Spread Betting vs Share Dealing - The 6 Pros & 6 Cons (2020)

Wall Street Week Ahead for the trading week beginning June 22nd, 2020

Good Saturday morning to all of you here on smallstreetbets. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning June 22nd, 2020.

The stock market is running out of steam with reopening trades fading and economic data ‘uneven’ - (Source)

Federal Reserve Chairman Jerome Powell is expected to reassure markets next week the central bank will do whatever it takes to help the economy heal. That should be enough to keep investors moving into stocks that benefit from an economic rebound and push the S&P 500 into the green for 2020.
The stock market, so eager to put the entire blow from the pandemic behind it, is now coming to terms that a “V-shaped” recovery might be too rosy a scenario.
With recent spikes in coronavirus cases and fluctuations in the economic data, the market seems to be stuck in a range amid elevated volatility. Market analysts said investors should expect more turbulence ahead because the economic recovery is most likely to be bumpy.
“The market was priced for a continuation of improvement and I think that’s overstating what’s going to happen,” said Brian Levitt, Invesco’s global market strategist. “We are going to have episodes of cases rising. We are going to have a very slow and uneven improvement in the jobs market.”
After soaring more than 40% from the March lows, the S&P 500 turned sideways in the past two weeks, trading at similar levels to early June. The market, which used to turn a blind eye to disastrous news on the thinking that the economy had already bottomed, has become more vulnerable to negative economic headlines as the data begins to give a read on the shape of the recovery.
Stocks came under pressure earlier this week after data showed weekly jobless claims rose more than expected last week, and the number stayed above 1 million for the 13th consecutive week.
And on the virus front, California, Texas, Florida and Arizona have reported an uptick in new infections and hospitalizations amid the reopening. Apple said Friday that it’s again closing some stores in Florida, North Carolina and Arizona due to the spikes in coronavirus cases, which sparked a sell-off in the market, especially among retail stocks.
“The economy is going to need more help to bounce back in months to come,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “For now, volatility and choppy markets remain our base case as an uneven economic recovery likely unfolds.”

‘Rolling Ws’

The rally in those popular reopening trades — airlines, cruise lines and hotels — is seemingly losing steam. Shares of American Airlines and Delta posted their second straight weekly losses. So did Carnival, Norwegian Cruise and MGM Resorts. Those stocks were once the high-beta leaders of the market comeback as investors bet that a successful reopening would take hold.
“Although the stock market was suggesting a V-shaped recovery, the more likely scenario is rolling Ws,” Liz Ann Sonders, chief investment strategist at Charles Schwab, said in a note.
A similar market pattern happened during the financial crisis, pointed out by Nicholas Colas, co-founder of DataTrek Research. After stocks rallied nearly 40% from the 2009 bottom, the market was range-bound for about seven weeks so the fundamentals could catch up, Colas noted.
From a technical perspective, Matthew Maley, chief market strategist at Miller Tabak, is watching if the S&P 500 can break above its recent high of 3,232 or drop below the 3,000 threshold or its 200-day moving average of 3,018 as of Friday.
“Whichever way it breaks...should be an very important development in trying to determine how this critical juncture in the stock market will be resolved,” Maley said in a note.

Fed can’t prevent volatility

While the flattening virus curve played a big role in the market rebound, it’s no denying that the Federal Reserve’s unprecedented stimulus has been a key driver in lifting stocks from the coronavirus slump. The central bank unleashed another weapon in its arsenal this week, saying it will start buying individual corporate bonds.
As comforting as it is to have the Fed’s support, the central bank can only do so much to ease investor fears.
“The Fed can’t prevent the volatility we’re seeing in stocks,” Lindsey Bell, chief investment strategist at Ally Invest, said in a note. “It will likely take years for the economy to fully recover and there remain other uncertainties on the path ahead. As such, investors may continue to struggle with this mismatch between markets and the economy before seeing the case for new highs.”
Fed Chairman Jerome Powell reminded investors again this week in his semiannual testimony before Congress that “significant uncertainty remains about the timing and strength of the recovery.”
Many on Wall Street have also warned that extended policy measures including injection of trillions of cheap money would lead to problems down the road such as hyperinflation.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)

100 Days

100 days ago today on March 11th, the WHO made it official and declared the COVID-19 outbreak a pandemic. Markets were already under a lot of pressure before the WHO declared the pandemic, but the 100 days since will probably go down as some of the craziest 100 days we'll ever experience, not only in the market but in general society as well. More than enough ink and pixels have been spent discussing the societal impact at large, so we'll spare you and just focus on the markets.
While much of the declines were already in the rearview mirror by the time the WHO made its announcement, equities still had a steep decline in the immediate aftermath. The large-cap Russell 1000, for example, fell another 19% to its March 23rd closing low, but after the rebound, the net change since the pandemic was officially declared > has been a gain of 14.3%.
(CLICK HERE FOR THE CHART!)
As impressive as the Russell 1000's gain has been in the face of the global pandemic, many stocks have done a lot better than that. The table below lists the 25 stocks in the index that have seen the biggest gains so far during this pandemic. Topping the list is Wayfair (W) which has rallied more than 350%. If there is one thing Americans must have realized while they were stuck at home under lockdown it was that they needed some new furniture! Behind Wayfair, two other stocks have more than tripled and both were beaten down stocks from the Energy sector that were trading at less than $2 per share on March 11th. A number of familiar names standout including Moderna (MRNA), Twilio (TWLO), DocuSign (DOCU), Beyond Meat (BYND), and Etsy (ETSY), but looking through the list, there's really a diverse group of names ranging from bombed-out stocks from the Energy sector (8 stocks), Consumer names (7 stocks), and the ever-popular software stocks from the Technology sector (6 stocks). It's definitely been a rocky road for the markets over the last 100 days, but for anyone who had these names in their portfolio, they aren't complaining. Click here to view Bespoke's premium membership options for access to our weekly Bespoke Report which includes an update to our Stocks for the COVID economy portfolio that was released on March 11th.
(CLICK HERE FOR THE CHART!)

S&P 500 Industry Group Breadth Remains Positive

Equity markets have become a bit wobbly in the last week or so, but breadth, in terms of large-cap industry groups, still remains pretty robust. Relative to their 50-DMAs, all 24 S&P 500 industry groups still have rising 50-DMAs. When you consider the fact that the 50-day window spans the period going back to early April, a period encompassing most of what was one of the strongest 50-day rallies on record, the fact that every industry group has a rising 50-DMA isn't all that surprising.
(CLICK HERE FOR THE CHART!)
Even though all their 50-DMAs are rising, not every industry group is currently trading above its 50-DMA. While the reading briefly reached 100% in late May and early June, two industry groups have since pulled back below their 50-DMAs, putting the percentage at a still impressive 91.7%.
(CLICK HERE FOR THE CHART!)
The table below summarizes industry group performance showing YTD performance, where each one is trading relative to its 50-DMA, as well as where the group is trading relative to its 52-week high.
As mentioned above, all but two groups (Drugs & Biotech and Food & Staples Retail) remain above their 50-DMAs, and another four are less than 2% above their 50-DMA. If Friday's sell-off deepens into next week, the percentage of industry groups above their 50-DMAs has the potential to quickly sink as low as 75%. Of the 22 industry groups that are above their 50-DMAs, Autos and Tech Hardware are the only two greater than 10% above.
On a YTD basis, the S&P 500 is down less than 4%, but for the vast majority of industry groups, performance has been worse than that. Of the 24 groups shown, 16 are down more than 4% YTD, including eleven that are down over 10%. The worst performers of these losers include Energy, Banks, and Autos. While Energy gets most of the attention for being so weak, Banks are essentially down just as much! On the upside, just two industry groups are up over 10% (Retailers, which is basically Amazon, and Software & Services). Retailing is also the one industry group that is within 1% of a 52-week high and one of seven that is within 4% of a 52-week high.
(CLICK HERE FOR THE CHART!)

Credit Market Reversals

We've noted in detail the massive reversals seen in global equities over the last three months, but outside of equities, we've also seen some other massive moves. One example is credit spreads between the yields of corporate and high yield bonds relative to Treasuries.
The top chart below shows the spread in yields between the B of A Corporate Index relative to Treasuries going back to 1997, and below that, we show the 50-day rate of change in the spread. Heading into the COVID-crash, spreads on corporate bonds were less than 100 basis points (bps), meaning the corporate bond index was yielding only 1 percentage point more than comparable Treasury yields. In the span of less than two months, though, spreads surged by more than 300 bps to over 400 bps. Not since the depths of the credit crisis in 2009 had we seen spreads widen out more than they did in March. Just as notable as the level is the fact that the speed with which spreads widened during the COVID-crash was similar to the pace during the credit crisis.
While spreads were quick to spike during both crises, they narrowed nearly as fast both times. Going back to 1997, the most corporate spreads have ever narrowed over a 50-day period was in June 2009. Coming in at a close second place, though, the 50-day period ending in early June was nearly as extreme.
(CLICK HERE FOR THE CHART!)
Similar to spreads on corporate bonds, the movement in spreads on high yield (junk) credit has been nearly as extreme. While spreads on the B of A High Yield Master Index widened out by only half as much during the COVID-crash as they did during the Financial Crisis, the 50-day move ending in late March was easily more extreme than any other period outside of the credit crisis.
(CLICK HERE FOR THE CHART!)
A shown in both charts above, the only time both corporate and high yield spreads narrowed by an amount anywhere close to the amount they narrowed from late March through early June was back in early June of 2009. The chart below of the S&P 500 shows that point from the perspective of the S&P 500. That period in June 2009 was right in the early stages of what turned out to be a multi-year bull market. Given the similar tightening in the credit market now versus back then, should we assume a similar move for equities going forward?
After the last five months, we'll be the first to say that anything is possible. However, while there are plenty of similarities between the moves in credit markets over the last three months versus the first half of 2009, there are also important distinctions. The most important of these has to do with where the S&P 500 is trading right now. The second chart below shows the historical levels the S&P 500 has traded at relative to its all-time high. Even after the initial narrowing of credit spreads from March through early June 2009, the S&P 500 was still more than 40% off its all-time highs, and therefore still had a lot of climbing to do to get out of the hole. Back in June 2009, to get back to its all-time high from October 2007, the S&P 500 still had to rally another 75%. Today, it's a much different picture as the S&P 500 is already within 10% of its February 2020 all-time high. Could we be in the earlier stages of what turns out to be another long-term bull market? Sure. Will the magnitude of the gains be anything like the gains early on in the bull market that began in 2009? It's unlikely.
(CLICK HERE FOR THE CHART!)

The Very Slow Recovery In Economic Activity Is Continuing

As economies around the country slowly recover from COVID-19 and reopenings proceed, economic activity is slowly recovering. For the hardest-hit sectors, though, the recovery is only inching forward. Security checkpoint volumes at US airports are still down 80% YoY, and the trend of improvement is only set to return travel activity to 50% of 2019 levels in September.
For restaurants, OpenTable data shows covers down by two-thirds from last year, though some of that is because many restaurants remain closed. Among reopened establishments, the number of seated customers are still down almost 40% YoY. About half of restaurants remain closed per the OpenTable data. We discussed this chart and other retail enthusiasm indicators in last night's Closer report, which is available to Bespoke Institutional members.
(CLICK HERE FOR THE CHART!)

Leading Indicators Turn Positive

Yesterday, The Conference Board released last month’s reading for its Leading Economic Index (LEI), a composite of leading data series, which showed a month-over-month increase of 2.8%. As seen in the LPL Chart of the Day, the return to positive territory follows three straight months of negative monthly growth.
”We noted that the pace of the LEI’s deterioration slowed in the April report, potentially suggesting a bottom forming in the US economy,” said LPL Financial Senior Market Strategist Ryan Detrick. “Yesterday’s print was one of several positive economic data surprises we’ve observed recently, bolstering our optimistic view for economic growth in the second half of the year.”
(CLICK HERE FOR THE CHART!)
While the economy still has a ways to go in order to recover from the damage of the prior three months, the composition of May’s LEI advance encourages us. We noted a disconnect in April’s readout in which the financial market indicators tended to be net positive contributors while the “real economy” indicators detracted. May’s release saw a reversal of that trend whereby the economic subindexes played catch-up. Seven of the 10 components were positive contributors led by an improvement in average weekly initial unemployment claims, average weekly manufacturing hours, and building permits. The three negative contributors were the Institute for Supply Management (ISM) New Orders Index, average consumer expectations for business conditions, and the Leading Credit Index.
The most recent LEI release reinforces our view that an economic bottom is likely behind us. Workers starting to return to jobs that they were unable to do remotely had material effects on May’s readout, and if that trend continues, a stock market trading at stretched valuations would have a stronger foundation under it.

