Tag Archives: NFLX

Hot Start to 2018 Pushes Markets Higher

U.S. equities pushed confidently higher on Tuesday, the first trading day of the new year, resulting in the best kickoff for the tech-heavy Nasdaq since 2013. Bitcoin was hot. Gold well bid. But bonds were slammed, pushing up yields, in a possible sign that inflation and economic growth expectations are rising and will put further pressure on the fixed-income market.

In the end, the Dow Jones Industrial Average gained 0.4%, the S&P 500 gained 0.8%, the Nasdaq Composite gained 1.5% and the Russell 2000 gained 0.9%. Treasury bonds declined, the dollar weakened again, gold gained 0.5% for its eighth consecutive gain and crude oil lost 0.1% after a run of strength.

Energy stocks led the way, in what could be possible sector rotation as crude oil tests above the $60-a-barrel threshold for the first time since 2015. Utilities were the laggards on yield pressure, falling 0.9%.

Netflix, Inc. (NASDAQ:NFLX) gained 4.8% after being upgraded by analysts at Macquarie noting changing consumer preferences to ad-free television and the impact of a second round of price increases. Citigroup analysts believe there is a 40% chance the company is acquired by Apple Inc. (NASDAQ:AAPL).

Nordstrom, Inc. (NYSE:JWN) gained 3.7% on an upgrade at JPMorgan on expected tailwinds from stock market gains and tax cut stimulus. On the downside, Sirius XM Holdings Inc. (NASDAQ:SIRI) lost 2.9% on a downgrade from JPMorgan on increased royalty costs.

On the economic front, the Market U.S. Manufacturing PMI came in slightly better than the flash reading, indicating the strong pace of factory activity in 11 months. Job growth was at the strongest since September 2014. And Eurozone activity increased to its best level since the survey began in June 1997.

Conclusion

With the books closed on 2017, the die has been cast: It was a record year, with stocks rising on a total return basis in each and every month for the first time in history.

For now, the consensus on Wall Street is that the uptrend will continue.

Goldman Sachs is looking for “rational exuberance” in 2018 on a combination of strong GDP growth, low and slowly rising interest rates, and profit growth driven by the recently passed GOP tax cut legislation. JPMorgan says investors should “Eat, drink, and be merry” in the new year on higher consumer spending and an even tighter labor market.

But others, including Societe Generale and Bank of America Merrill Lynch, are sounding the alarm. The former is looking for the S&P 500 to drop to 2,000 by the end of 2018, a loss of 26% in what would be a bear market decline.

The latter, courtesy of strategist Michael Hartnett, fears a 1987/1994/1998-style “flash crash” within the next three months caused by rising interest rates.

investorplace.com/wp-content/uploads/2018/01/midterm-election-300×175.jpg 300w, investorplace.com/wp-content/uploads/2018/01/midterm-election-51×30.jpg 51w, investorplace.com/wp-content/uploads/2018/01/midterm-election-200×117.jpg 200w, investorplace.com/wp-content/uploads/2018/01/midterm-election-400×234.jpg 400w, investorplace.com/wp-content/uploads/2018/01/midterm-election-116×68.jpg 116w, investorplace.com/wp-content/uploads/2018/01/midterm-election-100×58.jpg 100w, investorplace.com/wp-content/uploads/2018/01/midterm-election-86×50.jpg 86w, investorplace.com/wp-content/uploads/2018/01/midterm-election-78×46.jpg 78w,https://investorplace.com/wp-content/uploads/2018/01/midterm-election-170×99.jpg 170w” sizes=”(max-width: 500px) 100vw, 500px” />

Checking in with seasonality, the folks at the Almanac Trader note that January has had a volatile reputation since 2000, with 10 of the last 18 years featuring nasty declines starting with the 5.1% pullback that kicked off the dot-com collapse. January 2009 featured a 8.6% loss that was the worst January on record going back to 1930.

Mid-term election year performances were also tepid, as shown above. SentimenTrader notes that options traders are betting heavily on a spike in volatility in the coming weeks. And these folks tend to be right at extremes.  

Today’s Trading Landscape

To see a list of the companies reporting earnings today, click here.

For a list of this week’s economic reports due out, click here.

