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| Food item | Amount | Calories |
|---|---|---|
| Onion | 100g | 40cals |
| Tomat kalengan Cirio | 0,5 kaleng (200g) | 54 cals |
| Rapeseed oil | 1tbsp | 120 cals |
| Telur | 3 biji | 216 cals |
| Paprika powder | ||
| Cumin powder | ||
| Chopped dried basil | ||
| Salt pepper chili flakes | ||
| Parsley | ||
| Total kalori per resep | 430 cals |
| Food item | Amount | Calories |
|---|---|---|
| Mi kuning | 200g | 272 cals |
| Braised chicken mushroom | 80g | 156 cals |
| Pangsit rebus | 130g | 176 cals |
| Sayur | 20g | 3 cals |
| Pangsit goreng | 5 buah | 310 cals |
| Kuah | ~200g | 32 cals |
| Total kalori | 949 cals |
| Food item | Amount | Calories |
|---|---|---|
| Kopi susu gula aren | 1 cup | 190 cals (apparently ada di mfp lol) |
| Extra sugar | 108 cals | |
| Booba | 100 cals | |
| Total kalori | 398 cals |
 | Regular Edition . . . refresh often for updates: submitted by MsVxxen to DorothysDirtyDitch [link] [comments] TS: Original 8:00am pdt (UTC +7) =============================> THOUGHT FOR THE DAY <============================= Now THAT is some heavy street intel right there-canary to this coal mine . . . The Markets Before The FED Gets Onstage To Play . . . CRYPTO MARKET INDEX===>DCI30: Today (yesterday was -24.8%) Note: this new DDT Crypto Index is detailed here, where it was begun for real traders 04/07/2022: https://www.reddit.com/DorothysDirtyDitch/comments/tyoa3m/ddt_crypto_index_creation_introducing_the_dci30/ The index is moving sideways to slight up into the FED To-Do Today.....it has rebounded a bit from the weekend ATL lows, and I suspect it will revisit those lows soon enough this week. Weakness abounds! I suspected we would get some means reversion (bear bounce) after the last deep dive-and we have. Yesterday was a day where I sought scalp trades in both directions, in the ensuing uncertainty chop. Yesterday's plan went perfectly. We will see if today follows suite: I will be buying the extreme dip extensions at the mini capitulations that have become routine for SKYNET as they drive this market lower. That's the plan for counter trend longs as we ratchet down in this market. Of course any pump gets shorted, to trade with the trend where probabilities for success are highest. I do vary the targets (don't want to be too predictable for the bots), but I have become non picky-it's all moving more or less together, holding hands, joined at the hip (loosely).....so I am just favoring outliers (short ADA at present, for ex.), and am not shy or reticent in the act. ;) Dow Transports were breaking high, and VIX has moved well down off the panic level.....that is a double canary song for "see you all uptown on the Bear Bounce Express today"===>if it runs from here. Yesterday there was a lot of reason for crypto to run up-but its response was quite muted. That is telling. It tells me the "up" is restrained (handcuffed by Skynet), whereas the down is ready to roll hard. We'll see, as thin volume illiquid markets are very hard to read well in short term time frames.....which is where scalping lives. Mea Culpa. ;/ BROADER MARKETS: choppy and weak (esp Nasdaq/Tech), in very light volume USA Today DDT TA Tea Leaf Matrix-all one needs for correlated market assessment in one glance... If you have TradingView (and if you do not, why is that?), here is the DDT TA Matrix above: https://www.tradingview.com/chart/s4kAAtJn/ Learning how to read the tea leaves is absolutely essential to high probability trading. SENTIMENT: dropping as DCI30 slides up to ~sideways . . . 1 Month View COIN CORRELATIONS: initially a royal mess-now straightening out to strong! The entire 19 issue crew . . .ADA & TRX opposing canary outliers The Focus Set-simplified view DDT TAKES: (TLDR: no material change) VIX IS ON THE MOVE, AS IS VXN, RVX, etc volatility metrics . . .we are just shy of Kra$hWatch Zone again here today: https://www.reddit.com/DorothysDirtyDitch/comments/ugra4v/krahwatch_alert_watch_the_vix_volume_gang/ I am now contrarian scalping (long mostly & short minorly here). Reversal longs on short exits when it makes sense, and of course-any ole huge pump/dump gets my immediate attention, as shooting back at SKYNET is what I do do do. ;) Can this go lower from here? Yes. We are now sitting on one year supports in many diverse coins. If you think which coin is which matters, in regards to dump potential, forget it: SKYNET will whack them all-and frothy alts the mostest. Now, Once Again, Its Time For The Sheep Bleater's Refrain (sing it with me now-the more off key, the better): It is still earnings season and correlations are still strong. How goes earnings, goes crypto-as those markets are fairly tied at the hip here on average each day. CAUTION WILL ROBINSON: Check the severe Netflix Carnage (down ~40% from one negative report, and 2/3's from ATM-and that one was as easy to see coming as, well, inflation)===>when you are out, you are killed. R.I.P. That is my HUGE concern for crypto here, and has been all year. Boo boo party is just starting. Some coins have lost almost 45% since April 7. Down almost 45% in a month-and that is FTM, a Solana related road kill. So much for hopium hype-for when push comes to shove, the hoe'gloe goe \noe!** pretty fast! See related pieces here: https://www.reddit.com/DorothysDirtyDitch/comments/ufeu1o/perspective_1_year_after_my_first_alt_coin_season/ https://www.reddit.com/DorothysDirtyDitch/comments/ufg1aftt_ddt_ta_charthot_off_the_presses_04302022/ Market (DCI30), will continue to slide sideways to NET lower each week, as grim econ realities (more Netflixer Syndrome anyone?), further set in and call for "Risk Off" action because "tomorrow is indeed different than before". No change to that in sight here. ===============================> May is here! <=============================== May, that Run Away! month ;) The fun in Russia (war) and China (covid) is not abating, it is getting worse. Try buying some Tupperware. ;) Pooty Poo is going to milk this to the max. (Incoming depression in Russia anyone?) Xi will as well. I mean, why wouldn't they with their respective issues? The FED Fun Factory is doing the same-not abating. =======> Boyz in charge, whaddaya gonna do? (Call Maggie Thatcher? Um, please don't. If you do-reverse the charges!) Rates are skyrocketing, 10yr 3%! and the market's game of mu$ical chairs is finally getting paid attention to-now that Apple has called the elephant tune out into the Wall St Boo-Boo Room. This market is like a 3yr old that refuses to nap-but will drop hard soon enough....so you can carry her around the mall parking lot looking for the car. Damn if she isn't getting heavier by the minute. ;) "Risk Off" signals are increasing here in Q2 2022. No change to that in sight here, albeit the Skynet Press is definitely selling the opposite as best it can't . . . buy the dip FOMO, bottom is in (Cramer, hahahaha), BTC about to break out, and all that tiresome snake oil rot. Here, hold my falling knife please . . . (and I'll hold my own glass half empty beer tyvm). No change to Bear Market Rally Thesis as explained in postings referenced here: https://www.reddit.com/DorothysDirtyDitch/comments/tyg5dq/market_update_04062022/ And no change to that in sight here either. 