Futures move higher on US-China trade optimism

U.S. stock index futures were higher Thursday morning with market participants monitoring U.S.-China trade talks. ET, Dow Jones Industrial Average futures rose 83 points, indicating a positive open of more than 51 points. Futures on the S&P and Nasdaq were also seen slightly higher. Investors continue to follow news of the U.S.-China trade talks. Furthermore, the South China Morning Post reported that Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secret


U.S. stock index futures were higher Thursday morning with market participants monitoring U.S.-China trade talks. ET, Dow Jones Industrial Average futures rose 83 points, indicating a positive open of more than 51 points. Futures on the S&P and Nasdaq were also seen slightly higher. Investors continue to follow news of the U.S.-China trade talks. Furthermore, the South China Morning Post reported that Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secret
Futures move higher on US-China trade optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro
Keywords: news, cnbc, companies, higher, optimism, morning, uschina, president, talks, futures, points, expected, market, trade


Futures move higher on US-China trade optimism

U.S. stock index futures were higher Thursday morning with market participants monitoring U.S.-China trade talks.

At around 2:35 a.m. ET, Dow Jones Industrial Average futures rose 83 points, indicating a positive open of more than 51 points. Futures on the S&P and Nasdaq were also seen slightly higher.

Investors continue to follow news of the U.S.-China trade talks. President Donald Trump said Wednesday that talks were “going very well” as both sides look to reach an agreement before an early March deadline. Furthermore, the South China Morning Post reported that Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer. Wall Street closed higher Wednesday.

There is also more earnings due Thursday with Coca-Cola, Canada Goose and Canopy Growth among the major companies expected to report before the opening bell. Nvidia is due to publish earnings after the market close.

There is also a raft of data due later Thursday. Retail sales are expected at 8.30 a.m. ET with jobless claims and core PPI due at the same time.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: silvia amaro
Keywords: news, cnbc, companies, higher, optimism, morning, uschina, president, talks, futures, points, expected, market, trade


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Futures point to a triple-digit gain for Dow on US-China trade optimism

U.S. stock index futures were higher Wednesday morning, with market participants hopeful that Chinese and U.S. trade authorities will reach an agreement. ET, Dow Jones Industrial Average futures rose 108 points, indicating a positive open of more than 112 points. Investors continue to follow news out of U.S.-China trade talks. The positive sentiment in equity markets is also linked to tentative deal on border security funding, which could prevent another government shutdown. President Trump said


U.S. stock index futures were higher Wednesday morning, with market participants hopeful that Chinese and U.S. trade authorities will reach an agreement. ET, Dow Jones Industrial Average futures rose 108 points, indicating a positive open of more than 112 points. Investors continue to follow news out of U.S.-China trade talks. The positive sentiment in equity markets is also linked to tentative deal on border security funding, which could prevent another government shutdown. President Trump said
Futures point to a triple-digit gain for Dow on US-China trade optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: silvia amaro
Keywords: news, cnbc, companies, positive, futures, president, optimism, points, uschina, trump, trade, dow, et, gain, reach, market, point, tripledigit, open


Futures point to a triple-digit gain for Dow on US-China trade optimism

U.S. stock index futures were higher Wednesday morning, with market participants hopeful that Chinese and U.S. trade authorities will reach an agreement.

At around 2:18 a.m. ET, Dow Jones Industrial Average futures rose 108 points, indicating a positive open of more than 112 points. Futures on the S&P and Nasdaq were also seen slightly higher.

Investors continue to follow news out of U.S.-China trade talks. President Donald Trump suggested Tuesday that he might be open to postpone the current deadline of early March so that both sides can reach a deal. Failure to achieve an agreement would spark higher U.S. tariffs on Chinese goods.

The positive sentiment in equity markets is also linked to tentative deal on border security funding, which could prevent another government shutdown. President Trump said Tuesday he is not happy with this proposal but added he will be studying its details.

In corporate news, Teva Pharma and Cedar Fair are among the major companies expected to report their latest quarterly results before the opening bell. AIG, Cisco Systems and SVMK are all due to publish earnings after market close.

On the data front, there will be CPI numbers out at 8.30 a.m. ET time and the monthly federal budget will be out at 2 p.m. ET time.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: silvia amaro
Keywords: news, cnbc, companies, positive, futures, president, optimism, points, uschina, trump, trade, dow, et, gain, reach, market, point, tripledigit, open


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Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown

U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline. The trade dispute has already started to impact global


U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline. The trade dispute has already started to impact global
Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sam meredith
Keywords: news, cnbc, companies, global, avoid, tripledigit, help, deal, point, dispute, trade, market, expected, futures, dow, points, index, et, shutdown, tentative, gain


Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown

U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies.