Anthony Mirhaydari is the founder of the Edge and Edge Pro investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

Compare Brokers

Hot Start to 2018 Pushes Markets Higher

U.S. equities pushed confidently higher on Tuesday, the first trading day of the new year, resulting in the best kickoff for the tech-heavy Nasdaq since 2013. Bitcoin was hot. Gold well bid. But bonds were slammed, pushing up yields, in a possible sign that inflation and economic growth expectations are rising and will put further pressure on the fixed-income market.

In the end, the Dow Jones Industrial Average gained 0.4%, the S&P 500 gained 0.8%, the Nasdaq Composite gained 1.5% and the Russell 2000 gained 0.9%. Treasury bonds declined, the dollar weakened again, gold gained 0.5% for its eighth consecutive gain and crude oil lost 0.1% after a run of strength.

Energy stocks led the way, in what could be possible sector rotation as crude oil tests above the $60-a-barrel threshold for the first time since 2015. Utilities were the laggards on yield pressure, falling 0.9%.

Netflix, Inc. (NASDAQ:NFLX) gained 4.8% after being upgraded by analysts at Macquarie noting changing consumer preferences to ad-free television and the impact of a second round of price increases. Citigroup analysts believe there is a 40% chance the company is acquired by Apple Inc. (NASDAQ:AAPL).

Nordstrom, Inc. (NYSE:JWN) gained 3.7% on an upgrade at JPMorgan on expected tailwinds from stock market gains and tax cut stimulus. On the downside, Sirius XM Holdings Inc. (NASDAQ:SIRI) lost 2.9% on a downgrade from JPMorgan on increased royalty costs.

On the economic front, the Market U.S. Manufacturing PMI came in slightly better than the flash reading, indicating the strong pace of factory activity in 11 months. Job growth was at the strongest since September 2014. And Eurozone activity increased to its best level since the survey began in June 1997.

Conclusion

With the books closed on 2017, the die has been cast: It was a record year, with stocks rising on a total return basis in each and every month for the first time in history.

For now, the consensus on Wall Street is that the uptrend will continue.

Goldman Sachs is looking for “rational exuberance” in 2018 on a combination of strong GDP growth, low and slowly rising interest rates, and profit growth driven by the recently passed GOP tax cut legislation. JPMorgan says investors should “Eat, drink, and be merry” in the new year on higher consumer spending and an even tighter labor market.

But others, including Societe Generale and Bank of America Merrill Lynch, are sounding the alarm. The former is looking for the S&P 500 to drop to 2,000 by the end of 2018, a loss of 26% in what would be a bear market decline.

The latter, courtesy of strategist Michael Hartnett, fears a 1987/1994/1998-style “flash crash” within the next three months caused by rising interest rates.

investorplace.com/wp-content/uploads/2018/01/midterm-election-300×175.jpg 300w, investorplace.com/wp-content/uploads/2018/01/midterm-election-51×30.jpg 51w, investorplace.com/wp-content/uploads/2018/01/midterm-election-200×117.jpg 200w, investorplace.com/wp-content/uploads/2018/01/midterm-election-400×234.jpg 400w, investorplace.com/wp-content/uploads/2018/01/midterm-election-116×68.jpg 116w, investorplace.com/wp-content/uploads/2018/01/midterm-election-100×58.jpg 100w, investorplace.com/wp-content/uploads/2018/01/midterm-election-86×50.jpg 86w, investorplace.com/wp-content/uploads/2018/01/midterm-election-78×46.jpg 78w,https://investorplace.com/wp-content/uploads/2018/01/midterm-election-170×99.jpg 170w” sizes=”(max-width: 500px) 100vw, 500px” />

Checking in with seasonality, the folks at the Almanac Trader note that January has had a volatile reputation since 2000, with 10 of the last 18 years featuring nasty declines starting with the 5.1% pullback that kicked off the dot-com collapse. January 2009 featured a 8.6% loss that was the worst January on record going back to 1930.

Mid-term election year performances were also tepid, as shown above. SentimenTrader notes that options traders are betting heavily on a spike in volatility in the coming weeks. And these folks tend to be right at extremes.  

Today’s Trading Landscape

To see a list of the companies reporting earnings today, click here.

For a list of this week’s economic reports due out, click here.

