Nov 3rd Election Day
If you are a citizen please exercise your privilege to vote on Tuesday if you haven’t already voted by mail in ballot.
How will the election affect the markets?
Due to pandemic millions of votes were already casted through mail-in-ballots. Speculation is that results of the election may take a few days to be announced. There is also speculation that legal battles will be fought over the results. All this creates uncertainty and stock markets usually don’t do well with uncertainties. Past few weeks performance may be a result of the anticipated uncertainty as companies despite beating earnings estimates have had their stock value decline.
Last week we mentioned AMZN, FB, AAPL and GOOG may decline even when they were expected to beat earnings estimate. All except GOOG declined but GOOG also gave back 1/2 of its intraday gains to close up 3.4% on Friday.
This week Paypal, Square, & Uber will report their earnings. They are all expected to beat the estimates. Combined with the uncertainties around the elections and the behavior of the market in the past few weeks short terms traders should expect these stocks decline after they report.
Click on the ticker links below for earnings estimates and whispers on expected earnings. Another long list this week.
| Monday, November 2, 2020 |
PayPal Holdings, Inc.(PYPL) – After Market
Ingersoll Rand PLC(IR) – After Market
Loews Corp.(L) – Before Market
Transocean(RIG) – After Market
Waste Management Inc.(WM) – Before Market
CDW Corporation(CDW) – Before Market
Horizon Pharma(HZNP) – Before Market
trivago N.V.(TRVG) – After Market
Douglas Emmett(DEI) – After Market
US Foods(USFD) – Before Market |
| Tuesday, November 3, 2020 |
Humana Inc.(HUM) – Before Market
Prudential Financial(PRU) – After Market
Athene Holding(ATH) – Before Market
Thomson Reuters(TRI) – Before Market |
| Wednesday, November 4, 2020 |
Expedia Group(EXPE) – After Market
Verisk Analytics(VRSK) – After Market
Allstate Corp(ALL) – After Market
Apache Corporation(APA) – After Market
CF Industries Holdings Inc(CF) – After Market
Marathon Oil Corp.(MRO) – After Market
MetLife Inc.(MET) – After Market
Public Storage, Inc.(PSA) – After Market
ACADIA Pharmaceuticals Inc.(ACAD) – After Market
Mannkind(MNKD) – After Market
Wendys(WEN) – Before Market
Zynga Inc(ZNGA) – After Market
Cameco(CCJ) – Before Market
Fidelity Financial(FNF) – After Market
Fitbit, Inc.(FIT) – After Market
Godaddy Inc(GDDY) – After Market
Hilton Worldwide(HLT) – Before Market |
| Thursday, November 5, 2020 |
Monster Beverage(MNST) – After Market
T-Mobile US(TMUS) – After Market
American International Group, Inc.(AIG) – After Market
Bristol Myers Squibb(BMY) – Before Market
CIGNA Corp.(CI) – Before Market
Discovery Communications-A(DISCA) – Before Market
Discovery Communications-C(DISCK) – Before Market
Duke Energy(DUK) – Before Market
General Motors(GM) – Before Market
Iron Mountain Incorporated(IRM) – Before Market
Nielsen Holdings(NLSN) – Before Market
NRG Energy, Inc.(NRG) – Before Market
Sempra Energy(SRE) – Before Market
Caesars Entertainment(CZR) – After Market
Groupon Inc(GRPN) – After Market
Office Depot(ODP) – Before Market
Primo Water(PRMW) – Before Market
Zillow(Z) – After Market
Dropbox(DBX) – After Market
ADT Inc.(ADT) – After Market
Endeavour Silver(EXK) – Before Market
Hanesbrands(HBI) – Before Market
Herbalife(HLF) – After Market
Live Nation Entertainment(LYV) – After Market
NewYork Times(NYT) – Before Market
Park Hotels & Resorts(PK) – After Market
Square Inc(SQ) – After Market
Vonage(VG) – Before Market
Uber Technologies Inc(UBER) – After Market |
| Friday, November 6, 2020 |
Marriott International, Inc.(MAR) – Before Market
CVS Caremark Corp.(CVS) – Before Market
The Hershey Company(HSY) – Before Market
Icahn Enterprises(IEP) – Before Market
Magna Intl(MGA) – Before Market
ViacomCBS Inc. Class B(VIAC) – Before Market |
The following is a list of stocks for the week of Oct 26, 2020 – Oct 30, 2020 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker |
Company Name |
Date |
Chart Type |
RSI |
| GSX |
GASCO ENERGY |
Oct 26, 2020 |
Piercing Line |
28.89 |
| MA |
Mastercard Inc. |
Oct 29, 2020 |
Homing Pigeon |
24.44 |
| FTI |
FMC Technologies Inc. |
Oct 29, 2020 |
Piercing Line |
29.24 |
| GPN |
Global Payments |
Oct 29, 2020 |
Inverted Hammer |
28.42 |
| UGP |
Ultrapar Participacoes |
Oct 29, 2020 |
Piercing Line |
26.85 |
The bearish matches – Overbought RS
| Ticker |
Company Name |
Date |
Chart Type |
RSI |
| WAL |
Western Alliance |
Oct 26, 2020 |
Harami Cross |
73.43 |
| FOLD |
Amicus Therapeutics |
Oct 27, 2020 |
Deliberation |
80.86 |
| KOD |
Kodiak Sciences Inc |
Oct 27, 2020 |
Deliberation |
90.14 |
| SFIX |
Stitch Fix Inc |
Oct 29, 2020 |
Deliberation |
75.88 |
