The Prepared Mind: April 11, 2016

"Chance favors the prepared mind." -- Louis Pasteur

“Chance favors the prepared mind.” — Louis Pasteur

By Frank Fahey

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” — Sir John Templeton

“Imagination will often carry us to worlds that never were. But without it we go nowhere.” –  Carl Sagan

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros

The equity markets were skittish last week.  The major indexes were all down over 1% for the week.   The decline was variously blamed on  profit taking after the previous week’s 2% gain,  a much stronger Japanese Yen, a loss of confidence in central banks’ ability to move economic growth upwards.  First quarter earnings will influence the direction of the market in the near term.  Earnings have been flat or down the past three quarters.  Analysts’ expectations are for more of the same.

Crude oil price has been decoupled from index movement for the second straight week.   I have added crude oil to my table of index prices and volatilities.  The price of crude oil is currently a very important part of all discussions on movement of prices of equity indexes.

Here is The Prepared Mind video for this week:

The 14 day Average True Range for the SPX has been declining the past two months.   It has declined from near 50 in early February to a current level of just over 25.  At the beginning of the week, the ATR was just under 21.   The “skittishness” or wider daily trading range was reflected in the closing ATR for last week.

Here is an overview of the market behavior last week:

Index 8-Apr Weekly Change % Weekly  2015 YTD Volatility of  Index
Dow Jones Industrials (DJIA) 17,576.96 (215.79) -1.21% 0.87% 15.33% (VXD)
S&P 500 (SPX) 2,047.60 (25.18) -1.21% 0.18% 15.36% (VIX)
NASDAQ 100 (NDX) 4,474.94 (60.17) -1.33% -2.66% 18.48% (VXN)
Russell 2000 (RUT) 1,097.57 (18.77) -1.68% -3.20% 19.88% (RVX)
S&P 100 (OEX) 909.03 (10.30) -1.12% -0.26% 15.48% (VXO)
Crude Oil (CL K6) 39.72 3.09 8.44% 7.15% 47.42%(OVX)
CBOE Volatility Index (VIX) 15.36 2.26 17.25% NA  

Data Source: OptionVue7

Volatility, as measured by the VIX, was higher last week.  This reflected the across the board 1% decline in the major equity indexes.  I amadding SKEW to my VIX table.  SKEW is not tradable.  SKEW, according to the CBOE, is:  The CBOE Skew Index – referred to as “SKEW” – is an option-based indicator that measures the perceived tail risk of the distribution of S&P 500 log returns at a 30- day horizon. Tail risk is the risk associated with an increase in the probability of outlier returns, returns two or more standard deviations below the mean…. The CBOE Skew IndexSM – referred to as “SKEW” – is an option-based indicator that measures the perceived tail risk of the distribution of S&P 500® log returns at a 30- day horizon. Tail risk is the risk associated with an increase in the probability of outlier returns, returns two or more standard deviations below the mean.”

Here is an overview of last week for the VIX and related products:

Indexes Ticker 8-Apr 1-Apr Change % Change
CBOE Volatility Index VIX 15.36 13.10 2.26 17.25%
VIX April Future (4/20/2016) VXH6 16.675 15.425 1.250 8.10%
VIX May  Future (5/18/2016) VXJ6 18.525 17.750 0.775 4.37%
VIX June  Future (6/15/2016) VXM6 19.325 18.025 1.300 7.21%
CBOE Short-term Volatility Index VXST 13.59 10.92 2.67 24.45%
CBOE 3 Month Volatility Index VXV 18.32 16.50 1.82 11.03%
CBOE Mid-term Volatility Index (6 month) VXMT 20.26 18.58 1.68 9.04%
VIX of VIX VVIX 89.73 81.57 8.16 10.00%
CBOE SKEW Index SKEW 113.84 122.03 (8.19) -6.71%
Long VIX ETP’s          
 iPath S&P 500  VIX Short Term Futures ETN VXX 18.46 17.12 1.34 7.83%
ProShares VIX Short Term Futures ETF VIXY 12.23 11.32 0.91 8.04%
 iPath S&P 500  VIX Mid-Tem Futures ETN VXZ 11.25 10.70 0.55 5.14%
Inverse VIX ETP’s          
ProShares Short VIX Short Term Future ETF SVXY 47.32 52.00 (4.68) -9.00%
Daily Inverse VIX Short Term ETN XIV 24.22 26.61 (2.39) -8.98%

