Superstock Investor
Morning Briefing

Friday, January 03, 2020

Morning Matters:

Morning Matters Portfolio 2019 Final Results

For 2019, the S&P 500 gained 28.88% while the Russell 2000 gained 23.72%. The Morning Matters Portfolio gained 18.23% for the year. We are now 67% invested which in theory means the portfolio should be up 19.34% if the S&P 500 is up 28.88%. So we are now lagging our benchmark relative to the percentage invested.

The portfolio is now 67% invested long, 0% short and 33% in cash, net long 67%. For 2017, the value of the portfolio was 970.84%. For last week. Run as 12 stock portfolio it is up 506.90% through year end.

For a listing of all trades both open and closed simply look under Portfolio on the left hand side of the website.

Current names include Ford (F) Viacom (VIAC) Blackberry (BB) China via FXI AT&T (T) Micron (MU) Google (GOOGL) and Walt Disney Inc. (DIS).

Dividends are not included in our results unless there is a special one time payment.

We positioned in late December of 2018 that, "Markets are setting up for an epic buying opportunity last seen in 2015 or 2011". That has proven to be correct but the easy money is in. We will weigh in on 2020 over the weekend.

For the first day of the year the portfolio gained 0.90%! A good start to the year.

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Market Matters:

Futures Getting Crushed This Morning

IPOs on deck:  None of note.

IPOs Filed: None filed after the close.

Secondaries Priced:  None of note.

Notes Priced: None of note.

Common Stock filings:  DMTK of note.

Mixed Shelf Offerings:  VEC of note.

Convertible Offering Files:  None of note.

Senior Notes Filed None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

RECN +0.06  of note.

Missed:

LNDC -0.10 of note.

Hourly Action This Week: Updated 1/2

News After The Close (In Order of Time)

NuVasive (NUVA) names Matthew Harbaugh as CFO.

Pacific Biosciences (PACB) and Illumina (ILMN) cancel merger agreement.

Incyte (INCY) GRAVITAS -301 results with itacitinib did not improve response rate.

U.S. air strike kills Iranian Major-General Qassem Soleimani head of the elite Quds Force and Iraqi militia commander Abu Mahdi al Muhandis.

Stock Repurchase Announcements: CS of note.

Dividend Increase: OZK ALG LSI of note.

Gap Higher:   ACOR +13% HMY +5% PACB +5% USO +4% AUY +4%.

Gap Lower: INCY -11% BNTX -4% LNDC -4%.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 -35 Dow Jones Industrial Average -278 NASDAQ -117 Russell 2000 -19. Fair values are lower. Asia mixed and Europe lower.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $129.14 from $128.44 with yields at 1.825% from 1.91%. Prices as of 8:30 a.m. EDT.

Positive Sectors On Thursday: Industrials, Technology and Services of note.

Negative Sectors On Thursday: Utilities of note.

One Month Winners: Healthcare, Materials, Energy, Consumer Goods and Technology.

Three Month Winners: Healthcare, Consumer Goods and Technology.

Six Month Winners: Consumer Goods, Healthcare, Technology and Financials.

Twelve Month Winners: Technology, Industrials and Services.

Year to Date: Consumer Goods, Technology, Industrials, Technology, Services and Financials.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close:  

None of note.

Monday Before The Open:

 CALM CMC of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:   

None of note.

Still to Report:

Rags & Mags: Highlighted Stories may be clicked through to the original story.

Top News Story:  President Trump ordered the drone strike that killed Iranian Major-General Qassim Suleimani, Iran to retaliate.

President Trump warns Turkey not to interfer in Libya. (FT)

Anixter (AXE) sees WESCO (WCC) up bid to $97.00 a share.

Tesla (TSLA) lowers the cost of Model 3 in China by 16%.

There are no links this morning due to travel. They will return on Monday.

Stock Index Tracking

All  stock indexes remain strong but the 5 day moving averages have failed. Current through 1/2.

Bold means a change from prior day.

The advance/decline line model is now a buy though it is struggling with the recent action. Updated through 1/2. In 2019, the model up 16.48% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 9.88%.

YTD 65% (+1% change week over week) of stocks are higher and 35% are lower. Updated  through 12/27 close.

Courtesy of Phil Erlanger Research, Inc.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Update through 1/2. Notice the strength.

Economic & Related:

November Construction Sales are due out at 10:00 a.m. EDT and are expected to improve to 0.3% from -0.8%.

December ISM Manufacturing is also due out at 10:00 a.m. EDT and is expected to rise to 49 from 48.1.

Weekly Crude Oil and Natural Gas Inventories are due out at 11:00 a.m. EDT and 10:30 a.m. EDT respectively.

The latest Federal Reserve Open Market Committee (FOMC) minutes due out at 2:00 p.m. EDT.

Geopolitical:      

President Trump will speak in Miami at 5:00 p.m. EDT. Watch for impromptu press conference due to airstrike.

Conferences & Analyst Meetings: 

Investor/Analyst Days & Conference Calls of Note:  None of note.

Sellside Conferences: None of note.

Industry Conferences: None of note.

M&A Activity

Pacific Biosciences (PACB) and Illumina (ILMN) cancel merger agreement.

 

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Today's Superstock Investor Stock Scorecard:

Whiting Petroleum Corporation (WLL)
by Superstock Investor


 

Whiting Petroleum (WLL) is down a ton in the last year as it peaked at $50 and is now at $7.23. Is there value?

Company Information

Company: Whiting Petroleum Corporation
Sector: Energy
Industry: Oil & Gas Explor_Prod
Market Cap:  $4,629,246,300

Targets

  Price %Gain  
Current Price $24.59    
Price Target $23.36 -5.3%  
Upper Bound $29.20 18.8%  
Lower Bound $19.86 -19.3%  

Stock data last updated 03/19/2019.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.

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