The Prepared Mind: July 25, 2016

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

“Chance favors the prepared mind.” — Louis Pasteur

By Frank Fahey

“Imagination decides everything.” – Blaise Pascal

“Follow the trend lines, not the headlines.” – Bill Clinton

“Those who are ill informed about change will be at risk for a rough future” – Jason Canton

Equity markets ended the week on a positive note as major indexes reached new all-time highs for the send week in a row.

The tech heavy NASDAQ 100(NDX) finally entered positive territory for the year.  Key factors in the continued strength include a stronger US dollar, strength in the technology, consumer discretionary and financial sectors. And weakness in oil prices. Six months ago, a weakness in oil prices was and indicator a further weakness in the US markets.

Multiple sources reported Goldman Sachs is recommending the purchase of downside puts in equities. This is the first time in over six years GS has made the recommendation.  The extended rally has resulted in expanding call premiums in concert with declining put premiums.  Over the past three weeks, I have noticed this trend in the volatility skew of options on the S&P 500.  As a result, I have one of my smaller positions in the past few years.  My view of today’s trading opportunities is not unique.  Investor cash levels are at their highest level since November of 2001.   My post-Brexit involvement in the markets has contributed to this trend.

Remember – Doing nothing is the most underutilized of option strategies.

Here is an overview of the US market behavior last week:

Index 22-Jul Weekly Change % Weekly  2015 YTD Volatility of  Index
Dow Jones Industrials (DJIA) 18,570.85 54.30 0.29% 6.58% 12.00% (VXD)
S&P 500 (SPX) 2,175.03 13.29 0.61% 6.41% 12.02% (VIX)
NASDAQ 100 (NDX) 4,653.60 78.10 1.71% 1.23% 14.59% (VXN)
Russell 2000 (RUT) 1,210.51 8.22 0.68% 6.76% 16.52% (RVX)
S&P 100 (OEX) 962.29 6.37 0.67% 5.58% 10.55% (VXO)
Crude Oil (CL Q6) 44.85 (1.43) -3.09% 20.99% 38.85%(OVX)
CBOE Volatility Index (VIX) 12.02 (0.65) -5.13% NA  

 

Data Source: OptionVue7

 

The VIX closed the week at the bottom of its trading range – 12.02%.  On Wednesday the spot VIX closed at a 2 year closing low – 11.07%.  The VIX responded to new all-time highs in the S&P 500 by moving lower. The VIX October future contract (VXV6) ignored a 5% loss in the spot VIX and finished in the black for the week.  By week’s end, traders were seeing spreads come into the pit which will profit strong upside moves in the VIX.

Financial news media has taken note of the recent lows in the VIX.  The Wall Street The VIX is Crazy Low; Time to Run for Cover? Journal noted.  “The VIX is at its Lowest Point in a Year – But Don’t Get Complacent Just Yet”, while a Barron’s headline read, “The VIX is Crazy Low; Time to Run for Cover?”  The low VIX will continue garner attention as long as it remains at the lower end of its range.

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

Indexes Ticker 22-Jul 15-Jul Change % Change
CBOE Volatility Index VIX 12.02 12.67 (0.65) -5.13%
VIX August Future (8/17/2016) VXQ6 15.375 16.325 (0.950) -5.82%
VIX September Future (9/21/2016) VXU6 17.525 17.775 (0.250) -1.41%
VIX October Future (10/19/2016) VXV6 18.775 18.725 0.050 0.27%
CBOE Short-term Volatility Index VXST 10.22 10.26 (0.04) -0.39%
CBOE 3 Month Volatility Index VXV 15.80 15.99 (0.19) -1.19%
CBOE Mid-term Volatility Index (6 month) VXMT 18.20 18.15 0.05 0.28%
VIX of VIX VVIX 89.04 89.04 0.00 0.00%
CBOE SKEW Index SKEW 128.36 129.76 (1.40) -1.08%
Long VIX ETP’s          
 iPath S&P 500  VIX Short Term Futures ETN VXX 11.17 11.68 (0.51) -4.37%
ProShares VIX Short Term Futures ETF VIXY 7.42 7.76 (0.34) -4.38%
 iPath S&P 500  VIX Mid-Tem Futures ETN VXZ 10.17 10.20 (0.03) -0.29%
Inverse VIX ETP’s          
ProShares Short VIX Short Term Future ETF SVXY 60.07 57.73 2.34 4.05%
Daily Inverse VIX Short Term ETN XIV 30.74 29.47 1.27 4.31%