At around 4:05 a.m. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Futures on the S&P 500 and Nasdaq Composite were also seen slightly higher.

Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline.

Both sides expressed hopes the new round of negotiations, which began in Beijing on Monday, would bring them closer to a comprehensive trade agreement.

The trade dispute has already started to impact global growth, with investors worried a protracted dispute could soon severely hurt corporate earnings.

Meanwhile, market sentiment got a boost amid news U.S. lawmakers had secured a tentative deal on border security funding on Monday.

The drafted agreement — which congressional aides said did not contain funds for President Donald Trump’s border wall — could help to prevent another partial government shutdown due to begin from Saturday.

In corporate news, Nissan, Under Armour and Shopify are among the major companies expected to report their latest quarterly results before the opening bell. Occidental Petroleum, Activision Blizzard and TripAdvisor are all due to publish earnings after market close.

On the data front, the NFIB Small Business Optimism Index for January is expected to be released at around 6:00 a.m. ET. Job Openings and Labor Turnover Survey (JOLTS) figures for December will be published later in the session.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sam meredith
Keywords: news, cnbc, companies, global, avoid, tripledigit, help, deal, point, dispute, trade, market, expected, futures, dow, points, index, et, shutdown, tentative, gain


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Dow futures point to a lower open as trade, political concerns linger

U.S. stock index futures were lower Monday morning, as investors monitored trade talks and political developments. ET, Dow futures slipped 31 points, indicating a negative open of more than 32 points. On Friday, Wall Street closed lower on the back of concerns over the ongoing trade war and slower economic growth concerns. Everest Re, FMC Corporation and Livent Corporation are among those scheduled to publish results after market close. There are no major economic reports scheduled on Monday.


U.S. stock index futures were lower Monday morning, as investors monitored trade talks and political developments. ET, Dow futures slipped 31 points, indicating a negative open of more than 32 points. On Friday, Wall Street closed lower on the back of concerns over the ongoing trade war and slower economic growth concerns. Everest Re, FMC Corporation and Livent Corporation are among those scheduled to publish results after market close. There are no major economic reports scheduled on Monday.
Dow futures point to a lower open as trade, political concerns linger Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: silvia amaro
Keywords: news, cnbc, companies, scheduled, trade, point, concerns, democrats, political, corporation, linger, futures, reports, dow, points, economic, open, lower


Dow futures point to a lower open as trade, political concerns linger

U.S. stock index futures were lower Monday morning, as investors monitored trade talks and political developments.

At around 1:45 a.m. ET, Dow futures slipped 31 points, indicating a negative open of more than 32 points. Futures on the S&P and Nasdaq were also seen relatively downbeat.

On Friday, Wall Street closed lower on the back of concerns over the ongoing trade war and slower economic growth concerns. The sentiment has continued onto Monday, ahead of further trade meetings between the U.S. and the Chinese administrations later this week. Time is running out ahead of the self-imposed deadlines of March 2. Failure to reach an agreement will raise U.S. tariffs on $200 billion worth of Chinese to 25 percent from 10 percent.

There is also a growing focus on a potential second government shutdown, given that Democrats and Republicans remain at odds over border policy. President Donald Trump tweeted this weekend “I actually believe they (Democrats) want a shutdown.”

Meanwhile, traders will monitor further earnings reports. Restaurant Brands International, CNA Financial Corporation and Kemper are among those expected to report their latest quarterly figures before the opening bell.

Everest Re, FMC Corporation and Livent Corporation are among those scheduled to publish results after market close.

