Stocks & Bonds

IBM Stock Outlook: Risk Skews to the Downside

IBM is trading 7% lower on Wednesday morning, after beating Wall Street consensus for earnings and revenue but missing on guidance. Can it go lower?  Yes, I believe it can… read on. IBM reported earnings per share of $2.45 and total revenue of $19.1 billion, compared to analyst expectations of…

S&P 500 Futures Trading Update: Pullback Should Find Buyers

Broad Stock Market Futures Outlook for April 18, 2018 Solid earnings continue to present, Yemen missiles and API drawdowns in inventories have the indices we watch moving into higher resistance once again. These are all key levels of profit taking but there are no setups for short action at this time as…

Netflix Stock Outlook (NFLX): Cycles Point Higher Yet

Lights, camera, action – Netflix stock continues its move higher Netflix (NFLX) is trading higher on Tuesday, following flat earnings and better than expected growth in subscribers. Netflix reported earnings per share of $0.64 and total revenue of $3.7 billion, compared to analyst expectations of $0.64 and $3.69 billion. However,…

Trouble Brewing in the “SCANNZ Economies”

You’ve probably heard of the “BRIC Economies” – the kings of the new paradigm in emerging markets, and no doubt are sick of hearing about the “PIIGS Economies” – the Eurozone crisis culprits, but have you heard of the “SCANNZ Economies”? This grouping of: Sweden, Canada, Australia, Norway, and New…

S&P 500 Futures Trading Outlook: Price Targets In View

Broad Stock Market Futures Outlook for April 17, 2018 Higher lows prevailed to give us higher highs as buyers push us into regions not seen since mid-March in solid earnings releases.  Resistance watches are still the order of the day as momentum holds bullish. How well we bounce off pullbacks will be the…

Macro Market Update: Rally On, But Headwinds Persist

Macro View While stocks may benefit in the near term from the perceived alleviation of geo-political uncertainties, this may yield to a more pronounced focus on the ability of companies to deliver on elevated earnings expectations. Consensus expectations have earnings rising 18% on reported basis in the first quarter (23%…

Investing Perspective: 2018 Market Volatility Is Overhyped

So far in 2018, the narrative has been about volatility. Many outlets have expressed concerns regarding the magnitude of daily moves. In most circumstances, I don’t see evidence of that. First lets be clear, 2017 was not common. In 2017 there were only 8 days which experienced 1% moves. Both…

S&P 500 Trading Update: Rally Into Late April?

S&P 500 Trading Outlook: Bullish… IF we breakout to the upside. We are still hovering around last Friday’s highs… but the pattern is still quite constructive for a push up over 2700 early this week. Above 2680 on futures has little resistance until over 2700. So breaking above last Friday’s…

National Oilwell Varco (NOV) Cycle Outlook: Stock Topping?

National Oilwell Varco (NOV) was trading 5% lower on Monday morning after the company warned that Q1 revenue would be lower than expected. After last week’s big move higher, today’s dip produced what is known as a “kicker pattern,” which often signifies a tone change. NOV announced today that it…