'Sell in May-then Go Away' narrative appears to have come true. It is May. And I am selling, (but staying right here in the chair). But I am buying too. That's scalping! Terminal ambivalency-always an opportunity to work a trade. :) Watch the VIX (ups!) and market volumes (downs), as that combo can be lethal. Remember, volume = conviction, that's the acid test to any macro move. So watch for it. Good Luck out there (it's bungle in the jungle time)! :) ==========================================> ADDITIONS, FEATURES, & UPDATES :) TS:8:36am pdt: DUCK HUNTING IN THE DITCH . . . Using The Coin Correlations To Spot The High Flying Qoin Quackers :) Does not get much simpler than that . . . ;) Of course, some of these ducks are canaries in disguise, so careful there! Please don't shoot the canaries. :) Meanwhile, means reversion doth give me comfort most....for in the math, I trust: Enough said. 0.5% Priced In, Swans---black or white---alight if that doesn't happen. If this gets you all hot and bothered, you can read up on it here: https://www.dailyfx.com/forex/fundamental/central_bank_watch/2022/05/03/central-bank-watch-fed-speeches-interest-rate-expectations-may-fed-meeting-preview.html Um, no . . . lets check that narrative: DATA matter$. Narrative? Not so much . . . Be careful what you swallow folks, even good cooks can make bad dishes at times. ;) Got \"Directional Bias\"? I do. Net UP in 2022. GREAT CHART!: Rip Your Bear Face Off Rallies In Tech Bear Markets . . . Or why I play both sides of the aisles all the time. :) As here. The Average Of Everything . . .I like! |
Federal Reserve Chair Jerome Powell testifies before Congress in the week ahead, and markets will hang on what he says regarding how the Russia-Ukraine conflict could affect Fed policy.
Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues to hang over markets.
The Fed has clearly broadcast that it intends to raise its target fed funds rate by a quarter percentage point from zero, and it is expected to announce that move at the end of its two-day meeting Wednesday. The central bank should also reveal new forecasts for interest rates, inflation and the economy.
There are a few economic reports of note in the week ahead, including the producer price index Tuesday, retail sales Wednesday and existing home sales Friday.
“Earnings are over. Monetary policy is obviously going to be important here. I don’t see the Fed surprising anyone next week,” said Steve Massocca, managing director at Wedbush Securities. “It’s going to be a quarter point and then step into the background and watch what’s happening in Europe.”
Stocks fell for the past week, with the Nasdaq Composite the worst performer with a 3.5% decline. Meanwhile, the small-cap Russell 2000, which outperformed the three major indexes, lost 1% for the week.
A surge in oil prices spooked investors, with crude spiking to $130 at the beginning of the week but trading back below $110 on Friday.
The S&P 500 was down about 2.9% for the week. Energy stocks were the top performers, up nearly 1.9% and the only positive major sector.
Fed ahead
The impact of Russian sanctions on commodities markets and the lack of clarity around the outcome of the war in Ukraine are likely to keep volatility high across the financial markets.
The central bank’s statement and comments from Federal Reserve Chairman Jerome Powell on Wednesday will be closely watched for guidance on how Fed officials view the Ukraine crisis, and how much it could affect their outlook and the path for interest rates.
“His guidance is probably not going to be all that different from what he had to say in the [Congressional] testimony. Basically, downside risks to the growth outlook have increased. Upside risks to inflation have risen,” said Mark Cabana, head of U.S. short rates strategy at Bank of America.
Because Russia is a giant commodities producer, its assault on Ukraine and resulting sanctions have set off a rally in commodities markets that has made already-scorching inflation even hotter. February’s consumer price index was up 7.9%, and economists said rising gasoline prices could send it above 9% in March.
Gasoline at the pump jumped nearly 50 cents in the past week to $4.33 per gallon of unleaded, according to AAA.
Market pros see surging inflation as a catalyst that will keep the Fed on track to raise interest rates. However, uncertainty about the economic outlook could also mean the central bank might not hike as much as the seven rate increases that some economists forecast for this year.
Cabana expects Fed officials to forecast five hikes for 2022 and another four next year. The Fed previously anticipated three increases in both years. Cabana said the Fed could cut its forecast for 2024 to just one hike, from the two in their last outlook.
Any comments from the Fed on what it plans for its nearly $9 trillion balance sheet will also be important, since officials have said they would like to begin to scale it back this year after they start hiking interest rates. The Fed replaces maturing Treasury bonds and mortgages as they roll off, and it could slow that in a process Wall Street has dubbed “quantitative tightening” or QT.
“That they will be ready to flip the switch on QT in May is our base case, but we acknowledge there are risks that this will be skewed later,” said Cabana. He said if the Fed finds it is not in a position to raise interest rates as much as it hoped, it could delay shrinking the balance sheet right away, which would leave policy looser.
Bond market liquidity
The 10-year Treasury yield topped 2% at its highest level Friday, after dipping below 1.7% earlier this month as investors sought safety in bonds. Bond yields move opposite price.
“It’s inflation and inflation expectations. Treasurys behave in this environment a little differently than a flight to quality asset,” Cabana said “That’s a different dynamic than we’ve observed. You may see a flight to quality into Treasurys, but the Treasurys are reflecting higher inflation expectations.”
Cabana said the markets are showing signs of concern around the uncertainty in Ukraine. For instance, the Treasury market is less liquid.