Data Source: OptionVue7

The last week of July is packed with economic news. US reports on will be released on new home sales, durable goods, U.S. second-quarter GDP, and the S&P/Case-Shiller Home Price Index.  The most important activity of the week will be the FOMC meeting on Tuesday and Wednesday.  It is expected to be devoid of any “highlights.”  The FOMC is expected to hold interest rates steady in August.  There are growing expectations among many economists of an increase in the fed funds rate in September or December. Traders and investors will look for changes in Wednesday’s FOMC statement on global developments.  The Bank of Japan will make a policy statement berfore Thursday’s opening.

It will be an active week for earnings announcements.  I had difficulty entering earnings trades last week.  There seemed to be a lack of liquidity.  Markets seemed to be wider than in previous earnings cycles.   I was attempting to put on double calendars further in advance of the announcement.  My perceived perception of a reduction in liquidity may pe the result of extending the time window.  There will be many opportunities to trade earnings this week.  I am now including average option volume in my calendar of upcoming announcements.  This information is a first pass indicator of option liquidity.  The liquidity should increase as the announcement approaches.

The earnings highlights this week for widely held and actively traded stocks include: Gilead Sciences, Kimberly-Clark, Express Scripts, McDonald’s, Eli Lilly, 3M, Verizon, Caterpillar, Apple, DuPont, United Technologies, Andarko, Mondelez, Comcast, Facebook, Amgen, Coca-Cola, Boeing, Alphabet (Google), MasterCard, Amazon, ConocoPhillips, Ford, Dow Chemical, Bristol Myers Squibb, Merck, Chevron, Exxon Mobil, and UPS.

The following table will assist you in preparing for the upcoming earnings announcement cycles.  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 35 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.  Always assess the impact of market factors when making this decision.

Here are the results of my initial scan for double calendar candidates.  The scan has expanded to over 100 candidates this week.  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 or if you would like to be removed from the distribution list.

 

