7-8-14: End of Day Report - Largest Stock Moves, New 52 Wk. Highs/Lows, Unusual Option Volume

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Earnings season begins today. Alcoa (AA) reported after the bell beating estimates and rising after hours.
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In the second quarter, sales held steady year over year at $5.8 billion. Adjusted earnings landed at $0.18 per diluted share, up from $0.07 per share in the year-ago period.

Analysts would have settled for earnings around $0.12 per share on something like $5.7 billion in total revenue. Alcoa exceeded both of these estimates.

Source: Alcoa Inc. Crushes Q2 Earnings Targets; Shares Rise 1.5%
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What to expect for the earnings season in general:
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Profits of S&P 500 companies are expected to grow 6.2 percent in the second quarter, according to Thomson Reuters data, down from the 8.4 percent growth forecast at the start of April. Revenue is seen up 3 percent.

Source: Wall St. drops on earnings caution; Dow below 17,000
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Remember those three numbers: 6.2% (new expectations) and 8.4% (old expectations) and 3% for revenue. This market has not been moving on fundamentals (some have argued), but I believe it will now. Those numbers are the fundamentals.




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Market Overview

Largest Stock Gainers



Largest Stock Losers



New 52 Wk Highs in S&P 500



New 52 Wk Lows in S&P 500
No New Lows


Unusual Option Volume



Elevated Implied Volatility (IV) to Historical Volatility (HV)



This is trade analysis, not a recommendation.

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