“We have seen that the Treasury market has become more volatile. We’re seeing bid-ask spreads have widened. Some of the more traditionally less liquid parts of the market may have become less liquid, like TIPS and the 20-year. We’re also seeing market depth thinning out,” he said. “This is all due to elevated uncertainty and lack of risk-taking willingness by market participants, and I think that should worry the Fed.”
But Cabana said markets are not showing major stress.
“We’re not seeing signs the wheels are falling off in funding or that counterparty credit risks are super elevated. But the signs there are very much that all is not well,” he said.
“The other thing we continue to watch loosely are funding markets, and those funding markets are showing a real premium for dollars. Folks are paying up a lot to get dollars in a way they haven’t since Covid,” he said.
Cabana said the market is looking for reassurance from the Fed that it is watching the conflict in Ukraine.
“I think it would upset the market if the Fed reflected a very high degree of confidence in one direction or another,” he said. “That seems very unlikely.”
Dollar strength
The dollar index was up 0.6% on the week and it has been rising during Russia’s attack on Ukraine. The index is the value of the dollar against a basket of currencies and is heavily weighted toward the euro.
Marc Chandler, chief market strategist at Bannockburn Global Forex, also points out that the dollar funding market is seeing some pressure but it is not strained.
“The dollar is at five-year highs today against the yen. That’s not what you would expect in a risk-off environment,” he said. “That’s a testament to the dollar’s strength.”
Chandler said it’s possible the dollar weakens in the coming week if it follows its usual interest rate hike playbook.
“I think there might be a buy the rumor, sell the fact on the Fed,” he said. “That’s typical for the dollar to go up ahead of the rate hike and sell off afterwards.”
Oil on the boil
Oil gyrated wildly this past week, touching a high not seen since 2008, as the market worried there would not be enough oil supply due to sanctions on Russia. Buyers have shunned Moscow’s oil for fear of running afoul of financial sanctions, and the U.S. said it would ban purchases of Russian oil.
West Texas Intermediate crude futures jumped to $130.50 per barrel at the beginning of the week but settling Friday at $109.33.
“I think the market getting bid up to $130 was a little premature,” said Helima Croft, head of global commodities strategy at RBC, noting the U.S. ban on Russian oil. She said the run-up in prices Monday came as market players speculated there would be a broader embargo on Russian oil, including Europe, its main customer.
“Right now, the market is too extreme in either way. I think it’s justified at $110. I think it’s justified over $100. I don’t think we’re headed for an off-ramp, and I think we have room to go higher,” she said.
Gas Prices Hit A New Record
Crude oil may have reversed lower this week, but it's hard to tell when drivers head to the pumps. The national average for a gallon of regular gasoline has continued to rise to hit a record high of $4.33 in data from AAA going back to 2004. While prices typically rise this time of year, the vertical move this year has meant prices have grown at a much more rapid rate than normal.
(CLICK HERE FOR THE CHART!)
Doomsday Fear Index
During the Cold War, American children and adults were educated on how to best protect themselves from a nuclear explosion. This included measures from the silly "duck and cover" campaign to nuclear fallout shelter instructions. If you happen to be curious about the federal government's current recommendations in regards to protection from a nuclear blast, you can read up on the instructions here. We're not sure how focused people will be about wearing a mask in the event of nuclear fallout, but we guess you can never be too careful!
With tensions between Western nations and Russia reaching levels not seen since the Cold War, we took a look at Google Trends to identify the level of fear in the American population with respect to the current war in Ukraine. We looked at the search volumes for terms like nuclear war, WWIII, canned food, Potassium Iodide, and gas mask. Searches for many of these terms hit five-year highs in the early days of the Russian invasion but have subsided since. The current level is still well above normalcy, but fears appear to have eased over the last week as the West's retaliation has been almost entirely economic (or maybe there is no internet service in the fallout shelters). The aggregate index is pictured below.
(CLICK HERE FOR THE CHART!)
Below are charts of each search term we utilized in the composition of our index. Potassium Iodide, the compound utilized to mitigate the effects of excessive radiation exposure, is the only term that remains at a five-year high in terms of search volume. While searches for some of these terms were actually much higher during the early days of COVID, they all experienced upticks in the last few weeks. All-in-all, based on search trends based on fears of a nuclear situation or war with Russia spiked when the Ukraine invasion first started, but those fears have over the course of the last week.
(CLICK HERE FOR THE CHART!)
Investor Sentiment Remains Volatile
Considering equities and other risk asset prices continue to swing violently, so too have readings on investor sentiment. The weekly AAII survey of individual investors saw the percentage of respondents reporting as bullish fall back below 25% this week after rising above 30% last week. While that is not the largest drop in recent months (the second week of January saw bullish sentiment fall 7.9 percentage points compared to 6.4 today), it nonetheless reaffirmed that investor confidence is shaky, if not undecided, at the moment.
(CLICK HERE FOR THE CHART!)
The drop in bullish sentiment was mostly picked up by those reporting as bearish. Bearish sentiment rose 4.4 percentage points to 45.8%. While that reading is roughly 15 percentage points above the historical average for bearish sentiment, the reading is still lower than an even more pessimistic reading only two weeks ago when more than half of respondents reported as bearish.
(CLICK HERE FOR THE CHART!)
With the inverse moves in bullish and bearish sentiment, the bull-bear spread has pulled back to -21.8. As with bullish and bearish sentiment, even if that does not set a new low, it is only in the 5th percentile of readings going back to the start of the survey.
(CLICK HERE FOR THE CHART!)
After the largest single-week decline in nearly 20 years two weeks ago, neutral sentiment has been clawing its way back into the range it was in for most of the past year. Gaining another 2 percentage points this week, the reading is now back above 30%.
(CLICK HERE FOR THE CHART!)
Across each category of the report, there have been sizable swings in the past two months. To highlight this, in the chart below we show the eight-week rolling average of the absolute week over week change for each sentiment reading (bullish, bearish, and neutral) over the past 20 years. Over the history of the survey, weekly changes have gravitated towards smaller swings meaning the past decade is structurally a bit different relative to the decade before that. That being said, the weekly swings in the AAII readings on sentiment have been some of the largest of any period of the post-Global Financial Criss era. In fact, not even the COVID crash saw such volatility in sentiment (given optimism collapsed and then remained muted for some time rather than swing back and forth) while the only times this average was as high as now in the past decade were the spring of 2013, February 2016, and January 2019.
(CLICK HERE FOR THE CHART!)
