You are not logged in.
This means you
CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You
MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.
AFTER MARKET UPDATE - TUESDAY, JULY 19TH, 2016
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
+25.96 |
18,559.01 |
+0.14% |
|
Volume |
735,948,760 |
+2% |
|
Volume |
1,533,494,160 |
+7% |
|
NASDAQ |
-19.41 |
5,036.37 |
-0.38% |
|
Advancers |
1,222 |
41% |
|
Advancers |
989 |
35% |
|
S&P 500 |
-3.11 |
2,163.78 |
-0.14% |
|
Decliners |
1,744 |
59% |
|
Decliners |
1,860 |
65% |
|
Russell 2000 |
-7.46 |
1,200.45 |
-0.62% |
|
52 Wk Highs |
151 |
|
|
52 Wk Highs |
71 |
|
|
S&P 600 |
-4.56 |
736.75 |
-0.62% |
|
52 Wk Lows |
2 |
|
|
52 Wk Lows |
29 |
|
|
 |
Major Indices Ended Mixed Amid Earnings Season
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished mixed on Tuesday. The Dow was up 25 points to 18559. The S&P 500 lost 3 points to 2163 and the Nasdaq Composite fell 19 points to 5036. The benchmark S&P 500 Index and the Dow Jones Industrial Average both remain perched at record highs. Big gains for the major indices were noted in prior commentaries and that bullish action signaled a new "confirmed uptrend" for the market (M criteria). Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 2-1 on the Nasdaq exchange. There were 33 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 37 on the prior session. The number of new 52-week highs contracted yet outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. PICTURED: The Dow Jones Industrial Average graph shows the Blue Chip index perched at a new record high after 8 consecutive gains. Volume totals have been light behind the recent gains, however, not indicative of overwhelming institutional buying demand.
The major averages were mostly lower as investors digested mixed corporate earnings releases. Goldman Sachs (GS -1.18%) fell despite the investment bank posting a 74% rise in quarterly profit. Netflix (NFLX -13.13%) fell after reporting weaker-than-expected subscriber growth. On the data front, housing starts increased by 4.8% in June, well above expectations of a 0.2% rise. Building permits grew 1.5% versus projections of a 1.2% increase. Eight of 10 sectors in the S&P 500 finished lower on the session. Materials and Energy shares were the worst performing groups. In earnings, Phillip Morris International (PM -3.02%) fell as cigarette shipments declined 4.8% year-over-year. International Business Machines Corp (IBM -0.18%) sputtered with the computer giant reporting its 17th straight quarter of declining revenue. Johnson & Johnson (JNJ +1.71%) rose as the consumer products maker raised its full-year guidance as quarterly results were helped by strong U.S. sales. UnitedHealth Group (UNH +1.31%) rose after posting better-than-expected earnings due to strength in its pharmacy benefit management business. Treasuries advanced with the benchmark 10-year note up 8/32 to yield 1.55%. In commodities, NYMEX WTI crude lost 1.4% to $44.61/barrel. COMEX gold gained 0.2% to $1332.20/ounce. In FOREX, the Dollar Index climbed 0.5%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
|
 |
Retail and Energy-Linked Indexes Slumped
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.53%) edged lower and the Broker/Dealer Index ($XBD -0.09%) and Bank Index ($BKX -0.06%) both hugged the flat line at the close on Tuesday. The Integrated Oil Index ($XOI -0.90%) and the Oil Services Index ($OSX -1.75%) both slumped. The Biotechnology Index ($BTK -1.41%) fell and the Semiconductor Index ($SOX -0.38%) edged lower while the Networking Index ($NWX -0.09%) finished flat. Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU -1.50%) rallied +184% from its January 2016 lows.
