• Market Insight

FLS Thursday Update 04/21/2019

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​​​​​​​​​​​​​Market Update:​
Stocks are lower on Thursday as many of the leading areas of the market are now in “pullback” mode. When you have a chance take a look at: VZ, XLU, TSN, CPB, XLP,TRV, GLD, XLE, DBA, just to name a few. So far, this is a normal pullback but we will be monitoring it closely for more signs of heavy selling/negative action in the near future. The market felt a little tired yesterday and we want to see how the market reacts to earnings tonight and where it closes tomorrow (for the week). After the bell, a slew of big stocks are slated to report earnings: GOOG, AMZN, MSFT, HA, HBI, SKX, SBUX, V,  just to name a few. As always, we will have our full report for you this weekend.
 
​

FLS Portfolio

We are comfortable with our exposure right now and will look to buy more on constructive action in the near future as we make our way through earnings season. As of this writing, 3:01pm EST,
 
A. The service owns: QQQ +11.10%, XLV +1.52%
B. The service will exit: QQQ @ 106.37, XLV @ 68.57
 
Working Orders:
There are no new working orders today
 
 
A Closer Look At Earnings 
(notes were taken this morning)
 
 
Leaders Already Reported
  1. DPZ- hit a new high- extended
  2. FDX- looks little tired now
  3. ULTA -bouncing off 10 dma line 
  4. STZ- pulling into 21 DMA
  5. AYI- Sitting on 10 DMA
  6. HAS- Sitting tight after big gap up on earnings
  7. BMI – big gap up on earnings
  8. TTS – extended- after big gap up on earnings
  9. VMI- big gap up on earnings
  10. TSCO-  big gap up on earnings
  11. SWK- nice breakout on earnings
  12. NEM- rallied to new high after earnings- very extended
 
 
Good Reactions:
  1. Big Banks – JPM, BAC, BLK, MS, GS, C
  2. INFY- Big gap up on earnings now pulling back
  3. NOW-  big gap up on earnings
  4. CTXS-  big gap up on earnings
  5. CLB- big breakout on earnings
  6. SLG-  big gap up on earnings
  7. RJF- big gap up on earnings
  8. UNP-  nice move up on earnings
  9. UA-  big gap up on earnings
  10. DHR- breaks out of cup with handle after nice move up on earnings
  11. PKG-  nice move up on earnings
  12. TYC- nice move up on earnings
 
 
Bad reactions to earnings
  1. JNPR (warned)
  2. STX – big gap down on earnings
  3. SMCI- big gap down after lowering guidance
  4. XXIA- big gap down after lowering guidance
  5. NFLX – big gap down after earnings
  6. IBM – big gap down after earnings
  7. ILMN – big gap down after earnings
  8. ADS- down on earnings
  9. LAD- down on earnings
  10. SRPT- big gap down on earnings
  11. MAN- down on earnings
  12. TBI- big gap down on earnings
  13. MLNX- big gap down on earnings
  14. LVS- Big gap down on earnings
  15. NGVC- big gap down on earnings
  16. XON- down on earnings
  17. UAL- gaps down on earnings
  18. SILC- big gap down on earnings
  19. TRV- big gap down on earnings
  20. UTL- big gap down on earnings
  21. SYNT- big gap down on earnings
  22. BHE- Down big on earnings
  23. MAT- big gap down on earnings
  24. WERN- big gap down on earnings
  25. KO- big gap down on earnings
  26. VZ- big gap down
 
 

Disclaimer: 
This analysis contains information from resources believed to be reliable but are not guaranteed as to accuracy or wholeness as of the date of this publication. Past performance is not necessarily indicative of future results. There is always a risk of loss in trading and investing. Opinions articulated are subject to change without notice. This analysis and any opinions expressed are intended for educational purposes only and should NOT BE interpreted as a call for engagement in any transaction involving the purchase or sale of any security or investment product or service. The risk of loss in investing and or trading can be substantial, and traders/investors should carefully consider the inherent risks of such an investment in light of their financial condition. The author, firm, associates, or the firm’s clients may have a position in any of the investments mentioned and their positions are subject to change without notice.  Any reproduction or retransmission of any portion of this report without the express written consent of Sarhan Capital is strictly prohibited.

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Picture of Adam Sarhan

Adam Sarhan

Host Of The #SmartMoneyCircle Podcast, Founder and CEO of 50 Park Investments. Adam provides weekly market updates to ChartYourTrade.com readers. He is a FORBES Contributor and is a frequent guest on all the major financial media outlets.

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