Data Source: OptionVue7

 

The focus for the upcoming week is prices in the US, China and the EU.  Analysts will be deconstructing the release of different economy’s PPI’s and CPI’s to determine domestic and global inflation risk.  Last week’s increase in oil prices is expected to give a boost to these numbers along.  The increase in crude is also expected to provid a lift to Import and Export Prices which is released on Tuesday. The US and China will be releasing reports on industrial production and retail sales.  The reports will provide additional data points for those looking for indicators of future inflationary activity.  Industrial Production and Retail Sales reports with are expected to show slowing in manufacturing.

The first quarter earnings season starts on Monday with the earnings announcement by Alcoa (AA) on April 11.  Alcoa’s announcement has been historically regarded as the beginning of the earnings season.  It is time to start preparing target equities and strategies for the next earning cycle.  The earnings season has started.  The earnings highlights this week for widely held and actively traded stocks are:  Alcoa, Perry Ellis, CSX, Washington Federal, JP Morgan Chase, Bank of America, Delta Air Lines, Wells Fargo, PNC, Charles Schwab, Reynolds American, Seagate, CitiGrp and Regions Financial.   Announcement dates and times can and do change.  It is your responsibility to confirm these times.

The following table will assist you in preparing for the upcoming earnings announcement cycle.  OptionVue7 has the ability to identify stocks 30 days out with a new enhanced Earnings Search feature.  I have done a quick search 7 to 28 days forward for candidates for double calendars. I generally put on earnings double calendars anywhere from one week to thirty days in advance of the announcement.   I usually take the calendars off at the last possible moments prior to the announcement.  I make the final decision exit prior to announcement or hold through the announcement on the last trading day prior to announcement.

Here are the results of my initial scan for double calendar candidates.  You should further filter any of the stocks with your own risk/reward criteria.  This scan is available as a PDF.  Contact me a fjfahey@gmail.com if you would like it sent to you.