There are no major economic reports scheduled on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: silvia amaro
Keywords: news, cnbc, companies, scheduled, trade, point, concerns, democrats, political, corporation, linger, futures, reports, dow, points, economic, open, lower


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UK 2018 economic growth weakest since 2012, as Brexit and global worries weigh

For 2018 as a whole, growth dropped to its lowest since 2012 at 1.4 percent, down from 1.8 percent in 2017. Exports suffered from global weakness and consumers and businesses grew increasingly concerned about the lack of a plan for when Britain is due to leave the European Union on March 29. Last week the BoE chopped its forecast for growth this year by 0.5 percentage points to 1.2 percent, which would be the weakest year since the 2009 recession. The final months of 2018 saw concerns about a gl


For 2018 as a whole, growth dropped to its lowest since 2012 at 1.4 percent, down from 1.8 percent in 2017. Exports suffered from global weakness and consumers and businesses grew increasingly concerned about the lack of a plan for when Britain is due to leave the European Union on March 29. Last week the BoE chopped its forecast for growth this year by 0.5 percentage points to 1.2 percent, which would be the weakest year since the 2009 recession. The final months of 2018 saw concerns about a gl
UK 2018 economic growth weakest since 2012, as Brexit and global worries weigh Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, percentage, britain, trade, plan, worries, growth, 2018, brexit, months, leave, economic, points, weigh, weakest, uk, global


UK 2018 economic growth weakest since 2012, as Brexit and global worries weigh

“GDP slowed in the last three months of the year with the manufacturing of cars and steel products seeing steep falls and construction also declining,” ONS statistician Rob Kent-Smith said.

For 2018 as a whole, growth dropped to its lowest since 2012 at 1.4 percent, down from 1.8 percent in 2017. Exports suffered from global weakness and consumers and businesses grew increasingly concerned about the lack of a plan for when Britain is due to leave the European Union on March 29.

Last week the BoE chopped its forecast for growth this year by 0.5 percentage points to 1.2 percent, which would be the weakest year since the 2009 recession.

The final months of 2018 saw concerns about a global slowdown hurt growth across major economies, due in part to trade tensions between the United States and China, and Brexit has remained an added challenge for Britain.

Monday’s data showed net trade lopped more than 0.1 percentage points from the fourth quarter growth rate. Falling business investment did similar damage.

Looking at December alone, the economy contracted by 0.4 percent, the biggest fall since March 2016.

Less than seven weeks before Britain is due to leave the EU, Prime Minister Theresa May has so far failed to win parliament’s backing for the plan she agreed with Brussels to avoid reimposing checks on goods exported from Britain.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, percentage, britain, trade, plan, worries, growth, 2018, brexit, months, leave, economic, points, weigh, weakest, uk, global


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Dow futures fall more than 100 points amid concerns over trade, growth

U.S. stock index futures were lower Friday morning, with market participants increasingly worried about a broadening global economic slowdown. ET, Dow Jones Industrial Average futures slipped 103 points, indicating a negative open of more than 108 points. Trump’s stance rattled investors hoping for a positive resolution to a long-running trade dispute between the world’s two largest economies. Elsewhere, the European Commission on Thursday sharply downgraded its forecast for euro zone economic g


U.S. stock index futures were lower Friday morning, with market participants increasingly worried about a broadening global economic slowdown. ET, Dow Jones Industrial Average futures slipped 103 points, indicating a negative open of more than 108 points. Trump’s stance rattled investors hoping for a positive resolution to a long-running trade dispute between the world’s two largest economies. Elsewhere, the European Commission on Thursday sharply downgraded its forecast for euro zone economic g
Dow futures fall more than 100 points amid concerns over trade, growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: sam meredith
Keywords: news, cnbc, companies, amid, economic, global, futures, trump, fall, xi, kim, growth, trade, points, dow, president, 100, meet, concerns


Dow futures fall more than 100 points amid concerns over trade, growth

U.S. stock index futures were lower Friday morning, with market participants increasingly worried about a broadening global economic slowdown.

At around 3:05 a.m. ET, Dow Jones Industrial Average futures slipped 103 points, indicating a negative open of more than 108 points. Futures on the S&P 500 and Nasdaq Composite were also seen relatively downbeat.

Market focus is largely attuned to global trade developments, after President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline to reach a deal.

Trump’s stance rattled investors hoping for a positive resolution to a long-running trade dispute between the world’s two largest economies.

While Trump and Xi are still expected to meet eventually, there’s too much work to do to flesh out a deal with China and prepare Trump for a high-stakes meeting with North Korea’s Kim Jong Un. Trump’s summit with Kim is set for Feb. 27-28.

Elsewhere, the European Commission on Thursday sharply downgraded its forecast for euro zone economic growth in 2019 and 2020. The news exacerbated fears that a global economic downturn is spreading to Europe.

Back in the U.S., investors are likely to monitor another fresh batch of corporate results on Friday. Arconic, Hasbro and Philips 66 are all expected to publish their latest quarterly earnings before the opening bell.

