December 14, 2017

The NightCap

The Market:

A late day rally helped the market close well off the midday lows but all 4 major indices on the WSC Scorobard still finished down near or over 1%.  Based on the recent action, we expect to see lower levels in the short-term.

In individual sectors, Retail (XRT) was the hardest hit sector on the WSC Scorboard with Priceline (PCLN) finishing down over 9% on the session after reporting EPS which beat expectations but guidance that fell short.  We will be watching Ctrip.com (CTRP) which is scheduled to report EPS tomorrow, November 10th, after the close — CTRP was recently reinstated with a Buy rating and $130 price target at Goldman Sachs.

The bulk of this week’s Economic data will be reported on Thursday and Friday since Wednesday the banks are closed in observance of Veterans Day but the market will still be open.

A heartfelt thank you goes out to all of our Veterans.  The words never feel like enough to truly convey my appreciation for your courage and sacrifice.  You are all our heroes!

 

Index & Sector performance 11/9/15

 

Economic Calendar week of 11/9/15

 

Reported EPS 11/9/15 After the Close:

Companies reporting EPS 11/9/15 After the Close

 

Reporting EPS 11/10/15 Pre-Market:

Companies Reporting EPS 11/10/15 pre-market

 

Analyst Comments:

Upgrades 11/9/15

Downgrades 11/9/15

Initiations 11/9/15

Price Target Changes 11/9/15

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