Tag Archives: market lab report

Market Lab Report – Premarket Pulse 6/19/15

Major averages rose substantially yesterday on higher volume with the NASDAQ Composite finally surpassing its old high set in March 2000. The Russell 2000 also hit all time-highs but has been doing so since January 2013. Both the S&P 500 and DJIA closed above their respective 50-day moving averages. The market seems resilient with respect to issues in Greece as well as having reacted bullishly to the Federal Reserve’s announcement that rates would rise once it was clear the economy was turning a corner which, of course, remains to be seen despite a smattering of economically bullish reports. Futures are up this morning, shrugging off steep overnight declines in Chinese markets that saw the Shanghai Composite dive -6.4% to log its biggest weekly decline since October 2008, while the Shenzhen Index plummeted -6%. Chinese internet and mobile software developer of security applications Cheetah Mobile (CMCM) had a pocket pivot. Earnings and sales are soaring, group rank 2. Biotech Biomarin (BMRN) had a buyable gap up on positive news from its drug study. Group rank 4. Electronic postage stamp company Stamps.com (STMP) had a pocket pivot after it gapped up on a strong earnings report. Earnings and sales are accelerating, pretax margin 28.1%, ROE 21.6%, group rank 5. Thermal printer and RFID company Zebra Technologies (ZBRA) had a pocket pivot. Earnings and sales are accelerating, institutional sponsorship has grown over the last 3 quarters, group rank 31. Hair products company Helen of Troy (HELE) had a pocket pivot off its 10dma after it gapped up on a strong earnings report. Earnings and sales are accelerating, group rank 16.

Market Lab Report – Premarket Pulse 6/18/15

Major averages baby stepped their way higher yesterday on higher volume. The Federal Reserve left rates unchanged as expected but central bankers believe improving economic growth is likely to warrant one or two interest rate increases before the end of the year. Still, Fed Chairwoman Janet Yellen added that more progress is needed before the central bank would be ready to hike rates. Overall, Fed officials were cautiously optimist about the economy. Futures are currently up at the time of this writing. Electric vehicle and battery producer Tesla Motors (TSLA) had a pocket pivot. Sales are soaring but earnings are in the red. Still, earnings are projected at $3.41 in fiscal 2016. This is a higher risk speculative play on whether their battery technology is truly revolutionary. On-demand customer relationship management provider Salesforce.com (CRM) had a pocket pivot. Earnings are accelerating, institutional sponsorship has grown last 4 quarters, group rank 35.

Market Lab Report – Premarket Pulse 6/17/15

Major averages managed to claw their way back into positive territory yesterday, finishing near the top of their trading ranges, but on lower volume. Some of the strength was due to German Chancellor Angela Merkel saying there would be a Greek deal by Thursday. The risk-on Russell 2000 index is the closest to hitting new highs as it stands just 0.66% away from all-time highs. The Fed concludes its two-day meeting today at 2pm EDT. The CME Group FedWatch shows futures traders pricing in a 0% probability of a rate hike Wednesday, a 5% chance at the July meeting, a 26% chance at the September meeting, and a 46% chance at the October meeting. Nevertheless, should the economy lack vital signs, the 46% chance at the October meeting would naturally diminish substantially. Cloud-based human capital management software company Paycom Software (PAYC) had a pocket pivot yesterday. Earnings are soaring, sales are strongly accelerating, ROE 24%, group rank 36. Website hosting company GoDaddy.com (GDDY) had a pocket pivot. Earnings are still negative and expected to stay negative for several more quarters, though the company is the leader in its space. Group rank 28.