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AFTER MARKET UPDATE - THURSDAY, FEBRUARY 20TH, 2020
Previous After Market Report Next After Market Report >>>
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DOW |
-128.05 |
29,219.98 |
-0.44% |
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Volume |
926,345,090 |
+12% |
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Volume |
2,710,667,000 |
+10% |
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NASDAQ |
-66.22 |
9,750.96 |
-0.67% |
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Advancers |
1,774 |
62% |
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Advancers |
1,727 |
55% |
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S&P 500 |
-12.92 |
3,373.23 |
-0.38% |
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Decliners |
1,098 |
38% |
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Decliners |
1,438 |
45% |
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Russell 2000 |
+3.50 |
1,696.07 |
+0.21% |
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52 Wk Highs |
236 |
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52 Wk Highs |
213 |
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S&P 600 |
+4.65 |
1,020.96 |
+0.46% |
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52 Wk Lows |
61 |
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52 Wk Lows |
53 |
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Breadth Positive as Major Indices Pulled Back With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow declined 128 points, while the S&P 500 lost 0.4%. The Nasdaq Composite dropped 0.7%. Advancers led decliners by a 3-2 margin on the NYSE and by 9-7 on the Nasdaq exchange. The reported volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. There were fewer high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, down from the 139 on the prior session. New 52-week highs totals again solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices' (M criteria) remain in a confirmed uptrend. Disciplined investors buy individual stocks on a case-by-case basis only if all key criteria are met. The Featured Stocks Page provides the most timely analysis on high-ranked leaders. Charts used courtesy of www.stockcharts.com
PICTURED: The Dow Jones Industrial Average is consolidating near its all-time high, well above its 50-day moving average (DMA) line.
Stocks finished lower Thursday, as investors assessed the economic impact on corporate earnings from the coronavirus. Newly confirmed cases are quickly increasing in South Korea, although reported cases in China appear to be moderating.
Eight of 11 S&P 500 sectors ended the day in negative territory with Tech shares leading the decline. In M&A news, E-Trade Financial (ETFC +21.81%) surged after news the discount brokerage firm will be acquired by Morgan Stanley (MS -4.58%) for $13 billion. L Brands (LB -4.80%) after agreeing to sell 55% of its Victoria Secret brand to private equity firm Sycamore Partners. In earnings, ViacomCBS (VIAC -17.89%) fell after missing consensus profit and revenue estimates. Zillow Group (Z +16.82%) after the online real estate company posted a smaller-than-expected quarterly loss.
On the data front, the leading index for economic indicators rose 0.8% in January, rebounding from its worst monthly reading since 2016. Another report showed initial jobless claims rose to 210,000 in the most recent week, slightly above the prior 206,000 figure. Separately, the gauge for February’s Philadelphia Fed business outlook unexpectedly strengthened to the highest level since 2017. Treasuries strengthened, with the yield on the benchmark 10-year note losing four basis points to 1.52%.
FOREX trading garnered attention, with the U.S. dollar extending its recent rally against a basket of its peers, strengthening to its highest level since May 2017. In commodities, gold gained 0.7% to $1,619.00/ounce hitting a seven-year high. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.44%) and the Broker/Dealer Index ($XBD +1.27%) both posted solid gains while the Retail Index ($RLX +0.13%) posted a smaller gain. The Semiconductor Index ($SOX -1.53%) and the Networking Index ($NWX -0.30%) both lost ground while the Biotech Index ($BTK +0.09%) held its ground. The Oil Services Index ($OSX -0.46%) edged lower while the Integrated Oil Index ($XOI -0.01%) and Gold & Silver Index ($XAU +0.15%) both finished the session little changed.