Symbol Company Name April 1 Close IV30 B/A DATE
HAS Hasbro, Inc. $78.46 30.62 BMO 18-Apr
IBM International Business Machines Corp. $148.25 28.86 AMC 18-Apr
NFLX Netflix, Inc. $104.45 63.17 AMC 18-Apr
CMA Comerica Incorporated $36.55 36.04 BMO 19-Apr
DFS Discover Financial Services $50.26 25.02 BMO 19-Apr
GS Goldman Sachs Group Inc $150.41 29.37 BMO 19-Apr
HOG Harley-Davidson Inc $44.50 41.11 BMO 19-Apr
KSU Kansas City Southern $85.27 33.59 BMO 19-Apr
NTRS Northern Trust Corporation $63.02 28.17 BMO 19-Apr
PRGO Perrigo Company PLC $131.37 32.59 BMO 19-Apr
IBKR Interactive Brokers Group, Inc. $37.84 30.23 AMC 19-Apr
ISRG Intuitive Surgical, Inc. $614.78 32.64 AMC 19-Apr
LLTC Linear Technology Corporation $43.99 26.65 AMC 19-Apr
VMW VMware, Inc. $50.84 43.83 AMC 19-Apr
YHOO Yahoo! Inc. $36.17 50.72 AMC 19-Apr
ARMH ARM Holdings plc (ADR) $43.75 31.18 BMO 20-Apr
CHKP Check Point Software Technologies $85.64 26.43 BMO 20-Apr
CP Canadian Pacific Railway Limited $130.02 33.82 BMO 20-Apr
SAP SAP SE (ADR) $77.27 25.66 BMO 20-Apr
SIX Six Flags Entertainment Corp $59.11 29.48 BMO 20-Apr
TXT Textron Inc. $36.87 29.05 BMO 20-Apr
AXP American Express Company $58.86 26.51 AMC 20-Apr
FFIV F5 Networks, Inc. $97.72 37.95 AMC 20-Apr
LVS Las Vegas Sands Corp. $50.22 34.96 AMC 20-Apr
NOW ServiceNow Inc $64.02 56.55 AMC 20-Apr
QCOM QUALCOMM, Inc. $50.03 33.61 AMC 20-Apr
RJF Raymond James Financial, Inc. $44.48 31.62 AMC 20-Apr
TUP Tupperware Brands Corporation $57.35 37.27 AMC 20-Apr
URI United Rentals, Inc. $57.95 49.91 AMC 20-Apr
YUM Yum! Brands, Inc. $81.27 31.46 AMC 20-Apr
AAL American Airlines Group Inc $38.36 34.90 BMO 21-Apr
ALK Alaska Air Group, Inc. $78.28 32.27 BMO 21-Apr
ALXN Alexion Pharmaceuticals, Inc. $148.03 43.39 BMO 21-Apr
BIIB Biogen Inc $273.04 43.52 BMO 21-Apr
BK Bank of New York Mellon Corp $35.67 26.30 BMO 21-Apr
DOV Dover Corp $62.72 28.86 BMO 21-Apr
JCI Johnson Controls Inc $37.83 25.13 BMO 21-Apr
LUV Southwest Airlines Co $43.65 33.31 BMO 21-Apr
NUE Nucor Corporation $46.56 27.12 BMO 21-Apr
PII Polaris Industries Inc. $91.64 41.96 BMO 21-Apr
PNK Pinnacle Entertainment, Inc $35.56 34.04 BMO 21-Apr
RCL Royal Caribbean Cruises Ltd $80.27 38.28 BMO 21-Apr
SHW Sherwin-Williams Co $292.73 25.88 BMO 21-Apr
SLB Schlumberger Limited. $72.01 26.61 BMO 21-Apr
SNA Snap-on Incorporated $155.29 26.10 BMO 21-Apr
UAL United Continental Holdings Inc $53.16 36.53 BMO 21-Apr
UNP Union Pacific Corporation $78.00 27.63 BMO 21-Apr
AMZN Amazon.com, Inc. $591.43 46.41 AMC 21-Apr
GOOG Google  Inc. $740.28 29.42 AMC 21-Apr
GOOGL Alphabet Inc $760.12 29.59 AMC 21-Apr
HA Hawaiian Holdings, Inc. $47.31 47.14 AMC 21-Apr
MSFT Microsoft Corporation $54.46 27.88 AMC 21-Apr
MXIM Maxim Integrated Products Inc. $36.37 32.53 AMC 21-Apr
