Stock Trading Today 7-20-16 | $MS

$MS Earnings Update:

Morgan Stanley clears lowered expectations.

Morgan Stanley said its profit fell 12% in the second quarter as the company weathered volatile markets that affected its investing and corporate clients.

Earnings and revenue, however, beat expectations, pushing shares up 2.9% premarket.

The bank’s net income declined to $1.58 billion, or 75 cents a share, from $1.81 billion, or 85 cents a share, a year ago. Analysts polled by Thomson Reuters had expected a per-share profit of 59 cents.

Revenue tumbled 8.6% to $8.91 billion. Analysts had forecast $8.3 billion.

Read $MS Earnings – >

On the Tape Today...

$WMB breaks long-term down trend the last 2 weeks. Needs to get above $26 for a new long. (see chart)

$MCD inside day breakout. Look for one more day long.

$BA four week rally into resistance. Look to sell a higher open today if long.

$UA bull flag with room to go. $47 target for a new swing trade.

$WMB 7-20-16 (Click to Enlarge)

stock trading today 7-20-16

$WMB 7-20-16


Dow poised for 7th straight record as Microsoft rallies

U.S. stocks futures climbed on Wednesday, setting the Dow Jones Industrial Average on track for a seventh straight day in record territory as Microsoft rallied premarket after better-than-expected earnings.

More financial results out on Wednesday from Morgan Stanley, Halliburton and Tupperware could also help drive the market action in the day ahead.

On a more upbeat note in the earnings season, shares of Microsoft Corp. MSFT, +4.20% jumped 4.2% ahead of the bell after the software giant’s earnings released late Tuesday beat analyst forecasts. The company also said its cloud and productivity businesses posted revenue growth, even as overall sales fell.

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Stock Market Today: Heatmap of the S&P 500

stock trading today 7-20-16

$SPY Heatmap 7-20-16


Stocks to Trade 7-20-16 | $MSFT Soars After Hours

Netflix Hits Nasdaq; Dow Rises; Microsoft, Intuitive Jump After Hours

Stocks closed mixed Tuesday amid positive housing data and as earnings reports continued to roll in. Netflix (NFLX) hit the Nasdaq, while Lockheed Martin (LMT) scored gains during the regular session, and Microsoft (MSFT) jumped big after hours.

The Dow Jones industrial average held a 0.1% gain, the S&P 500 gave up 0.1%, and the Nasdaq fell 0.4%. Volume was also mixed according to preliminary figures, running slightly lower on the NYSE, but higher on the Nasdaq vs. Monday.

Metal miners, movie-related stocks and oil drillers led the downside in the stock market today, as West Texas Intermediate crude prices slid 1.4% to $44.60 a barrel. Paper, solar and ship transport stocks advanced.

After the close, Microsoft jumped 3.5% on a fiscal Q4 earnings and sales beat. The business software titan and Xbox maker earned 69 cents a share on $22.6 billion in revenue, above views for 58 cents on $22.15 billion, respectively. It fell 1.6% during the regular session, ahead of the earnings report. Shares were 6% off their 52-week high, based on Tuesday’s close.

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Tape Reading the SPY ETF $SPY light volume pause for two sessions made for some tough trading for futures traders.

A higher open set for this morning and $MS earnings on tap. The market is an obvious long, the only question is whether or not it can maintain the bullish tape after the open. Look to be long but don’t fight price action if we trend lower.

stock trading today 7-20-16

$SPY 7-20-16


Stocks in Play: $MS research on finviz.com

$MS NEWS: How Will Morgan Stanley (MS) Stock React to Q2 Results?

Morgan Stanley (MS) is scheduled to report its 2016 second quarter earnings before Wednesday’s market open.

NEW YORK (TheStreet) — Shares of Morgan Stanley (MS) are lower by 0.14% to $28.17 Tuesday afternoon ahead of the company’s 2016 second quarter results due out before tomorrow’s opening bell.

Analysts are modeling declines year-over-year in both earnings per share and revenue. Wall Street is expecting the New York-based financial holding company to post earnings of 59 cents per share on revenue of $8.3 billion.

During the same quarter last year, Morgan Stanley earned 79 cents per diluted share on revenue of $9.7 billion.

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Will Trading Rebound Aid Morgan Stanley (MS) Q2 Earnings?

Morgan Stanley (MS – Analyst Report) is scheduled to announce second-quarter 2016 results on Wednesday, Jul 20, before the opening bell.

Last quarter, Morgan Stanley surpassed the Zacks Consensus Estimate, attributable to an increase in net interest income, higher advisory fees and a fall in operating expenses. However, a slump in fixed-income, currency and commodities (“FICC”) trading income remained an undermining factor.

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stock trading today 7-20-16

$MS 7-20-16


Stocks to Trade 7-20-16 | Wednesday Edition

Short-Term Trading Momentum:

Positive the last 20 and 5 trading days | closed 2% higher from the open: SCTY, WMB

Negative last 20 and 5 trading days | closed 2% lower from the open: xon, glng, trgp, do, aet

Quarterly Order Flow:

Bullish Stocks to Trade: VMW, SLCA, UNH>$143, FB>$121, BA>$135.50, AMZN, HD>$136.25, HON, COST, LRCX, BABA, YUM, CVX, CAT, UBM, UNP, SHPG, AEM, CLR, 

Bearish Stocks to Trade: nflx, rcl, ccl, cop, xon, psx, bidu

2x Normal Volume: ARMH, NFLX, VMW, AET, PM

Inside days: aapl, met, schw, mos, nem , tsm, wmt, lvs, dow, bhi, cat, m, bby, coh, de, lgf, stt, rost, psx, dd, kss, swks, lnc

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