More Volatility Likely in March, Recent Lows Remain Key
Thus far the market has been unable to find any real traction in the historically bullish month of March. As of today’s close DJIA is down 3.72% in March. S&P 500 is off 4.65%, NASDAQ is fallen 6.95% while the Russell 2000 is lower by 4.15%. Today’s gain by the small-cap Russell 2000 is somewhat encouraging and adds to the accumulating evidence that the market may finally be coming to terms with Ukraine, inflation, and the Fed. As we have noted in recent posts, investor sentiment has reached bearish levels last seen at the start of the covid-19 pandemic, S&P 500 has held its intra-day low reached on February 24 and VIX, although elevated, has not exploded to full-blown panic levels.
In addition, we can add March’s typical performance over the last 21-years to this list. As you can see in the chart above, the market has tended to selloff early in March and find a bottom around the sixth trading day of the month. Today was the sixth trading day. Afterwards the trend remains choppy, but it is generally higher until the end of the month.
(CLICK HERE FOR THE CHART!)
Be Greedy When Others Are Fearful
On this 13th Anniversary Global Financial Crisis Low, we may want to heed the wise words of one of the greatest investors of all time. “You try to be greedy when others are fearful, and fearful when others are greedy.” – Warren Buffett
So we ask: are we hitting another March market low on the 13th anniversary of the Global Financial Crisis low? It’s too early to be sure, but today’s rally and the recent dire projections and fearful sentiment are encouraging. CNN’s Fear & Greed Index shown above has clearly reached the extreme fear levels associated with market lows and turns.
Last week we posted how it was beginning to look like Investors Intelligence Bullish and Bearish Advisors % were indicating that contrary bearish sentiment was near bottoming levels. This may not be the final low, but the bottoming process is clearly underway. Sit tight and stick to your system.
(CLICK HERE FOR THE CHART!)
Country ETFs Falling Below Pre-COVID Highs
Headed up to the two-year anniversary of the COVID crash low (3/23/20), equities around the globe have been experiencing some of the worst pullbacks since that period. In the table below, we show the country ETFs of the countries tracked in our Global Macro Dashboard as well as their year and month to date performance, performance since each respective 52-week high as of 2/19/20 (the S&P 500 and a handful of other global indices last high before entering bear markets during the COVID crash) and current 52-week high. We also show where they are currently trading with respect to their 50-DMAs.
Given the degree of declines recently, nearly everything is oversold with six countries' readings now 'off the chart' as they trade well over three standard deviations below their 50-DMAs. The average country ETF is also down double digits on both a YTD basis and relative to their respective 52-week highs. Of the countries shown below, only Brazil (EWZ) and South Africa (EZA) are higher YTD with gains of 17.56% and 9.27%, respectively. Russia (RSX), meanwhile, is obviously down the most having been cut by over 75%.
The average country ETF is now down over 20% from its 52-week high, and only four of those 52-week highs have come since the start of 2022 whereas most were set last spring. As for how the current drawdowns have eaten into the post-COVID rallies, below we also show the percent change of these ETFs relative to their 52-week highs as of 2/19/20. In other words, where each ETF is trading with respect to their pre-COVID highs. Currently, there are only 8 country ETFs that remain above their respective pre-COVID highs. Seven others, meanwhile, have now declined more than 20% below their pre-COVID highs. Of course, Russia is once again down the most dramatically from those levels falling more than 75%.
(CLICK HERE FOR THE CHART!)
Below we show the charts of those eight countries that are currently still in the green relative to pre-COVID highs. The recent rough patch is not exactly identical for all countries though. Whereas the downtrends for some like Taiwan (EWT) or the US (SPY) are bringing these ETFs to multimonth lows, others like Canada (EWC) and Norway (ENOR) have more or less trended sideways. Since retaking pre-COVID highs, only Australia (EWA) has gone on to recently retest/fall back below those levels which it did in late January. While it would mean much further downside for the likes of EWT, SPY, and EWC, those prior highs could mark one area of tangible support for these other countries.
(CLICK HERE FOR THE CHART!)
The Little Guy Eying Inflation
Looking across the range of issues surveyed by the NFIB, labor and inflation remain front and center of what most concerns small businesses. As shown below, the combined percentage of respondents reporting either cost or quality of labor as their most important problem continues to be the most prevalent topic with 33% of firms reporting as such. That is down slightly from 34% in January thanks to the decline in quality of labor. Most other categories fell to or remained at record lows. Such was the case for Poor Sales, Competition from Big Business, Government Requirements and Red Tape, and Financial & Interest Rates.
(CLICK HERE FOR THE CHART!)
Last month the percentage of respondents reporting inflation as their biggest problem went unchanged from the December reading of 22%. This month that reading gained another 4 percentage points to cross above a quarter of all respondents for the first time on record going back to 1986. Behind labor concerns (the combined reading of cost and quality of labor), this is the most commonly reported problem, and based on the action in commodities prices over the last couple of weeks, this reading will almost certainly increase again next month.
(CLICK HERE FOR THE CHART!)
That means what has usually been the second most important problem on a combined basis recently, government requirement and taxes, dropped in the ranking. In fact, the 3 percentage point decline in government requirements offset the one percentage point increase in taxes to tie the November 2005 reading for the lowest on record. As we have noted in the past, the past few presidential cycles have structurally seen lower readings in these indices when Republicans were in office and vice versa when Democrats have held the presidency. With Biden currently in office, the record low reading is somewhat unusual from this political perspective.
(CLICK HERE FOR THE CHART!)
That is not the only category that has fallen to record lows. Poor sales and competition from big business have both fallen dramatically in the past couple of years.
(CLICK HERE FOR THE CHART!)
(CLICK HERE FOR THE CHART!)
Monday 3.14.22 Before Market Open:
(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Monday 3.14.22 After Market Close:
(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK# 1!)
Tuesday 3.15.22 Before Market Open:
(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Tuesday 3.15.22 After Market Close:
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 3.16.22 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 3.16.22 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 3.17.22 Before Market Open:
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 3.17.22 After Market Close:
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Friday 3.18.22 Before Market Open:
(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)
Friday 3.18.22 After Market Close:
([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
(NONE.)
(T.B.A. THIS WEEKEND.)
(T.B.A. THIS WEEKEND.) (T.B.A. THIS WEEKEND.).