NSC Norfolk Southern Corp. $80.10 32.91 AMC 21-Apr
SYNA Synaptics, Incorporated $75.79 56.05 AMC 21-Apr
AN AutoNation, Inc. $45.12 33.91 BMO 22-Apr
CAT Caterpillar Inc. $74.17 32.32 BMO 22-Apr
LYB LyondellBasell Industries NV $84.39 33.34 BMO 22-Apr
STI SunTrust Banks, Inc. $35.35 27.90 BMO 22-Apr
HAL Halliburton Company $36.25 35.01 BMO 25-Apr
PTR PetroChina Company Limited (ADR) $61.95 36.20 BMO 25-Apr
SOHU Sohu.com Inc $48.42 40.28 BMO 25-Apr
AAPL Apple Inc. $108.54 30.70 AMC 25-Apr
ESRX Express Scripts Holding Co $70.05 29.57 AMC 25-Apr
PXD Pioneer Natural Resources $141.78 42.67 AMC 25-Apr
CNC Centene Corp $61.92 38.51 BMO 26-Apr
COH Coach Inc $40.31 40.85 BMO 26-Apr
CRUS Cirrus Logic, Inc. $36.10 51.22 BMO 26-Apr
LLY Eli Lilly and Co $74.59 25.51 BMO 26-Apr
PCAR PACCAR Inc $52.42 29.41 BMO 26-Apr
R Ryder System, Inc. $60.48 37.60 BMO 26-Apr
SAVE Spirit Airlines Incorporated $45.91 44.23 BMO 26-Apr
VNTV Vantiv Inc $54.32 28.31 BMO 26-Apr
WYN Wyndham Worldwide Corporation $74.85 29.16 BMO 26-Apr
AKAM Akamai Technologies, Inc. $53.28 52.18 AMC 26-Apr
BWLD Buffalo Wild Wings $144.76 43.09 AMC 26-Apr
CHRW C.H. Robinson Worldwide, Inc. $71.85 25.97 AMC 26-Apr
CMG Chipotle Mexican Grill, Inc. $450.60 44.94 AMC 26-Apr
COF Capital One Financial Corp. $66.58 30.23 AMC 26-Apr
EW Edwards Lifesciences Corp $105.25 34.82 AMC 26-Apr
ILMN Illumina, Inc. $168.21 46.88 AMC 26-Apr
PNRA Panera Bread Co $210.30 28.85 AMC 26-Apr
ANTM Anthem Inc $143.42 28.00 BMO 27-Apr
BA Boeing Co $127.00 26.94 BMO 27-Apr
BHI Baker Hughes Incorporated $41.93 63.22 BMO 27-Apr
CFR Cullen/Frost Bankers, Inc. $51.93 39.15 BMO 27-Apr
GRMN Garmin Ltd. $39.57 31.51 BMO 27-Apr
HES Hess Corp. $52.90 43.24 BMO 27-Apr
IAC IAC/InterActiveCorp $45.78 37.83 BMO 27-Apr
IP International Paper Co $39.60 26.67 BMO 27-Apr
LEA Lear Corporation $103.80 28.22 BMO 27-Apr
MAR Marriott International Inc $65.53 26.23 BMO 27-Apr
QSR * Restaurant Brands International Inc. $38.33 34.99 BMO 27-Apr
RGLD Royal Gold, Inc USA) $51.61 47.46 BMO 27-Apr
STT State Street Corp $56.18 30.20 BMO 27-Apr
TMUS T-Mobile Us Inc $38.82 34.31 BMO 27-Apr
TOT Total SA (ADR) $44.14 26.62 BMO 27-Apr
FB Facebook Inc $113.64 42.69 AMC 27-Apr
MDLZ Mondelez International Inc $41.52 25.30 AMC 27-Apr
OTEX Open Text Corporation (USA) $52.50 34.17 AMC 27-Apr
SFLY Shutterfly, Inc. $45.63 36.63 AMC 27-Apr
TXN Texas Instruments Incorporated $57.15 26.14 AMC 27-Apr
VRTX Vertex Pharmaceuticals Incorporated $86.30 56.53 AMC 27-Apr
WRK WestRock Co $37.00 45.23 AMC 27-Apr
XLNX Xilinx, Inc. $46.14 30.09 AMC 27-Apr
ABBV AbbVie Inc $59.30 31.42 BMO 28-Apr
AET Aetna Inc $110.28 27.94 BMO 28-Apr
AGN Allergan plc $241.00 30.91 BMO 28-Apr
BC Brunswick Corporation $46.07 39.88 BMO 28-Apr