3 Charts That Have Our Attention

Stocks have shaken off the 5.9% S&P 500 Index drop last Thursday by gaining three days in a row before yesterday’s modest weakness. While researching and reading this week, three charts stood out that tell us quite a good deal about how investors have reacted during this volatile market and what could be next.
“Incredibly, we saw nearly a third of all investors over 65 years old sell their full equity holdings,” explained LPL Financial Senior Market Strategist Ryan Detrick. “With stocks now back near highs, this is yet another reason to have a plan in place before trouble comes, as making decisions when under duress can lead to the exact wrong decision.”
As shown in the LPL Chart of the Day, according to data from Fidelity Investments, nearly 18% of all investors sold their full equity holdings between February and May, while a much higher percentage that were closer to retirement (or in retirement) sold. Some might have bought back in, but odds are that many are feeling quite upset with the record bounce back in stocks here.
(CLICK HERE FOR THE CHART!)
Along these same lines, investors have recently moved to cash at a record pace. In fact, there is now nearly $5 trillion in money market funds, almost twice the levels we saw this time only five years ago. Also, the past three months saw the largest three-month change ever, as investors ran to the safety of cash. If you were looking for a reason stocks could continue to go higher over the longer term, there really is a lot of cash on the sidelines right now.
(CLICK HERE FOR THE CHART!)
Last, we noted last week that the extreme overbought nature of stocks here is actually consistent with the start of a new bull run, not a bear market bounce, or the end of a bull market. Adding to this, the spread between the number of stocks above their 50-day moving average and 200-day moving average was near the highest level ever. Think about it; with the 45% bounce in the S&P 500, many stocks were above their 50-day moving average, but not nearly as many were above their 200-day moving average. So from a longer-term perspective, there could still be gains to be had.
Sure enough, looking at other times that had wide spreads, they took place near the start of major bull markets. Near-term the potential is there for a well-deserved pullback, but going out 6 to 12 months, stocks have consistently outperformed.
(CLICK HERE FOR THE CHART!)

Election Year July Performance Tepid

July historically is the best performing month of the third quarter however, the mostly negative results in August and September tend to make the comparison easy. Two “hot” Julys in 2009 and 2010 where DJIA and S&P 500 both gained greater than 6% and a strong performance in 2013 and 2018 have boosted July’s average gains since 1950 to 1.2% and 1.1% respectively. Such strength inevitability stirs talk of a “summer rally”, but beware the hype, as it has historically been the weakest rally of all seasons (page 74, Stock Trader’s Almanac 2020).
July begins NASDAQ’s worst four months and is the third weakest performing NASDAQ month since 1971, posting a 0.5% average gain. Dynamic trading often accompanies the first full month of summer as the beginning of the second half of the year brings an inflow of new capital. This creates a bullish beginning, a soft week after options expiration and some strength towards the end.
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Election year Julys rank in the bottom half of all election year months. DJIA: 0.5%, 6th worst; S&P 0.4% 6th worst; NASDAQ (since 1972): -0.7% 3rd worst; Russell 2000 (since 1980): -0.2% 3rd worst.
(CLICK HERE FOR THE CHART!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $NKE
  • $RAD
  • $DRI
  • $WGO
  • $MKC
  • $WTI
  • $INFO
  • $ACN
  • $KBH
  • $SOHO
  • $FDS
  • $BB
  • $AVAV
  • $LZB
  • $XAIR
  • $CAAS
  • $MCF
  • $BWAY
  • $SNX
  • $GMS
  • $WOR
  • $QMCO
  • $AFMD
  • $EPAC
  • $WUBA
  • $USAT
  • $NG
  • $PDCO
  • $APOG
  • $PRGS
  • $FUL
  • $AEMD
  • $AIH
  • $YRD
  • $STAF
  • $UFAB
  • $CAMP
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.22.20 Before Market Open:

([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Monday 6.22.20 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.23.20 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.23.20 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.24.20 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.24.20 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.25.20 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.25.20 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.26.20 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.26.20 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Nike Inc $95.78

Nike Inc (NKE) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, June 25, 2020. The consensus earnings estimate is $0.03 per share on revenue of $8.35 billion and the Earnings Whisper ® number is $0.10 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 95.16% with revenue decreasing by 18.01%. Short interest has decreased by 0.8% since the company's last earnings release while the stock has drifted higher by 19.6% from its open following the earnings release to be 3.9% above its 200 day moving average of $92.17. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 7,691 contracts of the $102.00 call expiring on Friday, July 10, 2020. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 4.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Darden Restaurants, Inc. $70.27

Darden Restaurants, Inc. (DRI) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 25, 2020. The consensus estimate is for a loss of $1.78 per share on revenue of $1.25 billion and the Earnings Whisper ® number is ($1.68) per share. Investor sentiment going into the company's earnings release has 28% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 201.14% with revenue decreasing by 43.92%. Short interest has increased by 33.2% since the company's last earnings release while the stock has drifted higher by 108.3% from its open following the earnings release to be 27.4% below its 200 day moving average of $96.86. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 9, 2020 there was some notable buying of 3,882 contracts of the $70.00 call and 814 contracts of the $80.00 put expiring on Friday, July 17, 2020. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 8.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Rite Aid Corp. $12.41

Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 25, 2020. The consensus estimate is for a loss of $0.38 per share on revenue of $5.60 billion and the Earnings Whisper ® number is ($0.35) per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 171.43% with revenue increasing by 4.23%. Short interest has increased by 11.0% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 1.6% below its 200 day moving average of $12.61. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, June 15, 2020 there was some notable buying of 1,617 contracts of the $14.00 call expiring on Friday, June 26, 2020. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 21.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Winnebago Industries, Inc. $68.36

Winnebago Industries, Inc. (WGO) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, June 24, 2020. The consensus estimate is for a loss of $0.41 per share on revenue of $325.94 million and the Earnings Whisper ® number is ($0.35) per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 135.96% with revenue decreasing by 38.38%. Short interest has increased by 12.4% since the company's last earnings release while the stock has drifted higher by 156.7% from its open following the earnings release to be 46.4% above its 200 day moving average of $46.69. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 19, 2020 there was some notable buying of 583 contracts of the $55.00 put expiring on Friday, July 17, 2020. Option traders are pricing in a 13.5% move on earnings and the stock has averaged a 10.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

McCormick & Company, Incorporated $172.20

McCormick & Company, Incorporated (MKC) is confirmed to report earnings at approximately 6:30 AM ET on Thursday, June 25, 2020. The consensus earnings estimate is $1.14 per share on revenue of $1.29 billion and the Earnings Whisper ® number is $1.18 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.72% with revenue decreasing by 0.91%. Short interest has decreased by 27.3% since the company's last earnings release while the stock has drifted higher by 23.1% from its open following the earnings release to be 7.4% above its 200 day moving average of $160.35. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 4.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

W&T Offshore Inc. $2.57

W&T Offshore Inc. (WTI) is confirmed to report earnings at approximately 4:45 PM ET on Monday, June 22, 2020. The consensus earnings estimate is $0.03 per share on revenue of $129.93 million and the Earnings Whisper ® number is $0.01 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 40.00% with revenue increasing by 11.93%. Short interest has increased by 95.3% since the company's last earnings release while the stock has drifted higher by 3.6% from its open following the earnings release to be 33.8% below its 200 day moving average of $3.88. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 5.1% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)

IHS Markit Ltd. $72.03

IHS Markit Ltd. (INFO) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, June 23, 2020. The consensus earnings estimate is $0.67 per share on revenue of $1.05 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 55% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.63% with revenue decreasing by 7.53%. Short interest has decreased by 27.7% since the company's last earnings release while the stock has drifted higher by 44.2% from its open following the earnings release to be 3.4% above its 200 day moving average of $69.69. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.4% move on earnings and the stock has averaged a 6.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Accenture Ltd. $201.55

Accenture Ltd. (ACN) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, June 25, 2020. The consensus earnings estimate is $1.84 per share on revenue of $10.94 billion and the Earnings Whisper ® number is $1.89 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 4.66% with revenue decreasing by 1.44%. Short interest has increased by 20.0% since the company's last earnings release while the stock has drifted higher by 33.2% from its open following the earnings release to be 5.6% above its 200 day moving average of $190.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 5, 2020 there was some notable buying of 1,740 contracts of the $190.00 put expiring on Friday, August 21, 2020. Option traders are pricing in a 6.8% move on earnings and the stock has averaged a 2.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Sotherly Hotels Inc. $2.96

Sotherly Hotels Inc. (SOHO) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, June 24, 2020. The consensus earnings estimate is $0.16 per share on revenue of $16.30 million. Investor sentiment going into the company's earnings release has 26% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 48.39% with revenue decreasing by 65.60%. Short interest has increased by 2,813.7% since the company's last earnings release while the stock has drifted lower by 43.4% from its open following the earnings release to be 39.4% below its 200 day moving average of $4.88. The stock has averaged a 3.0% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)

KB Home $32.29

KB Home (KBH) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, June 24, 2020. The consensus earnings estimate is $0.57 per share on revenue of $1.17 billion and the Earnings Whisper ® number is $0.49 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.76% with revenue increasing by 14.50%. Short interest has decreased by 2.1% since the company's last earnings release while the stock has drifted higher by 65.5% from its open following the earnings release to be 3.6% above its 200 day moving average of $31.18. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.7% move on earnings and the stock has averaged a 4.2% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead smallstreetbets.
submitted by bigbear0083 to smallstreetbets [link] [comments]

