HI Financial Services Mid-Week Commentary 07-21-2015
Earnings are ALWAYS the most important !!! – Kevin Hurley
Why I collar in today’s stock market?
AAPL beat or met everything on earnings basically
EPS $1.80 vs est $1.76 to $1.80
Revenue 49.6 B vs est 49.0B
Guidance 46 to 48B vs est 50B for the next quarter
Net profit 10.7B vs est 10.3B
Macs 4.8 millionIphone sales up 35%
Iphone sales 47.5B vs est 50B
What’s happening this week and why?
Earning season and 25% of the S&P 500 report
Where will our market end this week?
Down for the weak due to the bell weather stocks that report this week.
DJIA – Broke the 50 day and 100 SMA but not yet technically bearish
SPX – Bullish
COMP – technically Bullish
Where Will the SPX end July 2015?
07-21-2015 I think the 2% I expected last month will come this month due to earnings and lower oil
07-14-2015 I think the 2% I expected last month will come this month due to earnings and lower oil
07-07-2015 I think the 2% I expected last month will come this month due to earnings and lower oil
What is on tap for the rest of the week?=
Tues: AAPL, VZ, GPRO, HOG, ISRG, MSFT, VMW, YHOO
Wed: SNDK, ABT, AXP, BA, KO, FFIV, LVS, LAD, OC, QCOM, TXN
Thur: V, T, MMM, ALK, AMZN, BMY, BSX, CAB, CAT, CELG, DNKN, DPS, GM, MCD, P, LUV, UNP, WM,
Fri: JCI, VFC, XRX
Wed: MBA, FHFA Housing Price Index, Existing Home Sales
Thur: Initial Claims, Continuing Claims, Leading Indicators,
Fri: New Home Sales
Wed – GB: BOE Minutes, JP: Merchandise Trade
Thursday – JP: PMI Manufacturing, CN: PMI Flash Mfg Index
How I am looking to trade?
I am preparing for earnings and started two weeks ago.
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