Tuesday, July 8, 2014

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

Share on StockTwits

Earnings season begins today. Alcoa (AA) reported after the bell beating estimates and rising after hours.
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%

What to expect for the earnings season in general:
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

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.

Top Headlines
Concern over ‘severe’ pullback sends U.S. stocks sliding

The 7 market myths that make investors poorer

Today’s bubbles aren’t like those of the past

Top Option Story
Apple (AAPL) - Earnings Preview & Resurrection: It's Time, Again, to Pay Attention to the Largest Company in the World

Open Interest
Daily Open Interest Report

Covered Call
Daily Covered Call Report

Biotech Index
Daily Biotech Small & Micro Cap Update

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.

Legal Stuff:
Options involve risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade options, and must meet suitability requirements.

The information contained on this site is provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation. Consult the appropriate professional advisor for more complete and current information. I am not engaged in rendering any legal or professional services by placing these general informational materials on this website.

I specifically disclaim any liability, whether based in contract, tort, strict liability or otherwise, for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with access to or use of the site, even if I have been advised of the possibility of such damages, including liability in connection with mistakes or omissions in, or delays in transmission of, information to or from the user, interruptions in telecommunications connections to the site or viruses.

I make no representations or warranties about the accuracy or completeness of the information contained on this website. Any links provided to other server sites are offered as a matter of convenience and in no way are meant to imply that I endorse, sponsor, promote or am affiliated with the owners of or participants in those sites, or endorse any information contained on those sites, unless expressly stated.

No comments:

Post a Comment