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AFTER MARKET UPDATE - FRIDAY, FEBRUARY 3RD, 2017
Previous After Market Report Next After Market Report >>>
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DOW |
+186.55 |
20,071.46 |
+0.94% |
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Volume |
1,010,497,630 |
-2% |
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Volume |
1,628,541,950 |
-13% |
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NASDAQ |
+30.57 |
5,666.77 |
+0.54% |
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Advancers |
2,327 |
79% |
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Advancers |
2,133 |
74% |
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S&P 500 |
+16.57 |
2,297.42 |
+0.73% |
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Decliners |
614 |
21% |
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Decliners |
746 |
26% |
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Russell 2000 |
+20.41 |
1,377.84 |
+1.50% |
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52 Wk Highs |
180 |
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52 Wk Highs |
166 |
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S&P 600 |
+13.12 |
841.34 |
+1.58% |
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52 Wk Lows |
14 |
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52 Wk Lows |
31 |
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Major Averages Rose With Healthier Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow was down 0.1%, the S&P 500 added 0.1%, and the Nasdaq gained 0.1%. Stocks finished firmly higher on Friday. The Dow was up 186 points to 20071. The S&P 500 added 16 points to 2297 and the Nasdaq Composite gained 30 points to 5666. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by nearly a 4-1 margin the NYSE and by nearly 3-1 on the Nasdaq exchange. Leadership improved as there were 43 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, more than doubling the total of 21 on the prior session. New 52-week highs totals improved and solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.
PICTURED: The S&P 400 Mid-Cap Index recently found support above its 50-day moving average (DMA) line.
Leadership remains healthy as the major averages' (M criteria) have maintained an upward trend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.
The major averages advanced on the session Friday following a better-than-expected jobs report. Nonfarm payrolls climbed 227,000 in January versus a projected 180,000 increase. The labor force participation rate was slightly higher from the previous month at 62.9% while the unemployment rate came in at 4.8%. On the political front, President Donald Trump made public his plans to dismantle the 2010 Dodd-Frank financial-overhaul law.
Ten of 11 sectors in the S&P 500 ended in positive territory. Financials paced the gains with Goldman Sachs (GS +4.57%). Visa (V +4.59%) was higher amid strong payment volume growth. In Health Care, Amgen (AMGN +5.01%) rose after announcing positive results for a study involving its cholesterol drug Repatha. Technology stocks outperformed with Fortinet (FTNT +13.68%) rose as reported billings were up over 20%. In the consumer space, Amazon.com (AMZN -3.54%) after the company provided disappointing current-quarter revenue guidance. Shares of Chipotle Mexican Grill (CMG -4.54%) as comparable-store sales were down 4.8% in the quarter.
Treasuries finished mixed with the benchmark 10-year note up 1/32 to yield 2.47%. In commodities, NYMEX WTI crude added 0.5% to $53.82/barrel. COMEX gold ticked up 0.2% to $1218.70/ounce.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Tech and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +2.62%) and Bank Index ($BKX +2.24%) both posted solid gains on Friday while the Retail Index ($RLX -0.57%) edged lower. The tech sector was led higher by the Biotechnology Index ($BTK +1.19%) while the Networking Index ($NWX +0.72%) and Semiconductor Index ($SOX +0.51%) both posted smaller gains. The Oil Services Index ($OSX +2.21%) outpaced the Integrated Oil Index ($XOI +0.77%), meanwhile the Gold & Silver Index ($XAU -0.21%) edged lower. Charts courtesy www.stockcharts.com
 PICTURED: The Broker/Dealer Index ($XBD +2.62%) stayed above its 50-day moving average (DMA) line and rallied to new highs.