There are no major economic reports scheduled on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: sam meredith
Keywords: news, cnbc, companies, amid, economic, global, futures, trump, fall, xi, kim, growth, trade, points, dow, president, 100, meet, concerns


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Dow drops more than 350 points as sources tell CNBC Trump-Xi meeting unlikely before deadline

The Dow Jones Industrial Average dropped 373 points, while the S&P 500 and Nasdaq Composite both fell more than 1.5 percent. CNBC learned through a source that a meeting between the two leaders was “highly unlikely.” These companies’ stocks are seen as bellwethers for global trade given their exposure to overseas markets. The European Commission slashed its growth outlook for the euro zone this year as it expects the bloc’s largest economies to be held back by global trade tensions, among other


The Dow Jones Industrial Average dropped 373 points, while the S&P 500 and Nasdaq Composite both fell more than 1.5 percent. CNBC learned through a source that a meeting between the two leaders was “highly unlikely.” These companies’ stocks are seen as bellwethers for global trade given their exposure to overseas markets. The European Commission slashed its growth outlook for the euro zone this year as it expects the bloc’s largest economies to be held back by global trade tensions, among other
Dow drops more than 350 points as sources tell CNBC Trump-Xi meeting unlikely before deadline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: fred imbert
Keywords: news, cnbc, companies, dow, growth, drops, trumpxi, deadline, president, trump, kudlow, sources, points, outlook, fell, reported, unlikely, trade, meeting, tell, global


Dow drops more than 350 points as sources tell CNBC Trump-Xi meeting unlikely before deadline

Why this trader technician says the market could be flashing a sell signal 4 Hours Ago | 05:21

Stocks fell sharply on Thursday after CNBC reported that a meeting between President Donald Trump and Chinese President Xi Jinping is unlikely before a key March deadline.

The Dow Jones Industrial Average dropped 373 points, while the S&P 500 and Nasdaq Composite both fell more than 1.5 percent. The major averages fell to their lows of the day on the news.

CNBC learned through a source that a meeting between the two leaders was “highly unlikely.” China and the U.S. have until the start of March to strike a trade deal. Otherwise, additional tariffs on Chinese goods take effect. The source said a meeting between Xi and Trump could happen shortly after the deadline passes, but noted both sides have too much work ahead of them.

Earlier on Thursday, White House economic advisor Larry Kudlow said China and the U.S. were still far away on striking a trade deal. “We’ve got a pretty sizable distance to go here,” Kudlow told Fox Business, referring to the ongoing trade talks between the two largest world economies. Kudlow added President Donald Trump is “optimistic with respect to a potential trade deal.”

“The keystone in the wall of worry is the trade discord,” said Sam Stovall, chief investment strategist at CFRA Research. “Should the negotiations crumble so too will near term support for equity prices.”

Shares of Caterpillar and Deere fell 2 percent and 1.8 percent, respectively. Boeing also dropped about 1 percent. These companies’ stocks are seen as bellwethers for global trade given their exposure to overseas markets.

The market was already on edge as worries about the global economy were rekindled. The European Commission slashed its growth outlook for the euro zone this year as it expects the bloc’s largest economies to be held back by global trade tensions, among other issues. The Commission said euro zone growth will slow to 1.3 percent this year from 1.9 percent in 2018, before rebounding in 2020 to 1.6 percent.

That growth outlook sparked worries that the global economy could be slowing down. Similar fears contributed to the market’s sharp downturn in December. That decline briefly sent the S&P 500 into bear-market territory on an intraday basis.

The Bank of England also cut its 2019 outlook and sees the UK economy growing at its slowest pace since 2009.

Thursday’s decline comes as the corporate earnings season continues. Twitter reported quarterly earnings that beat analyst expectations on Thursday. However, shares of the social media company fell 10.6 percent as Twitter also issued light guidance. Fiat Chrysler and Cardinal Health are also among the companies that reported better-than-expected earnings.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: fred imbert
Keywords: news, cnbc, companies, dow, growth, drops, trumpxi, deadline, president, trump, kudlow, sources, points, outlook, fell, reported, unlikely, trade, meeting, tell, global


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Americans are starting to feel better about buying homes — sort of

