Stocks to Trade 3-16-17 | ADBE-Adobe Systems Earnings Report


ADBE Reports Earnings After the Close

Adobe Systems Climbs To Record High Before Q1 Earnings Report

Adobe Systems (ADBE) stock ascended to a record high on Friday ahead of the company’s fiscal first-quarter earnings report, due out after the close Thursday.

Adobe shares rose as much as 1.2% to 121.37 on the stock market today. That eclipsed the previous all-time high of 120.69, reached intraday Tuesday. Adobe stock ended the day up 1% to 121.09.

What to Watch Thursday: Adobe Reports Earnings

On Thursday, March 16, investors await quarterly results from Adobe Systems (ADBE) a holding of Jim Cramer’s charitable trust Action Alerts PLUS.

Analysts expect Adobe to report earnings of $0.87 a share on sales of $1.65 billion. During the same quarter a year ago, the company posted earnings of $0.66 a share on sales of $1.38 billion.

Cowen Expects ‘Steady Execution’ From Adobe’s Q1 Earnings

Adobe Systems (ADBE) will report first-quarter earnings next week, and Cowen & Co. expects a good quarter from the software giant.

Analysts J. Derrick Wood and Rakesh Kumar reiterated an Outperform rating and raised their price target by $20, to $140 on Friday, writing that they expect steady growth execution from Adobe, and are optimistic about the health of its growth vectors in both Digital Media and Digital Marketing.

$ADBE 3-16-17 Before Earnings

$ADBE 3-16-17 Before Earnings

On the Tape Today | 3-16-17

$NFLX 3-16-17

$NFLX 3-16-17

NFLX | Netflix Inc. peeked it's stock price above the $145 level again but this time it has the general market behind it's back. An inside day breakout, gap and new highs, all point to follow through for a few days. Combined with today game plan for the general market (see below) NFLX sets up for a solid short-term sing trade.

Game planning a $145.50 buy-stop with a $144 stop loss. A target of $151. If the stock price trades below today's open price and below our entry, I am out looking to re enter. Looking for immediate follow through and room to breathe. 


$SPY 3-16-17 Hourly Chart

$SPY 3-16-17 Hourly Chart

Tape Reading the SPY ETF

$SPY trading higher premarket. Solid follow through from yesterday’s FOMC announcement.

Today’s trading sets the tone for one of two scenarios, both of which involve an increase in volatility. In the last 2 weeks we correctly called profit taking after the Trump speech, and this Monday we called for a slow week until 2 pm yesterday.

Both unfolded perfectly.

Today sets up another bullish run or the bulls start to panic. I don’t mean panic as in “hit the bid NOW!” but definitely concern over new positions initiated. If the stock market does not follow through the next two days, I see the 5-7% decline that many believe well overdue.

I am not making a bearish stance, simply reading the tape. If today and tomorrow follow through with solid volume (At least 80-100 million shares in the $SPY) and close strong, the bullish traders get their conviction back.

I can’t see a scenario where the market simply drifts. Get your game plan ready and ONLY trade what you planned. Let everything else go.

Either way, I see some solid momentum on the way.

Stock Market Today: Heatmap of the S&P 500

$SP 500 3-16-17

$SP 500 3-16-17

Stocks to Trade 3-15-17 | Thursday Edition

Short-Term Momentum

Bullish Momentum: CLVS, CNQ, EXEL, CC, RH, MPC, ETN, HTZ, TMUS

Bearish Momentum: 

Long-Term Order Flow


Bearish Order Flow: m, esrx, tgt, panw, alxn, dltr, dks, lb, mnk, apa, prgo, nfx, sm

2X Normal Volume: DAL, MBLY, AAL, UAL, FNSR, CLVS

Inside Days: intc, nke, fnsr, csx, bsx, adi, pypl, ba, mdt, tsn, trip, kite, 

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