Superstock Investor
Morning Briefing

Thursday, May 21, 2020

Morning Matters:

Weekly Charts Updated

Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG,LQD and recently GLD. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class.

CHARTS UPDATED BY THE OPEN

U.S. Equity indexes are now all negative. Emerging Markets are now negative as well. The U.S. Dollar has rallied. Bond ETFs are mixed with TLT up and LQD as well as HYG. GLD is the ETF that tracks the price of gold is now mixed./p>

Remember what matters is the slope of the 50 day moving average not the 50 day moving average itself. As mentioned above, bond holders should be defensive for the time being. That said, we note the dollar is in rally mode.

All charts are created from www.erlangerchartroom.com and if interested in using this indicator in Chart Room please feel free to send us an email by using the Contact Us section from the home page.

Charts courtesy of www.erlangerchartroom.com

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Market Matters:

Stocks Lower This Morning With S&P 500 -12

IPOs on deck: SelectQuote (SLQT) prices IPO at $20 a share above expected range of $17-$19.

IPOs Filed:  None of note.

Secondaries Priced: CSGP AVTR FSLY BDX FLXN  of note.

Notes Priced of note: BDX CYRX of note.

Common Stock filings: FLXN  SCPH KDP BSX  of note.

Mixed Shelf Offerings: LMAT of note.

Convertible Offering Files: UA BSX FIVN of note.

Senior Notes FiledNone of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

NDSN +0.32, SNPS +0.23, ZTO +0.12, HUYA +0.08, YY +0.06 of note.

Misses: 

EXPE (0.46), LB (0.28), SCVL (0.19), TTWO (0.17), BOOT (0.08), SKY (0.08), CPRT (0.05) of note.

Gap Up: ACB +31%, HVT +8%, HWKN +5%, SCVL +5%, TNK +4%, ORIC +4% 

Gap Down: SCPH -18%, FLXN -12%, ZTO -8%, RUTH -8%, HUYA -6%, GLPG -6%, YY -5%, TTWO -5%, FSLY -4%, BSX -4%, KDP -4%

Hourly Action This Past Week: Updated 5/19 Close

News After The Close (In Order)

Gilead Sciences (GILD) and Galapgos NV (GLPG) announce positive top line results on Pahse 2b & 3 trials for moderate to severe ulcerative colitis.

Walt Disney (DIS) is not presenting reopening plans to Florida as was previously reported.

Supreme Court blocks Congress from receiving grand jury materials from Mueller investigation.

Canadian Goos (GOOS) cuts 250 jobs.

Lowers Guidance: TTWO SNPS (Q2) 

Raises Guidance: 

Withdraws 2020 Guidance: 

Dividend Increase: EQH

Dividend Cut or Suspended: NOV

Share Buyback Announcements: PLUS

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

S&P 500 -7 Dow Jones Industrial Average-64 NASDAQ -10 Russell 2000 +1.27 Fair values are lower.  Asia and Europe lower.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $139.14 from $138.94 with yields at 0.66% from 0.719%.

Positive Sectors On Wednesday: Energy, Financial and Technology of note.

Negative Sectors On Wednesday: None of note.

One Month Winners: Technology, Healthcare and Communication Services of note.

Three Month Winners: None of note.

Six Month Winners:  Healthcare and Technology of note.

Twelve Month Winners: Healthcare, Technology and Communication Services of note.

Year to Date: None of note.

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

Today After The Close: NVDA INTU ROST A SPLK PANW HPE HTHT DECK PRSP RAMP VSAT ELF PLT of note.

Friday Before The Open: BABA DE PDD CPB CAKE CAE FL DOYU BKE HIBB of note.

Earnings This Morning Of Note

Beat:

 TNK +0.36, BJ +0.32, BBY +0.26, AINV +0.14, DAVA +0.01 of note.

Missed:

MANU (4.43), MDT (0.19), WMS (0.14), TGP (0.08), BRC (0.01), HRL (0.01) of note.

Still to Report: TJX USPH

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

5 Things To Know To Start Your Day. (Bloomberg)

Stocks Making The Biggest( Moves. CNBC)

5 Things To Know To Start Your Thursday. (CNBC)

Coronavirus update: U.S. cases above 1.5 million.

U.S. Coronavirus Map update.

IHME raises mid point guidance for U.S. COVID-19 deaths through August 4th to 147,040 from 137,184 deaths on May 18th.

New outbreak in China prompts a new lockdown. (WSJ)

Global COVID-19 cases hit 5 million. (Johns Hopkins & CNBC)

White House issues report critical of China's economic and military policies. (Whitehouse.gov)

Senate Majority Leader McConnell says no unemployment benefits in the next stimulus bill. (Politico)

Wall Street firms to have employees spaced out in suburban offices and home with low percentage at headquarters. (Bloonberg)

AstraZeneca (AZN) CEO interviewed on CNBC and hopes to have COVID-19 vaccine Phase 3 data in August with vaccine available by October, receives $1 billion from U.S. (CNBC)

NBA to make announcement on June 1 about return for players. (ESPN)

Stock Index Tracking

Current through 5/20 close.  

Bold means a change from prior day.

The advance/decline line model moved to cash last Friday. Updated through 5/20  close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 5.25% with the S&P 500 lower by -11.36% through Friday 5/15. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy gained 12.89% through Thursday’s close. 

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. Updated through 5/19 close. EVL Ranges remain above normal and are highlighted in blue had started to drop but the action the last couple of days ended that possibility.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

May Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to come in at -43 from -56.6.

April Existing Home Sales is due out at 10:00 a.m. EDT and is expected to fall to 4.23 million from 5.27 million.

April Leading Indicators is due out at 10:00 a.m. EDT and is expected to improve to -5.3% from -6.7%.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Geopolitical & Related

President Trump will head to Michigan and visit the Ford (F) Rawsonville Plant at 2:00 p.m. EDT. The $64,000 question is will he or won't he wear a mask? It is Michigan law that masks be worn on the factory floor and the Michigan Attorney General intends to enforce the law.

Federal Reserve  President speaks at 10:00 a.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:   (Investor/Analyst Meeting)   (Webcast)  (Update)

Sellside Conferences: B. Riley Annual Conference (5/19-5/21). Wolfe Transportation Transportation Conference (5/19-5/21). Wells Fargo Financial Services Conference (5/20-5/21).

Industry Conferences:

M&A

Aurora Cannabis (ACB) buys Reliva in all stock deal fro $40 million.

Upgrades & Downgrades:

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Today's Superstock Investor Stock Scorecard:

Ford Motor Company (F)
by Superstock Investor


 

Yesterday I was looking at Ford Motor (F) which is in a three month base at $5. Current price is $5.49. Worth a look?

Company Information

Company: Ford Motor Company
Sector: Automobiles & Components
Industry: Automobile Mfg
Market Cap:  $37,066,800,000

Targets

  Price %Gain  
Current Price $8.70    
Price Target $7.40 -17.7%  
Upper Bound $9.24 6.3%  
Lower Bound $6.29 -27.8%  

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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