B.I.G. Tips — Health Care Sector Oversold
This content is for members onlyB.I.G. Tips – November 2016 Seasonality and Calendar
This content is for members onlyB.I.G. Tips – Beats Get Beaten
So far this earnings season, 67% of the companies that have reported their quarterly numbers have beaten consensus analyst earnings per share estimates. That’s actually a very strong reading relative to the historical average earnings beat rate. As shown below, sectors like Technology, Financials, and Industrials have posted even stronger beat rates this season. A whopping 78% of Tech stocks have beaten estimates.
Unfortunately for market bulls, the strong beat rate has not translated into higher stock prices. In a B.I.G. Tips report just published for Premium and Institutional subscribers, we look into this phenomenon — explaining why it’s happening and what it might mean for the market and the individual stocks that are getting hit after they report earnings.
To view our just-published B.I.G. Tips report titled “Beats Get Beaten,” sign up for a monthly Bespoke Premium membership and get 10% off for life ($89/month).
B.I.G. Tips – Caterpillar Sales Stable
This content is for members onlyB.I.G. Tips – Last Hour Winners and Losers
In yesterday’s Chart of the Day, we highlighted the pattern within the S&P 500 since the August high where there has been a steady stream of sellers coming into the market in the final hour of trading. To further illustrate the last hour weakness we have seen, consider the fact that YTD through 8/15 the S&P 500 traded higher in the last hour of trading 62% of the time. Additionally, in the 35 trading days following the two-day Brexit sell-off, the last hour of the day was positive 74% of the time. In the 44 trading days since the 8/15 closing high, however, the S&P 500 has traded lower in the last hour of trading more than half of the time (52%).
In order to get a better understanding of what has been driving the last hour weakness in equities over the last two months, in our most recent B.I.G. Tips report, we analyzed the last hour performance of individual stocks during this period to see which ones, and collectively which sectors, have been driving the weakness. Conversely, we also wanted to get a read on what areas of the market were potentially bucking the trend. To view this report, sign up for a monthly Bespoke Premium membership and get 10% off for life ($89/month).