Symbol Company Name July 8 Close IV30 B/A DATE  OPT VOL
WPZ Williams Partners LP $37.44 39.67 BMO 1-Aug 3593
ADM Archer Daniels Midland Company $43.39 25.22 BMO 2-Aug 3274
CAR Avis Budget Group Inc. $36.90 52.16 AMC 2-Aug 2725
CERN Cerner Corporation $61.99 31.58 AMC 2-Aug 2419
CMI Cummins Inc. $118.46 29.34 BMO 2-Aug 5807
DATA Tableau Software Inc $54.95 67.45 AMC 2-Aug 2787
DVN Devon Energy Corp $37.33 45.15 BMO 2-Aug 9548
EA Electronic Arts Inc. $75.38 35.91 AMC 2-Aug 12739
FMC FMC Corp $47.99 38.12 AMC 2-Aug 1067
FSLR First Solar, Inc. $48.33 49.24 AMC 2-Aug 7445
MNK Mallinckrodt PLC $67.53 47.28 BMO 2-Aug 1827
NFX Newfield Exploration Co. $44.40 39.98 AMC 2-Aug 1447
OKE ONEOK, Inc. $46.28 31.68 AMC 2-Aug 2500
QRVO Qorvo Inc $60.10 50.32 AMC 2-Aug 1368
RCL Royal Caribbean Cruises Ltd $72.36 34.64 BMO 2-Aug 3923
SHPG Shire PLC (ADR) $193.46 31.86 BMO 2-Aug 4844
SLCA U.S. Silica Holdings Inc $36.12 51.98 BMO 2-Aug 3007
TAP Molson Coors Brewing Company $100.13 28.24 BMO 2-Aug 3187
AGU Agrium Inc. (USA) $93.13 27.43 BMO 3-Aug 1310
ALB Albemarle Corporation $84.27 32.80 AMC 3-Aug 1820
CLR Continental Resources, Inc. $45.06 47.94 BMO 3-Aug 3195
CTRP Ctrip.com International, Ltd. (ADR) $43.40 37.31 AMC 3-Aug 9963
ETP Energy Transfer Partners LP $39.47 32.65 BMO 3-Aug 5358
HLF Herbalife Ltd. $64.44 58.05 AMC 3-Aug 16165
HUM Humana Inc $171.53 28.83 BMO 3-Aug 7333
JACK Jack in the Box Inc. $89.23 36.39 AMC 3-Aug 1306
LNC Lincoln National Corporation $43.32 31.01 AMC 3-Aug 1117
MET Metlife Inc $43.22 25.56 AMC 3-Aug 12404
NBL Noble Energy, Inc. $35.25 34.15 BMO 3-Aug 1100
PRU Prudential Financial Inc $75.43 26.22 AMC 3-Aug 3983
TRIP Tripadvisor Inc $68.69 47.84 AMC 3-Aug 5392
TSLA Tesla Motors Inc $220.50 49.62 AMC 3-Aug 97297
TSO Tesoro Corporation $76.31 36.87 AMC 3-Aug 4288
ACAD ACADIA Pharmaceuticals Inc. $36.06 65.33 AMC 4-Aug 3719
ALNY Alnylam Pharmaceuticals, Inc. $64.97 57.66 AMC 4-Aug 1154
APA Apache Corporation $53.40 35.16 BMO 4-Aug 4782
ATVI Activision Blizzard, Inc. $41.27 38.68 AMC 4-Aug 20468
BLL Ball Corporation $70.93 25.65 BMO 4-Aug 1679
BMRN BioMarin Pharmaceutical Inc. $93.36 58.95 AMC 4-Aug 2742
EOG EOG Resources Inc $81.49 28.60 AMC 4-Aug 5619
FLR Fluor Corporation (NEW) $53.25 28.00 AMC 4-Aug 2628
GOLD Randgold Resources Ltd. (ADR) $115.21 40.29 BMO 4-Aug 3029
GWPH GW Pharmaceuticals PLC- ADR $93.75 38.66 BMO 4-Aug 1596
ICPT Intercept Pharmaceuticals Inc $153.16 48.72 AMC 4-Aug 1636
IMPV Imperva Inc $45.29 63.99 AMC 4-Aug 1136
K Kellogg Company $82.48 26.48 BMO 4-Aug 5229
MDVN Medivation Inc $62.54 31.78 AMC 4-Aug 10307
MNST Monster Beverage Corp $158.06 31.78 AMC 4-Aug 6844
OLED Universal Display Corporation $68.08 50.18 AMC 4-Aug 1528