First Contact Second Wave - Chapter One Hundred Fourteen

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The day was hazy, visibility lowered to less than a quarter mile due to the thick spores and pollen in the air. Some of the spores were the size of a baseball, lazily floating along in the humid air currents. The sound of the waves against the cliff was far and remote, as if the pollen in the air was somehow muffling the noise of the tide.
The tank was large by most standards, two hundred tons of moving metal, three engines, eight forced air pressure hover nacelles. A 155mm main gun, a set of tri-barrel co-axial mag-acc guns, a pair of 4-pack mortal tubes, point defense weapons, and APERS strips.
Ekret knew it was a light scout tank by the standards of the military he was currently serving with.
Ekret, like his entire crew, had started out as debt forced wage-slave military forces, using equipment who's designs were over ten million years old without a single update or improvement. His tanks, back then, had been between fifty and a hundred tons and mounted less than half the weaponry, were slower, with less shielding.
The battle-screen that would normally be glimmering was turned off, although there were sterilization fields, normally used in surgery, glimmering over the head sinks and fins off the back of the tank.
The Terran military had purchased his contract, and the contracts of his entire division, from the bankrupt corporation, trained him, armed him, and integrated him into one of the most lethal militaries Ekret had ever seen.
The patch on his shoulder, a pair of lighting bolts on either side of the Terran number "1", was the patch of his division, First Recon Division (New Metal).
Which is how he had ended up on a planet that was currently being overgrown by hostile plants.
And how a Terran Descent Human, who had been raised by insectoid Treana'ad after a natural disaster had left him an orphan, had sent him, and his crew, out to check on the coast. Satellite recon was almost completely useless, the plant's spores making visibility by almost any wavelength next to useless.
But the General, known to many as 'Tik-Tac', had been staring at maps for over a day, tapping his fingers and rubbing his hand together.
Standing in the cupola hatch, the commander's hatch, Ekret was chewing on the end of an empty plastic ration tube, staring at what he'd found.
"Any ideas?" one of the human commanders, a big burly human who was more cybernetics than man, asked.
"No clue," Ekret admitted, staring at what he'd found.
It was massive. He could see it, dimly through the spores, extending off past the visibility line.
A massive vegetative tube, exiting the jungle and down the cliff, into the sea. It was pulsing in a rhythm that suggested to Ekret that it was pulling the water up. The seawater was covered with a thick layer of algae and seaweed. There were smaller veins around it, all obviously feeding the tube, which moved with a life all its own.
On Ekret's left was the jungle. The leaves were brown and yellow, limp, almost wilted, coated with a thin film of what looked like wax.
"Pan the jungle again," came an order over his headset.
The hovertank slowly rotated, bringing the massive scanners on the front glacis into play.
"Air's full of crap," Heslettek, the EW and scanner officer complained.
--attempting to compensate-- 749, a small green mantis engineer flashed through the icon and emoji language he used.
"That jungle doesn't look like its benefiting from millions of gallons of seawater being pumped into it," said the voice that had ordered the jungle to be panned again.
"No, sir," The human commander, one General Trucker - 3rd Armor Division (Old Metal), said, his voice slow and quiet. "Anyone have any idea what it's doing?"
"Pumping water up from the ocean and taking it further into the jungle is my guess," Ekret said.
"We need an expert on this," Trucker said. Ekret heard the big human spit. "Where's that Vuxten kid?"
There was silence a moment, broken only by stray chatter that was bounced around by the vegetative chaff. Ekret nodded to himself. Vuxten had fought in the Precursor War as an Army conscript, pulling SAR and recon, then had gone through training as a Terran Marine.
"Vuxten here, sir," came the voice of one of the natives of the planet, a Telkan.
"Any ideas what this might relate to?" The original voice asked. General Tik-Tac of 19th Logistics and Sustainment.
"It has to be a vein. One of the big ones," Vuxten answered. "It's pumping nutrients, probably filtered out of the ocean, to the plants deeper in. Watch out for veins, sir."
"The plants at the edge are dead," Ekret said.
"No, sir. They just look like it. The whole jungle, all of it, is one interconnected system. Believe me, that big vein could pump enough nutrients into that patch of jungle that you're tank would have vines trying to crawl into within a minute or two. We call 'vein bolt' and 'power bloom' when it does that," Vuxten said.
"It's pulling millions of gallons an hour. Any idea why?" Ekret asked.
"No, sir. Honestly, with what we've learned over the last week? It's probably something bad. Let me check," Vuxten said.
There was silence for a moment.
"There's three big lakes, according to the old maps. It's pulling in the water to feed something in those lakes. Every time we've seen lakes, they've been coated in algae and have something big and mean growing in them," Vuxten said.
"All right, kid. Thanks. Get some rest," Trucker said.
"Yes, sir," Vuxten said.
Ektret leaned against the edge of the hatch, staring at the jungle.
"Well, gentlemen, what do you think?" Tic-Tak asked.
"I think the kid's right. It's pumping nutrients to something nasty," Trucker said, then spit again. "After what happened during the landing, I'm willing to bet it's growing something that it hopes can stand up to modern metal."
"I concur, sir," Ekret said, lifting up a pair of lens only binoculars and looking through them.
"All right, come back. I don't like having you out that far on your own," Tic-Tak said. "Unless either of you have an objection."
"We could always have Ekret put a couple rounds in that artery, see what shakes loose," Trucker suggested.
"I'm in a hover tank," Ekret said. "I should be able to outrun anything the jungle tosses out."
"No, I think I should consult with all commanders and come up with a workable plan to force the jungle to show a few cards," Tic-Tak said. "Together we are much more than the sum of our parts."
Trucker and Ekret acknowledged and then signed off.
The big 'scout' hovertank lifted up in a shower of pureed vegetation and dirt, rotated in place, and smoothly headed back to the massive logistics base.
Behind it, the thick tube kept its secrets.
-------------------
Six hours later Ekret stared at the same scene he had watched from his tank. Well, close. The image was split into quarters, one with visible light, one a composite, one cleaned up, and one the last aerial view that had been recorded.
"First of all, I'd like to welcome our two reinforcement division heads. General Araktun of the 219th Cybernetic Infantry Division and General Vost of the 712th Genetic Warfare Division," Tic-Tak said, rubbing his hands slowly back and forth. Ekret had noticed that in a way it mimicked Treana'ad body language.
General Araktun looked like a warborg except in chrome, with a single line of red that had a moving red dot going back and forth, instead of the normal warborg eyes. He nodded to everyone at the introduction then looked at General Trucker, who was spitting juice into a small plastic bottle.
"You still hanging around with these meatbags pretending you shouldn't be working with me, Trucker?" Araktun asked.
"Still 42% meat, ya walking hubcap," Trucker grinned.
The cyborg made a grinding sound of amusement.
General Vost was a lean looking Pure Strain Human with a face like a shovel and cold hard eyes. He just nodded when he was introduced.
"Do have any ideas what might be going on deeper in the jungle?" Tic-Tak asked, brushing his fingers together back and forth.
Everyone shook their heads.
"Send for that Vuxten kid, let's get his input," Trucker said, waving at it. "I've looked over the after action precis for what went down on the landing, those Telkans had their shit together."
Everyone nodded and Tic-Tak gave orders to an aide to have Vuxten report in to the command center.
"Would those big ones prove difficult for your tanks, General Trucker?" Tic-Tak asked.
Trucker shrugged. "That's hard to say without actually engaging them, sir. From what I've seen, using straight lasers or plasma just seem to energize them in the same way that my battle-screens pull any energy they can into my reserves."
Araktun just nodded, staring at the screen. He pointed at an unused holotank. "May I?"
"Of course, General," Tic-Tak answered.
"I haven't been on planet long enough to do a complete genetic analysis of the foe, but what I'm seeing just in these images is concerning," Vost said, leaning forward. "I would suggest from here on out we make our plans as if we're dealing with a rogue Elven Queen."
"Oh my," Tic-Tak said, rubbing his forearms. "That is... concerning."
"Amplify?" Trucker said, staring at the holotank.
"Corporal Vuxten as well as several other members of First Telkan have annotated that the 'jungle itself' adapts to them. They treat the 'jungle' as a complete organism, and so far their instincts have been on the nose," Vost stated. "How many of you have seen an Elven Queen in action with your own eyes?"
General Tic-Tak was the only one who raised their hand.
"If we approach this as if we are taking on a maddened or rogue Elven Queen, we'll be able to adapt our strategies must quicker as well as possibly predict the actions of the enemy," Vost said. "I would suggest considering it a maddened queen, as we've seen them 'print out', so to speak, unfinished versions of attack and defense systems where a rogue queen would take the time to finalize the design."
Tic-Tak nodded and exhaled. "That makes logistics handling much more difficult. I'll need to put a priority on medical checks and medical care as well as ensure everyone's blood cleanser implants get constant updates."
Araktun was replaying several of the First Telkan's combat operations, pausing and zooming in on the plants involved.
"Right now it looks like, for the most part, the controlling organism, if there is one, thinks on the macro not the micro, which is lucky for us," Vost said, staring at the screen. "It hasn't resulted to viral warfare as far as we know, specifically they haven't engaged in viral warfare against the human element, which leads me to believe that they don't have enough of our genetic code to begin attacking us."
"A maddened queen wouldn't rectify that, a rogue one would," Tic-Tak mused. "A rogue queen would be sending in small blood sucking creatures to get a sample of us."
"Pre-programmed," Trucker said, staring at the map. Ekret noticed both the big human's cybernetic eyes were slightly unfocused. "Our proteins and yadda yadda are different enough from the Telkans to throw an error code but close enough we can breathe the same atmosphere and eat roughly the same things. At first glance we'd look like a mutation, but on a deeper level our cellular structure and makeup are too different to be easily effected. It's either ignoring us or devoting a lot of effort to figure out how to go at us beyond stabbing or crushing us."
General Vost raised his eyebrows slightly and Ekret kept from laughing. It was obvious Vost had taken one look at the big General and dropped his estimates of Trucker's intellect by a factor of five.
"With Big Slobbery Mo out of the picture, it might have to dedicate resources to regrowing intelligence arrays," Trucker said, suddenly looking up. "We should consider this thing akin to the Precursor machines for how they work together and add in the Lanaktallan 'slow and steady wins the race' philosophy."
Everyone nodded except Araktun, who was engrossed in watching the sped-up replays of First Telkan.
Ekret slid an empty ration tube out of his pocket and put the end in his mouth, chewing on it, and staring at the holotank. It had been only a little more than a week and already the majority of the planet was covered by vegetation. There wasn't that much more than rolling plains, a few mountain ranges, and complex interconnect rivers to make up the geography.
That made Ekret blink. He reached out and brought up a few planetary scans of planets in the Dead Zone where all this had started as well as planets from the Terran side, looking over the geographical outlay of the planet.
The majority of planets in the neo-sapient zone were uniform in their layout. Protocontinent or a few continents, mountain ranges in the center, rivers flowing through rolling plains. He ran a similarity check between neo-sapient zone planets with the main computer system and waited the few minutes for it to check.
80% match.
Ekret looked up.
"They've been here before," he said.
Everyone turned and looked at him. "Not just here, but all over this zone. Look," he motioned at the planetary comparison. "Think about it. These planets are just farms, resource farms for the creatures and Lanaktallans."
Tic-Tak was slowly rubbing his hands together, staring at the screen. "The Lanaktallans want physical resources, found in a planetary crust, and use the local sapients as a slave force to maximize the resource extraction. The creatures want... biomass? Calories? Fuel for themselves?"
"The question is," Trucker said slowly, staring at the holotank as he spit into the bottle. "Which one is obeying who?"
Ekret shrugged. "Say ten million years between each, well, rotation so to speak, does it matter in the meantime?"
Tic-Tak moved to the holotank, bringing up an interface and twiddling at it rapidly. After he was done he stepped back and waited.
Vuxten came in and stood against the wall silently, seeing all the high ranking officers staring at the holotank. Vuxten could see it was flashing planets up rapidly.
"Let me adjust the algorythm a bit," Tic-Tak said. He twiddled for a moment on the interface. "That's the best my limited skill can do. After we're done here I'll send it for analysis."
Everyone just nodded, watching.
It took almost five minutes before the computer spit it back up.
Core Worlds and Inner Sphere worlds were heavy metal poor, almost to the point of having none outside the mantle. The mountains were low and rounded. Geological instability was largely relieved. Weather was controlled. The ecology was carefully balanced, with no high end predators.
"As I suspected," Tic-Tak said, stepping back and shaking his head. "General Ekret is correct, they've not only been here before, but I suspect they have been all through this section of the galactic stub."
Everyone nodded as Tic-Tak turned around. "So either there is an ecological battle group outside of every system in Lanaktallan control and sphere of influence, or the creatures have been slowly spreading out, abandoning the "Core Worlds" and "Inner Sphere" as depleted due to the eco-system being too, well, 'thin' as it were," the portly General said. He spotted the Telkan against the wall. "Ah, Corporal Vuxten. Good of you to join us."
"Thank you, General," Vuxten said. "How can I help?"
"How long, would you estimate, it took the jungle to adapt to what your men were doing?" Trucker asked.
Vuxten thought for a moment. "A day, maybe too, at the latest. Hours sometimes. It got easier in Grid Tango-Niner after we blew up a bunch of weird looking coral."
"Which day and engagement?" Araktun asked. When Vuxten told him he shifted views in the holotank and brought up the section quickly.
He tossed it to the main holo-tank and everyone watched as First Telkan moved in on an overgrown spaceport, escorting flame vehicles.
Only a few days ago we had the ability to do overwatch with drones and satellite, now we're almost blind, Ekret thought to himself, watching the icons move across the screen.
"STATUS CHANGE!" the voice rang out over the holotank and the image changed from ships covered by a thin layer of moss to outgrowths of coral defended by plants that fired laser or vomited up plasma. The screen blinked twice to show it was updating.
The coral was closely grown, full of folds and bulges, and ringed by heavy armored plates. Ekret noted that the shell to completely encase it wasn't fully formed yet but still gleamed metallically. Plant extruded metals forged at the cellular level.