(CLICK HERE FOR THE CHART!)
 | Apa yang dimaksudkan Bola Jalan? Secara singkatnya, Bola Jalan adalah taruhan yang dilakukan pada saat pertandingan berlangsung atau Live Match. Bola Jalan sendiri adalah taruhan yang membutuhkan kemampuan lebih mendalam lagi daripada taruhan yang biasanya. Jika sebelumnya kita bertaruh untuk HT/FT yang dimana Odds/Kei dalam keadaan tetap/stabil, Bola Jalan akan terus berubah seiring dengan waktu. Layaknya Forex, Live Score Sbobet sendiri bisa berubah sesuai dengan kemampuan kita memprediksi hasilan akhir dari kedua tim tersebut. Tetapi sebelum kita bisa menonton Live, kita harus mendaftar dan mengenal dari mana Bola Jalan itu. submitted by Chamendan to u/Chamendan [link] [comments] https://preview.redd.it/ko1jmoc2gij31.jpg?width=600&format=pjpg&auto=webp&s=68f9e790e297784f4b1b26108f41e3429d24dca5 Cara Melihat Live Score Sbobet Bola Jalan Sebenarnya, sebelum kita bahkan memulai membicarakan apa itu Bola Jalan, alangkah baiknya kita belajar tahap – tahapnya terlebih dahulu. Kita sebagai pemain/penjudi harus tahu bahwa untuk masuk ke Sbobet harus memerlukan Agen resmi yang bekerja sama dengan Sbobet. Ditambah lagi dengan adanya link – link yang juga tidak bisa bekerja untuk beberapa negara, hal seperti itu juga harus dipertimbangkan. Mari kita bahas apa saja langkahnya untuk Cara Melihat Live Score Sbobet Bola Jalan.
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 | Indonesian Review of InziderX Exchange - from one of our Bounty members - thanks to indocafe!! submitted by InziderX to u/InziderX [link] [comments] https://preview.redd.it/3ws4hnaf5mr11.png?width=960&format=png&auto=webp&s=158ae4627e1a050475467ac24b5e30f02eb24344 Pasar OTC Tempat Leverage Terdesentralisasi Foto InziderX. VISI KAMI InziderX adalah pasar OTC tempat leverage terdesentralisasi di mana Anda dapat menukar 20 aset digital teratas secara pribadi dan tanpa verifikasi. Transaksi dilakukan di antara orang dalam anonim, dompet ke dompet menggunakan Atom Swap. Likuiditas disediakan oleh sistem relay berdasarkan teknologi Lightning Network. User friendly, terminal InziderX dikhususkan untuk para pedagang aktif dan algoritma mencari pengejaran dan eksekusi kualitas. 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Data benar-benar terdesentralisasi di seluruh buku besar blockchain terdistribusi sehingga tidak dapat dicuri atau rusak. Tidak ada prasasti, verifikasi atau pembatasan. Unduh dompet kami dan mulailah berdagang. Sesederhana itu. Dompetnya adalah pertukaran! KERTAS PUTIH The Whitepaper InziderX menjelaskan secara rinci karakteristik baik dari pertukaran kamiBerkontribusi untuk ICO kami dan mengambil bagian dalam masa depan pertukaran perdagangan aset digital - Desentralisasi yang benar KERTAS PUTIH The Whitepaper InziderX menjelaskan secara rinci karakteristik baik dari pertukaran desentralisasi kami EKONOMI Ekonomi - penawaran, softcap, hardcap, opsi pra-penjualan, bonus dan alokasi dana SATU PAGER Dapatkan gambaran singkat tentang proyek-proyek InziderX dalam mode power point PROGRAM BOUNTY Jadilah bagian dari promosi ICO InziderX dan dapatkan imbalan di INX. Beberapa program hadiah terbuka! TERJEMAHAN & DOKUMEN LAIN PETA JALAN November 2017STUDI TEKNOLOGI - SEDANG BERLANGSUNGBeberapa tes dan studi dilakukan pada teknologi terbaru Maret 2018TULISAN PUTIH - DILENGKAPIMenetapkan visi Pertukaran InziderX Juli hingga Desember 2018INX SALE - ICOKemitraan untuk EcoSystem masa depan Desember 2018FORUM KOMUNITAS INZIDERXAktivasi forum & distribusi INC Febuary 2019DISTRIBUSI INXRilis dompet dan distribusi INX Juli 2019RILIS INZIDERX EXCHANGE PERTAMAKarakteristik dasar Januari 2020PENGEMBANGAN KOMUNITASReward, kontes & program sinyal Febuary 2020IMPLEMENTASI SISTEM VOTINGKomunitas mengambil kendali Mars 2020SARAN KOMUNITASPelaksanaan Juni 2020PERTUKARAN INZIDERXSemua karakteristik sepenuhnya diaktifkan Juli 2020KOMUNITAS INZIDERXSemua karakteristik sepenuhnya diaktifkan Agustus 2020MENDENGARKAN KOMUNITASSedang berlangsung TEMUI TIMGagasan itu tak terkalahkan tetapi membutuhkan tim yang hebat untuk dicapai. MITRA Untuk Informasi lebih luas bisa Klik di bawah ini : WEBSITE - ANN - WHITEPAPER - TWITTER - FACEBOOK - STEEMIT - TELEGRAM USERNAME PROFIL BTT : INDOCAFE |
Federal Reserve Chair Jerome Powell testifies before Congress in the week ahead, and markets will hang on what he says regarding how the Russia-Ukraine conflict could affect Fed policy.
Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues to hang over markets.
The Fed has clearly broadcast that it intends to raise its target fed funds rate by a quarter percentage point from zero, and it is expected to announce that move at the end of its two-day meeting Wednesday. The central bank should also reveal new forecasts for interest rates, inflation and the economy.
There are a few economic reports of note in the week ahead, including the producer price index Tuesday, retail sales Wednesday and existing home sales Friday.
“Earnings are over. Monetary policy is obviously going to be important here. I don’t see the Fed surprising anyone next week,” said Steve Massocca, managing director at Wedbush Securities. “It’s going to be a quarter point and then step into the background and watch what’s happening in Europe.”
Stocks fell for the past week, with the Nasdaq Composite the worst performer with a 3.5% decline. Meanwhile, the small-cap Russell 2000, which outperformed the three major indexes, lost 1% for the week.