PCLN Priceline Group Inc $1,332.50 39.09 AMC 4-Aug 20902
POST Post Holdings Inc $86.61 37.31 AMC 4-Aug 1088
PRGO Perrigo Company PLC $91.52 43.28 BMO 4-Aug 5065
REGN Regeneron Pharmaceuticals Inc $389.52 34.16 BMO 4-Aug 3275
SAGE SAGE Therapeutics Inc $43.39 62.64   4-Aug 1285
TEVA Teva Pharmaceutical Industries Ltd $54.63 29.91 BMO 4-Aug 23820
TRGP Targa Resources Corp $40.74 44.95 BMO 4-Aug 2854
TSRO TESARO Inc $92.04 44.63 BMO 4-Aug 1955
TTM Tata Motors Limited (ADR) $36.81 34.41   4-Aug 1175
TTWO Take-Two Interactive Software, Inc. $40.10 38.60 AMC 4-Aug 1372
VIAB Viacom, Inc. $45.30 40.54 AMC 4-Aug 6803
Z Zillow Group, Inc. Class C $37.70 53.92 AMC 4-Aug 4503
ZG Zillow Group Inc $38.11 53.37 AMC 4-Aug 1001
CST CST Brands Inc $44.85 40.20 BMO 5-Aug 1351
CTSH Cognizant Technology Solutions Corp $58.31 29.12 BMO 5-Aug 3769
AGN Allergan plc $247.84 31.04 BMO 8-Aug 22014
FNV Franco-Nevada Corporation $74.01 36.96   8-Aug 1455
HTZ Hertz Global Holdings Inc $51.12 56.76 AMC 8-Aug 5463
TSN Tyson Foods, Inc. $71.13 30.46 BMO 8-Aug 4792
TWLO Twilio Inc $40.12 84.67   8-Aug 4003
AER AerCap Holdings N.V. $37.54 41.13 BMO 9-Aug 1831
CHTR Charter Communications Inc $240.48 28.74 BMO 9-Aug 5794
COH Coach Inc $42.72 33.51 BMO 9-Aug 5464
CYBR Cyberark Software Ltd $51.38 56.07 AMC 9-Aug 1320
EGRX Eagle Pharmaceuticals Inc $45.58 53.75 BMO 9-Aug 1044
HCP HCP, Inc. $38.55 26.22 BMO 9-Aug 1331
HRI Herc Holdings Inc $35.55 56.48   9-Aug 1542
LNG Cheniere Energy, Inc. $40.12 41.03 BMO 9-Aug 9030
MYL Mylan NV $46.86 36.65 BMO 9-Aug 9304
W Wayfair Inc $39.38 66.73 AMC 9-Aug 1502
KORS Michael Kors Holdings Ltd $51.35 49.39 BMO 10-Aug 9870
NTES NetEase Inc (ADR) $197.37 42.62 AMC 10-Aug 2847
RL Ralph Lauren Corp $99.18 38.51 BMO 10-Aug 3661
SHAK Shake Shack Inc $39.59 51.23 AMC 10-Aug 2076
AAP Advance Auto Parts, Inc. $164.09 29.68 AMC 11-Aug 1412
BABA Alibaba Group Holding Ltd $84.18 27.93 BMO 11-Aug 89068
JWN Nordstrom, Inc. $41.24 40.81 AMC 11-Aug 8577
KSS Kohl’s Corporation $39.51 38.63 BMO 11-Aug 4806
M Macy’s, Inc. $35.49 37.99 BMO 11-Aug 18371
NVDA NVIDIA Corporation $53.22 44.78 AMC 11-Aug 21101
RGLD Royal Gold, Inc (USA) $78.88 42.54 BMO 11-Aug 2352
YY YY Inc (ADR) $39.01 40.89 AMC 11-Aug 4244
DKS Dicks Sporting Goods Inc $49.80 37.05 BMO 16-Aug 3034
LB L Brands Inc $70.78 26.88 AMC 17-Aug 3770
HAIN Hain Celestial Group Inc $51.87 37.59 AMC 18-Aug 1495
HRL Hormel Foods Corp $36.85 26.57 BMO 18-Aug 1489
ROST Ross Stores, Inc. $59.22 27.94 BMO 18-Aug 2736
SINA SINA Corp $52.03 39.93 AMC 18-Aug 1969
WUBA 58.com Inc (ADR) $49.25 35.88 BMO 18-Aug 1337
DE Deere & Company $82.22 27.59 BMO 19-Aug 12893
FL Foot Locker, Inc. $58.62 31.24 AMC 19-Aug 3117