The flame vehicles washed the coral with fire and everything went berserk. Lightning-like patterns in the moss.
"That was the first time we ran into a vein bolt," Vuxten said quietly.
Ekret just nodded, staring. It did look like a lightning bolt moving through the moss.
"Thousands of gallons of nutrient per vein, fifteen veins, this was of major importance," Tic-Tak mused.
"The first power bloom we ever encountered is next," Vuxten said. "We lost a couple of people right here and a lot of the tanks. We got chewed up."
The lumps in the moss, which had only showed up on the scans when First Telkan had arrived, suddenly erupted into plants that grew impossibly fast.
General Vost was working at his own holotank, watching what Vuxten was narrating as he worked, identifying plants, growth rate, nutrient uptake rate, where they were in regards to a major vein.
Tanks had plants shoot out from under them, vines grabbing and twisting. First Telkan scattered, going for flat spots of moss, throwing or firing out grenades or rockets to blow the moss off of the ferrocrete and jumping to the middle of the spot.
Four of First Telkan didn't make it. At every point where the Telkan Marines didn't make it out there was an explosion.
"What triggers that?" Vost asked.
"Termination of life signs," Vuxten said. "We encountered a few places where bodies are used pretty horrifically and all agreed we'd rather risk having our suits explode when we sneeze than be used like that."
Vuxten made a motion, looking at the holodisplay coming from his palm, then flicked it General Vost. "Take a look at that, sir. We encountered that on Day Two when we were evacing people."
It looked like a Telkan with a bulging face, throat, and abdomen. It suddenly split open to reveal a swarm of wasps and dozens of little crabs which charged in.
"Luckily, the broodcarriers can smell them and sense them. None of them got in with any podling daycares," Vuxten said, turning away. "Their hearts still beat and they make moaning and gagging noises. We felt like they were still alive in there."
General Vost nodded.
The vehicle drivers obviously panicked, to Ekret's eyes. Two slammed into each other. One bathed a squad of Telkan power armor troops with fire and one of the troops fired back with a rocket that blew up the flame tank.
Ekret couldn't blame them.
Rockets and grenades were flying out at and the tanks were turning to fire at the coral.
"It looks like cabbage in the garden," Trucker mused. "Protective leafs. See how they're trying to curl over the coral? Yeah, this was something big."
Bees, dragonflies, larger bugs were all swarming, going for the tanks, which had moved to areas that had been scoured of moss by explosives. A lot of the Telkan power armor had jumped onto the tanks, providing cover as they poured fire into the plants.
"Plasma didn't work, weirdly enough regular fire worked just fine," Vuxten said. "I don't know enough about the difference between napalm and plasma."
"Energy profile," Trucker grunted.
Araktun turned and looked at the holodisplay. The coral was burning.
"Look, they lost cohesiveness," Araktun said. Trucker nodded. "Each of those coral formations they lost, they lose more and more of their cohesion."
"This might be the difference in this sector compared to the rest," Tic-Tak mused. "Perhaps they are growing more of them?"
Vuxten shook his head. "Not for a pipe that big. That's something big being grown. Something it'll take atomics to stop."
"Something to offset our big tanks," Araktun said. He turned to Vuxten. "What's the biggest threat your power armor troops face?"
Vuxten looked confused. "I'm just a corporal, sir."
"Second lieutenant now, son," Tik-tac said.
Vuxten nodded. "I'm just a lieutenant, sir. I'm in charge of a fire recon platoon of Telkan Marines, that's all."
"What's the biggest threat you've faced?" General Vost asked.
"Heat. There has to be thirty different ways the jungle goes for your heat systems. From what looks like airborne plant seeds that seal to your cooling fins with insulation like plastic to bugs that purposefully home in on your cooling systems, the jungle is definitely targeting heat," Vuxten said.
"I noticed that during our relief of the civilian command center," Trucker said.
Araktun nodded. "My men might be of use here," he turned to Vuxten. "I'd like a briefing of First Telkan's heat compensation tactics."
Vuxten looked at the gathered generals. "Sirs, maybe it would be better to talk to some of the higher ranking officers? I've only been a Marine a year."
Tik-Tac walked up and put his hand on Vuxten's shoulder. "Your men have the most field experience out there in the jungle. The majority of your officers are Terran Marines, we'll get their opinion too, son. Don't think we're not going to speak to them too. You just have a lot of field experience."
"Oh, OK, sir," Vuxten said, looking out of his depth.
"Don't sweat it, kid," Trucker said. "We'll have you back in armor and behind your rifle quick enough so you don't have to stand around a bunch of plotters and planners like us."
Vuxten just nodded.
Ekret had watched the whole thing interestedly. He knew how Vuxten felt. He had been a Most High, and he still felt inadequate at times watching the Terran military work. He, himself, was used to being told what to do, not having people ask him his opinions on everything from how much time his men spent in the tanks to if the ammunition templates were working right to what his favorite shows were.
Ekret moved over next to Vuxten as the other Generals went back to discussing everything from how to deal with the Terran military's biggest problem (heat) to what the jungle might be cooking up to how much longer they had to hold out until the shelters were reconfigured and ready to launch.
"It's almost frightening, isn't it?" Ekret asked the younger male.
"Sir?" Vuxten asked, looking at him. Ekret could see the thick red scarring, not yet faded, around the Telkan's ear.
"Watching Terrans go to work. You can see how they've crushed everyone they've ever faced," Ekret said, taking the half of the ration tube that remained unchewed.
"I don't understand why they wanted to talk to me," the younger male said softly.
"Because you've been on the ground, seen it react to your actions with your own eyes, had your reflexes save you, which means you understand something about the jungle at a subconscious level," Ekret said, pouring the spit out of the tube into the reclaimer before putting it back into his mouth and chewing on it.
"Vuxten, what's the first sign you notice of a vein bolt?" General Vost asked.
"The mat bulges slightly, gets spongier feeling under our boots, and there will be a green trail in the moss where the nutrients are being poured into the vein to get it ready," Vuxten answered. "More spores and pollen too."
"See, that's information you can't see in the recordings," Ekret said, nodding at the holotank. He looked at Vuxten. "I can have my mechanics put feedback sensors on my hovertanks to rate the ground reflection of my hoverfans, maybe give me a second or two to react."
"Oh," Vuxten nodded.
"Trucker there, he'll notice it. The Unnamed Gods only know how he'd notice, but I guarantee you that he'll notice it," Ekret said. "General Araktun's cyborgs will know to keep a look out for it. A second or two can save countless lives."
"You can ambush the ambush if you know it's coming," Vuxten quoted.
"These power blooms, how long from sighting an incoming vein bloom till they erupt?" General Vost asked.
"Um, ten, maybe twenty seconds. You can tell what's going to get power bloomed by a thin vein pattern coming from the middle of an intersection. It takes three or four vein bolt strikes to cause a power bloom," Vuxten said. "You can't rely on your suit computer, though. Because of the sudden spore and pollen eruptions your visuals and sensors are usually confused."
Vuxten thought for a second. "If you have incoming vein bolt strikes and your sensors suddenly drop to almost nothing, you're about to get power bloomed and you might be on top of a bloomer."
All of the generals nodded, adding that.
Vuxten noted that Tik-Tac was stepped back a bit, just watching. He pointed it out to Ekret who nodded.
"The General isn't a combat arms leader. He trusts the others to do their jobs, he's figuring out the best was to support them," Ekret said. He looked at Vuxten. "Make no mistake, young Telkan, wars are won or lost by men like the General. All of the combat valor in the world won't help you if you starve to death without ammunition or uniforms."
"Oh," Vuxten said. He never really thought about it. Maintenance, supplies, armor repair, it just happened. Vuxten had never really thought about it beyond hoping it was taken care of.
Ekret kept chewing on the ration tube, watching the information in the tanks flow by.
"Why aren't you involved?" Vuxten suddenly asked.
Ekret looked at him and smiled. "Because, young man, I, like you, are Scout Recon. Which means that I'll be paying attention to you and your fellow Scout Marines on a much more personal level. The others? They're heavy metal. Combat warborgs, heavy tanks, heavy assault infantry."
"Oh," Vuxten said, still slightly confused.
"Just stand here, they'll get to us. More than likely to assign a mission," Ekret said. "And I've got a feeling what it's going to be," Ekret said.
"What's that, sir?" Vuxten asked.
"If I tell you, you won't figure it out on your own," Ekret smiled.
----------------------
Ekret stared at the massive organic pipes, rising up out of the ocean, over the edge of the cliff, to disappear into the wilted looking jungle. His tank sat, idling, only a hundred meters from the nearest pipe, which had grown a thicker layer of twisted vines around it. The moon had set with the sun, meaning the only view was through light amplification, giving the world a too-slick feeling.
He left signal repeaters every two hundred meters that used point to point tight beam communication across one of the narrow bands not clogged by the pollen and spores, all the way back to the main Forward Operating Base.
Trucker was only fifty miles away, his entire Division formed into a spearhead poised to slam its way through the thickest part of the jungle. All eight BOLOs attached to him were on the flanks, ready to go.
Vuxten's platoon and a light company of Araktun's cyborgs had entered the jungle only two hours before, after making sure everyone had gotten a good night's sleep.
The objective wasn't to suddenly win the war, but to delay whatever it was the jungle had planned.
The shelters needed another twelve days to finish reconfiguring, dig their way out of the bedrock, and launch.
One point two million shelters across a main continent, two sub-continents, and eighteen major islands.
Ekret was glad it wasn't his responsibility. That all of those people only tangentially relied on his guns.
If I was to be put into Tik-Tac's place I'd develop a substance abuse problem retroactively, Ekret thought to himself.
He looked back over the ocean, one hand on the lip of the hatch, feeling his tank vibrate slightly. The ocean was covered with a thick layer of algae and seaweed.
Enemy territory, he sighed to himself.
He looked around at the jungle again, keeping an eye for any change in the colors. Yeah, his scout tank would supposedly alert him of any palette change in the foliage, but sometimes it was better to keep a physical eye on it. He could barely see the fiber-optic cable twinkling in the sunlight, moss already growing over it, that ran from his tank into the jungle.
Recon Alpha-Three-Three's only line of communication out of the jungle.
The surgical sterilization fields crackled as General Ekret waited.
-----------------------
Trucker had his left palm turned up, his right hand on the coax gun. Above his left hand was a holodisplay feeding him data. It was easy to forget just how thick the jungle was from the ground, when you weren't in a five hundred ton mechanical war machine. The 'trees' were almost a hundred meters high, the trunks thick and greasy looking. The moss carpet was thick and spores the size of a grown man's fist floated in mid air, slowly blinking red or yellow or green.
Two hours and they were nearly twenty-five miles in. Trucker knew the borgs from Sixteen Scout Recon could move up to ninety miles an hour, but they'd chosen to follow the Telkan Marines, who were notably slower.
Right now they were stopped, waiting for something that Trucker didn't see. He could tell by the signals that the Recon cyborgs didn't either.
But Vuxten had said to hold position, that nobody should move, and so everyone was frozen in place.
As Trucker watched there was a brightening in the moss in a vein pattern, spreading out from the massive nutrient pipes.
"Do. Not. Move," the Telkan officer snapped.
The pattern spread out, then the moss bulged around a handful of thick conduits, the edges around it brightening.
Almost a minute passed before the fluid moved off to the left.
That's heading for someone else, Trucker thought to himself. He opened his channel to BOLO Victorious.
"Victor, keep your optics peeled, there's a vein bolt heading in roughly your direction," Trucker snapped.
"Roger, sir," BOLO Victorious answered.
The scout team moved on.
Trucker kept watch, feeling the numbers run in his head. He slid the map to the north, not to the thickest part of the jungle, but to a point between five different lakes.
There. Whatever it is, it's there, Trucker thought to himself, scanning back to where the scouts were following the thick nutrient trunk.
----------------------------
TERRASOL
Space Force Units arriving at operational theaters. Rough estimation of location on Precursor Biological Weapon Fleets for systems are attached. Each fleet is to the solar north-west, at approximately 2.2 LY from stellar mass. Bioweapon fleets are to be targeted with extreme prejudice.
Operation Tusked Raven is proceeding according to projections.
-----NOTHING FOLLOWS---------
TASK FORCE 43 (ANVIL)
Have moved in strength into the Nantaver-837 system (Locally: Artcarik-482) to engage heavy Unified Military Fleet presence. Was informed by the System Most High, one Mana'aktoo, that even if we were triumphant in two years time the entire system would be eradicated by a super-weapon. System Most High 'inadvertantly' let slip the distance. Discovered bioweapon fleet in hibernation. Upon informing System Most High and System Defense Most High of the destruction of the bioweapon fleet, the system was immediately surrendered.
Governor Mana'aktoo is highly regarded by the xenospecies who live in the system. The four mega-corporations also regard him highly. The System Defense Most High is highly regarded by his subordinates.
I'm in an odd place here. Governor Mana'aktoo has made himself and his staff available at all opportunity. I'm pinned down here since this system is a priority to the Unified Council defense. If I abandoned it to carry on, another fleet could come in and take it. As it surrendered immediately I cannot move through destroying infrastructure due to the Geneva Convention and the Rules of Land Warfare.
Which means the System Defense High Most has pinned my task force here even more effectively than if he'd tried to take me head on. He had literally millions of troops under his command, all of whom are EPOWs that I have to oversee. They are not a difficultly, at worst they're lazy and unmotivated as EPOWs, at best their eager to assist my command in any orders we give out, but I cannot pull out and leave behind millions of soldiers.
Additionally, the civilian infrastructure is the highest I've seen in a Lanaktallan controlled system, the citizens highly educated (for their standards) and eagerly supporting Mana'aktoo's stewardship.
As the xenosapients in the system welcome us, with Mana'aktoo's encouragement, my office is flooded with requests for PR interviews and 'meet the people' interviews. It's not uncommon for my Marines and Army personnel to be asked to pose for photography or asked for interviews.
I need an actual occupation fleet here. MI was way off on whether or not this guy would fight to the death. My Task Force should have moved on to my other objectives already, instead I'm stuck here like my foot has been nailed to the floor.
--Admiral Schmidt, Commander, Task Force Anvil.
-------NOTHING FOLLOWS--------
MANTID FREE WORLD

