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%.
Stocks to Trade | Monday May 11, 2015
- 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.
Interesting Chart Lessons:
- JNPR 3 inside weeks in a row. Expect an increase in volatility.
- ALTR stalking a trend day.
TSLA still in play. Carry over from Friday.
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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