NFLX Earnings Today | Stocks to Trade 10-14-15

NFLX Earnings TodayThe stock market is forcing you to be a day trader.

The current trading environment lacks a clear bias, maybe NFLX earnings today will provide a catalyst. I doubt it though, the financials drive this bus. The stock market is struggling to gain footing in one direction. Many high-beta stocks are swapping buy days with sell-short days.

Yesterday set up a perfect trading pattern of momentum, followed by a 2 day pause on light volume. Tuesday was a day to be a buyer, and the morning was a glorious two hours of follow-through. Then the bulls left the building. Maybe it was side-stepping the JPM earnings after the close, maybe it was getting back to reality.

Either way, I am flat heading into Wednesday and in day trading mode again. I don’t see a reason to hold positions unless you are initiating options spreads.

Stock specific ideas and working hard to identify sector rotation is the correct play in this tape.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

NFLX Earnings Today | Stocks to Trade 10-14-15

Day Trading Game Plan: The SPY ETF Outlook

SPY price action gave back a solid morning of buying. We expected the $200 support to be tested, but were looking for one more day higher and then a healthy pullback before a new move higher. The $200 level will be our key reference point today.

(click the chart for a full view)

NFLX Earnings Today | Stocks to Trade 10-14-15

Pete’s Notes:

  • Challenging morning to forecast market direction. Tough to give a perspective on yesterday’s afternoon selling.
  • GOOGL and AMZN holding the breakout so far.
  • AAPL neutral, I see no edge.

Charts in Focus

United Health Group, UNH

UNH continues to knock on the door of a 52 week breakout. The correct breakout level is $125 but it needs to hold above the level. You don’t want to get caught in a bad trade using a buy stop. Let it close and hold above $125.

(click the chart for a full view)

NFLX Earnings Today | Stocks to Trade 10-14-15

NFLX Earnings Today | Stocks to Trade 10-14-15

NFLX Earnings Today | Stocks to Trade 10-14-15

Earnings in play today > 1M avg shares: BAC, BLK, DAL, KMI, NFLX, PNC, TZOO, WFC, XLNX, JBHT

Relative strength to yesterday’s SPY negative change from the open: BIDU, CF, TSLA, AET

> 20sma, positive week and closed 2% higher from the open: AET, CF

<20sma, negative last 5 days and closed 2% lower from the open: qrvo, xpo, vrtx, wpz, avgo, hsnp, agn, biib, myl, abbv, vmw

Bullish Ideas ATR/Volume/Price: NFLX, NKE, LYB, CRM, TSO, ACN, UPS, HD, MA, UA, AMZN, UNH, PSX>84, GOOGL, DLPH, DHR, DIS

Bearish Ideas ATR/Volume/Price: xon, vrx, thc, mnk, biib, vrtx, qrvo, wpz, feye, amba, myl, gpro, yum, swks, tsla, vmw, xpo, agn, lrcx, gild, teva, lng, abbv, rrc, celg, gmcr, hot, stt, lulu, dltr, de, cof, pnc, dg, wmb

Weak Stock Weak Close: xon, biib, vrtx, qrvo, wpz, myl, vmw, avgo, xpo, agn, ete, abbv, hds, celg, mrk

Strong Stock Weak Close: NFLX, TSO, TSN, DLPH, TSLA

Weak Stock Strong Close:

Strong Stock Strong Close: TOT, ATVI, IDTI, GOOGL

20 day Breakdown: infy, jblu, vmw

20 Day Breakout: UNH



Watch List Short: kss, mrk, abt, cof, pnc, m

Inside days: twtr, v, m, lvs, ual, gpro, clr, mur, sndk, nke, rax, hd, bby, jbl, ip, rost, sti, dre, ma, ba, adbe, yelp, mchp, grub, wdc, trv

Netflix Stock: Can Earnings Continue Streaming Success? (NFLX)

NFLX Earnings TodayNetfix (NFLX) earnings always bring tons of sentiment and action, kind of like the movies it offers. Netflix’s upcoming earnings report  — after the market’s close on Wednesday — should be no exception. So expect plenty of volatility in Netflix stock before and after the announcement.

No doubt, investors have had little to quibble about. For the year so far, NFLX stock is up a sizzling 130% to $112, which is by far the highest performing security in the S&P 500 index.

Netflix stock experienced a nice rally after the past summer’s correction, and NFLX is up 16% since late August. Even the unloading of billionaire investor Carl Icahn’s NFLX stake has had little impact on things.

OK, what to expect with Netflix earnings for the third quarter? Well, the consensus is for per share profits of 8 cents, which looks beatable.

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What’s Coming For Netflix This Earnings Season?

  • Netflix, Inc. NFLX is scheduled to announce its third-quarter financial results next Wednesday, after the market closes.
  • In a recent report, Wedbush reiterated an Underperform rating and $40.00 price target on the stock, alleging that the company is “likely to exceed subs guidance, but price increase and competition reflect chinks in its armor.”
  • Shares of Netflix were down more than 1.2 percent on Friday.

According to analysts Michael Pachter, Alicia Reese and Nick McKay, Wedbush expects Netflix’s third-quarter results to beat the modest guidance. The experts expect earnings of $0.07 per share on revenue of $1.77 billion, slightly below the Street’s consensus (which calls for earnings of $0.08 per share on revenue of $1.75 billion), but in line with guidance for EPS of $0.07.

In the streaming sub net adds field, the firm is modeling 1.25 million local net adds and 2.5 million international streaming sub net adds, versus guidance of 1.15 million and 2.4 million, respectively.

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Leave a Reply 4 comments

Lou Romaniuk Reply

“Tough to give a perspective on yesterday’s afternoon selling.”

Pete… I shudder to think about how potent your perspective on market direction would be if you were aware of where price is relative to value (I mean that as a compliment Pete… no disrepect whatsoever.. so take this in a very positive light). A bell curve distribution model provides that for you with market profile.


    Pete Renzulli Reply

    Hi Lou
    thank you for the back-handed comment.. I think.
    I guess you may not realize many of the readers are not as experienced as you appear to be, and some of the content needs to be high-level and not as granular as your comment.

    We have asked you to expand on your trade ideas by writing a blog post.
    If you would like to put yourself out there let me know.

    Thanks again.
    Your point of view is always welcome

      Lou Romaniuk Reply

      Pete I am time strapped… I would love to… but I just don’t have the ability to commit. I realize it can be a one of thing here and there… but Im trying to find that healthy work/life balance with family and all. I have an extreme amount of time that gets taken on personal journaling as well as mentoring a buddy after hours that consumes me outside of regular trading hours.

      The comment above comes from an extremely high amount of respect I have for you and the instrumental weighting you have played in my journey. Market Profile is not a strategy at all… it’s simply provides a completely unique layer of understanding…context… and awareness that simply is NOT POSSIBLE to see through simple candlesticks. Because of how strong you are via traditional means of evaluating high probability situations…I can only imagine what knowledge of MP would have on your already strong edge.

      In a nutshell… we know there is a certain amount of self fulfilling prophecy that makes TA work… not the only reason…but often times– the more the masses see– the fulfillment odds increase. With MP– there is a very limited amount of players… so self fulfilling prophecy is virtually a non existent subject here. It simply is a natural manifestation of the inventory positions of the market participants… based on bell curve distribution model which can apply to widgets or whatever. In trading..its one of the most powerful things Ive encountered.

      Thanks for all you do here.

        Pete Renzulli Reply

        Hope you find the time to put some ideas on paper
        you obviously have a lot to offer

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