 

Data Source: OptionVue7

 

Advice to stimulate your imagination:

 

“Live everyday as if it were your last because someday you’re going to be right” – Muhammad Ali

 

“Inflation is as violent as a mugger, as frightening as an armed robber

and as deadly as a hit man.” –  Ronald Reagan
“You should never make predictions, especially about the future.” – Samuel Goldwyn

Monday July 25:

 

Economic:  Dallas Fed Manufacturing Survey – 10:30.

 

International Economic:  Great Britain CBI Industrial Trends Survey – 6:00AM.

 

Other:  Democratic National Convention starts in Philadelphia.

 

Earnings:

Symbol Company Name July 22 Close IV30 B/A AVGOPTVOL
GILD Gilead Sciences, Inc. $87.24 29.33 AMC 39277
LVS Las Vegas Sands Corp. $46.71 28.14 AMC 14036

 

 

Tuesday July 26:

 

Economic:  Redbook – 8:55, S&P Case Shiller HPI – 9:00, PMI Services Flash – 9:56, New Home Sales – 10:00, Consumer Confidence – 10:00, Richmond Fed Manufacturing Index – 10:00, State Street Investor Confidence – 10:00.

 

International Economic:  No major announcements.

 

Other:  FOMC meeting begins.

 

Earnings:

Symbol Company Name July 22 Close IV30 B/A AVGOPTVOL
BP BP plc (ADR) $35.84 23.70 BMO 20903
CAT Caterpillar Inc. $80.01 24.38 BMO 28287
CNC Centene Corp $73.00 31.16 BMO 1402
MBLY Mobileye NV $48.41 45.06 BMO 7131
PCAR PACCAR Inc $54.71 31.47 BMO 1689
UA Under Armour Inc $42.64 43.23 BMO 11643
AAPL Apple Inc. $99.43 22.70 AMC 518017
AKAM Akamai Technologies, Inc. $57.20 45.71 AMC 3298
APC Anadarko Petroleum Corporation $54.17 36.58 AMC 8464
BWLD Buffalo Wild Wings $134.65 42.01 AMC 1760
CAVM Cavium Inc $43.47 59.43 AMC 2672
CHRW C.H. Robinson Worldwide, Inc. $71.23 23.37 AMC 1275
EW Edwards Lifesciences Corp $106.26 33.71 AMC 2095
ILMN Illumina, Inc. $151.31 38.01 AMC 1777
JNPR Juniper Networks, Inc. $23.40 36.08 AMC 2488
LLTC Linear Technology Corporation $47.94 26.20 AMC 1255
MAS Masco Corp $33.35 27.77 AMC 1956
RRC Range Resources Corp. $40.70 47.47 AMC 4131
TEX Terex Corporation $21.97 37.80 AMC 1918
ZION Zions Bancorp $26.00 28.04 AMC 1412
VLO Valero Energy Corporation $50.07 30.85   13354
X United States Steel Corporation $20.52 63.36   46142

 

 

Wednesday July 27:

 

Economic:  MBA Mortgage Applications – 7:00, Durable Goods Orders – 8:30, Pending Home Sale Index – 10:00, EIA Petroleum Status Report – 10:30.

 

International Economic: France PPI – 2:45AM, Great Britain GDP – 4:30AM.

 

Other:  FOMC Meeting Announcement – 2:00.

 

Earnings:

Symbol Company Name July 22 Close IV30 B/A AVGOPTVOL
ABX Barrick Gold Corporation (USA) $20.41 48.99 BMO 45997
ANTM Anthem Inc $139.00 23.40 BMO 1275
CRUS Cirrus Logic, Inc. $40.20 52.08 BMO 1939
GLW Corning Incorporated $21.50 26.22 BMO 8318
GT Goodyear Tire & Rubber Co $27.08 31.65 BMO 2090
HES Hess Corp. $54.91 37.99 BMO 10665
HLT Hilton Worldwide Holdings Inc $23.97 25.52 BMO 2996
LVLT Level 3 Communications, Inc. $56.37 33.93 BMO 1548
MAR Marriott International Inc $70.38 24.06 BMO 3175
PPC Pilgrim’s Pride Corporation $25.18 34.78 BMO 1122
R Ryder System, Inc. $67.53 31.11 BMO 1147
STT State Street Corp $57.30 25.02 BMO 1186
SU Suncor Energy Inc. (USA) $27.50 25.57 BMO 3717
TMUS T-Mobile Us Inc $44.67 27.43 BMO 5053
WYN Wyndham Worldwide Corporation $76.52 30.67 BMO 2067
AEM Agnico Eagle Mines Ltd (USA) $53.23 42.24 AMC 4799
CBI Chicago Bridge & Iron Company $38.75 39.04 AMC 1612
FB Facebook Inc $120.61 32.01 AMC 249582
LM Legg Mason Inc $32.83 29.00 AMC 1544
LRCX Lam Research Corporation $89.32 28.35 AMC 2097
MDLZ Mondelez International Inc $45.18 25.27 AMC 11513
MUR Murphy Oil Corporation $29.11 51.79 AMC 1913
NOW ServiceNow Inc $71.05 51.87 AMC 1688
NSC Norfolk Southern Corp. $91.56 25.71 AMC 2028
PXD Pioneer Natural Resources $152.25 33.29 AMC 3853
WFM Whole Foods Market, Inc. $33.17 34.76 AMC 16913
XLNX Xilinx, Inc. $47.79 29.86 AMC 4478
NXPI NXP Semiconductors NV $83.29 39.74   5973

 

 

 

Thursday July 28:

 

Economic:  Weekly Jobless Claims – 8:30, Bloomberg Consumer Comfort Index – 9:45, EIA Natural Gas Report – 10:30, Kansas City Fed Manufacturing Index – 11:00.

 

International Economic:  Germany Unemployment Rate – 3:55AM, Germany CPI – 8:00AM, Japan Household Spending – 7:30PM, Japan Unemployment Rate – 7:30PM.

 

Other:  Bank of Japan Policy Statement – 1:30AM.

 

Earnings:

Symbol Company Name July 22 Close IV30 B/A AVGOPTVOL
HCA HCA Holdings Inc $80.63 24.95 DMT 2138
ALXN Alexion Pharmaceuticals, Inc. $127.30 39.17 BMO 1922
AZN AstraZeneca plc (ADR) $30.53 24.69 BMO 2160
BG Bunge Ltd $61.68 31.56 BMO 1012
BHI Baker Hughes Incorporated $44.49 38.31 BMO 4144
CAB Cabelas Inc $53.69 42.77 BMO 1492
CCE Coca-Cola European Partners PLC $38.07 24.11 BMO 1404
CELG Celgene Corporation $107.45 26.15 BMO 18777
CFX Colfax Corp $28.82 44.36 BMO 1038
CIT CIT Group Inc. $34.81 31.30 BMO 1537
COP ConocoPhillips $41.04 32.58 BMO 21046
DEO Diageo plc (ADR) $112.78 23.14 BMO 1686
DLR Digital Realty Trust, Inc. $102.06 22.86 BMO 1117
EPD Enterprise Products Partners L.P. $29.39 22.25 BMO 7696
GEL Genesis Energy, L.P. $39.90 32.06 BMO 1158
HOG Harley-Davidson Inc $50.17 44.37 BMO 5716
HP Helmerich & Payne, Inc. $64.10 40.45 BMO 2292
HSY Hershey Co $109.59 30.10 BMO 3364
IP International Paper Co $44.88 22.27 BMO 3647
IVZ Invesco Ltd. $28.11 29.12 BMO 1436
MJN Mead Johnson Nutrition CO $91.24 29.26 BMO 1400
NOV National-Oilwell Varco, Inc. $32.86 41.68 BMO 4674
PTEN Patterson-UTI Energy, Inc. $20.15 43.96 BMO 1064
RDS.A Royal Dutch Shell plc (ADR) $55.04 23.81 BMO 3092
TOT Total SA (ADR) $47.66 23.45 BMO 1287
TREE Lendingtree Inc $94.93 72.67 BMO 1164
YNDX Yandex NV $21.26 45.28 BMO 2363
AMZN Amazon.com, Inc. $744.43 37.68 AMC 86752
BIDU Baidu Inc (ADR) $161.40 40.60 AMC 27151
BSX Boston Scientific Corporation $23.92 26.85 AMC 2727
CBS CBS Corporation $53.95 25.63 AMC 7367
DECK Deckers Outdoor Corp $62.44 44.03 AMC 1617
EEP Enbridge Energy Partners, L.P. $24.90 38.36 AMC 2131
EMN Eastman Chemical Company $72.02 25.19 AMC 1746
EXPE Expedia Inc $116.58 41.30 AMC 6943
GOOG Google  Inc. $738.63 23.88 AMC 21972
GOOGL Alphabet Inc $754.41 24.70 AMC 25688
GRUB GrubHub Inc $30.94 67.95 AMC 1848
HBI Hanesbrands Inc. $26.87 37.46 AMC 2760
LDOS Leidos Holdings Inc $48.91 36.07 AMC 2185
N NetSuite Inc $81.90 61.27 AMC 1815
OUTR Outerwall Inc $46.89 68.82 AMC 1375
STMP Stamps.com Inc. $72.73 73.13 AMC 1629
SYNA Synaptics, Incorporated $50.82 65.61 AMC 1274
TPX Tempur Sealy International Inc $60.13 51.98 AMC 2820
WDC Western Digital Corp $51.65 44.26 AMC 12287
WYNN Wynn Resorts, Limited $93.89 42.09 AMC 21600
GNC GNC Holdings Inc $27.18 59.67   1509
MPC Marathon Petroleum Corp $37.13 42.84   8322
MPLX MPLX LP $33.26 36.01   1822