------NOTHING FOLLOWS------
TELKAN GESTALT
What? What's so funny?
------NOTHING FOLLOWS------
MANTID FREE WORLDS
It's the age old human problem, dear. They won, but now they don't know what to do with it.
------NOTHING FOLLOWS-----
TREANA'AD HIVE WORLDS
See, sis and I, we'd just eat everyone and leave, at least, before the Terrans stomped on us.
The Terrans, though, they want something different for all those people.
-----NOTHING FOLLOWS------
TELKAN GESTALT
What do they want?
-------NOTHING FOLLOWS-------
RIGELLIAN COMPACT
Freedom and self-determination.
They don't want to stand over you with a club, they want you to start doing your own thing so they can get back to doing their own thing.
Humans are lazy.
-----NOTHING FOLLOWS-------
TERRASOL
Wow. Rude.
I mean, you're not wrong.
But rude.
-----NOTHING FOLLOWS-----
submitted by Ralts_Bloodthorne to HFY [link] [comments]

Unusual Option Activity for July 1, 2020 - AA - Featured Trade: SHLL OCT 16 '20 - 25P

Welcome to another Unusual Options Activity post. Why do DD when you can see what stocks people are heavily investing in? I post these daily.
Context -
The S&P 500 increased by 0.5% today. There was positive news recording a vaccine and Pfizer. PFE notably had the highest number of contracts traded for the day. The ADP Employment Change Report for June again showed gains for private-sector payrolls. The ISM Manufacturing Index for June beat consensus with 52.6% (consensus was 49.2%). The communication services, utilities, and real estate sector led the market higher, increasing +1.8%, +1.9%, +1.9%, respectively.
Today’s Option Activity Fast Facts -
Sentiment – CBOE Put/Call Ratio - 0.90, VIX: (28.96, -1.47, -4.8%).
Highest Multiple Over Daily Average - DXC with 46 x the ADV of 4173. There were 96199 calls and 94803 puts.
Ticker with Most Contracts - PFE with 329836 contracts traded today with an AVD of 95042. There were 277805 calls and 52031 puts.
Largest Put / Call Ratio - MUR with a 102.87 P/C ratio. There were 30142 puts and 293 calls.
Largest Call / Put Ratio - SKX with a 97.16 C/P ratio. There were 34978 calls and 360 puts.
\Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k*
MOMENTUM UNUSUAL OPTION ACTIVITY -
Ticker : AA 10.95 -0.29 ,( -2.58 %) Earnings : 2020-07-15
Name : Alcoa Corp. Sector : Non-Energy Minerals
Special Considerations : Industry : Aluminum
Option Information -
Today’s Option Volume: 41029 OptionOI: 208019
ADV: 10621 Multiple of ADV: 4
Total Calls: 37921 Total Puts: 3108
Calls at Ask: 43.0 % Calls at Bid: 32.3 % C/P Ratio: 12.2
Puts at Ask: 28.1 % Puts at Bid: 21.4 % P/C Ratio: 0.1
Notable Strikes :
JUL 10 ’20 12C had 29.9k VLM with a 2.12k OI.
DarkPool Prints :
None
News : 24-Jun-20 6:10 pm: USTR conducting review that could lead to $3.1 bln in additional tariffs on EU imports
My Impression :
Yesterday featured MT which is a steel company. The hypothesis was the call volume at the time may have been related to some sort of new tariffs being enacted. It appears there was confirmation of this yesterday after I posted. I’ll likely be picking up some shares of this tomorrow.
Featured Trade: SHLL
I don’t make featured trade posts often, because these opportunities do not come around all that frequently.
SHLL added options today. There has been significant number of comparisons between NKLA and SHLL. The premiums are very high, especially for the puts. SHLL is a SPAC - or a Special Acquisition Company. These stocks typically have a floor of $10.
"A typical SPAC will offer stock at $10 per share and give the management team two years to find a suitable target. If the SPAC doesn’t find a good merger candidate, then its terms call for it to liquidate. Unless the SPAC finds a candidate, the money raised in the IPO is held in trust, and so IPO investors typically get most or all of their $10 initial investment back." - Sorry can't provide links, but it was a motley fool article. You can search for it if you are interested.
The Hyliion and SHLL merger is slated to go through sometime in Q3, September or October. The premium for the OCT 16 '20 25Ps is high. I sold 10 of them for 11.70. I was the only volume at this strike price at the time. A few others have decided to follow the trade, but the volume is still low. This makes my break-even price for SHLL 13.30.
Hypothetically, if the merger does not go through the floor for the stock should be right around $10. It can go lower, but it is less likely. You are essentially risking about 3.30 for a maximum upside profit of 11.70. Not a bad return. Other risks include SHLL being sub $10 after the merger.
This is the first day that SHLL has had options. The option chain was not available on all brokers, however, it was present on IB. The option OI and VLM reflects that it is not available on all brokers. You should exercise caution because as of right now the low volume is causing wide spreads, which likely helped my fill. Right now, the largest call that can be bought is the 30C. I would expect the option chain to be extended tomorrow or in the next few days. People are likely to buy a lot of OTM calls and force the MMs to start delta hedging the sold call so there is a potential catalyst for this stock to move significantly higher in the nearer term.
There is no such thing as a risk free trade, but there are good bets. I think this is a good bet with limited downside risk.
DISCLAIMER – These are my observations that I have made at the end of each day and trades that I am considering placing or watching. I am not responsible for your financial losses if you follow any of these trades. As always, do your due diligence.
submitted by noentic to investing [link] [comments]

CINEPLEX INC (TSX: $CGX ) STOCK OPPORTUNITY

CINEPLEX INC (TSX: $CGX ) STOCK OPPORTUNITY

Cineplex (TSX: $CGX)
CINEPLEX INC (TSX: $CGX ) STOCK OPPORTUNITY
Another great medium risk but high potential return stock. The stock has taken a beating because of Covid19 & movie theater closures.
Investors think Cineworld's C$34/share buyout offer will be cancelled, yet Reuter's reported, "Cineworld Says No Change In Co's Position On Cineplex Takeover Since March" on April 7. That's double your money at C$11.69 (at post) if it goes through.
Investors also think Cineplex will cancel their monthly $0.15 per share dividend in their next ER that they delayed until June 29, 2020.
Investors are discounting Cineplex's possible rise of online movie rentals to offset their onsite losses.
The odds don't get better than this but do your Due Diligence before investing.
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The Motley Fool described Cineplex as having a "virtual monopoly" over the cinema market in Canada.
#StockPick $CGX -- #ShakingTheTree with #Shorts hitting all the #Bulls #StopLoss down. Easy double or triple opportunity here. Do your #DueDiligence. Good luck to all.
#StockPick #CGX $CGX $CGX.TO
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MY DUE DILIGENCE:

---------------------------------------------
52 Week Range:
Low: C$6.30 (Coronavirus Crash)
High: C$34.39 (Buyout Offer)
CGX Stock Performance
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Cineplex Inc., formerly known as Cineplex Galaxy Income Fund and Galaxy Entertainment Inc. is a Canadian entertainment company headquartered in Toronto, Ontario. Through its operating subsidiary Cineplex Entertainment LP, Cineplex operates 165 theatres across Canada. The company operates theatres under numerous brands, including Cineplex Cinemas, Cineplex Odeon, SilverCity, Galaxy Cinemas, Cinema City, Famous Players, Scotiabank Theatres and Cineplex VIP Cinemas.
Divisions:
  • Cineplex Odeon
  • Galaxy
  • Famous Players
  • SilverCity
  • Colossus
  • Coliseum
  • Cinema City
  • Scotiabank Theatre
  • Cineplex Cinemas
  • Cineplex VIP Cinemas
Subsidiaries:
  • Cineplex Entertainment LP
  • Player One Amusement Group Inc.
  • Famous Players LP
  • Galaxy Entertainment Inc.
  • Cineplex Media
  • Cineplex Digital Media Inc.
  • Canadian Digital Cinema Partnership (78.2%)
  • Topgolf-Cineplex Canada LP (75%)
  • SCENE LP (50%)
  • Cineplex Entertainment Corporation
  • World Gaming Network Inc. (80%)
  • Alliance Cinemas
2019-present: Proposed acquisition by Cineworld
On December 16, 2019, Cineplex announced a definitive agreement to be acquired by the British cinema operator Cineworld Group, the second-largest film exhibitor worldwide, pending shareholder and regulatory approval. Cineworld would be paying $34 per-share—a 42% premium over Cineplex's share price prior to the announcement, valuing the company at CDN$2.8 billion. Cineworld planned to pay US$1.65 billion, and to fund the remainder by taking on debt.
The sale was approved by Cineplex shareholders in February 2020. Activist shareholder Bluebell Capital Partners called for the Canadian government to block the sale, due to the COVID-19 pandemic. which in turn led to the temporary closure(s) of all Cineplex movie theatres across Canada since March 16, 2020, and up until further notice.
https://www.cineplex.com
https://en.wikipedia.org/wiki/Cineplex_Entertainment
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Cineplex Store
Browse from over 8500 HD movies including the latest releases and earn SCENE points every time you rent or buy. Watch online or look for the Cineplex Store.
https://store.cineplex.com
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ESPORTS: WorldGaming Network (WGN), formerly Virgin Gaming (now owned by Cineplex), is an online video gaming platform that hosts head to head matches, tournaments and ladders for consoles and PC gamers. WorldGaming has had over 3 million gamers register for its platform worldwide which makes it one of the most robust and dynamic global eSports communities. There have been over 6.7 million matches played over 20,000 tournaments held on WorldGaming.com since 2010.
Newzoo: Global esports will top $1 billion in 2020, with China as the top market (Feb 25, 2020):
Global esports revenues will surpass $1 billion in 2020 for the first time — without counting broadcasting platform revenues, according to market researcher Newzoo.
Globally, the total esports audience will grow to 495.0 million people in 2020, Newzoo said. Esports Enthusiasts (people who watch more than once a month) make up 222.9 million of this number.
In 2020, $822.4 million in revenues—or three-quarters of the total market—will come from media rights and sponsorship.
“As the esports market matures, new monetization methods will be implemented and improved upon,” said Remer Rietkerk, head of esports at Newzoo, in the report. “Likewise, the number of local events, leagues, and media rights deals will increase; therefore, we anticipate the average revenue per fan to grow to $5.27 by 2023.”
https://venturebeat.com/2020/02/25/newzoo-global-esports-will-top-1-billion-in-2020-with-china-as-the-top-market
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VIRTUAL REALITY
On September 13, 2018, Cineplex announced that it would acquire a stake in VRStudios—a Seattle-based provider of virtual reality installations, and utilize its equipment for as many as 40 VR centers across the country.
https://en.wikipedia.org/wiki/Cineplex_Entertainment
---------------------------------------------
PLAYDIUM
Playdium is a family entertainment centre chain owned by Cineplex Entertainment through its subsidiary Player One Amusement Group. The flagship location in Mississauga, Ontario, Canada launched as Sega City @ Playdium near Square One Shopping Centre on September 7, 1996. The 11 acres (480,000 sq ft) centre cost CA$17 million to build and included an arcade, batting cages, go-karts and mini-golf. A partnership with Sega GameWorks, it featured many arcade games from that company such as Daytona USA, and eight-player racing setups for Indy 500 (as Virtua Indy) and Manx TT Super Bike. Indy 500 remains available today. In 1999, the centre was renamed to Playdium. The company opened up two more locations in Brampton and Whitby in late 2019.
https://en.wikipedia.org/wiki/Player_One_Amusement_Group#Playdium
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The Rec Room
The Rec Room is a Canadian chain of entertainment restaurants owned by Cineplex Entertainment. First opening in Edmonton in 2016, its locations feature entertainment and recreational attractions such as an arcade, driving simulators, recreational games, and virtual reality, as well as restaurants and bars, and an auditorium with a cinema-style screen, which can be used for concerts and other live events.
The Toronto location features The Void virtual reality attraction. In July 2018, Cineplex announced that it would become the exclusive Canadian franchisee of The Void and add additional locations (such as the Mississauga and West Edmonton Mall locations).
https://en.wikipedia.org/wiki/The_Rec_Room
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SCENE (loyalty program)
SCENE is a Canadian loyalty program established in 2007 by Cineplex Entertainment and Scotiabank.
The main reward is a free movie ticket, starting at 1,250 points for a regular or 3D ticket. Over the years, the program has expanded to include a greater variety of rewards, including restaurants and sporting goods.
https://www.scene.ca
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FOOD & BEVERAGES
Cineplex has an Outtakes (French: Restoplex) restaurant in 94 theatres, some which replace previous restaurant partners (Burger King, KFC and New York Fries) and others which introduce restaurants at locations which did not previously feature one. VIP Cinemas and some Xscape locations feature a licensed lounge with more premium offerings compared to Outtakes. Poptopia is a flavoured popcorn restaurant offered in a full-service format at 22 locations. Other Cineplex theatres may feature Poptopia at the concession stand, but only in the caramel corn and/or kettle corn flavours.
Ice cream at Cineplex locations debuted with Baskin-Robbins and TCBY. Beginning in December 2007, Yogen Früz became the preferred partner. On January 1, 2014, Cineplex acquired a 50% stake in Yoyo's Yogurt Café. As of January 2017, 77 Cineplex theatres feature Yoyo's restaurants, while Yogen Fruz is still available in 23 Cineplex theatres while TCBY is available in 16 locations. Cineplex also manages Melt Sweet Creations, an in-house dessert bouqtiue brand targeted at women ages 19-35 debuted in December 2017 at Cineplex Cinemas Queensway and VIP. Melt is available at 13 locations.
Beverages are available in both cold and hot formats. Cold beverages include the Coca-Cola lineup, which replaced the Pepsi lineup used at locations formerly owned by Famous Players. 12 locations feature Coca-Cola Freestyle. Hot beverages include Starbucks as the incumbent provider with 105 locations, all which offer Pike Place Roast coffee (regular or decaf) and Tazo tea. Select locations also offer premium drinks such as caffè mocha or caramel macchiato. Tim Hortons is available as a full-service restaurant in five locations,[75] with Brossard being the only location to offer both Tim Hortons and Starbucks.
In most theatres, Cineplex offers sale of alcohol to 19+ guests in Ontario (18+ in Alberta) similar to the VIP theatres albeit from a selection of beer or cider beverages.
If Aurora Cannabis (ACB) & Cineplex (CGX) partnered up to offer CBD & THC infused Cannabis 2.0 edibles in movie theaters, especially the IMAX & 3D ones, it should do very well. Canadian Cannabis Industry stocks should also do well as I posted earlier Cannabis Stocks Opportunity.
https://en.wikipedia.org/wiki/Cineplex_Entertainment
---------------------------------------------

RECENT NEWS:

---------------------------------------------
Cineworld to buy Canada's largest movie theatre chain in $2.8B deal (Dec 16, 2019):
Cineplex’s stock had been trading close to the Cineworld offer price of C$34 per share through early 2020, but has since plunged 40% following the virus outbreak.
Cineplex could lose a potential lifeline if its outstanding debt exceeds more than $725 million. As of December 31, 2019, the debt level was $625 million. The debt might balloon past the threshold with a further lockdown extension.
https://www.ctvnews.ca/business/cineworld-to-buy-canada-s-largest-movie-theatre-chain-in-2-8b-deal-1.4731547
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Cineplex shares fall after short seller raises concerns about Cineworld deal (March 5, 2020):
https://www.ctvnews.ca/business/cineplex-shares-fall-after-short-seller-raises-concerns-about-cineworld-deal-1.4840173
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Cineworld Dives After Cineplex Activist Urges Rejection of Deal (March 16, 2020):
https://www.bloomberg.com/news/articles/2020-03-16/cineworld-dives-as-cineplex-activist-urges-canada-to-block-deal
---------------------------------------------
Cineplex closes locations, provides Cineworld acquisition update (March 17, 2020):
https://mediaincanada.com/2020/03/17/cineplex-to-close-all-canadian-locations
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Cineplex Inc. cuts salaries of full-time employees after part-time layoffs (Mar 23, 2020):
P/T employees laid off in Canada & USA. F/T employees take reduced base salaries & senior executive team takes 80% reduction in pay.
https://www.cp24.com/news/cineplex-inc-cuts-salaries-of-full-time-employees-after-part-time-layoffs-1.4864434
---------------------------------------------
Cineworld halts dividend and says will 'monitor progress' of its buyout of Cineplex (April 7, 2020):
https://www.marketwatch.com/story/cineworld-halts-dividend-and-says-will-monitor-progress-of-its-buyout-of-cineplex-2020-04-07
---------------------------------------------
Staggered seating, nostalgic films: Cinemark offers a look at movie going post-coronavirus (Apr 15, 2020):
Cinemark, the third-largest movie theater chain in the U.S., hopes to reopen at least some of its doors to the public in July.
With no major movie release until mid-July, theaters could play “library” movies, which are movies that have already previously been released in cinemas, for several weeks.
If social distancing restrictions are still in place the company said it would either sell every other reserved seat in the theater or suspend reservations and just sell 50% of the tickets per theater.
“Even at peak periods of time in a normal environment, our occupancy levels range from 20% to 30% and we can operate profitably during those scenarios...” - CEO Mark Zoradi
He added that Cinemark has seen attendance as low as 10% and still was able to turn a profit.
https://www.cnbc.com/2020/04/15/cinemark-offers-a-look-at-movie-going-post-coronavirus.html
---------------------------------------------
North Vancouver's Park & Tilford Cineplex permanently closed (May 20, 2020)
The company closed all 165 theatres across Canada in March due to COVID-19, but the 1,382-seat Brookesbank Avenue location won’t be among those reopening, Cineplex has confirmed.
With Cineplex closing its Lower Lonsdale theatre in 2019, it leaves Park Royal as the only place to catch a big screen flick on the North Shore.
“We thank the community for their patronage over the years, and look forward to welcoming them at neighbouring Cineplex Cinemas Park Royal and VIP,” said Sarah Van Lange, executive director of communications. “I’ll note that our intent is to repurpose the Park & Tilford theatre space, which we’ll have more details on at a later date.”
https://www.vancouverisawesome.com/vancouver-news/park-tilford-cineplex-movie-theatre-permanently-closed-north-vancouver-bc-2365365
---------------------------------------------

OTHER NEWS & RUMORS:

Why Amazon’s Rumored Buyout of AMC Entertainment Makes Sense (May 12, 2020):
If Amazon can buy AMC, they can most certainly by CGX & dominate & control most of North America's movie theaters. Amazon would then control Hollywood! Why stop there, they should buy Cineworld too.
https://investorplace.com/2020/05/why-amazons-rumored-buyout-of-amc-entertainment-makes-sense
---------------------------------------------
AMC Entertainment Surges 56% on Report of Talks With Amazon (May 11, 2020):
https://finance.yahoo.com/news/amc-entertainment-surges-56-report-133822697.html
---------------------------------------------
Alert: Cineplex (TSX:CGX) Could Be Acquired by This Incredibly Unlikely Source (May 12, 2020):
Despite Cineworld maintaining its commitment to buy Cineplex, the market has a different opinion. Remember, Cineplex agreed to be acquired at $34 per share. As I type this, the stock trades at $14.44. There’s no way the spread would be that wide, unless investors were writing off the acquisition completely.
Fortunately for beleaguered Cineplex shareholders, a new suitor could very well come along — one virtually nobody sees coming.
Although I think there’s potential for a private equity group or some other deep-pocketed investor taking a run at Cineplex’s cheap assets, there’s a much more interesting suitor on the horizon.
That acquirer is Amazon.com (NASDAQ: AMZN).
https://www.fool.ca/2020/05/12/alert-cineplex-tsxcgx-could-be-acquired-by-this-incredibly-unlikely-source
---------------------------------------------
AMC says it will no longer play Universal Studios films (Apr 28, 2020):
“AMC believes that with this proposed action to go to the home and theaters simultaneously, Universal is breaking the business model and dealings between our two companies,” AMC Chief Executive Officer Adam Aron said in a letter addressed to Universal Studios Chairman Donna Langley.
Universal added that the company looked forward to having “additional private conversations” with AMC but was “disappointed by this seemingly coordinated attempt ... to confuse our position and our actions.”
https://www.cnbc.com/2020/04/28/amc-says-it-will-no-longer-play-universal-studios-films.html
---------------------------------------------
Cineworld joins AMC in banning films from Universal Studios (April 29, 2020):
Cineworld, the world’s second largest cinema chain, has followed its rival AMC in banning Universal Studios films from its cinemas when they reopen, after the Hollywood film-maker released Trolls On Tour direct to streaming platforms.
“There is a certain system of windows which are a custom in the market and this sets the time difference between the theatrical market and other ancillary markets, among them streaming. Any movie that will not respect this window will not be shown in Cineworld group,” Mooky Greidinger, Cineworld’s chief executive, said on Wednesday.
https://www.ft.com/content/3cc70161-e157-4ff1-bfbd-a886dd6d9af5
---------------------------------------------
Odeon bans all Universal Pictures films as studio skips cinema releases (Apr 29, 2020):
https://www.theguardian.com/film/2020/ap29/odeon-bans-all-universal-pictures-films-as-studio-skips-cinema-releases
---------------------------------------------
AMC Entertainment Holdings, Inc.
AMC Theatres (originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain headquartered in Leawood, Kansas, and is the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Cineworld and Cinemark Theatres.
https://en.wikipedia.org/wiki/AMC_Theatres
---------------------------------------------
Cineworld Group PLC
Cineworld is the world’s second largest cinema chain, with 9,518 screens across 790 sites in 11 countries: the UK, the US, Canada, Ireland, Poland, Romania, Israel, Hungary, Czechia, Bulgaria and Slovakia. The group’s primary brands are Regal (in the US), Cineworld and Picturehouse (in the UK & Ireland), Cinema City (throughout Europe) and Yes Planet (in Israel).
https://en.wikipedia.org/wiki/Cineworld
---------------------------------------------
And Action! All the Movies We Can't Wait to See in Summer 2020 and Beyond (May 22, 2020):
Fingers crossed that it’ll be safe to step into a theater this summer. If they open, there will be plenty to watch. “Summer hits are the popcorn movies,” says film historian, author and podcast host Leonard Maltin. “They can be the biggest box-office hits of the whole year.”
Rest of 2020:
  • To Wong Foo Thanks for Everything, Julie Newmar - VIP (Jun 1)
  • Unhinged (Jul 1)
  • Tenet (Jul 17)
  • Mulan (Jul 24)
  • Summerland (Jul 31)
  • Random Acts Of Violence (Jul 31)
  • The Spongebob Movie: Sponge on the Run (Aug 7)
  • Sound of Metal (Aug 14)
  • Wonder Woman 1984 (Aug 14)
  • Fatima (Aug 14)
  • The One And Only Ivan (Aug 14)
  • The New Mutants (Aug 20)
  • Bill & Ted Face the Music (Aug 21)
  • Antebellum (Aug 21)
  • Monster Hunter (Sep 4)
  • A Quiet Place Part II (Sep 4)
  • The Conjuring: The Devil Made Me Do It (Sep 11)
  • The King's Man (Sep 18)
  • Candyman (Sep 25)
  • Tom Clancy's Without Remorse (Oct 2)
  • BIOS (Oct 2)
  • Death On The Nile (Oct 9)
  • The Witches (Oct 9)
  • The French Dispatch (Oct 16)
  • Halloween Kills (Oct 16)
  • Snake Eyes (Oct 23)
  • Lord And Miller Connected (Oct 23)
  • Everybody's Talking About Jamie (Oct 23)
  • Come Play (Oct 30)
  • Black Widow (Nov 6)
  • Clifford The Big Red Dog (Nov 13)
  • Deep Water (Nov 13)
  • Godzilla Vs. Kong (Nov 20)
  • Soul (Nov 20)
  • Happiest Season (Nov 20)
  • James Bond ‘No Time To Die’ (Nov 25)
  • Free Guy (Dec 11)
  • Dune (Dec 18)
  • Untitled Coming To America Sequel (Dec 18)
  • West Side Story (Dec 18)
  • Top Gun: Maverick (Dec 23)
  • Untitled Tom & Jerry Film (Dec 23)
  • The Croods 2 (Dec 23)
  • News Of The World (Dec 25)
  • Escape Room 2 (Dec 30)
2021:
  • Mortal Kombat (Jan 15)
  • Peter Rabbit 2: The Runaway (Jan 15)
  • 355 (Jan 15)
  • Chaos Walking: The Knife of Never Letting Go (Jan 22)
  • Rumble (Jan 29)
  • Cinderella (Feb 5)
  • Nobody (Feb 26)
  • Ghostbusters: Afterlife (Mar 5)
  • Raya And The Last Dragon (Mar 12)
  • Sony/Marvel Morbius (Mar 19)
  • The Boss Baby 2 (Mar 26)
  • Reminiscence (Apr 16)
  • Ron's Gone Wrong (Apr 23)
  • Shang Chi And The Legend Of The Ten Rings (May 7)
  • Spiral: From The Book Of Saw (May 21)
  • Cruella (May 28)
  • F9 Fast & Furious (Apr 2)
  • Bob's Burgers (Apr 9)
  • Infinite (May 28)
  • Space Jam 2 (Jul 16)
  • Barb and Star Go to Vista Del Mar (Jul 16)
  • In the Heights (Jun 18)
  • Minions: The Rise Of Gru (Jul 2)
  • All This Victory (Aug 7)
  • The Woman in the Window (TBD 2021)
  • Blithe Spirit (TBD 2021)
  • The Personal History of David Copperfield (TBD 2021)
  • Greyhound (TBD)
& MUCH, MUCH MORE MOVIES than listed coming to the big screens.
THE 65 MOST ANTICIPATED MOVIES OF 2020 (May 20, 2020):
https://editorial.rottentomatoes.com/article/most-anticipated-movies-of-2020
---------------------------------------------
CONCLUSION:
Nothing beats watching a great movie on the big screen in premium format:
  • Prime Seats
  • IMAX
  • UltraAVX
  • D-Box
  • VIP Cinemas
  • 4DX
I'm sick of the congested internet & buffering of online movies & services during Covid19. They need to upgrade the internet infrastructure to 5G & Fiber Optics before it can really grow in my opinion -- especially buffering 4K & 8K movies & future tech that will only require more bandwidth going forward.
Younger people are not afraid of Covid19 like the older crowd. When theaters open, they will rush in to see their favourite movies.
Betting that people won't want to go to movie theaters when they re-open, is like betting the same against live sporting events or music concerts.
No home movie theater can match a real movie theater, even the smaller discount ones, unless you're Bill Gates or Jeff Bezos etc.
With Cineplex's Canadian Monopoly & diversification into other entertainment arenas like eSports & Virtual Reality, as long as they don't go bankrupt & social distancing restrictions are loosened, the stock should increase 2 to 3 times by end of 2021 in my opinion -- especially if the Cineworld Buyout goes as planned or another company like Amazon buys them out for a strong presence & control in Canada.
If a Coronavirus Vaccine is discovered sooner than later, then this stock will rebound accordingly & rapidly -- especially if they don't cancel or even if they do, resume Dividend payments in the future. At current prices, Dividend yield is about 13% per year.
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Social distance cinema: drive-in theatres boom – in pictures (May 5, 2020):
We are all social creatures & want to go to movie theater as a social activity, to see & be seen; otherwise, why would Drive In Movie theaters boom during Covid19?
If no one goes out to be seen anymore, then all the Vanity Goods & Services will go under too & we will all dress in sweat pants & T-Shirt -- no need for designer suits & dresses working & staying at home. LOL ;p
https://www.theguardian.com/world/gallery/2020/may/05/social-distance-cinema-drive-in-theatres-boom-coronavirus-in-pictures
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Internet Bandwidth Requirements:
Online streaming remains the biggest source of 4K content, led by Netflix and Amazon’s growing selection of original series. But many consumer broadband connections aren’t fast enough to allow reliable 4K streaming.
Home Theater Movie Resolutions:
  • 4K (UHD): 3,840 x 2,160 pixels
  • 1080p (Full HD): 1,920 x 1,080 pixels
  • 720p (HD): 1,280 x 720 pixels
  • 480p (SD): 640 x 480 pixels
  • 8K: 7,680 x 4,320 pixels
For comparison purposes, 70mm film - still considered by many to be the gold standard - is roughly equivalent to a 12K resolution in digital terms, so digital's still got some catching up to do on that score.
submitted by extriniti to wallstreetbets [link] [comments]

Wall Street Week Ahead for the trading week beginning June 22nd, 2020

Good Saturday morning to all of you here on StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning June 22nd, 2020.