A surge in oil prices spooked investors, with crude spiking to $130 at the beginning of the week but trading back below $110 on Friday.
The S&P 500 was down about 2.9% for the week. Energy stocks were the top performers, up nearly 1.9% and the only positive major sector.
Fed ahead
The impact of Russian sanctions on commodities markets and the lack of clarity around the outcome of the war in Ukraine are likely to keep volatility high across the financial markets.
The central bank’s statement and comments from Federal Reserve Chairman Jerome Powell on Wednesday will be closely watched for guidance on how Fed officials view the Ukraine crisis, and how much it could affect their outlook and the path for interest rates.
“His guidance is probably not going to be all that different from what he had to say in the [Congressional] testimony. Basically, downside risks to the growth outlook have increased. Upside risks to inflation have risen,” said Mark Cabana, head of U.S. short rates strategy at Bank of America.
Because Russia is a giant commodities producer, its assault on Ukraine and resulting sanctions have set off a rally in commodities markets that has made already-scorching inflation even hotter. February’s consumer price index was up 7.9%, and economists said rising gasoline prices could send it above 9% in March.
Gasoline at the pump jumped nearly 50 cents in the past week to $4.33 per gallon of unleaded, according to AAA.
Market pros see surging inflation as a catalyst that will keep the Fed on track to raise interest rates. However, uncertainty about the economic outlook could also mean the central bank might not hike as much as the seven rate increases that some economists forecast for this year.
Cabana expects Fed officials to forecast five hikes for 2022 and another four next year. The Fed previously anticipated three increases in both years. Cabana said the Fed could cut its forecast for 2024 to just one hike, from the two in their last outlook.
Any comments from the Fed on what it plans for its nearly $9 trillion balance sheet will also be important, since officials have said they would like to begin to scale it back this year after they start hiking interest rates. The Fed replaces maturing Treasury bonds and mortgages as they roll off, and it could slow that in a process Wall Street has dubbed “quantitative tightening” or QT.
“That they will be ready to flip the switch on QT in May is our base case, but we acknowledge there are risks that this will be skewed later,” said Cabana. He said if the Fed finds it is not in a position to raise interest rates as much as it hoped, it could delay shrinking the balance sheet right away, which would leave policy looser.
Bond market liquidity
The 10-year Treasury yield topped 2% at its highest level Friday, after dipping below 1.7% earlier this month as investors sought safety in bonds. Bond yields move opposite price.
“It’s inflation and inflation expectations. Treasurys behave in this environment a little differently than a flight to quality asset,” Cabana said “That’s a different dynamic than we’ve observed. You may see a flight to quality into Treasurys, but the Treasurys are reflecting higher inflation expectations.”
Cabana said the markets are showing signs of concern around the uncertainty in Ukraine. For instance, the Treasury market is less liquid.
“We have seen that the Treasury market has become more volatile. We’re seeing bid-ask spreads have widened. Some of the more traditionally less liquid parts of the market may have become less liquid, like TIPS and the 20-year. We’re also seeing market depth thinning out,” he said. “This is all due to elevated uncertainty and lack of risk-taking willingness by market participants, and I think that should worry the Fed.”
But Cabana said markets are not showing major stress.
“We’re not seeing signs the wheels are falling off in funding or that counterparty credit risks are super elevated. But the signs there are very much that all is not well,” he said.
“The other thing we continue to watch loosely are funding markets, and those funding markets are showing a real premium for dollars. Folks are paying up a lot to get dollars in a way they haven’t since Covid,” he said.
Cabana said the market is looking for reassurance from the Fed that it is watching the conflict in Ukraine.
“I think it would upset the market if the Fed reflected a very high degree of confidence in one direction or another,” he said. “That seems very unlikely.”
Dollar strength
The dollar index was up 0.6% on the week and it has been rising during Russia’s attack on Ukraine. The index is the value of the dollar against a basket of currencies and is heavily weighted toward the euro.
Marc Chandler, chief market strategist at Bannockburn Global Forex, also points out that the dollar funding market is seeing some pressure but it is not strained.
“The dollar is at five-year highs today against the yen. That’s not what you would expect in a risk-off environment,” he said. “That’s a testament to the dollar’s strength.”
Chandler said it’s possible the dollar weakens in the coming week if it follows its usual interest rate hike playbook.
“I think there might be a buy the rumor, sell the fact on the Fed,” he said. “That’s typical for the dollar to go up ahead of the rate hike and sell off afterwards.”
Oil on the boil
Oil gyrated wildly this past week, touching a high not seen since 2008, as the market worried there would not be enough oil supply due to sanctions on Russia. Buyers have shunned Moscow’s oil for fear of running afoul of financial sanctions, and the U.S. said it would ban purchases of Russian oil.
West Texas Intermediate crude futures jumped to $130.50 per barrel at the beginning of the week but settling Friday at $109.33.
“I think the market getting bid up to $130 was a little premature,” said Helima Croft, head of global commodities strategy at RBC, noting the U.S. ban on Russian oil. She said the run-up in prices Monday came as market players speculated there would be a broader embargo on Russian oil, including Europe, its main customer.
“Right now, the market is too extreme in either way. I think it’s justified at $110. I think it’s justified over $100. I don’t think we’re headed for an off-ramp, and I think we have room to go higher,” she said.
Gas Prices Hit A New Record
Crude oil may have reversed lower this week, but it's hard to tell when drivers head to the pumps. The national average for a gallon of regular gasoline has continued to rise to hit a record high of $4.33 in data from AAA going back to 2004. While prices typically rise this time of year, the vertical move this year has meant prices have grown at a much more rapid rate than normal.
(CLICK HERE FOR THE CHART!)
Doomsday Fear Index
During the Cold War, American children and adults were educated on how to best protect themselves from a nuclear explosion. This included measures from the silly "duck and cover" campaign to nuclear fallout shelter instructions. If you happen to be curious about the federal government's current recommendations in regards to protection from a nuclear blast, you can read up on the instructions here. We're not sure how focused people will be about wearing a mask in the event of nuclear fallout, but we guess you can never be too careful!
With tensions between Western nations and Russia reaching levels not seen since the Cold War, we took a look at Google Trends to identify the level of fear in the American population with respect to the current war in Ukraine. We looked at the search volumes for terms like nuclear war, WWIII, canned food, Potassium Iodide, and gas mask. Searches for many of these terms hit five-year highs in the early days of the Russian invasion but have subsided since. The current level is still well above normalcy, but fears appear to have eased over the last week as the West's retaliation has been almost entirely economic (or maybe there is no internet service in the fallout shelters). The aggregate index is pictured below.