Anthony Mirhaydari is the founder of the Edge and Edge Pro investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

Compare Brokers

7 Stocks Leading the New Year Charge

Stocks are surging higher on Tuesday, the first trading day of 2018, as investors kick off the new year just as they left the old one: With smooth, consistent buying strength.

There is no particular catalyst for the move higher, although seasonality points to first-business-day-of-the-month portfolio inflows and a tendency for the beginning of January to be strong. Can the momentum continue?

The folks at the Almanac Trader note that January has had a volatile reputation since 2000, with 10 of the past 18 years featuring nasty declines starting with the 5.1% pullback that kicked off the dot-com collapse. January 2009 featured an 8.6% loss that was the worst January on record going back to 1930.

If the bulls are going to buck the trend, these seven stocks need to keep pushing higher:

Stocks to Buy: Alphabet (GOOG)

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Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) shares are on the move, reversing a multi-week downtrend off of the high of near $1,080 set back in the middle of December. Shares are up 15% from the lows seen in September.

The company will next report results Feb. 1 after the close. Analysts are looking for earnings of $9.96 per share on revenues of $31.60 billion. When the company last reported on Oct. 26, earnings of $9.57 beat estimates by $1.17 on a 23.7% rise in revenues.

Stocks to Buy: Facebook (FB)

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Facebook Inc (NASDAQ:FB) shares are pushing back up towards their late November highs, rising off of the low of $170 set in early December.

Overall, the stock is up more than 20% from the lows seen back in early July thanks to steady user growth, the success of Instagram with younger audiences and the ongoing shift to higher margin video ads.

The company will next report results on Jan. 31 after the close. Analysts are looking for earnings of $1.93 per share on revenues of $12.5 billion. When the company last reported on Nov. 1, earnings of $1.59 beat estimates by 31 cents on a 47.3% rise in revenues.

Stocks to Buy: Disney (DIS)

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Walt Disney Co (NYSE:DIS) shares are surging more than 3% higher on Tuesday, encouraged by an upgrade from analysts at Macquarie.

Star Wars: The Last Jedi has officially become the highest grossing movie of 2017 bolstering sentiment after some internet-driven blowback against the plot line and Luke Skywalker’s role. Nerds.

The company will next report results on Feb. 6 after the close. Analysts are looking for earnings of $1.60 per share on revenues of $15.5 billion. When the company last reported on Nov. 9, earnings of $1.07 per share missed estimates by five cents on a 2.8% decline in revenues.

Stocks to Buy: General Electric (GE)

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General Electric Company (NYSE:GE) is a stock that Wall Street has seemingly left for dead after suffering more than a 43% decline from its summer 2016 highs.

This on frustration with the company’s direction, lack of confidence in its new management, and an underwhelming corporate restructuring plan that didn’t do enough, apparently, to trim weak performing areas like transportation.

A possible relief rally could be underway now, however, with shares pushing up and off of a three-month consolidation range near $17.50.

The company will next report results on Jan. 24 before the bell. Analysts are looking for earnings of 30 cents per share on revenues of $33.6 billion. When the company last reported on Oct. 20, earnings of 29 cents missed estimates by 20 cents on an 11.5% rise in revenues.

Stocks to Buy: Schlumberger (SLB)

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Schlumberger Limited. (NYSE:SLB) shares are pushing further away from its 200-day moving average, breaking above a seven-month trading range to return to levels not seen since May.

The bulls are being encouraged by the steady rise in energy prices with crude oil rising above the $60-a-barrel threshold today.

The company will next report results on Jan. 19. Analysts are looking for earnings of 45 cents per share on revenues of $8.1 billion. When the company last reported on Oct. 20, earnings of 42 cents per share matched estimates on a 12.6% rise in revenues.

Stocks to Buy: Chevron (CVX)

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Chevron Corporation (NYSE:CVX) shares are pushing to new highs, up nearly 30% from their summertime 2017 lows to push well beyond the previous highs hit in the summer of 2014 before the Saudis started their energy price way in the first place.

Analysts are Cowen recently raised their price target on optimism surrounding the company’s free cash flow and Permian basin performance.

The company will next report results on Jan. 26 before the bell. Analysts are looking for earnings of $1.30 per share on revenues of $38.6 billion. When the company last reported on Oct. 27, earnings of $1.03 beat estimates by six cents on a 20.1% rise in revenues.