BMS Bemis Company, Inc. $50.53 25.13 BMO 28-Apr
CELG Celgene Corporation $107.11 32.90 BMO 28-Apr
CHTR Charter Communications, Inc. $203.91 35.09 BMO 28-Apr
COP ConocoPhillips $40.31 38.67 BMO 28-Apr
DPZ Domino’s Pizza, Inc. $136.26 28.48 BMO 28-Apr
ETN Eaton Corporation PLC $59.48 28.99 BMO 28-Apr
GWR Genesee & Wyoming Inc $57.90 40.13 BMO 28-Apr
INCY Incyte Corporation $79.40 59.26 BMO 28-Apr
MJN Mead Johnson Nutrition CO $84.14 37.12 BMO 28-Apr
SEE Sealed Air Corp $49.00 28.64 BMO 28-Apr
TSRO TESARO Inc $48.40 97.49 BMO 28-Apr
TWC Time Warner Cable Inc $204.68 31.41 BMO 28-Apr
UTHR United Therapeutics Corporation $112.97 48.83 BMO 28-Apr
WHR Whirlpool Corporation $180.44 33.08 BMO 28-Apr
AEM Agnico Eagle Mines Ltd (USA) $37.87 43.14 AMC 28-Apr
AMGN Amgen, Inc. $157.38 26.37 AMC 28-Apr
BERY Berry Plastics Group Inc $35.30 33.80 AMC 28-Apr
BIDU Baidu Inc (ADR) $182.53 44.63 AMC 28-Apr
BMRN BioMarin Pharmaceutical Inc. $87.79 57.09 AMC 28-Apr
DLPH Delphi Automotive PLC $71.20 32.36 AMC 28-Apr
ELLI Ellie Mae Inc $89.91 50.41 AMC 28-Apr
EMN Eastman Chemical Company $71.19 27.50 AMC 28-Apr
EXPE Expedia Inc $103.57 49.96 AMC 28-Apr
FLS Flowserve Corp $42.12 33.38 AMC 28-Apr
FSLR First Solar, Inc. $61.26 55.63 AMC 28-Apr
GILD Gilead Sciences, Inc. $95.57 27.74 AMC 28-Apr
HIG Hartford Financial Services Group Inc $45.12 25.79 AMC 28-Apr
IDCC InterDigital, Inc. $53.67 30.53 AMC 28-Apr
LNKD LinkedIn Corp $112.43 77.14 AMC 28-Apr
NBIX Neurocrine Biosciences, Inc. $45.26 54.65 AMC 28-Apr
OUTR Outerwall Inc $37.23 83.09 AMC 28-Apr
SWKS Skyworks Solutions Inc $77.31 45.60 AMC 28-Apr
TPX Tempur Sealy International Inc $58.06 48.03 AMC 28-Apr
VIAB Viacom, Inc. $38.27 44.66 AMC 28-Apr
WDC Western Digital Corp $43.25 54.72 AMC 28-Apr
WYNN Wynn Resorts, Limited $99.99 57.50 AMC 28-Apr
ALV Autoliv Inc. $109.77 28.40 BMO 29-Apr
NVO Novo Nordisk A/S (ADR) $56.23 27.14 BMO 29-Apr
PSX Phillips 66 $84.51 30.10 BMO 29-Apr
PSXP Phillips 66 Partners LP $59.25 55.54 BMO 29-Apr
SHPG Shire PLC (ADR) $181.22 43.44 BMO 29-Apr
VFC VF Corp $64.01 28.61 BMO 29-Apr
CTSH Cognizant Technology Solutions Corp $59.99 30.24 BMO 2-May
HP Helmerich & Payne, Inc. $56.17 45.05 BMO 2-May
FMC FMC Corp $36.90 38.33 AMC 2-May
HCA HCA Holdings Inc $78.84 30.54 DMT 3-May
ADM Archer Daniels Midland Company $35.72 28.98 BMO 3-May
AGU Agrium Inc. (USA) $86.24 25.99 BMO 3-May
CMI Cummins Inc. $105.09 32.12 BMO 3-May
FOSL Fossil Group Inc $39.24 49.54 BMO 3-May
MLM Martin Marietta Materials, Inc. $161.96 32.91 BMO 3-May
MNK Mallinckrodt PLC $64.26 65.56 BMO 3-May
MYL Mylan NV $48.07 41.05 BMO 3-May
CBS CBS Corporation $53.58 28.32 AMC 3-May
DWRE Demandware Inc $40.08 67.10 AMC 3-May
EA Electronic Arts Inc. $63.93 28.72 AMC 3-May