PICTURED: The Broker/Dealer Index ($XBD +1.27%) hit a new record high as it posted a solid gain.
| Oil Services |
$OSX |
64.25 |
-0.30 |
-0.46% |
-17.93% |
| Integrated Oil |
$XOI |
1,135.67 |
-0.25 |
-0.02% |
-10.62% |
| Semiconductor |
$SOX |
1,949.25 |
-30.25 |
-1.53% |
+5.39% |
| Networking |
$NWX |
559.25 |
-1.70 |
-0.30% |
-4.14% |
| Broker/Dealer |
$XBD |
309.19 |
+3.87 |
+1.27% |
+6.48% |
| Retail |
$RLX |
2,691.03 |
+3.61 |
+0.13% |
+9.87% |
| Gold & Silver |
$XAU |
107.90 |
+0.16 |
+0.15% |
+0.92% |
| Bank |
$BKX |
109.36 |
+0.47 |
+0.43% |
-3.53% |
| Biotech |
$BTK |
5,313.05 |
+4.56 |
+0.09% |
+4.85% |
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Perched at Record High After 4th Consecutive Gain on Light Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Lululemon Athletica (LULU +$1.17 or +0.45% to $263.68) is extended from any sound base and it hit yet another new all-time high with today's 4th consecutive gain backed by light volume. Its 50-day moving average (DMA) line ($239) and prior low ($231.84 on 1/27/20) define important near-term support to watch. Fundamentals remain strong. LULU was last shown in this FSU section was on 1/30/20 with an annotated graph under the headline, "Volume Totals Cooling While Hovering Near All-Time High". It reported earnings +28% on +23% sales revenues for the Oct '19 quarter. LULU has reported 8 consecutive quarterly earnings comparisons above the +25% minimum guideline (C criteria). It currently has a 96 Earnings Per Share Rating. Its Timeliness rating is A and Sponsorship rating is C. The current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. The number of top-rated funds owning its shares rose from 1,041 in Jun '18 to 1,468 in Dec '19, a good sign concerning the I criteria. It has a new CEO as of 8/20/18. LULU was first featured in yellow at $23.83 (split adjusted after 2:1 split effective 7/21/11) in the October 8, 2010 mid-day report (read here) and it traded up as much as +163.7% in a little more than 9 months. As previously noted - "In a bullish market, many high-ranked leaders offer multiple opportunities to accumulate their shares under the fact-based system's strict guidelines. Patience may often allow another ideal base or secondary buy point to possibly develop and be noted." Charts courtesy of www.stockcharts.com
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
FTNT
-
NASDAQ
Fortinet Inc
Computer Sftwr-Security
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$118.00
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-1.20
-1.01% |
$119.94
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1,166,700
103.16% of 50 DAV
50 DAV is 1,131,000
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$121.82
-3.14%
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12/9/2019
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$103.85
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PP = $106.10
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MB = $111.41
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Most Recent Note - 2/19/2020 2:52:04 PM
G - It is extended from any sound base and the 50 DMA line ($113) and prior low ($112.06) define important near-term support to watch. Reported earnings +29% on +21% sales revenues for the Dec '19 quarter, continuing its strong earnings track record above the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Fortinet Posted Gain for Best-Ever Close - 2/4/2020 |
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C
A
S
I |
SPSC
-
NASDAQ
S P S Commerce Inc
COMPUTER SOFTWARE and SERVICES - Application Software
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$57.77
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-1.73
-2.91% |
$59.64
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326,223
196.64% of 50 DAV
50 DAV is 165,900
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$62.26
-7.21%
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11/29/2019
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$56.59
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PP = $59.24
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MB = $62.20
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Most Recent Note - 2/19/2020 2:57:11 PM
Y - Pulling back today following 4 consecutive gains for new all-time highs. Volume-driven gains above its pivot point triggered a new technical buy signal. Reported earnings +30% on +12% sales revenues for the Dec '19 quarter versus the year ago period. Found support near its 50 DMA line ($57) during its recent consolidation. Its current Relative Strength Rating of 77 is below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Perched Near High Finding Support at 50-Day Average - 2/3/2020 |
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C
A
S
I |
AUDC
-
NASDAQ
Audiocodes Ltd
ELECTRONICS - Scientific and Technical Instrum
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$25.01
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+1.07
4.47% |
$25.16
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415,960
119.53% of 50 DAV
50 DAV is 348,000
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$28.73
-12.95%
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9/13/2019
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$19.68
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PP = $19.84
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MB = $20.83
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Most Recent Note - 2/20/2020 5:09:15 PM
G - Rebounded above its 50 DMA line ($24.95) with today's gain. Still faces resistance due to overhead supply up to the $28 level. Fundamentals remain strong after it reported earnings +30% on +15% sales revenues for the Dec '19 quarter.
