TSO-Tesoro Earnings Report | Stocks to Trade May 8 2017

TSO Tesoro

Can Tesoro (TSO) Spring a Surprise This Earnings Season?

Independent oil refiner and marketer Tesoro Corporation (TSO) is set to release first-quarter 2017 results after the closing bell on May 8.

In the preceding quarter, the San Antonio, TX-based downstream operator delivered a positive earnings surprise of 88.69%. Significant contribution from the logistics segment supported the company’s performance.

Coming to earnings surprise history, the company has an impressive record. The company beat estimates in each of the last four quarters with an average positive surprise of 50.02%.


Where Do Analysts Ratings for Tesoro (TSO) Stand Pre-Earnings?

Analysts’ ratings for Tesoro: In this series, we’ve examined Tesoro’s (TSO) 1Q17 estimates, refining margin outlook, and stock performance ahead of its earnings release expected on May 8, 2017. In this article, we’ll look at analysts’ ratings for Tesoro.

Tesoro has been rated by a total of 18 analysts. Of this total, 12 analysts (or 67%) have assigned “buy” or “strong buy” ratings, six (or 33%) have assigned “hold” ratings, and none have assigned “sell” or “strong sell” ratings on the stock. TSO’s mean target price of $103 per share implies a 29% gain from its current level.


$TSO Tesoro 5-8-17 Before Earnings

$TSO Tesoro 5-8-17 Before Earnings

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On the Tape Today | 5-8-17

AAPL Apple Inc 5-8-17

AAPL Apple Inc 5-8-17

AAPL Apple Inc. produced a clean inside day breakout, and fuel candlestick on Friday. Crafting a game plan for 2 days of bullish continuation. If you missed Friday's entry, a $149.25 buy-stop triggers a new long. Target to sell on the new swing trade comes in at $155. Stop loss on a close below $148.

CLR | Continental Res 5-8-17

CLR | Continental Res 5-8-17

CLR Continental Resources bearish order flow remains intact, so does the trade set up. Inside day on Friday and a clear breakdown level sets up a $41 sell-stop. Expect some support @ $41, so initiate with half position until we see a close below $41. The final target on a short sale remains $35.


SPY ETF Chart 5-8-17

SPY ETF Chart 5-8-17

Tape Reading the SPY ETF

$SPY breaks out of the trading range, closes on the highs and….

Don’t get too excited, light volume, again. Most likely because of the French election. At least that’s what you’ll read, but real interest, has real volume. The election is an excuse.

The stock market isn’t giving me anything to sink shares into. Absolutely some individual stocks, Basic materials on Friday, technology the last few weeks, but the market is neutral. Which means I am still in cash flow mode.

Cash flow means exiting into momentum, and not building aggressive positions. To become a bullish trader with conviction this week I need to see the SPY ETF well-bid, close on the highs, and trade near 100 million shares.

The stock market has the potential to trap weak longs, if this happens, the move lower could be swift. Be disciplined.

Stock Market Today: Heatmap of the S&P 500

SP 500 Heatmap 5-8-17

SP 500 Heatmap 5-8-17

Stocks to Trade 5-8-17 | Monday Edition

Short-Term Momentum

Bullish Momentum: AAQI, EXAS, RH, LITE, CC, DD, WDC

Bearish Momentum: espr, twlo

Long-Term Order Flow


Bearish Order Flow: ibm, akam, dfs, esrx, syf, tsco, cvx, x, slb, hal, dvn, sm, slca

2X Normal Volume: IBM, AAQI, VIAB, COMM, EXAS, DFS, EA

Inside Days: etp, mos, clr, yhoo, mpc, mar, adm, gis, myl, aig, lb, kmi, kss, ups, cvx, symc, gild, wfc, cat, cag, c, dg, gs, bby, car, rost, bbby

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