Between the Hedges
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Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Between the Hedges
11h ago
Night Trading
Asian equity indices are -1.0% to unch. on average.
Asia Ex-Japan Investment Grade CDS Index 113.25 +1.0 basis point.
China Sovereign CDS 71.75 +1.75 basis points.
China Iron Ore Spot 119.0 USD/Metric Tonne +.9%.
Bloomberg Emerging Markets Currency Index 39.2 unch.
Bloomberg Global Risk-On/Risk Off Index 69.0 +1.3%.
Volatility Index(VIX) futures 16.1 +3.2%.
Euro Stoxx 50 futures n/a.
S&P 500 futures -.62%.
NASDAQ 100 futures -1.14%.
Morning Preview Links
BOTTOM LINE: Asian indices are modestly lower, weighed down by industrial and technology shares ..read more
Between the Hedges
16h ago
Economic Gauges:
Bloomberg Emerging Markets Currency Index 39.2 -.06%
3-Month T-Bill Yield 5.41% +1.0 basis point
China Iron Ore Spot 118.7 USD/Metric Tonne +.7%
Dutch TTF Nat Gas(European benchmark) 29.0 euros/megawatt-hour +2.1%
Citi US Economic Surprise Index 20.1 -8.3 points
Citi Eurozone Economic Surprise Index 32.7 +3.1 points
Citi Emerging Markets Economic Surprise Index 30.6 -1.5 points
S&P 500 Current Quarter EPS Growth Rate YoY(138 of 500 reporting) +4.8% -2.0 percentage points
S&P 500 Blended Forward 12 Months Mean EPS Estimate 252.43 -.23: Growth Rate +13.2 ..read more
Between the Hedges
16h ago
Style Underperformer:
Small-Cap Value -.5%
Sector Underperformers:
1) Road & Rail -3.1% 2) Airlines -2.7% 3) Homebuilding -1.3%
Stocks Falling on Unusual Volume:
FRO, SAIA, BA, EVR, RCI, XPO, GD, LAD, CNI, FTV, CSTM, BXMT, ENPH, CP, SPOT, DAWN, TDY, HELE, SLAB, MANH, ODFL and EDU
Stocks With Unusual Put Option Activity:
1) ACAD 2) HCP 3) PCG 4) GEV 5) HBAN
Stocks With Most Negative News Mentions:
1) EDU 2) TDY 3) AVXL 4) PLUG 5) LAD
Sector ETFs With Most Negative Money Flow:
1) XLI 2) VGT 3) XOP 4) XLE 5) XLF
Charts:
ETFs Falling on Unusual Volume
Stocks Falling on Un ..read more
Between the Hedges
16h ago
Style Outperformer:
Large-Cap Growth +.3%
Sector Outperformers:
1) Semis +1.0% 2) I-Banking +.8% 3) Networking +.8%
Stocks Rising on Unusual Volume:
RILY, CGEM, TSLA, HAS, BILI, WAB, MNDR, VRT, LRN, SAGE, HCP, CSGP, DJT, WSO, GL, BSX, TCMD, VIRT, TXN, TRMK, ON, STM, STOK, EVER, EQT, KMPR, POWL, VERX, TRML, HLT, ITGR, CRTO, SA, TTD, SYF, AMBA, NXPI, WFRD, ZTO, BIIB, RIOT, ADI, MAT, RRC, PEP, EQR, KLG and LKQ
Stocks With Unusual Call Option Activity:
1) HCP 2) NSC 3) PCG 4) TXN 5) TAN
Stocks With Most Positive News Mentions:
1) WAB 2) VRT 3) BSX 4) HLT 5) SYF
Sector ETFs With Most ..read more
Between the Hedges
19h ago
Earnings of Note
Company/Estimate
Before the Open:
(MO)/1.15
(AAL)/-.27
(AZN)/.96
(BMY)/-4.43
(CARR)/.50
(CAT)/5.14
(CMCSA)/.99
(DOW)/.45
(FCN)/1.87
(HOG)/1.51
(HTZ)/-.45
(HES)/1.71
(HON)/2.17
(IP)/.22
(KDP)/.35
(LH)/3.48
(MRK)/1.90
(MBLY)/-.06
(NEM)/.36
(NOC)/5.78
(OSK)/2.25
(RCL)/1.33
(LUV)/-.34
(STRA)/.58
(TSCO)/1.72
(TPH)/.76
(UNP)/2.51
(VLO)/3.22
(XEL)/.77
After the Close:
(AEM)/.60
(AB)/.71
(GOOG)/1.51
(APPF)/.88
(AVB)/2.65
(SAM)/-.03
(BYD)/1.58
(COF)/3.25
(DXCM)/.27
(GILD)/-1.51
(INTC)/.14
(JNPR)/.41
(KLAC)/4.97
(LHX)/2.91
(MSFT)/2.82
(MHK)/1.68
(RHI)/.61
(SKYW ..read more
Between the Hedges
19h ago
NYSE Composite Index:
Volume Running -10.8% Below 100-Day Average
Nasdaq/NYSE Volume Ratio 10.5 +.1
7 Sectors Declining, 4 Sectors Rising
26.7% of Issues Advancing, 70.4% Declining
TRIN/Arms .91 -29.5%
Non-Block Money Flow -$236.1M
42 New 52-Week Highs, 15 New Lows
56.6% (-.2%) of Issues Above 200-day Moving Average
Average 14-Day RSI 48.0 -1.0
Other:
Bloomberg Global Risk-On/Risk-Off Index 68.1 +2.2%
Bloomberg Cyclicals/Defensives Pair Index 141.7 +.07%
Russell 1000: Growth/Value 18,755.3 +.51%
CNN Fear & Greed Index 41.0 (Fear) +1.0
1-Day Vix 11.6 unch.