| Oil Services |
$OSX |
183.12 |
+3.97 |
+2.22% |
-0.36% |
| Integrated Oil |
$XOI |
1,238.28 |
+9.47 |
+0.77% |
-2.34% |
| Semiconductor |
$SOX |
964.02 |
+4.94 |
+0.52% |
+6.35% |
| Networking |
$NWX |
455.72 |
+3.28 |
+0.72% |
+2.16% |
| Broker/Dealer |
$XBD |
220.38 |
+5.63 |
+2.62% |
+7.35% |
| Retail |
$RLX |
1,384.95 |
-8.00 |
-0.57% |
+3.13% |
| Gold & Silver |
$XAU |
92.92 |
-0.19 |
-0.20% |
+17.83% |
| Bank |
$BKX |
93.14 |
+2.04 |
+2.24% |
+1.47% |
| Biotech |
$BTK |
3,302.80 |
+38.81 |
+1.19% |
+7.41% |
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Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Asset Management Services Using the Fact-Based Investment System You can have professional help in limiting your losses and maximizing your gains in all market environments. For help with how your portfolio is managed click here and indicate "Find a Broker". Account minimum $250,000. |
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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 |
THO
-
NYSE
Thor Industries Inc
AUTOMOTIVE - Recreational Vehicles
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$104.78
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+1.34
1.30% |
$105.75
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354,876
50.05% of 50 DAV
50 DAV is 709,000
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$108.45
-3.38%
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1/24/2017
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$100.52
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PP = $108.45
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MB = $113.87
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Most Recent Note - 1/30/2017 1:24:56 PM
Y - Rallied recently from support at its 50 DMA line ($100.43). It was highlighted in yellow in the 1/24/17 mid-day report as a new pivot point was cited based on its 12/07/16 high plus 10 cents (read here). Subsequent volume-driven gains for new highs are still needed to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Rose From Support at 50-Day Moving Average Line - 1/24/2017 |
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C
A
S
I |
CSFL
-
NASDAQ
Centerstate Banks Inc
Banks-Southeast
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$24.89
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+0.82
3.41% |
$24.95
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276,612
92.51% of 50 DAV
50 DAV is 299,000
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$26.30
-5.36%
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10/10/2016
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$18.20
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PP = $18.37
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MB = $19.29
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Most Recent Note - 2/3/2017 5:09:17 PM
G - Gapped up and rebounded above its 50 DMA line today helping its outlook improve. Completed a new Public Offering of shares on 1/10/17.
>>> FEATURED STOCK ARTICLE : Bank Stock Perched Near Record Highs After Considerable Rally - 1/4/2017 |
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C
A
S
I |
IESC
-
NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc
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$19.75
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+0.45
2.33% |
$19.85
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31,305
38.18% of 50 DAV
50 DAV is 82,000
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$23.00
-14.13%
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11/23/2016
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$19.35
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PP = $18.26
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MB = $19.17
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Most Recent Note - 2/2/2017 5:56:17 PM
G - Slumped back below its 50 DMA line again today raising concerns. Prior low ($18.05 on 1/18/17) defines important support near prior highs.
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Line and Now Testing Prior Highs - 1/19/2017 |
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C
A
S
I |
BERY
-
NYSE
Berry Plastics Group Inc
CONSUMER NON-DURABLES - Packaging and Containers
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$50.49
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-0.73
-1.43% |
$52.85
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3,724,733
283.03% of 50 DAV
50 DAV is 1,316,000
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$52.97
-4.68%
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11/30/2016
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$50.26
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PP = $46.47
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MB = $48.79
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Most Recent Note - 2/3/2017 12:23:59 PM
G - Reported earnings +43% on -7% sales revenues for the Dec '16 quarter. Insider buying reported in recent weeks is a reassuring sign. Churning above average volume while consolidating near its 50 DMA line ($50.14) and recent lows in the $48.50 area. Deterioration below those near-term support levels would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues Well Above Support - 1/3/2017 |
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C
A
S
I |
EVR
-
NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking
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$80.00
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+2.30
2.96% |
$80.00
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617,172
146.95% of 50 DAV
50 DAV is 420,000
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$80.20
-0.25%
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1/5/2017
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$71.40
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PP = $72.07
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MB = $75.67
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Most Recent Note - 2/3/2017 5:01:24 PM
G - Finished at a best-ever close with today's 4th consecutive volume-driven gain, getting more extended from its prior base. Reported Dec '16 quarterly earnings +17% on +9% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Building New Flat Base - 1/5/2017 |
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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 |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
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$57.55
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+1.79
3.21% |
$59.20
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164,984
99.99% of 50 DAV
50 DAV is 165,000
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$55.84
3.07%
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9/29/2016
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$46.12
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PP = $47.82
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MB = $50.21
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Most Recent Note - 2/3/2017 5:03:10 PM
G - Gapped up today and hit a new all-time high. Prior highs in the $54 area define near-term support above its 50 DMA line ($50.62). Repeatedly noted with caution in prior reports - "Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns."
