November 4, 2019 8:53am

Futures point skyward yet, I have concerns of the consensus value of “our” universe or sector

Keeping track of the earnings’ season: RegMed Investors’ (RMi): Ready, aim, clear the estimates and forecast firing range, earnings release are set to light-up and down size the sector … https://www.regmedinvestors.com/articles/11084

When you’re on a roller coaster, the only thing you can be sure of is you’ll end up back where you started …

 

 

My version of the morning’s numbers is written to be informative than just about changes to fundamentals; it’s what happened or will beyond the headline and what could happen to the future

 

Dow futures are UP +0.58% (+158 points), S&P futures are UP +0.56% (+17 points) and NASDAQ futures are UP +0.73% (+58 points)

 

U.S. stock index futures are projected higher, boosted by optimism around a potential U.S.-China trade deal;

European stocks traded higher as investors kindle a risk-on approach from investors as the pan-European Stoxx 600 climbed +0.5% in early trade,

Asia Pacific stocks rose on news from U.S. Commerce Secretary Wilbur Ross said (Sunday) that licenses for American firms to sell to Chinese telecommunications giant Huawei will be granted “very shortly.”

Data Docket: None

 

Henry’omics:

The sector’s corporate earnings season – more expected this week and next but,  so far have been below estimates in forecasts in per share losses and revenue.

China and the U.S. have expectations for a deal being signed have increased. Last month, President Trump said both sides had come to a “very substantial phase one” trade agreement that is expected to be signed later in November <CNBC>.

 

Snap, crackle and pop - cereal or a sector drop ...?

 

Friday night’s newsletter heading: “sector rockets on first day of month as investor sentiment got a lift from much stronger-than-expected U.S. jobs data. At the least, November started with a bang and will probably finish with a whimper as earnings season initiated tax selling season. However, investors brace yourself for the smaller cap sector “participant’s” LPS (loss-per-share) reporting’ sessions.”

  • The NASDAQ closed UP +94.04 points (+1.13%);
  • The IBB closed up +2.34% while the XBI closed up +2.49%;
  • The close was positive with an Advance/Decline (A/D) line of 33/7, 2 flats, 1 reversed merged (HSGX) and 2 acquired;
  • The range of the 33 upside was +0.57% (BMRN) to +30.39% (BLCM +$0.24) while the 7 downside ranged from -0.66% (AGTC) to -3.04% (FIXX);
  • 8 out of the 33 upside had higher than the 3 month average volume;
  • 3 out of the 7 downside had higher than the 3 month average volume;

 

  • November is here, opening with 1 positive close
  • October registered 10 positive, 1 neutral and 14 negative closes
  • September, there were 1 holiday, 11 negative, 7 positive and 2 non reported sessions;

 

Companies in my headlights – It’s your decision; I provide an idea and context:

*** I can’t change my “tune” …  be mindful of upcoming quarterly results  and their effect upon share pricing … BUY and get trampled in the coming sessions or SELL into strength or just HOLD and wait to resolve relieve the earnings estimates and expectation anxiety.

 

 

Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.  All investments are subject to risks. Investors should consider investment objectives.

Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.