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 |