Consequently, the share of Americans who say home prices will go up fell 1 percentage point to 30 percent. That share has been declining for four straight months and is down a whopping 22 percentage points from a year ago, according to Fannie Mae. Cooler home prices and lower interest rates certainly increase affordability and help consumers feel better about buying, but the biggest change influencing that sentiment is consumers’ perception of their own wealth. The share of those who say their h


Consequently, the share of Americans who say home prices will go up fell 1 percentage point to 30 percent. That share has been declining for four straight months and is down a whopping 22 percentage points from a year ago, according to Fannie Mae. Cooler home prices and lower interest rates certainly increase affordability and help consumers feel better about buying, but the biggest change influencing that sentiment is consumers’ perception of their own wealth. The share of those who say their h
Americans are starting to feel better about buying homes — sort of Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: diana olick, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, starting, percentage, points, americans, according, share, sort, better, feel, rates, fannie, buying, say, homes, rising, quarter, prices


Americans are starting to feel better about buying homes — sort of

More consumers now see the door to homeownership slowly squeaking open, but they still think it’s pretty pricey.

The share of Americans who say it is a good time to buy a home increased 4 percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae. The share is still down sizably from the start of 2018, when housing demand was soaring and home prices were rising at a much faster clip.

Home price gains have been shrinking since last summer and are now rising at the slowest pace in more than six years, according to CoreLogic. Consequently, the share of Americans who say home prices will go up fell 1 percentage point to 30 percent. That share has been declining for four straight months and is down a whopping 22 percentage points from a year ago, according to Fannie Mae.

While consumer confidence in housing is rising this year, it was still a bit unsteady in the fourth quarter of last year.

Seventy-six percent of potential home buyers estimated they could afford fewer than half the homes for sale in their markets, according to a year-end poll from the National Association of Home Builders. That share is lower than the 79 percent who shared that perception in the fourth quarter of 2017, but not by much.

“In the year ended in the fourth quarter of 2018, there was not a lot of change in how homebuyers perceived their ability to afford homes available in their markets,” said Rose Quint, author of the NAHB survey.

Attitudes toward homebuying are improving this year because it appears that mortgage rates will not be increasing as much as previously expected. The share of those who expect rates to go up over the next year fell 3 percentage points to 53 percent in the Fannie Mae survey. The Federal Reserve has signaled it may not be as aggressive in hiking interest rates as previously forecast.

“Overall, these results are in line with our forecast that, amid improving affordability conditions, home sales should stabilize in 2019 after declining last year for the first time in four years,” said Doug Duncan, Fannie Mae’s chief economist.

Cooler home prices and lower interest rates certainly increase affordability and help consumers feel better about buying, but the biggest change influencing that sentiment is consumers’ perception of their own wealth.

The share of those who say their household income is significantly higher than it was a year ago increased 8 percentage points to 27 percent. That is 11 percentage points higher from the same time last year.

In addition, fewer Americans said they were concerned about losing their jobs.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: diana olick, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, starting, percentage, points, americans, according, share, sort, better, feel, rates, fannie, buying, say, homes, rising, quarter, prices


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Lululemon’s up double digits in the last year and the chart points to another huge rally

Lululemon is up more than 85 percent in the past year in one of the top performances of the Nasdaq 100. “The chart looks fairly supported,” Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Tuesday. Gordon has an options trade to take advantage of the move he expects before Lululemon next reports earnings on March 26. “We’re going to pay $2.74 for a $10 spread risk so that means we’re going to risk $224 to potentially make $726. To manage risk, Gordon is also putting a


Lululemon is up more than 85 percent in the past year in one of the top performances of the Nasdaq 100. “The chart looks fairly supported,” Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Tuesday. Gordon has an options trade to take advantage of the move he expects before Lululemon next reports earnings on March 26. “We’re going to pay $2.74 for a $10 spread risk so that means we’re going to risk $224 to potentially make $726. To manage risk, Gordon is also putting a
Lululemon’s up double digits in the last year and the chart points to another huge rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: keris lahiff, michael short, bloomberg, getty images, ernesto distefano, brendan mcdermid, source, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, risk, gordon, trade, chart, earnings, stock, double, digits, going, lululemons, lululemon, huge, options, rally, volatility, points, weve


Lululemon's up double digits in the last year and the chart points to another huge rally

Lululemon is up more than 85 percent in the past year in one of the top performances of the Nasdaq 100.

One trader is betting it can stretch even further to new highs before the end of March.