The stock market is running out of steam with reopening trades fading and economic data ‘uneven’ - (Source)

Federal Reserve Chairman Jerome Powell is expected to reassure markets next week the central bank will do whatever it takes to help the economy heal. That should be enough to keep investors moving into stocks that benefit from an economic rebound and push the S&P 500 into the green for 2020.
The stock market, so eager to put the entire blow from the pandemic behind it, is now coming to terms that a “V-shaped” recovery might be too rosy a scenario.
With recent spikes in coronavirus cases and fluctuations in the economic data, the market seems to be stuck in a range amid elevated volatility. Market analysts said investors should expect more turbulence ahead because the economic recovery is most likely to be bumpy.
“The market was priced for a continuation of improvement and I think that’s overstating what’s going to happen,” said Brian Levitt, Invesco’s global market strategist. “We are going to have episodes of cases rising. We are going to have a very slow and uneven improvement in the jobs market.”
After soaring more than 40% from the March lows, the S&P 500 turned sideways in the past two weeks, trading at similar levels to early June. The market, which used to turn a blind eye to disastrous news on the thinking that the economy had already bottomed, has become more vulnerable to negative economic headlines as the data begins to give a read on the shape of the recovery.
Stocks came under pressure earlier this week after data showed weekly jobless claims rose more than expected last week, and the number stayed above 1 million for the 13th consecutive week.
And on the virus front, California, Texas, Florida and Arizona have reported an uptick in new infections and hospitalizations amid the reopening. Apple said Friday that it’s again closing some stores in Florida, North Carolina and Arizona due to the spikes in coronavirus cases, which sparked a sell-off in the market, especially among retail stocks.
“The economy is going to need more help to bounce back in months to come,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. “For now, volatility and choppy markets remain our base case as an uneven economic recovery likely unfolds.”

‘Rolling Ws’

The rally in those popular reopening trades — airlines, cruise lines and hotels — is seemingly losing steam. Shares of American Airlines and Delta posted their second straight weekly losses. So did Carnival, Norwegian Cruise and MGM Resorts. Those stocks were once the high-beta leaders of the market comeback as investors bet that a successful reopening would take hold.
“Although the stock market was suggesting a V-shaped recovery, the more likely scenario is rolling Ws,” Liz Ann Sonders, chief investment strategist at Charles Schwab, said in a note.
A similar market pattern happened during the financial crisis, pointed out by Nicholas Colas, co-founder of DataTrek Research. After stocks rallied nearly 40% from the 2009 bottom, the market was range-bound for about seven weeks so the fundamentals could catch up, Colas noted.
From a technical perspective, Matthew Maley, chief market strategist at Miller Tabak, is watching if the S&P 500 can break above its recent high of 3,232 or drop below the 3,000 threshold or its 200-day moving average of 3,018 as of Friday.
“Whichever way it breaks...should be an very important development in trying to determine how this critical juncture in the stock market will be resolved,” Maley said in a note.

Fed can’t prevent volatility

While the flattening virus curve played a big role in the market rebound, it’s no denying that the Federal Reserve’s unprecedented stimulus has been a key driver in lifting stocks from the coronavirus slump. The central bank unleashed another weapon in its arsenal this week, saying it will start buying individual corporate bonds.
As comforting as it is to have the Fed’s support, the central bank can only do so much to ease investor fears.
“The Fed can’t prevent the volatility we’re seeing in stocks,” Lindsey Bell, chief investment strategist at Ally Invest, said in a note. “It will likely take years for the economy to fully recover and there remain other uncertainties on the path ahead. As such, investors may continue to struggle with this mismatch between markets and the economy before seeing the case for new highs.”
Fed Chairman Jerome Powell reminded investors again this week in his semiannual testimony before Congress that “significant uncertainty remains about the timing and strength of the recovery.”
Many on Wall Street have also warned that extended policy measures including injection of trillions of cheap money would lead to problems down the road such as hyperinflation.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)

100 Days

100 days ago today on March 11th, the WHO made it official and declared the COVID-19 outbreak a pandemic. Markets were already under a lot of pressure before the WHO declared the pandemic, but the 100 days since will probably go down as some of the craziest 100 days we'll ever experience, not only in the market but in general society as well. More than enough ink and pixels have been spent discussing the societal impact at large, so we'll spare you and just focus on the markets.
While much of the declines were already in the rearview mirror by the time the WHO made its announcement, equities still had a steep decline in the immediate aftermath. The large-cap Russell 1000, for example, fell another 19% to its March 23rd closing low, but after the rebound, the net change since the pandemic was officially declared > has been a gain of 14.3%.
(CLICK HERE FOR THE CHART!)
As impressive as the Russell 1000's gain has been in the face of the global pandemic, many stocks have done a lot better than that. The table below lists the 25 stocks in the index that have seen the biggest gains so far during this pandemic. Topping the list is Wayfair (W) which has rallied more than 350%. If there is one thing Americans must have realized while they were stuck at home under lockdown it was that they needed some new furniture! Behind Wayfair, two other stocks have more than tripled and both were beaten down stocks from the Energy sector that were trading at less than $2 per share on March 11th. A number of familiar names standout including Moderna (MRNA), Twilio (TWLO), DocuSign (DOCU), Beyond Meat (BYND), and Etsy (ETSY), but looking through the list, there's really a diverse group of names ranging from bombed-out stocks from the Energy sector (8 stocks), Consumer names (7 stocks), and the ever-popular software stocks from the Technology sector (6 stocks). It's definitely been a rocky road for the markets over the last 100 days, but for anyone who had these names in their portfolio, they aren't complaining. Click here to view Bespoke's premium membership options for access to our weekly Bespoke Report which includes an update to our Stocks for the COVID economy portfolio that was released on March 11th.
(CLICK HERE FOR THE CHART!)

S&P 500 Industry Group Breadth Remains Positive

Equity markets have become a bit wobbly in the last week or so, but breadth, in terms of large-cap industry groups, still remains pretty robust. Relative to their 50-DMAs, all 24 S&P 500 industry groups still have rising 50-DMAs. When you consider the fact that the 50-day window spans the period going back to early April, a period encompassing most of what was one of the strongest 50-day rallies on record, the fact that every industry group has a rising 50-DMA isn't all that surprising.
(CLICK HERE FOR THE CHART!)
Even though all their 50-DMAs are rising, not every industry group is currently trading above its 50-DMA. While the reading briefly reached 100% in late May and early June, two industry groups have since pulled back below their 50-DMAs, putting the percentage at a still impressive 91.7%.
(CLICK HERE FOR THE CHART!)
The table below summarizes industry group performance showing YTD performance, where each one is trading relative to its 50-DMA, as well as where the group is trading relative to its 52-week high.
As mentioned above, all but two groups (Drugs & Biotech and Food & Staples Retail) remain above their 50-DMAs, and another four are less than 2% above their 50-DMA. If Friday's sell-off deepens into next week, the percentage of industry groups above their 50-DMAs has the potential to quickly sink as low as 75%. Of the 22 industry groups that are above their 50-DMAs, Autos and Tech Hardware are the only two greater than 10% above.
On a YTD basis, the S&P 500 is down less than 4%, but for the vast majority of industry groups, performance has been worse than that. Of the 24 groups shown, 16 are down more than 4% YTD, including eleven that are down over 10%. The worst performers of these losers include Energy, Banks, and Autos. While Energy gets most of the attention for being so weak, Banks are essentially down just as much! On the upside, just two industry groups are up over 10% (Retailers, which is basically Amazon, and Software & Services). Retailing is also the one industry group that is within 1% of a 52-week high and one of seven that is within 4% of a 52-week high.
(CLICK HERE FOR THE CHART!)

Credit Market Reversals

We've noted in detail the massive reversals seen in global equities over the last three months, but outside of equities, we've also seen some other massive moves. One example is credit spreads between the yields of corporate and high yield bonds relative to Treasuries.
The top chart below shows the spread in yields between the B of A Corporate Index relative to Treasuries going back to 1997, and below that, we show the 50-day rate of change in the spread. Heading into the COVID-crash, spreads on corporate bonds were less than 100 basis points (bps), meaning the corporate bond index was yielding only 1 percentage point more than comparable Treasury yields. In the span of less than two months, though, spreads surged by more than 300 bps to over 400 bps. Not since the depths of the credit crisis in 2009 had we seen spreads widen out more than they did in March. Just as notable as the level is the fact that the speed with which spreads widened during the COVID-crash was similar to the pace during the credit crisis.
While spreads were quick to spike during both crises, they narrowed nearly as fast both times. Going back to 1997, the most corporate spreads have ever narrowed over a 50-day period was in June 2009. Coming in at a close second place, though, the 50-day period ending in early June was nearly as extreme.
(CLICK HERE FOR THE CHART!)
Similar to spreads on corporate bonds, the movement in spreads on high yield (junk) credit has been nearly as extreme. While spreads on the B of A High Yield Master Index widened out by only half as much during the COVID-crash as they did during the Financial Crisis, the 50-day move ending in late March was easily more extreme than any other period outside of the credit crisis.
(CLICK HERE FOR THE CHART!)
A shown in both charts above, the only time both corporate and high yield spreads narrowed by an amount anywhere close to the amount they narrowed from late March through early June was back in early June of 2009. The chart below of the S&P 500 shows that point from the perspective of the S&P 500. That period in June 2009 was right in the early stages of what turned out to be a multi-year bull market. Given the similar tightening in the credit market now versus back then, should we assume a similar move for equities going forward?
After the last five months, we'll be the first to say that anything is possible. However, while there are plenty of similarities between the moves in credit markets over the last three months versus the first half of 2009, there are also important distinctions. The most important of these has to do with where the S&P 500 is trading right now. The second chart below shows the historical levels the S&P 500 has traded at relative to its all-time high. Even after the initial narrowing of credit spreads from March through early June 2009, the S&P 500 was still more than 40% off its all-time highs, and therefore still had a lot of climbing to do to get out of the hole. Back in June 2009, to get back to its all-time high from October 2007, the S&P 500 still had to rally another 75%. Today, it's a much different picture as the S&P 500 is already within 10% of its February 2020 all-time high. Could we be in the earlier stages of what turns out to be another long-term bull market? Sure. Will the magnitude of the gains be anything like the gains early on in the bull market that began in 2009? It's unlikely.
(CLICK HERE FOR THE CHART!)

The Very Slow Recovery In Economic Activity Is Continuing

As economies around the country slowly recover from COVID-19 and reopenings proceed, economic activity is slowly recovering. For the hardest-hit sectors, though, the recovery is only inching forward. Security checkpoint volumes at US airports are still down 80% YoY, and the trend of improvement is only set to return travel activity to 50% of 2019 levels in September.
For restaurants, OpenTable data shows covers down by two-thirds from last year, though some of that is because many restaurants remain closed. Among reopened establishments, the number of seated customers are still down almost 40% YoY. About half of restaurants remain closed per the OpenTable data. We discussed this chart and other retail enthusiasm indicators in last night's Closer report, which is available to Bespoke Institutional members.
(CLICK HERE FOR THE CHART!)

Leading Indicators Turn Positive

Yesterday, The Conference Board released last month’s reading for its Leading Economic Index (LEI), a composite of leading data series, which showed a month-over-month increase of 2.8%. As seen in the LPL Chart of the Day, the return to positive territory follows three straight months of negative monthly growth.
”We noted that the pace of the LEI’s deterioration slowed in the April report, potentially suggesting a bottom forming in the US economy,” said LPL Financial Senior Market Strategist Ryan Detrick. “Yesterday’s print was one of several positive economic data surprises we’ve observed recently, bolstering our optimistic view for economic growth in the second half of the year.”
(CLICK HERE FOR THE CHART!)
While the economy still has a ways to go in order to recover from the damage of the prior three months, the composition of May’s LEI advance encourages us. We noted a disconnect in April’s readout in which the financial market indicators tended to be net positive contributors while the “real economy” indicators detracted. May’s release saw a reversal of that trend whereby the economic subindexes played catch-up. Seven of the 10 components were positive contributors led by an improvement in average weekly initial unemployment claims, average weekly manufacturing hours, and building permits. The three negative contributors were the Institute for Supply Management (ISM) New Orders Index, average consumer expectations for business conditions, and the Leading Credit Index.
The most recent LEI release reinforces our view that an economic bottom is likely behind us. Workers starting to return to jobs that they were unable to do remotely had material effects on May’s readout, and if that trend continues, a stock market trading at stretched valuations would have a stronger foundation under it.

3 Charts That Have Our Attention

Stocks have shaken off the 5.9% S&P 500 Index drop last Thursday by gaining three days in a row before yesterday’s modest weakness. While researching and reading this week, three charts stood out that tell us quite a good deal about how investors have reacted during this volatile market and what could be next.
“Incredibly, we saw nearly a third of all investors over 65 years old sell their full equity holdings,” explained LPL Financial Senior Market Strategist Ryan Detrick. “With stocks now back near highs, this is yet another reason to have a plan in place before trouble comes, as making decisions when under duress can lead to the exact wrong decision.”
As shown in the LPL Chart of the Day, according to data from Fidelity Investments, nearly 18% of all investors sold their full equity holdings between February and May, while a much higher percentage that were closer to retirement (or in retirement) sold. Some might have bought back in, but odds are that many are feeling quite upset with the record bounce back in stocks here.
(CLICK HERE FOR THE CHART!)
Along these same lines, investors have recently moved to cash at a record pace. In fact, there is now nearly $5 trillion in money market funds, almost twice the levels we saw this time only five years ago. Also, the past three months saw the largest three-month change ever, as investors ran to the safety of cash. If you were looking for a reason stocks could continue to go higher over the longer term, there really is a lot of cash on the sidelines right now.
(CLICK HERE FOR THE CHART!)
Last, we noted last week that the extreme overbought nature of stocks here is actually consistent with the start of a new bull run, not a bear market bounce, or the end of a bull market. Adding to this, the spread between the number of stocks above their 50-day moving average and 200-day moving average was near the highest level ever. Think about it; with the 45% bounce in the S&P 500, many stocks were above their 50-day moving average, but not nearly as many were above their 200-day moving average. So from a longer-term perspective, there could still be gains to be had.
Sure enough, looking at other times that had wide spreads, they took place near the start of major bull markets. Near-term the potential is there for a well-deserved pullback, but going out 6 to 12 months, stocks have consistently outperformed.
(CLICK HERE FOR THE CHART!)