Stocks to Buy: Netflix (NFLX)

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Netflix, Inc. (NASDAQ:NFLX) shares are surging nearly 5% higher on Tuesday, closing in on its previous high near $205 set back in October. Analysts at Loop Capital recently upgraded their price target and named the company one of their best trading ideas of the year.

The company will next report results on Jan. 22 after the close. Analysts are looking for earnings of 42 cents per share on revenues of $3.3 billion. When the company last reported on Oct. 16, earnings of 29 cents per share missed estimates by three cents on a 30.3% rise in revenues.

Anthony Mirhaydari is the founder of the Edge (ETFs) and Edge Pro (Options) investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

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Bitcoin Feels the Pain as Stocks Inch Higher

Stocks moved slightly higher on Thursday in a quiet holiday session. Bitcoin provided a dose of excitement, however, with prices falling back below $14,000 in the wake of reports of a possible regulatory crackdown in South Korea — including requiring exchanges to verify user identities to fight money laundering activity — and work of another “hard fork” before the end of the year.

In the end, the Dow Jones Industrial Average gained 0.3%, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.2% and the Russell 2000 gained 0.3%. Treasury bonds declined, the dollar fell, gold gained 0.4% and crude oil added 0.5%.

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Defensive telecom stocks led the way with a 0.5% gain while consumer staples were the laggards, down 0.2%. Netflix, Inc. (NASDAQ:NFLX) gained 3.5% in an attempt to push back up and over its 50-day moving average. Altria (NYSE:MO) fell 1.6%. When Netflix and cigarettes are the height of the action, you know Wall Street is mostly shut down.

Conclusion

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The overbought situation just keeps getting more and more ridiculous, with the weekly RSI indicator hitting levels not seen since the late 1950s as risk and worry fade away; replaced by ebullience and extreme confidence.

There is evidence that some areas of the market are braced for a possible changing of the tide come January, with the yield curve collapsing to its flattest levels since 2007, utility stocks rolling over, and the Nasdaq suffering mid-day sell-offs as traders exit crowded big-cap tech stock positions.

Today’s Trading Landscape

To see a list of the companies reporting earnings today, click here.

For a list of this week’s economic reports due out, click here.

Anthony Mirhaydari is the founder of the Edge (ETFs) and Edge Pro (Options) investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

Compare Brokers

Bitcoin Feels the Pain as Stocks Inch Higher

Stocks moved slightly higher on Thursday in a quiet holiday session. Bitcoin provided a dose of excitement, however, with prices falling back below $14,000 in the wake of reports of a possible regulatory crackdown in South Korea — including requiring exchanges to verify user identities to fight money laundering activity — and work of another “hard fork” before the end of the year.

In the end, the Dow Jones Industrial Average gained 0.3%, the S&P 500 gained 0.2%, the Nasdaq Composite gained 0.2% and the Russell 2000 gained 0.3%. Treasury bonds declined, the dollar fell, gold gained 0.4% and crude oil added 0.5%.

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Defensive telecom stocks led the way with a 0.5% gain while consumer staples were the laggards, down 0.2%. Netflix, Inc. (NASDAQ:NFLX) gained 3.5% in an attempt to push back up and over its 50-day moving average. Altria (NYSE:MO) fell 1.6%. When Netflix and cigarettes are the height of the action, you know Wall Street is mostly shut down.

Conclusion

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The overbought situation just keeps getting more and more ridiculous, with the weekly RSI indicator hitting levels not seen since the late 1950s as risk and worry fade away; replaced by ebullience and extreme confidence.

There is evidence that some areas of the market are braced for a possible changing of the tide come January, with the yield curve collapsing to its flattest levels since 2007, utility stocks rolling over, and the Nasdaq suffering mid-day sell-offs as traders exit crowded big-cap tech stock positions.

Today’s Trading Landscape

To see a list of the companies reporting earnings today, click here.

For a list of this week’s economic reports due out, click here.

Anthony Mirhaydari is the founder of the Edge (ETFs) and Edge Pro (Options) investment advisory newsletters. Free two- and four-week trial offers have been extended to InvestorPlace readers.

Compare Brokers