>>> FEATURED STOCK ARTICLE : Rebounding After Damaging Losses Triggered Sell Signals - 2/14/2020 |
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C
A
S
I |
CHDN
-
NASDAQ
Churchill Downs Inc
LEISURE - Gaming Activities
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$163.44
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-0.93
-0.57% |
$165.76
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192,945
96.96% of 50 DAV
50 DAV is 199,000
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$164.22
-0.47%
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10/8/2019
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$129.77
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PP = $132.83
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MB = $139.47
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Most Recent Note - 2/18/2020 12:16:54 PM
G - Perched at its 52-week high following a streak of gains. Its 50 DMA line ($141.79) defines near-term support above the prior low ($132.55 on 1/03/19) The Jun and Sep '19 quarterly earnings versus the year ago periods were both below the +25% minimum guideline (C criteria) and raised fundamental concerns.
>>> FEATURED STOCK ARTICLE : Perched at New Record High After Recent Gains on Average Volume - 2/7/2020 |
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C
A
S
I |
LULU
-
NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing
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$263.68
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+1.17
0.45% |
$266.20
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1,510,625
82.32% of 50 DAV
50 DAV is 1,835,000
|
$259.74
1.52%
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9/6/2019
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$201.25
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PP = $194.35
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MB = $204.07
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Most Recent Note - 2/18/2020 5:21:44 PM
G - Extended from any sound base and it hit yet another new all-time high with today's gain backed by light volume. Its 50 DMA line ($237.81) and prior low ($231.84 on 1/27/20) define important near-term support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Perched at Record High After 4th Consecutive Gain on Light Volume - 2/20/2020 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
CPRT
-
NASDAQ
Copart Inc
SPECIALTY RETAIL - Auto Dealerships
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$97.30
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-7.20
-6.89% |
$100.48
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7,176,613
456.24% of 50 DAV
50 DAV is 1,573,000
|
$104.88
-7.23%
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1/2/2020
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$92.80
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PP = $92.51
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MB = $97.14
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Most Recent Note - 2/20/2020 12:26:57 PM
G - Found prompt support after gapping down today and undercutting its 50 DMA line ($96.21). Reported earnings +25% on +19% sales revenues for the Jan '20 quarter. Halted its slide near prior highs in the $91-92 area.
>>> FEATURED STOCK ARTICLE : Perched at Record High With Earnings News Due - 2/18/2020 |
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C
A
S
I |
SPLK
-
NASDAQ
Splunk Inc
Computer Sftwr-Database
|
$173.41
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-0.76
-0.44% |
$175.26
|
1,459,143
97.08% of 50 DAV
50 DAV is 1,503,000
|
$174.08
-0.38%
|
11/25/2019
|
$147.79
|
PP = $142.16
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MB = $149.27
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Most Recent Note - 2/19/2020 5:31:26 PM
G - Posted a 7th consecutive gain on light volume today for a new all-time high. It is extended from the previously noted base. Its 50 DMA line ($156) defines important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched at Record High After 7th Consecutive Gain - 2/19/2020 |
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C
A
S
I |
PAYC
-
NYSE
Paycom Software Inc
COMPUTER SOFTWARE and SERVICES - Application Software
|
$310.33
|
-14.15
-4.36% |
$325.17
|
939,910
106.08% of 50 DAV
50 DAV is 886,000
|
$342.00
-9.26%
|
11/20/2019
|
$252.97
|
PP = $259.81
|
|
MB = $272.80
|
Most Recent Note - 2/20/2020 5:12:26 PM
G - Pulled back today with near average volume after 5 consecutive gains. Its 50 DMA line ($289.56) and prior low ($288.10 on 2/06/20) define near-term support. More damaging losses would raise concerns and trigger a technical sell signal. Fundamentals remain strong after it reported earnings +41% on +29% for the Dec '19 quarter.
