Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Sep 16, 2021 at 8:56 AM
  • Buzz Stocks
 
Published on Sep 16, 2021 at 8:00 AM
  • The Week Ahead

Wall Street can expect a busy start to the latter part of September, as next week is packed full of economic data. On Monday, the National Association of Home Builders' (NAHB) index is due out, while housing data is on the docket for Tuesday. Wednesday things pick up, with a news conference from Federal Reserve Chairman Jerome Powell taking the spotlight. On Thursday, the bulk of next week's data is due out, including highly anticipated jobless claims data and and purchasing managers' index (PMI) updates. Closing the week out on a quiet note, Friday features some new home sales data.

Earnings, meanwhile, continue to trickle in. Next week's dockett features report from Adobe (ADBE), AutoZone (AZO), BlackBerry (BB), Costco (COST), General Mills (GIS), Nike (NIKE), Rite Aid (RAD), and Stitch Fix (SFIX).

Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.

Monday, Sept. 20 will bring the NAHB index.

On Tuesday, Sept. 21,building permits and housing starts data is slated for release.

Wednesday, Sept. 22 is going to be busy, with a report on exisiting home sales, a statement from the Federal Open Market Committee (FOMC), and a news conference from Federal Reserve Chairman Jerome Powell all due out.  

The busiest day of the week, however, is Thursday, Sept. 23, with initial and continuing jobless claims data updates and the Markit manufacturing PMI and Markit services PMI due out. In addition, leading economic indicators, real household net worth, and real nonfinancial debt data is on the agenda.

Closing out the week, new home sales are on the docket for Friday, Sept. 24.

Published on Sep 16, 2021 at 7:45 AM
  • Buzz Stocks

Today's Stock Market News & Events: 9/16/2021

by Schaeffer's Digital Content Team

The bulk of this week's economic data is due out today. This includes initial and continuing jobless claims data updates. In addition, retail sales and business inventories reports are due, as is the Philadelphia Fed manufacturing index.

No companies are due to release earnings today, September 16.

Looking ahead to tomorrow, the University of Michigan will release its preliminary consumer sentiment index to close out the busy week.

All economic dates listed here are tentative and subject to change.

Published on Sep 15, 2021 at 4:30 PM
  • Market Recap
  
Published on Sep 15, 2021 at 3:24 PM
  • Buzz Stocks

Is 3M Stock a Safe Bet for Your Portfolio?

by Schaeffer's Digital Content Team
 
Published on Sep 15, 2021 at 12:40 PM
Updated on Sep 15, 2021 at 1:54 PM
  • Quantitative Analysis

The shares of Novavax, Inc (NASDAQ:NVAX) have had an impressive year, more than doubling since Jan. 1, with the 320-day moving average capturing the security's most dramatic pullback in mid-May. The security has chopped its way back up the charts, and though its latest rally lost steam just below the $280 level, there's reason to believe the equity is ready to stage another bounce soon. 

To be more specific, NVAX just came within one standard deviation of its 40-day moving average after a lengthy period above the trendline. According to a study from Schaeffer's Senior Quantitative Analyst Rocky White, NVAX has seen five similar pullbacks to this moving average over the past three years. One month after these signals, NVAX was higher 60% of the time, but averaged an impressive 63.1% return in that time period. A similar move from its current perch at $226.36 would place the stock just below the $370 level, which would put it well past its Feb. 9 peak of $331.68. 

nvax stock sept 15

Analyst sentiment has remained bullish. Of the six in coverage, four say "strong buy," compared to two "hold" ratings. Meanwhile, the 12-month consensus price target of $264.20 is a 17.2% premium to current levels. 

The stock could benefit from a short squeeze as well. The 6.08 million shares sold short make up 8.2% of the stock's available float, and would take 1.17 days to cover at NVAX's average daily pace of trading. 

Now looks like an ideal time to get in on Novavax stock's next move with options. The equity's Schaeffer's Volatility Index (SVI) of 79% stands higher than just 17% of readings from the past 12 months, meaning options traders are pricing in relatively low volatility expectations for the time being. What's more, the stock's Schaeffer's Volatility Scorecard (SVS) comes in at 78 out of a possible 100. This means the stock tends to outperform these volatility expectations -- a good thing for buyers. 

Published on Sep 15, 2021 at 1:39 PM
Updated on Sep 15, 2021 at 1:51 PM
  • Buzz Stocks
 Options traders are blasting both securities in response to the scrutiny. 
Published on Sep 15, 2021 at 1:36 PM
  • Buzz Stocks
 
Published on Sep 15, 2021 at 12:15 PM
  • Ezines
  • Midday Market Check
 
Published on Sep 15, 2021 at 11:11 AM
  • Buzz Stocks

This Lithium Stock Could be an EV-Adjacent Winner

by Schaeffer's Digital Content Team
 
Published on Sep 15, 2021 at 10:41 AM
Updated on Sep 15, 2021 at 11:02 AM
  • Buzz Stocks
 
Published on Sep 15, 2021 at 10:08 AM
  • Buzz Stocks
 

Make the Most of the next Expiration Week Countdown!


 
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