| Oil Services |
$OSX |
168.00 |
-2.98 |
-1.74% |
+6.51% |
| Integrated Oil |
$XOI |
1,139.38 |
-10.37 |
-0.90% |
+6.22% |
| Semiconductor |
$SOX |
731.78 |
-2.76 |
-0.38% |
+10.29% |
| Networking |
$NWX |
377.97 |
-0.34 |
-0.09% |
+0.54% |
| Broker/Dealer |
$XBD |
159.40 |
-0.15 |
-0.09% |
-10.50% |
| Retail |
$RLX |
1,334.21 |
-7.07 |
-0.53% |
+3.95% |
| Gold & Silver |
$XAU |
106.80 |
-1.62 |
-1.49% |
+135.76% |
| Bank |
$BKX |
67.43 |
-0.04 |
-0.06% |
-7.73% |
| Biotech |
$BTK |
3,128.37 |
-44.73 |
-1.41% |
-17.98% |
|
|
|
 |
Retail Firm Approaching Pivot Point
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ollie's Bargain Outlet (OLLI +$0.45 or +1.75% to $26.15) was highlighted in yellow with pivot point cited based on its 4/28/16 high plus 10 cents in the earlier mid-day report (read here). Subsequent volume-driven gains for new highs (N criteria) are still needed to trigger a technical buy signal.
It reported earnings +82% on +19% sales revenues for the Apr '16 quarter, continuing its strong earnings track record with results above the +25% minimum earnings guideline (C criteria) for a 5th consecutive quarter. Its annual earnings (A criteria) history has been good.
The Retail-Discount and Variety firm's shares have been consolidating in a tight trading range since it completed another Secondary Offering on 6/06/16. Such offerings often hinder upward price progress for the short term, yet they also help to attract more institutional sponsorship. It completed a Secondary Offering on 2/18/16, and it completed its $16 IPO on 7/16/15. The number of top-rated funds owning its shares rose from 98 in Sep '15 to 179 in Jun '16, a reassuring sign concerning the I criteria. Its small supply of only 60 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. |
|
|
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 |
TDG
-
NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services
|
$274.22
|
+2.28
0.84% |
$276.14
|
486,306
57.48% of 50 DAV
50 DAV is 846,000
|
$273.60
0.23%
|
5/11/2016
|
$248.33
|
PP = $245.00
|
|
MB = $257.25
|
Most Recent Note - 7/18/2016 5:43:22 PM
G - Volume totals have been cooling while hovering near all-time highs. Recent lows and its 50 DMA line ($258) define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Near Highs After Finding Support Above 50-Day Moving Average Line - 7/1/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NTES
-
NASDAQ
Netease Inc Adr
INTERNET - Internet Information Providers
|
$198.78
|
-0.65
-0.33% |
$200.25
|
664,906
45.08% of 50 DAV
50 DAV is 1,475,000
|
$202.70
-1.93%
|
6/29/2016
|
$182.42
|
PP = $186.55
|
|
MB = $195.88
|
Most Recent Note - 7/15/2016 6:09:25 PM
Y - Perched near its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs near $186 define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched +5% Above Prior Highs Following Volume-Driven Gains - 7/15/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
HTHT
-
NASDAQ
China Lodging Group Ads
LEISURE - Lodging
|
$38.89
|
-0.73
-1.84% |
$39.40
|
216,481
84.56% of 50 DAV
50 DAV is 256,000
|
$41.76
-6.87%
|
7/13/2016
|
$38.87
|
PP = $39.29
|
|
MB = $41.25
|
Most Recent Note - 7/15/2016 12:43:22 PM
Y - Hit a new high today. Gains for new highs and a strong close backed by at least +40% above average volume may help clinch a convincing technical buy signal. Reported earnings increases more than +25% (C criteria) in the past 3 quarterly comparisons through Mar '16. Annual earnings (A criteria) have improved after a downturn in FY '11. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Touching New High - 7/13/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MXL
-
NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure
|
$21.15
|
+0.19
0.91% |
$21.22
|
741,152
64.56% of 50 DAV
50 DAV is 1,148,000
|
$21.15
0.00%
|
5/16/2016
|
$19.24
|
PP = $19.20
|
|
MB = $20.16
|