(CLICK HERE FOR THE CHART!)
Below are charts of each search term we utilized in the composition of our index. Potassium Iodide, the compound utilized to mitigate the effects of excessive radiation exposure, is the only term that remains at a five-year high in terms of search volume. While searches for some of these terms were actually much higher during the early days of COVID, they all experienced upticks in the last few weeks. All-in-all, based on search trends based on fears of a nuclear situation or war with Russia spiked when the Ukraine invasion first started, but those fears have over the course of the last week.
(CLICK HERE FOR THE CHART!)
Investor Sentiment Remains Volatile
Considering equities and other risk asset prices continue to swing violently, so too have readings on investor sentiment. The weekly AAII survey of individual investors saw the percentage of respondents reporting as bullish fall back below 25% this week after rising above 30% last week. While that is not the largest drop in recent months (the second week of January saw bullish sentiment fall 7.9 percentage points compared to 6.4 today), it nonetheless reaffirmed that investor confidence is shaky, if not undecided, at the moment.
(CLICK HERE FOR THE CHART!)
The drop in bullish sentiment was mostly picked up by those reporting as bearish. Bearish sentiment rose 4.4 percentage points to 45.8%. While that reading is roughly 15 percentage points above the historical average for bearish sentiment, the reading is still lower than an even more pessimistic reading only two weeks ago when more than half of respondents reported as bearish.
(CLICK HERE FOR THE CHART!)
With the inverse moves in bullish and bearish sentiment, the bull-bear spread has pulled back to -21.8. As with bullish and bearish sentiment, even if that does not set a new low, it is only in the 5th percentile of readings going back to the start of the survey.
(CLICK HERE FOR THE CHART!)
After the largest single-week decline in nearly 20 years two weeks ago, neutral sentiment has been clawing its way back into the range it was in for most of the past year. Gaining another 2 percentage points this week, the reading is now back above 30%.
(CLICK HERE FOR THE CHART!)
Across each category of the report, there have been sizable swings in the past two months. To highlight this, in the chart below we show the eight-week rolling average of the absolute week over week change for each sentiment reading (bullish, bearish, and neutral) over the past 20 years. Over the history of the survey, weekly changes have gravitated towards smaller swings meaning the past decade is structurally a bit different relative to the decade before that. That being said, the weekly swings in the AAII readings on sentiment have been some of the largest of any period of the post-Global Financial Criss era. In fact, not even the COVID crash saw such volatility in sentiment (given optimism collapsed and then remained muted for some time rather than swing back and forth) while the only times this average was as high as now in the past decade were the spring of 2013, February 2016, and January 2019.
(CLICK HERE FOR THE CHART!)
More Volatility Likely in March, Recent Lows Remain Key
Thus far the market has been unable to find any real traction in the historically bullish month of March. As of today’s close DJIA is down 3.72% in March. S&P 500 is off 4.65%, NASDAQ is fallen 6.95% while the Russell 2000 is lower by 4.15%. Today’s gain by the small-cap Russell 2000 is somewhat encouraging and adds to the accumulating evidence that the market may finally be coming to terms with Ukraine, inflation, and the Fed. As we have noted in recent posts, investor sentiment has reached bearish levels last seen at the start of the covid-19 pandemic, S&P 500 has held its intra-day low reached on February 24 and VIX, although elevated, has not exploded to full-blown panic levels.
In addition, we can add March’s typical performance over the last 21-years to this list. As you can see in the chart above, the market has tended to selloff early in March and find a bottom around the sixth trading day of the month. Today was the sixth trading day. Afterwards the trend remains choppy, but it is generally higher until the end of the month.
(CLICK HERE FOR THE CHART!)
Be Greedy When Others Are Fearful
On this 13th Anniversary Global Financial Crisis Low, we may want to heed the wise words of one of the greatest investors of all time. “You try to be greedy when others are fearful, and fearful when others are greedy.” – Warren Buffett
So we ask: are we hitting another March market low on the 13th anniversary of the Global Financial Crisis low? It’s too early to be sure, but today’s rally and the recent dire projections and fearful sentiment are encouraging. CNN’s Fear & Greed Index shown above has clearly reached the extreme fear levels associated with market lows and turns.
Last week we posted how it was beginning to look like Investors Intelligence Bullish and Bearish Advisors % were indicating that contrary bearish sentiment was near bottoming levels. This may not be the final low, but the bottoming process is clearly underway. Sit tight and stick to your system.
(CLICK HERE FOR THE CHART!)
Country ETFs Falling Below Pre-COVID Highs
Headed up to the two-year anniversary of the COVID crash low (3/23/20), equities around the globe have been experiencing some of the worst pullbacks since that period. In the table below, we show the country ETFs of the countries tracked in our Global Macro Dashboard as well as their year and month to date performance, performance since each respective 52-week high as of 2/19/20 (the S&P 500 and a handful of other global indices last high before entering bear markets during the COVID crash) and current 52-week high. We also show where they are currently trading with respect to their 50-DMAs.
Given the degree of declines recently, nearly everything is oversold with six countries' readings now 'off the chart' as they trade well over three standard deviations below their 50-DMAs. The average country ETF is also down double digits on both a YTD basis and relative to their respective 52-week highs. Of the countries shown below, only Brazil (EWZ) and South Africa (EZA) are higher YTD with gains of 17.56% and 9.27%, respectively. Russia (RSX), meanwhile, is obviously down the most having been cut by over 75%.
The average country ETF is now down over 20% from its 52-week high, and only four of those 52-week highs have come since the start of 2022 whereas most were set last spring. As for how the current drawdowns have eaten into the post-COVID rallies, below we also show the percent change of these ETFs relative to their 52-week highs as of 2/19/20. In other words, where each ETF is trading with respect to their pre-COVID highs. Currently, there are only 8 country ETFs that remain above their respective pre-COVID highs. Seven others, meanwhile, have now declined more than 20% below their pre-COVID highs. Of course, Russia is once again down the most dramatically from those levels falling more than 75%.
(CLICK HERE FOR THE CHART!)