“The chart looks fairly supported,” Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Tuesday. “I own it in my longer-term portfolio. I own the outright stock. I see some encouraging patterns here, something I want to lever up in the options market, see if we can get a move back above these old $160 highs.”

The athleisure retailer hit a record of $164.79 in October. It is currently 13 percent away from that high.

“I like the way the stock has recovered after that poor earnings report [in December],” said Gordon. “Just like a shot after that double bottom at $110 we’ve come up here very sharply. We’ve fallen into something called ‘a bull flag’ which is just a short-term consolidation, just a little bit of a breather as buyers step aside, let some profit-taking come in.”

Since bottoming out at around $110 in December, Lululemon shares have rallied 31 percent. Then, since late January, the shares have consolidated in a range of $144 to $152.

Gordon has an options trade to take advantage of the move he expects before Lululemon next reports earnings on March 26.

“We’re going to go out to these March 22 options,” he said. “This trade is designed to take you out before earnings. As I mention, implied volatility will go up as we head into that March report so that means the value of the option that we’re long, which is deeper in the money, the $155 will be pumped up, will help us. The $165 that we’re short will work against us as implied volatility goes up being that it’s further away from the money.”

Simply put, Gordon is buying the $155 call and selling the $165 call, betting on a move above $160.

“We’re going to pay $2.74 for a $10 spread risk so that means we’re going to risk $224 to potentially make $726. Certainly a good risk-reward ratio,” he said.

To manage risk, Gordon is also putting a stop loss on if the $2.74 trade sees a 50 percent drawback to around $1.37.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: keris lahiff, michael short, bloomberg, getty images, ernesto distefano, brendan mcdermid, source, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, risk, gordon, trade, chart, earnings, stock, double, digits, going, lululemons, lululemon, huge, options, rally, volatility, points, weve


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Dow rises 150 points as earnings season continues

Nearly half of S&P 500 companies have reported earnings so far, with about 70 percent of those companies topping analyst expectations, according to The Earnings Scout. “However, the beat rates are running below last quarter as the overall year-over-year rates of sales and earnings growth has decelerated,” said Nick Raich, CEO of The Earnings Scout, in a note to clients. “Most importantly, 1Q 2019 through 3Q 2019 S&P 500 EPS growth expectations continue to go lower with some providers already sho


Nearly half of S&P 500 companies have reported earnings so far, with about 70 percent of those companies topping analyst expectations, according to The Earnings Scout. “However, the beat rates are running below last quarter as the overall year-over-year rates of sales and earnings growth has decelerated,” said Nick Raich, CEO of The Earnings Scout, in a note to clients. “Most importantly, 1Q 2019 through 3Q 2019 S&P 500 EPS growth expectations continue to go lower with some providers already sho
Dow rises 150 points as earnings season continues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: fred imbert, johannes eisele, afp, getty images
Keywords: news, cnbc, companies, 2019, report, earnings, continues, companies, 150, raich, quarter, dow, rates, negative, note, sp, points, rises, season


Dow rises 150 points as earnings season continues

Nearly half of S&P 500 companies have reported earnings so far, with about 70 percent of those companies topping analyst expectations, according to The Earnings Scout.

“However, the beat rates are running below last quarter as the overall year-over-year rates of sales and earnings growth has decelerated,” said Nick Raich, CEO of The Earnings Scout, in a note to clients. “Most importantly, 1Q 2019 through 3Q 2019 S&P 500 EPS growth expectations continue to go lower with some providers already showing negative growth.”

FactSet data show that corporate earnings for the first quarter are expected to decline by 0.8 percent. Raich said, however, he expects earnings to continue growing in the first half of 2019. He added the negative estimates are mostly a byproduct of “low-balled estimates.”

Disney, Electronic Arts, Snap and Spirit Airlines are among the companies scheduled to report after the bell Tuesday.

Wall Street also looked ahead to the State of the Union, which comes more than a week after the longest government shutdown in U.S. history came to an end. Investors should be looking for clues on a number of matters, including U.S.-China trade talks

“We expect an optimistic tone on President Trump’s desire to strike a deal, but we remain cautious that these headlines are likely to whip around during any verification or enforcement phase,” Ed Mills, public policy analyst at Raymond James, wrote in a note to clients.

—CNBC’s Silvia Amaro contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: fred imbert, johannes eisele, afp, getty images
Keywords: news, cnbc, companies, 2019, report, earnings, continues, companies, 150, raich, quarter, dow, rates, negative, note, sp, points, rises, season


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