 

 

 

 

 

Friday July 29:

 

Economic:  GDP – 8:30, Employment Cost Index – 8:30, Chicago PMI – 9:45, Consumer Sentiment – 10:00, Baker Hughes Rig Count – 1:00, Farm Prices – 3:00.

 

International Economic:  Germany Retail Sales – 2:00AM, France Consumer Manufactured Goods Consumption – 2:45, EMU Unemployment Rate – 5:00AM,

 

Other: San Francisco Federal Reserve Bank President John Williams speech on remaining Fed tools, followed by media briefing, in Cambridge, Mass – 9:30AM, Dallas Fed President Rob Kaplan speaks at the Independent Bankers Association of New Mexico’s Annual Meeting, followed by Q&A – 1:00PM.

 

Earnings:

Symbol Company Name July 22 Close IV30 B/A AVGOPTVOL
CI CIGNA Corporation $140.32 26.66 BMO 1168
COG Cabot Oil & Gas Corporation $24.21 37.87 BMO 2617
LYB LyondellBasell Industries NV $79.09 29.36 BMO 4817
NWL Newell Brands Inc $48.62 23.64 BMO 1028
PSX Phillips 66 $75.12 24.44 BMO 5631
SNE Sony Corp (ADR) $30.00 35.75 BMO 1112
BUD Anheuser Busch Inbev SA (ADR) $124.50 22.98   5410

 

 

 

 

Monday August 1:

 

Economic:  Gallup US Consumer Spending Measure – 8:30, PMI Manufacturing Index – 9:45, ISM Manufacturing Index – 10:00, Construction Spending – 10:00.

 

International Economic:  Great Britain CIPS/PMI Manufacturing Index – 4:30AM.

 

Earnings:

Symbol Company Name July 22 Close IV30 B/A AVGOPTVOL
DO Diamond Offshore Drilling Inc $23.90 48.18 BMO 1410
THC Tenet Healthcare Corp $31.19 43.86 BMO 1915
WMB Williams Companies Inc $24.67 44.11 BMO 6508
WPZ Williams Partners LP $37.44 39.67 BMO 3593
GGP General Growth Properties Inc $31.50 22.72 AMC 4080
IDTI Integrated Device Technology Inc $21.51 55.20 AMC 1206
OLN Olin Corporation $26.08 41.70 AMC 2262

 

 

 

 

 

 

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