Chart of the Day – August Intra-Month Pattern
This content is for members onlyChart of the Day: Brexcuses Brexcuses
Earlier today on Twitter, we asked people which S&P 500 company they thought had the most mentions of the term Brexit in their quarterly earnings conference call. The answer to that question was Goldman Sachs (GS), where the term was mentioned 22 times during its call! In today’s Chart of the Day sent to paid subscribers, we provided a summary of S&P 500 companies that have mentioned the term Brexit in their earnings conference calls grouped according to sector. As you might imagine, companies from some sectors made numerous mentions of Brexit in their conference calls, while among companies in other sectors, it was barely mentioned. To see the results of our analysis in today’s Chart of the Day, please start a 14-day free trial below.
Chart of the Day: Two Software Standouts
In today’s Chart of the Day sent to paid subscribers, we identified attractive chart formations for two software stocks that are both members of our Bespoke 50 list of top growth stocks in the Russell 3,000. To see the two stocks, please start a 14-day free trial below.
Chart of the Day – Slow Starts to Slow Days
If you’re the type of person who turns on the financial news in the morning, you’ve likely noticed that on most days recently, futures have been little changed. In fact, using the S&P 500 tracking ETF (SPY) as a proxy, the S&P 500 has gapped up or down at the open by less than 0.2% for four straight days. And through yesterday, the ten-day average opening gap of SPY was a record low +/-0.215% (since 1994 when SPY started trading). To put this lack of volatility into perspective, the median opening gap for SPY going back to 1994 has been +/-0.76%!
In today’s Chart of the Day sent to paid subscribers, we look at periods where SPY had similar 10-day periods with low volatility at the opening bell and see how the market performed going forward. To view the report, please start a 14-day free trial below.
Chart of the Day: Apple (AAPL) Earnings After the Close
Apple (AAPL) has been in a nasty downtrend since it peaked in early 2015. Sentiment towards the stock in the investment community is as negative as we can remember, at least in the post-iPod era.
In today’s Chart of the Day sent to paid subscribers, we provide a few thoughts on Apple (AAPL) heading into its earnings report after the close. To view the report, please start a 14-day free trial below.