Retail Earnings This Week | Stocks to Trade | Monday May 11, 2015

Retail Earnings in Focus This Week:

Retail earnings will set the pace as earnings season draws to a close.

As the earnings season begins to wind down, it is time for the big retailers to start sharing their most recent quarterly results.

Consensus estimates from Wall Street analysts call for year-on-year earnings growth from Macy’s, Inc. M 1.9%, but for earnings declines from Kohl’s Corporation KSS 1.25% and Nordstrom, Inc. JWN 0.64% when they report this week. A smaller net loss is expected from J C Penney Company Inc JCP 3.03%.

retailer earnings   retailer earnings   retailer earnings   retailer earnings

Stocks to Trade | Monday May 11, 2015

Pete’s Notes:

  • SPY gap higher gave us the volatility we were looking for. Close on the highs should set up another run to the 212 resistance.
  • Retail earnings may get the headlines but the financial sector has my attention going into the open. GS Goldman Sachs especially, peeked through major resistance from 2009. It will be interesting if we get follow-through.

XLF Financial services ETF is at a key break out level with GS and JPM strong as well.

xlf etf chart


Interesting Chart Lessons:

  • JNPR 3 inside weeks in a row. Expect an increase in volatility.
  • ALTR stalking a trend day.

TSLA Breakout over $240 Stocks in Play

TSLA still in play. Carry over from Friday.

jobs report

Click for a podcast of the May 5 meeting…

Earnings in play today > 1M avg shares: TRQ, AU, SSYS, MBIA, FSC, PAAS, RAX, DISH

Bullish Ideas Volume Price ATR: AAPL, AET>110, ALTR, NFLX, TASR, RRC, AMZN, TSLA>240, SCTY, CSIQ, CAT, MA, GS

Bearish Ideas Volume Price ATR: AKRX, RCL, LVS, BIDU, UA, APA

Weak Stock Weak Close: BLMN, LC

Strong Stock Weak Close: TASR

Weak Stock Strong Close: ZU, WYNN,

Strong Stock Strong Close: BMY, CSIQ, FSL, RRC, YOKU

20 day Breakdown:  MU, NVDA

20 Day Breakout: NUAN, MDRX, V, ABEV, ATVI, MA, BRCM

2x Normal Volume: YELP, NUAN, ZU, MDRX, V, RCL, TASR, LC

Core Watch List Longs: SWN, PM, ADM, BK, JPM, GE, WFC>56, SBUX, COF, MS, MSFT, JNPR, AKAM, INTU

Core Watch List Short: ALL, COST, AMAT, GLW, LEN, LVS, MGM, SNDK, TOL

Inside days: ALTR,

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