>>> FEATURED STOCK ARTICLE : Pulled Back Near 50-Day Average Following Strong Earnings Report - 2/11/2020 |
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C
A
S
I |
BLD
-
NYSE
Topbuild Corp
Bldg-Constr Prds/Misc
|
$123.83
|
+0.40
0.32% |
$124.73
|
267,626
93.90% of 50 DAV
50 DAV is 285,000
|
$120.74
2.56%
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12/9/2019
|
$109.71
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PP = $113.84
|
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MB = $119.53
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Most Recent Note - 2/19/2020 3:00:03 PM
G - Hitting another new 52-week high today rallying further above its "max buy" level. Prior high ($113.74) defines near-term support above its 50 DMA line ($110).
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Near All-Time High - 2/6/2020 |
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C
A
S
I |
TEAM
-
NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs
|
$148.98
|
-3.07
-2.02% |
$152.18
|
1,105,386
70.90% of 50 DAV
50 DAV is 1,559,000
|
$155.78
-4.37%
|
1/24/2020
|
$144.66
|
PP = $140.49
|
|
MB = $147.51
|
Most Recent Note - 2/18/2020 5:26:54 PM
G - Extended from the prior base and perched above its "max buy" level. Rallied from a cup-with-handle base pattern with volume +514% above average behind the considerable gain on 1/24/20 triggering a technical buy signal. Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter.
>>> FEATURED STOCK ARTICLE : Atlassian Has Been Hovering Near its All-Time High - 2/12/2020 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
GLOB
-
NYSE
Globant SA
Computer-Tech Services
|
$125.99
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-3.18
-2.46% |
$134.60
|
455,633
189.85% of 50 DAV
50 DAV is 240,000
|
$131.00
-3.82%
|
11/14/2019
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$106.87
|
PP = $112.43
|
|
MB = $118.05
|
Most Recent Note - 2/19/2020 2:53:57 PM
G - Due to report earnings news. Perched near its all-time high, extended from any sound base. Its prior high ($112.33) and 50 DMA line ($114.84) define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure After Wedging to New Highs - 2/5/2020 |
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C
A
S
I |
STNE
-
NASDAQ
Stoneco Ltd Cl A
Finance-CrdtCard/PmtPr
|
$43.73
|
-0.58
-1.31% |
$44.08
|
1,641,422
95.93% of 50 DAV
50 DAV is 1,711,000
|
$45.72
-4.35%
|
1/22/2020
|
$43.94
|
PP = $45.72
|
|
MB = $48.01
|
Most Recent Note - 2/19/2020 2:58:57 PM
Y - Posting a 5th gain in the span of 6 sessions. Recently found support near its 50 DMA line ($41). Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Violation Hurts Outlook - 2/10/2020 |
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C
A
S
I |
DAVA
-
NYSE
Endava Plc Cl A Ads
Computer-Tech Services
|
$55.43
|
+0.20
0.36% |
$55.75
|
146,474
138.18% of 50 DAV
50 DAV is 106,000
|
$55.50
-0.13%
|
2/13/2020
|
$53.71
|
PP = $49.86
|
|
MB = $52.35
|
Most Recent Note - 2/19/2020 5:37:09 PM
G - Posted a solid gain today for a best-ever close above its "max buy" level and its color code is changed to green. Prior highs in the $49 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakout Gain Backed By +462% Above Average Volme - 2/13/2020 |
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C
A
S
I |
|
|
|
THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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