MSFT-Microsoft Earnings Report | Stocks to Trade 7-20-17

MSFT-Microsoft Earnings Today

MSFT-Microsoft Earnings Today

Microsoft earnings: Massive changes are ahead from job cuts to accounting change

Microsoft Corp. will have plenty to talk about when it reports the final quarterly earnings for its fiscal year on Thursday. The tech company has confirmed that it is reorganizing its global sales team, a move that is expected to include thousands of layoffs—Microsoft MSFT, +0.76% has confirmed the staff changes but not a number, which could be divulged alongside earnings.

In addition, Microsoft is one of the biggest names among early adopters of a new accounting standard that will change the way all companies recognize revenue. The specifics of Microsoft’s reorganization have mostly made it to the public through reports and a leaked email to employees from executive Judson Althoff, who said that Microsoft will organize the commercial-sales team by the size of the businesses they will target, with a large enterprise team and one focused on small- to medium-size businesses.

marketwatch.com/microsoft-earnings

Microsoft’s Earnings Could Cement Its Shift From ‘Cloud Laggard to Cloud Leader

Wall Street will be on cloud nine if Microsoft (MSFT) can prove that its new business strategies keep paying off. Microsoft reports its fiscal fourth-quarter results after Thursday’s closing bell. Analysts are hoping to get more color on how Microsoft’s cloud and AI businesses are shaping up, as well as new details on the layoffs announced earlier this month.

The tech giant is expected to report earnings of 71 cents per share and $24.3 billion in revenue for the quarter. Microsoft doesn’t break out results for its Azure cloud product; instead, it falls under the company’s Intelligent Cloud unit, which analysts’ predict will see sales increase quarter-over-quarter to $7.3 billion.

thestreet.com/msft

Earnings Preview: What To Expect From Microsoft On Thursday

Microsoft is scheduled to release earnings after Thursday’s close. The stock just hit a record high of $73.45/share and is trading just below that level. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong.

forbes.com/msft-earnings

MSFT-Microsoft 7-20-17 Before Earnings

MSFT-Microsoft 7-20-17 Before Earnings

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On the Tape Today | 7-20-17

WDC-Western Digital 7-20-17

WDC-Western Digital 7-20-17

WDC-Western Digital setting up a run to $100/ A clean momentum pause above the recent trading range triggers a new swing trade long. Game planning a $95 buy stop with par as the first target. If filled and the stock market continues its bullish run, looking for $110. Stop loss on a close below $93.50.

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SPY ETF 60 Minute Chart 7-20-17

SPY ETF 60 Minute Chart 7-20-17

Got some great emails addressing yesterday’s blog post – about order flow and saturation points.

Here’s how to think about the two concepts. Order flow is institutional commitments. Real money on the line. How much (volume) and how long has it occurred. The more money committed to an idea, the more conviction you can have in the bias… the direction continuing.

This brings us to saturation points. If order flow is long term supply or demand, saturation points are the current value areas within the order flow. Think of a car… How long can you rev the engine before you need to take your foot off the gas? That concept is saturation points.

You are not “calling a top” with saturation points, that is a losing game. You are spotting when the likelihood of short-term follow through is diminishing. Yesterday’s price action started out “revved up.” The greatest advantage to learning these two concepts is trade management. When and how to get aggressive.

When to hold longer, when to trade bigger, when to trim and trail. When to be flat. What happens between entry and exit, for the most part, is determined before the entry. If it’s not, you are reacting to every uptick or downtick.

That’s a crappy plan, and you never learn. Click here to learn more about order flow.

Pete

Stock Market Today: 

Stock Market Performance by Sector on 7-19-17

Stock Market Performance by Sector on 7-19-17 by finviz.com

Stocks to Trade | 7-20-17 Thursday Edition

SHORT-TERM MOMENTUM

Bullish Momentum: SM, HP, SLCA, CF, APA, HAIN, CAR, HES, DVN, HAL, TWLO, LULU, RH, LRCX, RSPP, EOG, CLR,  CBI, LYB

Bearish Momentum: csx, ual

ORDER FLOW

Bullish Order Flow: CAR, RH, LRCX, AAOI, ADSK, LYB, AVGO, BA, TTWO, AMGN, FB, CAT, ADBE, TSO, AAPL, AET, CC, BDX, MA, AMZN, WDC, NFLX, BABA, NVDA

Bearish Order Flow: cvs, cog, cost, lb, fl, tsco, khc, rosy, dks

Double Normal Volume: CSX, NFLX, VRTX, UAL, IBM, HOG, FAST, CCI

Inside Day: pypl, sbux, hog, apc, cog, m, teva, met, abbv, myl, mcd, cat, ccl, lvs, bby, dg, jwn

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