GOLD Randgold Resources Ltd. (ADR) $92.43 36.99 BMO 4-May
HUM Humana Inc $172.58 34.02 BMO 4-May
MMP Magellan Midstream Partners, L.P. $65.11 31.86 BMO 4-May
TWX Time Warner Inc $72.91 31.02 BMO 4-May
ZTS Zoetis Inc $47.19 29.36 BMO 4-May
ALB Albemarle Corporation $64.69 33.38 AMC 4-May
APC Anadarko Petroleum Corporation $45.75 52.47 AMC 4-May
BLUE bluebird bio Inc $50.51 83.54 AMC 4-May
CXO Concho Resources Inc $103.13 44.83 AMC 4-May
FANG Diamondback Energy Inc $79.07 39.86 AMC 4-May
LNC Lincoln National Corporation $37.37 36.92 AMC 4-May
MET Metlife Inc $41.92 30.70 AMC 4-May
PRU Prudential Financial Inc $70.01 32.96 AMC 4-May
SSTK Shutterstock Inc $39.55 59.78 AMC 4-May
TSLA Tesla Motors Inc $257.20 56.15 AMC 4-May
TSO Tesoro Corporation $81.82 42.10 AMC 4-May
AGIO Agios Pharmaceuticals Inc $47.04 93.53 BMO 5-May
ANAC Anacor Pharmaceuticals Inc $69.30 69.69 BMO 5-May
APA Apache Corporation $49.19 46.73 BMO 5-May
BABA Alibaba Group Holding Ltd $77.61 34.78 BMO 5-May
IONS Ionis Pharmaceuticals Inc $41.40 67.96 BMO 5-May
MSI Motorola Solutions Inc $74.99 25.95 BMO 5-May
NXST Nexstar Broadcasting Group, Inc. $45.96 41.89 BMO 5-May
OXY Occidental Petroleum Corporation $69.38 27.05 BMO 5-May
RDS.A Royal Dutch Shell plc (ADR) $47.25 30.76 BMO 5-May
RDS.B Royal Dutch Shell Plc CL B $47.81 30.70 BMO 5-May
RDUS Radius Health Inc $37.08 96.99 BMO 5-May
REGN Regeneron Pharmaceuticals Inc $418.48 41.19 BMO 5-May
WWAV WhiteWave Foods Co $39.05 40.21 BMO 5-May
ALNY Alnylam Pharmaceuticals, Inc. $71.74 64.99 AMC 5-May
ANET Arista Networks Inc $64.12 48.75 AMC 5-May
CERN Cerner Corporation $55.98 30.20 AMC 5-May
CYBR Cyberark Software Ltd $40.70 63.82 AMC 5-May
DATA Tableau Software Inc $45.43 79.87 AMC 5-May
EOG EOG Resources Inc $71.45 38.81 AMC 5-May
FLR Fluor Corporation (NEW) $51.04 31.37 AMC 5-May
HLF Herbalife Ltd. $61.38 63.85 AMC 5-May
JAZZ Jazz Pharmaceuticals PLC $140.07 48.28 AMC 5-May
JCOM J2 Global Inc $60.01 48.00 AMC 5-May
LBTYA Liberty Global PLC $37.98 32.64 AMC 5-May
MCHP Microchip Technology Inc. $47.88 30.38 AMC 5-May
MDVN Medivation Inc $45.99 74.43 AMC 5-May
MNST Monster Beverage Corp $131.96 35.70 AMC 5-May
NVDA NVIDIA Corporation $35.43 32.53 AMC 5-May
OLED Universal Display Corporation $53.82 58.91 AMC 5-May
PCLN Priceline Group Inc $1,276.50 33.66 AMC 5-May
POST Post Holdings Inc $69.00 44.42 AMC 5-May
QRVO Qorvo Inc $48.73 57.91 AMC 5-May
STMP Stamps.com Inc. $96.82 67.32 AMC 5-May
TRIP Tripadvisor Inc $63.35 52.32 AMC 5-May
WBMD WebMD Health Corp. $61.84 42.34 AMC 5-May
WES Western Gas Partners, LP $42.19 48.43 AMC 5-May
CI CIGNA Corporation $131.86 28.29 BMO 6-May
CST CST Brands Inc $38.34 36.78 BMO 6-May
TRP TransCanada Corporation (USA) $37.57 26.58 BMO 6-May