Vix 16.1 +2.6%
Tot ..read more
Between the Hedges
1d ago
Night Trading
Asian equity indices are +.75% to +1.75% on average.
Asia Ex-Japan Investment Grade CDS Index 112.25 unch.
China Sovereign CDS 70.0 unch.
China Iron Ore Spot 114.3 USD/Metric Tonne +1.30%.
Bloomberg Emerging Markets Currency Index 39.3 +.03%
Bloomberg Global Risk-On/Risk Off Index 68.7 +3.0%.
Volatility Index(VIX) futures 15.7 -.9%.
Euro Stoxx 50 futures +.16%.
S&P 500 futures +.21%.
NASDAQ 100 futures +.60%.
Morning Preview Links
BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US ..read more
Between the Hedges
2d ago
Style Underperformer:
Large-Cap Value +.8%
Sector Underperformers:
1) Steel -2.9% 2) Airlines -.9% 3) Electric Vehicles -.1%
Stocks Falling on Unusual Volume:
PKG, CALX, WBS, WRB, IVZ, VERX, CART, NUE, SSD, CLF, XRX, LKQ and MSCI
Stocks With Unusual Put Option Activity:
1) LSXMK 2) HTZ 3) GSM 4) CYTK 5) CORT
Stocks With Most Negative News Mentions:
1) JBLU 2) LKQ 3) XRX 4) NUE 5) SPWR
Sector ETFs With Most Negative Money Flow:
1) GDX 2) XOP 3) ARKK 4) KWEB 5) XLE
Charts:
ETFs Falling on Unusual Volume
Stocks Falling on Unusual Volume ..read more
Between the Hedges
2d ago
Style Outperformer:
Small-Cap Growth +2.2%
Sector Outperformers:
1) Homebuilding +3.4% 2) Alt Energy +3.2% 3) Disk Drives +3.0%
Stocks Rising on Unusual Volume:
HIBB, SPOT, GL, FUTU, R, SNBR, DAWN, LFMD, AY, NEB, MEDP, DHR, CGEM, GATO, GE, RIOT, KMB, AVAV, GM, SAP, DGX, FL, PHM, BHVN, TME, HAS, SPHR, VCTR, ALCC, NSSC and OPCH
Stocks With Unusual Call Option Activity:
1) SGMO 2) BSX 3) PR 4) APH 5) HTZ
Stocks With Most Positive News Mentions:
1) HIBB 2) KMB 3) SPOT 4) GE 5) DHR
Sector ETFs With Most Positive Money Flow:
1) SMH 2) MLPX 3) XLF 4) VGT 5) XLU
Charts:
ETFs Rising ..read more
Between the Hedges
2d ago
Earnings of Note
Company/Estimate
Before the Open:
(T)/.54
(BIIB)/3.45
(BA)/-1.63
(BSX)/.51
(BG)/2.53
(CME)/2.45
(GD)/2.91
(HAS)/.27
(HLT)/1.41
(HUM)/6.12
(NSC)/2.91
(ODFL)/1.34
(OTIS)/.87
(OC)/3.07
(TDY)/4.63
(TMO)/4.71
After the Close:
(ALGN)/1.97
(CACI)/5.63
(CMG)/11.69
(ETD)/.64
(F)/.43
(IBM)/1.60
(KNX)/.30
(LRCX)/7.30
(MTH)/3.55
(META)/4.32
(MOH)/5.68
(ORLY)/9.27
(RJF)/2.30
(NOW)/3.14
(URI)/8.37
(WHR)/1.67
(WH)/.74
(FWRD)/.02
(ROK)/2.15
(SAVE)/-1.44
Economic Releases
8:30 am EST
Durable Goods Orders for March is estimated to rise +2.5% versus a +1.3% gain in Fe ..read more