Bespoke Market Calendar — November 2019
Please click the image below to view our November 2019 market calendar. This calendar includes the S&P 500’s average percentage change and average intraday chart pattern for each trading day during the upcoming month. It also includes market holidays and options expiration dates plus the dates of key economic indicator releases. Start a two-week free trial to one of Bespoke’s three premium research levels.
Flipping “Burgers”, Flopping IPOs
It has been roughly six months since Beyond Meat (BYND) made its initial public offering. Although the stock was sitting on nearly an 840% gain from its IPO price at its highs back in July, BYND has come back down to Earth especially after Tuesday’s 22% decline on earnings. Currently, the stock is “only” up 257% since its IPO having pared a large portion of its gains from the first few months after the IPO.
BYND has joined a number of stocks, such as Twilio (TWLO), GoPro (GPRO), Shake Shack (SHAK), and Acacia (ACIA), that have IPO’ed in the past few years, doubling or more in the first few months only to fall considerably in the times ahead. Of these, TWLO was the only one to have considerably recovered within the first 500 trading days while GoPro (GPRO) is the only one to fall below its IPO price.
Turning to some of the largest of this year’s class of IPOs, while not to the same extent as BYND, Zoom Video (ZM) and Crowdstrike (CRWD) saw a similar dynamic as both more than doubled in the first 50 days but fell in the following months. On the other hand, the ride sharing giants, Lyft (LYFT) and Uber (UBER), have yet to move back above the IPO price. Although BYND has not had immunity from the classic spike and tank pattern, the stock still has dramatically outperformed other IPOs. Start a two-week free trial to Bespoke Institutional to unlock access to our actionable research and interactive tools.
B.I.G. Tips – October and YTD 2019 Decile Analysis
Bespoke’s Morning Lineup – 11/1/19
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
The Closer – Spooky Price Action, Scary Savings, Wicked Wages – 10/31/19
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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we go over the technical picture of US stocks following today’s declines. We then show how earnings expectations have shifted recently for both small and large caps. Next, we review today’s economic data beginning with Core PCE which was weaker. We also show the rise in household savings rates and the mixed bag that was today’s Employment Cost index.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!
Bespoke Matrix of Economic Indicators – 10/31/19
Our Matrix of Economic Indicators is the perfect summary analysis of the US economy. We combine trends across the dozens and dozens of economic indicators in various categories like manufacturing, employment, housing, the consumer, and inflation to provide a directional overview of the economy.
To access our newest Matrix of Economic Indicators, start a two-week free trial to either Bespoke Premium or Bespoke Institutional now!
Bespoke’s Consumer Pulse Report — November 2019
Bespoke’s Consumer Pulse Report is an analysis of a huge consumer survey that we run each month. Our goal with this survey is to track trends across the economic and financial landscape in the US. Using the results from our proprietary monthly survey, we dissect and analyze all of the data and publish the Consumer Pulse Report, which we sell access to on a subscription basis. Sign up for a 30-day free trial to our Bespoke Consumer Pulse subscription service. With a trial, you’ll get coverage of consumer electronics, social media, streaming media, retail, autos, and much more. The report also has numerous proprietary US economic data points that are extremely timely and useful for investors.
We’ve just released our most recent monthly report to Pulse subscribers, and it’s definitely worth the read if you’re curious about the health of the consumer in the current market environment. Start a 30-day free trial for a full breakdown of all of our proprietary Pulse economic indicators.
Bespoke’s Sector Snapshot — 10/31/19
The Bespoke 50 Top Growth Stocks — 10/31/19
Every Thursday, Bespoke publishes its “Bespoke 50” list of top growth stocks in the Russell 3,000. Our “Bespoke 50” portfolio is made up of the 50 stocks that fit a proprietary growth screen that we created a number of years ago. Since inception in early 2012, the “Bespoke 50” has beaten the S&P 500 by 111.8 percentage points. Through today, the “Bespoke 50” is up 231.4% since inception versus the S&P 500’s gain of 119.6%. Always remember, though, that past performance is no guarantee of future returns. To view our “Bespoke 50” list of top growth stocks, please start a two-week free trial to either Bespoke Premium or Bespoke Institutional.
Long List of Today’s Triple Plays
Today is one of the busiest days of earnings season, and with these reports, we have also gotten a massive number of earnings triple plays over the past 24 hours. Since last night’s close, 22 companies have reported better than expected sales and EPS while also raising guidance. For reference, heading into today there were a total of only 35 triple plays this entire earnings season!
Charles River Associates (CRAI), a consulting firm, is up the most since last night’s close having risen more than 20%. Other stocks that have risen double-digits include Universal Display (OLED), ManTech (MANT), Ultra Clean Holdings (UCTT), and Teledoc (TDOC). Of all these triple plays, Inovalon (INOV) saw the largest gap up at the open, rising 13.94%. Despite that gap up, INOV has fallen since the open. On the other hand, only three companies, Generac (GNRC), YETI (YETI), and ACADIA Pharma (ACAD) gapped down today. While overall performance so far for this group of stocks has been strong with an average gain of over 4.7%, intraday performance has been somewhat weak. Just under half of them have sold off since the open. The worst of these is recent IPO Lyft (LYFT) which, as of this writing, has fallen almost 7% since the open, erasing all of its gap higher. Cigna (CI), Masimo (MASI) and FormFactor (FORM) have also more than erased this morning’s gap higher.
Using data from our Earnings Explorer, other stocks that have reported triple plays this earnings season have risen an average of 0.83% from open to close and have averaged a full-day gain of 4.86%. Looking at all triple plays throughout history since our data begins in 2001, those averages are 0.26% and 5.4%, respectively. In other words, this season’s triple plays including today have been doing better than average on an intraday basis, but have been slightly weaker in regards to the full-day stock price reaction. Start a two-week free trial to Bespoke Institutional to access our interactive Earnings Explorer and much more.