Data Source: OptionVue7

Monday April 11:

Economic:  No major Announcements.

International Economic:  No major announcements.

 

Other:  Dallas Federal Reserve Bank President Rob Kaplan participates in moderated Q&A, at Louisiana Tech in Ruston, Louisiana – 1:00PM.

 

Earnings: No announcements meeting criteria.

Tuesday April 12:

Economic:  NFIB Small Business Optimism Index – 6:00, Import and Export Prices – 8:30, Redbook – 8:55, PMI Services Index – 9:45, JOLTS – 10:00, ISM Non-Manufacturing Index – 10:00.

International Economic:  China Merchandise Trade Balance, Germany CPI – 2:00AM, Great Britain CPI and PPI – 4:30AM, Japan PPI – 7:50PM.

Other: Philadelphia Federal Reserve Bank President Patrick Harper speech on the economic outlook followed by media briefing, in Philadelphia – 9:00AM, San Francisco Federal Reserve Bank President John Williams speech , in San Francisco – 3:00PM, Richmond Federal Reserve Bank President Jeffrey Lacker speaks at the University of North Carolina in Wilmington, North Carolina – 4:00PM.

Earnings:

Symbol Company Name April 8 Close IV30 B/A
ALR Alere Inc $50.59 29.94 BMO
FAST Fastenal Company $46.72 30.72 BMO
CSX CSX Corporation $24.62 30.87 AMC

 

Wednesday April 13:

Economic:  MBA Mortgage Applications – 7:00, Gallup Retail Sales – 8:30 PPI – FD – 8:30, Business Inventories – 20:00, EIA Petroleum Status Report – 10:30, Beige Book – 2:00.

International Economic:  EMU Industrial Production – 5:00AM.

Earnings:

Symbol Company Name April 8 Close IV30 B/A
JPM JPMorgan Chase & Co. $57.32 24.09 BMO

 

Thursday April 14:

Economic: Consumer Price Index – 8:30, Weekly Jobless Claims – 8:30, Bloomberg Consumer Comfort Index – 9:45, EIA Natural Gas Report – 10:30.

International Economic:  EMU HICP – 5:00AM, China GDP – 10:00PM, China Industrial Production – 10:00PM, China Retail Sales – 10:00PM.

Other:   Bank of England Announcement and Minutes – 7:00AM, Federal Reserve Gov Jerome Powell testifies on trends in fixed-income markets at a joint hearing of the Senate Banking Subcommittee, in Washington – 10:00AM, Atlanta Federal Reserve Bank President Dennis Lockhart moderated conversation on the Fed’s perspective, in Chicago – 10:00AM.

Earnings:

Symbol Company Name April 8 Close IV30 B/A
BLK BlackRock, Inc. $328.37 25.38 BMO
DAL Delta Air Lines, Inc. $45.80 35.91 BMO
PNC PNC Financial Services Group Inc $81.47 23.45 BMO
TSM Taiwan Semiconductor Mfg. Co. Ltd. $25.37 27.30 BMO
WFC Wells Fargo & Co $46.93 23.58 BMO
FFIN First Financial Bankshares Inc $28.01 33.48 AMC

 

Friday April 15:

Economic:  Empire State Manufacturing Survey – 8:30, Industrial Production – 9:15, Consumer Sentiment 0 10:00, Baker Hughes Rig Count – 1:00.

International Economic: EMU Merchandise Trade – 5:00AM.

Other:  Chicago Federal Reserve Bank President Charles Evans speech to JP Morgan Investor Seminar in Washington, DC – 12:30.

 

Earnings:

Symbol Company Name April 8 Close IV30 B/A
C Citigroup Inc $40.27 31.85 BMO
SCHW Charles Schwab Corp $26.39 35.13 BMO

 

 

Monday April 18:

 

Economic:  Housing Market Index – 10:00.

 

International Economic:  No major announcements. 

 

Other:  New York Federal Reserve Bank President William Dudley opening remarks to conference on trans-Atlantic divergence, in New York – 10:30AM, Boston Federal Reserve Bank President Eric Rosengren lecture to CCSU American Savings Foundation lecture series, in New Britain, Connecticut – 7:00PM.

 

Earnings:

Symbol Company Name April 8 Close IV30 B/A
HAS Hasbro, Inc. $78.46 30.62 BMO
MS Morgan Stanley $23.72 35.66 BMO
IBM International Business Machines $148.25 28.86 AMC

 

 

 

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