Election Year July Performance Tepid

July historically is the best performing month of the third quarter however, the mostly negative results in August and September tend to make the comparison easy. Two “hot” Julys in 2009 and 2010 where DJIA and S&P 500 both gained greater than 6% and a strong performance in 2013 and 2018 have boosted July’s average gains since 1950 to 1.2% and 1.1% respectively. Such strength inevitability stirs talk of a “summer rally”, but beware the hype, as it has historically been the weakest rally of all seasons (page 74, Stock Trader’s Almanac 2020).
July begins NASDAQ’s worst four months and is the third weakest performing NASDAQ month since 1971, posting a 0.5% average gain. Dynamic trading often accompanies the first full month of summer as the beginning of the second half of the year brings an inflow of new capital. This creates a bullish beginning, a soft week after options expiration and some strength towards the end.
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Election year Julys rank in the bottom half of all election year months. DJIA: 0.5%, 6th worst; S&P 0.4% 6th worst; NASDAQ (since 1972): -0.7% 3rd worst; Russell 2000 (since 1980): -0.2% 3rd worst.
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STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 19th, 2020

(CLICK HERE FOR THE YOUTUBE VIDEO!

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6.21.20

(CLICK HERE FOR THE YOUTUBE VIDEO!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $NKE
  • $RAD
  • $DRI
  • $WGO
  • $MKC
  • $WTI
  • $INFO
  • $ACN
  • $KBH
  • $SOHO
  • $FDS
  • $BB
  • $AVAV
  • $LZB
  • $XAIR
  • $CAAS
  • $MCF
  • $BWAY
  • $SNX
  • $GMS
  • $WOR
  • $QMCO
  • $AFMD
  • $EPAC
  • $WUBA
  • $USAT
  • $NG
  • $PDCO
  • $APOG
  • $PRGS
  • $FUL
  • $AEMD
  • $AIH
  • $YRD
  • $STAF
  • $UFAB
  • $CAMP
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.22.20 Before Market Open:

([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Monday 6.22.20 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.23.20 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.23.20 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.24.20 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 6.24.20 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.25.20 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 6.25.20 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.26.20 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 6.26.20 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Nike Inc $95.78

Nike Inc (NKE) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, June 25, 2020. The consensus earnings estimate is $0.03 per share on revenue of $8.35 billion and the Earnings Whisper ® number is $0.10 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 95.16% with revenue decreasing by 18.01%. Short interest has decreased by 0.8% since the company's last earnings release while the stock has drifted higher by 19.6% from its open following the earnings release to be 3.9% above its 200 day moving average of $92.17. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 7,691 contracts of the $102.00 call expiring on Friday, July 10, 2020. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 4.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Darden Restaurants, Inc. $70.27

Darden Restaurants, Inc. (DRI) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 25, 2020. The consensus estimate is for a loss of $1.78 per share on revenue of $1.25 billion and the Earnings Whisper ® number is ($1.68) per share. Investor sentiment going into the company's earnings release has 28% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 201.14% with revenue decreasing by 43.92%. Short interest has increased by 33.2% since the company's last earnings release while the stock has drifted higher by 108.3% from its open following the earnings release to be 27.4% below its 200 day moving average of $96.86. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 9, 2020 there was some notable buying of 3,882 contracts of the $70.00 call and 814 contracts of the $80.00 put expiring on Friday, July 17, 2020. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 8.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Rite Aid Corp. $12.41

Rite Aid Corp. (RAD) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 25, 2020. The consensus estimate is for a loss of $0.38 per share on revenue of $5.60 billion and the Earnings Whisper ® number is ($0.35) per share. Investor sentiment going into the company's earnings release has 60% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 171.43% with revenue increasing by 4.23%. Short interest has increased by 11.0% since the company's last earnings release while the stock has drifted higher by 0.6% from its open following the earnings release to be 1.6% below its 200 day moving average of $12.61. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, June 15, 2020 there was some notable buying of 1,617 contracts of the $14.00 call expiring on Friday, June 26, 2020. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 21.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Winnebago Industries, Inc. $68.36

Winnebago Industries, Inc. (WGO) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, June 24, 2020. The consensus estimate is for a loss of $0.41 per share on revenue of $325.94 million and the Earnings Whisper ® number is ($0.35) per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 135.96% with revenue decreasing by 38.38%. Short interest has increased by 12.4% since the company's last earnings release while the stock has drifted higher by 156.7% from its open following the earnings release to be 46.4% above its 200 day moving average of $46.69. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 19, 2020 there was some notable buying of 583 contracts of the $55.00 put expiring on Friday, July 17, 2020. Option traders are pricing in a 13.5% move on earnings and the stock has averaged a 10.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

McCormick & Company, Incorporated $172.20

McCormick & Company, Incorporated (MKC) is confirmed to report earnings at approximately 6:30 AM ET on Thursday, June 25, 2020. The consensus earnings estimate is $1.14 per share on revenue of $1.29 billion and the Earnings Whisper ® number is $1.18 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 1.72% with revenue decreasing by 0.91%. Short interest has decreased by 27.3% since the company's last earnings release while the stock has drifted higher by 23.1% from its open following the earnings release to be 7.4% above its 200 day moving average of $160.35. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 4.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

W&T Offshore Inc. $2.57

W&T Offshore Inc. (WTI) is confirmed to report earnings at approximately 4:45 PM ET on Monday, June 22, 2020. The consensus earnings estimate is $0.03 per share on revenue of $129.93 million and the Earnings Whisper ® number is $0.01 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 40.00% with revenue increasing by 11.93%. Short interest has increased by 95.3% since the company's last earnings release while the stock has drifted higher by 3.6% from its open following the earnings release to be 33.8% below its 200 day moving average of $3.88. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 5.1% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)

IHS Markit Ltd. $72.03

IHS Markit Ltd. (INFO) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, June 23, 2020. The consensus earnings estimate is $0.67 per share on revenue of $1.05 billion and the Earnings Whisper ® number is $0.68 per share. Investor sentiment going into the company's earnings release has 55% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 5.63% with revenue decreasing by 7.53%. Short interest has decreased by 27.7% since the company's last earnings release while the stock has drifted higher by 44.2% from its open following the earnings release to be 3.4% above its 200 day moving average of $69.69. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.4% move on earnings and the stock has averaged a 6.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Accenture Ltd. $201.55

Accenture Ltd. (ACN) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, June 25, 2020. The consensus earnings estimate is $1.84 per share on revenue of $10.94 billion and the Earnings Whisper ® number is $1.89 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 4.66% with revenue decreasing by 1.44%. Short interest has increased by 20.0% since the company's last earnings release while the stock has drifted higher by 33.2% from its open following the earnings release to be 5.6% above its 200 day moving average of $190.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 5, 2020 there was some notable buying of 1,740 contracts of the $190.00 put expiring on Friday, August 21, 2020. Option traders are pricing in a 6.8% move on earnings and the stock has averaged a 2.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Sotherly Hotels Inc. $2.96

Sotherly Hotels Inc. (SOHO) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, June 24, 2020. The consensus earnings estimate is $0.16 per share on revenue of $16.30 million. Investor sentiment going into the company's earnings release has 26% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 48.39% with revenue decreasing by 65.60%. Short interest has increased by 2,813.7% since the company's last earnings release while the stock has drifted lower by 43.4% from its open following the earnings release to be 39.4% below its 200 day moving average of $4.88. The stock has averaged a 3.0% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)

KB Home $32.29

KB Home (KBH) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, June 24, 2020. The consensus earnings estimate is $0.57 per share on revenue of $1.17 billion and the Earnings Whisper ® number is $0.49 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.76% with revenue increasing by 14.50%. Short interest has decreased by 2.1% since the company's last earnings release while the stock has drifted higher by 65.5% from its open following the earnings release to be 3.6% above its 200 day moving average of $31.18. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.7% move on earnings and the stock has averaged a 4.2% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead StockMarket.
submitted by bigbear0083 to StockMarket [link] [comments]

DD from 4/23-4/24, Live Nation, Oil, Starbucks, and Volume Info, TLDR and Plays included

Welcome back to the WSB DD Summary! This is for 4/23-4/24. I’m your host and resident autist u/expander2. You have to be able to read to gain anything from this so that rules out about half of you. As always, this is organized from most important at the top to least important at the bottom. A TLDR, plays, and previous DD summaries will be at the bottom. My last posts still stand and hold some good info so check it out for more plays if this isn't enough for you greedy fucks.

Welcome back Fuzzy, today we start with you.

LYV; We all love when u/fuzzyblankeet makes us look like autistic cavemen in comparison to his glorious intellect. Well folks, he has done it again. Hismost recent post goes through Live Nation (LYV). We get a breakdown of the company, their debt, the covenant and flexibility, and get some great takeaways. Now, fuzzy refuses to think for us because he (like a good daddy would) wants us to think for ourselves and get learned. I, however, love upvotes so I will gladly tell you smooth brained retards exactly what you can take away from fuzzy's post. Live Nation will make it through the pandemic easily. They have a spread out debt portfolio that is manageable and a shit ton of cash on hand. So you are all thinking, “Great, they are gonna be fine, no use in buying puts. Guess I'll find a different play.” and you are so fucking wrong I should break your legs. THEY HAVE A LOT OF CASH. This means that once we are through this, they will continue with the same business model they have been using and buy up mid-sized venues, smaller ticketing competitors, and TOTALLY DOMINANT in their market. Companies like Ticketfly, that have no money, will go under and will be bought further consolidating the industry. Live Nation will be an even bigger company than they are now and will absolutely go up in value. What can you take away from this? LONG CALLS. I know they aren't as fun. I know you have to be patient and that sucks but in the long run, you will make money. It's like buying Facebook before they bought Instagram.

OIL; Next we have oil in general. Everyone knows that tankers are a great play. What most people don't know is that land based oil storage is also going to rise. There are a lot of companies that offer land based storage but these companies are low volume and cheap options plays (Low volume doesn't mean you can't make money, I'll get into it later). According to this post, MPLX, PAA, PBFX, DKL, SHLX, CNXM, MMP, PAGP are all good bets when it comes to making money from land based storage. All most of these companies also report earnings in the beginning of May so If you want a firm expiry I would say buy calls expiring late May/ early June. Oil WILL MAKE MONEY and I will endorse this myself. I plan to buy in next week.

SBUX; Last, is Starbucks (SBUX). Now I don't do this often but I am going to inverse the post I am citing. Like the OP of this post said, Starbucks is coming off a good year. 9% global revenue growth, 539 New Stores (6% increase over prior year), American store sales up 6%, 3% increase in average ticket, returned $1.6 billion to shareholders through a combination of share repurchases and dividends. This is all great shit. Yes, they have a lot of stores closed, but drive by one of the open ones. There are lines weaving through the parking lots ALL DAY. They do not stop taking orders as long as they are open. BECKY will have her coffee no matter if there is a pandemic or a fucking tornado. I haven't looked into their 10-K or debt structure so I can't help with that but my belief is that they will make it through this fine.

VOLUME; Okay last thing. JUST BECAUSE THERE IS NOT MUCH VOLUME, DOES NOT MEAN YOU CANT MAKE MONEY. When you sell a position you don’t have to just hit send. Lower the price closer to the bid and it’ll get sold. Let’s say you buy a call for .36. This then goes up next week to being worth 1.44 however the highest bid is only 1.27. Instead of going to sell at 1.44, drop the price down to 1.35 and take the gains instead of hoping that they move the bid up. A gain of .91 to .99 is still good even if it is technically worth 1.08. Lock in what you have gained instead of being greedy. As long as there are more than 0 bids you can make money. There doesn’t have to be a ton of volume.

Good luck fuckers and tune in on Mondays, Wednesdays, and Fridays for more WSB DD Summaries!

TLDR; Live Nation will be fine and will do great long term, Land based oil storage is a good bet, Starbucks will do fine, Low volume does not equal no gains.
Plays; Long LYV calls, MPLX, PAA, PBFX, DKL, SHLX, CNXM, MMP, and PAGP calls for late May/early June, SBUX calls for late May/early June.
Previous WSB DD Summaries; 4/14-4/15, 4/16-4/20, 4/21-4/22


DISCLAIMER; I am not personally advocating for any play that I add to this list. I merely go through a couple of days of posts and find what I think is competent DD. PLAY AT YOUR OWN RISK.
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Boeing CEO Dennis Muilenburg resigns, but 737 Max concerns persist

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