Most Recent Note - 7/18/2016 5:40:50 PM
G - Hit a new 52-week high today, rallying further above its "max buy" level. Recent lows and the 200 DMA line in the $16.70 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Slump Into Prior Base and Below 50-Day Moving Average Raised Concerns - 7/5/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PATK
-
NASDAQ
Patrick Industries Inc
WHOLESALE - Building Materials Wholesale
|
$64.74
|
-0.73
-1.12% |
$65.80
|
83,393
55.23% of 50 DAV
50 DAV is 151,000
|
$68.13
-4.98%
|
5/24/2016
|
$53.45
|
PP = $50.68
|
|
MB = $53.21
|
Most Recent Note - 7/18/2016 5:42:16 PM
G - Stubbornly holding its ground following an impressive spurt of gains into new high territory. Disciplined investors avoid chasing stocks more than +5% above prior highs. Its 50 DMA line ($55.12) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 7/6/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
FBHS
-
NYSE
Fortune Brands Hme & Sec
Bldg-Constr Prds/Misc
|
$61.14
|
-0.16
-0.26% |
$61.44
|
643,931
36.30% of 50 DAV
50 DAV is 1,774,000
|
$62.17
-1.66%
|
6/22/2016
|
$57.71
|
PP = $60.08
|
|
MB = $63.08
|
Most Recent Note - 7/15/2016 6:12:05 PM
Y - Quietly hovering at its high following gains lacking above average volume. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : New Highs Lack Important Institutional Volume Punch - 7/11/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NVEE
-
NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting
|
$31.06
|
-0.93
-2.91% |
$31.97
|
35,612
27.82% of 50 DAV
50 DAV is 128,000
|
$32.45
-4.28%
|
4/19/2016
|
$28.20
|
PP = $28.10
|
|
MB = $29.51
|
Most Recent Note - 7/19/2016 5:28:08 PM
G - Pulled back today on lighter volume, retreating from new all-time highs after an impressive streak of 10 consecutive gains. Its 50 DMA line ($27.95) and recent lows in the $24-25 area define near-term support to watch. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Winning Streak Leaves Leader Extended From Prior Base Pattern - 7/18/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
SFBS
-
NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks
|
$52.72
|
+2.05
4.05% |
$53.58
|
365,710
329.47% of 50 DAV
50 DAV is 111,000
|
$52.72
0.00%
|
7/19/2016
|
$53.28
|
PP = $52.82
|
|
MB = $55.46
|
Most Recent Note - 7/19/2016 5:29:42 PM
Y - Finished near its prior high and pivot point with today's big volume-driven gain. Highlighted in yellow with pivot point cited based on the 6/01/16 high plus 10 cents. A volume-driven gain and strong close above the pivot point may help clinch a convincing technical buy signal. Reported earnings +31% on +17% sales revenues for the Jun '16 quarter, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's guidelines.
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
OLLI
-
NASDAQ
Ollie's Bargain Outlet
Retail-DiscountandVariety
|
$26.15
|
+0.45
1.75% |
$26.83
|
1,044,615
114.29% of 50 DAV
50 DAV is 914,000
|
$28.72
-8.95%
|
7/19/2016
|
$26.42
|
PP = $28.82
|
|
MB = $30.26
|
Most Recent Note - 7/19/2016 5:26:37 PM
Y - Highlighted in yellow with pivot point cited based on its 4/28/16 high plus 10 cents. Subsequent volume-driven gains for new highs are needed to trigger a technical buy signal. Consolidating in a tight trading range since it completed another Secondary Offering on 6/06/16. Such offerings often hinder upward price progress for the short term, yet they also help to attract more institutional sponsorship. Prior mid-day reports noted - "Reported earnings +82% on +19% sales revenues for the Apr '16 quarter, continuing its strong earnings track record. Completed a Secondary Offering on 2/18/16, and it completed its $16 IPO on 7/16/15." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Retail Firm Approaching Pivot Point - 7/19/2016 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
or 954-785-1121.
|
|
|
