Stocks to Trade 3-17-17 | TIF-Tiffany’s Earnings Report

Tiffany TIF

Looking At Tiffany’s With Fresh Eyes Ahead Of Q4 Earnings

Oppenheimer rates luxury retailer Tiffany & Co. TIF at Outperform ahead of its earnings report, pegging a new price target of $105, up from $87.

After describing its nearer outcome for the jewelry giant as “more mixed,” in part because of “ongoing internal missteps,” the research firm said, “The narrative for TIF shares might now be shifting meaningfully. A well-regarded activist investor recently assumed a stake in TIF and seemingly influenced a significant management and board repositioning at the chain.

What You Should Know Ahead of Tiffany’s (TIF) Q4 Earnings

Tiffany & Co. TIF , which designs, manufactures and retails jewelry and other items globally, is slated to report fourth-quarter fiscal 2016 results on Mar 17.

Barring the first quarter, the company has outpaced the Zacks Consensus Estimate in the second and third quarters by 18.3% and 13.4%, respectively. In the first quarter, the company posted negative earnings surprise of 5.9%. Let’s see how things are shaping up for this announcement.

$TIF Tiffany's Before Earnings 3-17-17

$TIF Tiffany's Before Earnings 3-17-17

Today’s Trading Lesson…

How to Confidently Trade Stocks with Order Flow If you create a game plan, how and when would you change it? Does price action change your plan? I say it shouldn’t. Watch today’s video and you decide.

On the Tape Today | 3-17-17

$NKE 3-17-17

$NKE 3-17-17

NKE | Nike Inc traded into consecutive inside days with minor resistance overhead. Game planning a $58 buy-stop and a $59.75 sale.  $57.50 stop loss if filled. Inside day trades are designed for an immediate move out of the consolidation, the tight stop is warranted in this case.

ESRX | Express Scripts Hldg breached the $65 support again and closed in the lower end of the range. Looking for a $64.50 sell-stop to trigger a new short sale with a profit target to cover $60.25. Planning to set the stop loss @ $65.50.


$SPY 3-17-17 Hourly Chart

$SPY 3-17-17 Hourly Chart

Tape Reading the SPY ETF

$SPY price action pretty much laid an egg for the day, but sets up a solid momentum pause on the hourly chart.

For fear of over analyzing yesterday, I don’t want to make some grand, educated prognostication for today. Yesterday’s game plan hasn’t changed. Sometimes that happens.

If the market doesn’t change, your bias shouldn’t either simply because of a consolidation day. Too often we try to read so deeply into the tea leaves, we ruin the simplicity of the journey.

Not much happened yesterday in the general indices, I am looking for a trend day today.

Stock Market Today: Heatmap of the S&P 500

$SP 500 3-17-17

$SP 500 3-17-17

Stocks to Trade 3-17-17 | Friday Edition

Short-Term Momentum

Bullish Momentum: HTZ, RH

Bearish Momentum: exel, sm

Long-Term Order Flow


Bearish Order Flow: nem, mnk, dvn, nfx, dks, nfx, panw, tgt

2X Normal Volume: MBLY, DG, UAL, ADSK, WYNN, BIDU

Inside Days: msft, pfe, c, bmy, nke, ms, ual, jnj, hal, cvs, slb, oxy, luv, pep, dis, gis, celg, rrc, sti, cl, gs, utx, dvn, coh, hon, cag, mur, syy, hes, ups, dks, 

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