>>> FEATURED STOCK ARTICLE : Slump Below "Max Buy" Level But Fundamental Concerns Were Raised - 1/6/2017 |
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C
A
S
I |
LMAT
-
NASDAQ
Lemaitre Vascular Inc
Medical-Products
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$23.02
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+0.40
1.77% |
$23.04
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49,764
41.82% of 50 DAV
50 DAV is 119,000
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$27.04
-14.86%
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12/22/2016
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$24.99
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PP = $25.09
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MB = $26.34
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Most Recent Note - 1/30/2017 1:26:40 PM
G - Quietly slumping further below its 50 DMA line today. A rebound above its 50 DMA line ($23.97) is needed for its outlook to improve. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Concerns Increase While Lingering Below 50-Day Moving Average - 1/27/2017 |
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C
A
S
I |
BEAT
-
NASDAQ
BioTelemetry Inc
Medical-Services
|
$24.15
|
+0.80
3.43% |
$24.15
|
234,828
84.17% of 50 DAV
50 DAV is 279,000
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$24.10
0.21%
|
12/19/2016
|
$22.91
|
PP = $21.78
|
|
MB = $22.87
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Most Recent Note - 2/3/2017 5:08:20 PM
G - Hit a new high with today's 4th consecutive gain backed by near average volume. Prior highs in the $21-22 area and its 50 DMA line define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Consolidating Above Prior Highs - 1/10/2017 |
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C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$81.20
|
+0.00
0.00% |
$81.95
|
75,488
62.39% of 50 DAV
50 DAV is 121,000
|
$83.50
-2.75%
|
11/29/2016
|
$72.45
|
PP = $69.63
|
|
MB = $73.11
|
Most Recent Note - 1/31/2017 5:55:29 PM
G - Still perched near all-time highs, extended from its prior base. Its 50 DMA line ($75.94) defines support to watch above prior highs. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Extended From Prior Base - 1/31/2017 |
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C
A
S
I |
ESNT
-
NYSE
Essent Group Ltd
Finance-MrtgandRel Svc
|
$35.91
|
+0.80
2.28% |
$35.92
|
462,847
68.67% of 50 DAV
50 DAV is 674,000
|
$36.07
-0.44%
|
1/25/2017
|
$34.09
|
PP = $34.04
|
|
MB = $35.74
|
Most Recent Note - 2/3/2017 5:00:25 PM
G - Posted a gain with light volume today rising above its "max buy" level and its color code is changed to green. Its 50 DMA line ($32.53) defines important near-term support above prior lows in the $31.50 area.
>>> FEATURED STOCK ARTICLE : Twice Average Volume Behind Big Breakout Gain - 1/25/2017 |
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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 |
ANET
-
NYSE
Arista Networks Inc
TELECOMMUNICATIONS - Communication Equipment
|
$95.52
|
+0.64
0.67% |
$95.81
|
439,060
57.02% of 50 DAV
50 DAV is 770,000
|
$103.00
-7.26%
|
12/30/2016
|
$96.77
|
PP = $99.00
|
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MB = $103.95
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Most Recent Note - 1/30/2017 1:16:51 PM
G - Met resistance at its 50 DMA line when rebounding after a damaging gap down on 1/17/17 triggering a technical sell signal. A rebound above its 50 DMA line ($95.18) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Technical Damages Raised Concern and Triggered Technical Sell Signal - 1/18/2017 |
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C
A
S
I |
VBTX
-
NASDAQ
Veritex Holdings Inc
BANKING - Regional - Southwest Banks
|
$29.25
|
+1.64
5.94% |
$29.33
|
131,143
150.74% of 50 DAV
50 DAV is 87,000
|
$28.61
2.24%
|
1/23/2017
|
$27.30
|
PP = $27.87
|
|
MB = $29.26
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Most Recent Note - 2/3/2017 5:06:40 PM
Y - Hit a new high with today's big gain backed by +51% above average volume clinching a technical buy signal, however it closed near the previously cited "max buy" level.
>>> FEATURED STOCK ARTICLE : Challenged Highs But Ended in Bottom Third of Intra-day Range - 1/23/2017 |
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C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$40.56
|
+1.00
2.53% |
$40.73
|
101,306
38.67% of 50 DAV
50 DAV is 262,000
|
$41.16
-1.46%
|
7/19/2016
|
$26.64
|
PP = $26.41
|
|
MB = $27.73
|
Most Recent Note - 1/31/2017 9:59:11 AM
G - Hitting new all-time highs with today's big early gain. Reported earnings +8% on +20% sales revenues for the Dec '16 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns. Recent low and its 50 DMA line define important near-term support in the $36 area where subsequent violations would trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near Highs - 1/12/2017 |
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C
A
S
I |
LCII
-
NYSE
L C I Industries
MATERIALS and CONSTRUCTION - General Building Materials
|
$108.25
|
+0.25
0.23% |
$109.00
|
203,012
116.01% of 50 DAV
50 DAV is 175,000
|
$117.15
-7.60%
|
11/29/2016
|
$106.29
|
PP = $101.00
|
|
MB = $106.05
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Most Recent Note - 1/30/2017 5:44:54 PM
G - Encountering distributional pressure. Subsequent losses violating its 50 DMA line ($108) and prior lows may trigger technical sell signals. Mostly bullish action has followed since Drew Industries (DW) announced a new name LCI Industries (LCII). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Distributional Action While Retreating From Highs - 1/30/2017 |
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C
A
S
I |
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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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