Below we show the charts of those eight countries that are currently still in the green relative to pre-COVID highs. The recent rough patch is not exactly identical for all countries though. Whereas the downtrends for some like Taiwan (EWT) or the US (SPY) are bringing these ETFs to multimonth lows, others like Canada (EWC) and Norway (ENOR) have more or less trended sideways. Since retaking pre-COVID highs, only Australia (EWA) has gone on to recently retest/fall back below those levels which it did in late January. While it would mean much further downside for the likes of EWT, SPY, and EWC, those prior highs could mark one area of tangible support for these other countries.
(CLICK HERE FOR THE CHART!)
The Little Guy Eying Inflation
Looking across the range of issues surveyed by the NFIB, labor and inflation remain front and center of what most concerns small businesses. As shown below, the combined percentage of respondents reporting either cost or quality of labor as their most important problem continues to be the most prevalent topic with 33% of firms reporting as such. That is down slightly from 34% in January thanks to the decline in quality of labor. Most other categories fell to or remained at record lows. Such was the case for Poor Sales, Competition from Big Business, Government Requirements and Red Tape, and Financial & Interest Rates.
(CLICK HERE FOR THE CHART!)
Last month the percentage of respondents reporting inflation as their biggest problem went unchanged from the December reading of 22%. This month that reading gained another 4 percentage points to cross above a quarter of all respondents for the first time on record going back to 1986. Behind labor concerns (the combined reading of cost and quality of labor), this is the most commonly reported problem, and based on the action in commodities prices over the last couple of weeks, this reading will almost certainly increase again next month.
(CLICK HERE FOR THE CHART!)
That means what has usually been the second most important problem on a combined basis recently, government requirement and taxes, dropped in the ranking. In fact, the 3 percentage point decline in government requirements offset the one percentage point increase in taxes to tie the November 2005 reading for the lowest on record. As we have noted in the past, the past few presidential cycles have structurally seen lower readings in these indices when Republicans were in office and vice versa when Democrats have held the presidency. With Biden currently in office, the record low reading is somewhat unusual from this political perspective.
(CLICK HERE FOR THE CHART!)
That is not the only category that has fallen to record lows. Poor sales and competition from big business have both fallen dramatically in the past couple of years.
(CLICK HERE FOR THE CHART!)
(CLICK HERE FOR THE CHART!)
- ($COUP $GTLB $DLO $MTN $CVGW $CTRN $KMDA $KNDI $DOLE $SFT $S $LOTZ $SMAR $ASPU $JBL $RMBL $DOYU $LEN $IDEX $WSM $PD $SMTC $ACN $DG $CMC $DBI $HUT $GME $FDX $STNE $HITI $AVPT)
Monday 3.14.22 Before Market Open:
(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Monday 3.14.22 After Market Close:
(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK# 1!)
Tuesday 3.15.22 Before Market Open:
(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Tuesday 3.15.22 After Market Close:
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 3.16.22 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 3.16.22 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 3.17.22 Before Market Open:
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 3.17.22 After Market Close:
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Friday 3.18.22 Before Market Open:
(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)
Friday 3.18.22 After Market Close:
([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
(NONE.)
FedEx Corp. $213.18
FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, March 17, 2022. The consensus earnings estimate is $4.70 per share on revenue of $23.42 billion and the Earnings Whisper ® number is $4.79 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 35.45% with revenue increasing by 8.88%. Short interest has increased by 15.1% since the company's last earnings release while the stock has drifted lower by 16.0% from its open following the earnings release to be 16.5% below its 200 day moving average of $255.32. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, March 10, 2022 there was some notable buying of 2,352 contracts of the $240.00 call expiring on Friday, July 15, 2022. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 5.9% move in recent quarters.
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GameStop Corp. $92.69
GameStop Corp. (GME) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 17, 2022. The consensus earnings estimate is $0.76 per share on revenue of $2.22 billion and the Earnings Whisper ® number is $0.52 per share. Investor sentiment going into the company's earnings release has 41% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 43.28% with revenue increasing by 4.61%. Short interest has increased by 72.7% since the company's last earnings release while the stock has drifted lower by 44.5% from its open following the earnings release to be 46.1% below its 200 day moving average of $171.92. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, March 7, 2022 there was some notable buying of 1,860 contracts of the $115.00 put expiring on Friday, May 20, 2022. Option traders are pricing in a 16.2% move on earnings and the stock has averaged a 17.7% move in recent quarters.
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Hut 8 Mining Corp. $4.99
Hut 8 Mining Corp. (HUT) is confirmed to report earnings at approximately 7:30 AM ET on Thursday, March 17, 2022. The consensus earnings estimate is $0.16 per share on revenue of $43.16 million and the Earnings Whisper ® number is $0.16 per share. Investor sentiment going into the company's earnings release has 85% expecting an earnings beat. Short interest has increased by 43.4% since the company's last earnings release while the stock has drifted lower by 66.4% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 23, 2022 there was some notable buying of 2,243 contracts of the $4.50 put expiring on Friday, March 18, 2022. Option traders are pricing in a 14.1% move on earnings and the stock has averaged a 3.8% move in recent quarters.
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Dollar General Corporation $205.55
Dollar General Corporation (DG) is confirmed to report earnings at approximately 6:55 AM ET on Thursday, March 17, 2022. The consensus earnings estimate is $2.56 per share on revenue of $8.69 billion and the Earnings Whisper ® number is $2.55 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.29% with revenue increasing by 3.27%. Short interest has increased by 23.5% since the company's last earnings release while the stock has drifted lower by 5.8% from its open following the earnings release to be 5.4% below its 200 day moving average of $217.26. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, February 10, 2022 there was some notable buying of 1,521 contracts of the $230.00 call expiring on Friday, June 17, 2022. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 2.8% move in recent quarters.
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Ideanomics $0.88
Ideanomics (IDEX) is confirmed to report earnings after the market closes on Wednesday, March 16, 2022. The consensus estimate is for a loss of $0.02 per share on revenue of $31.00 million. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 88.89% with revenue increasing by 180.06%. Short interest has increased by 35.8% since the company's last earnings release while the stock has drifted lower by 45.2% from its open following the earnings release to be 60.4% below its 200 day moving average of $2.23. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 22, 2022 there was some notable buying of 3,665 contracts of the $1.00 call expiring on Friday, March 18, 2022. Option traders are pricing in a 34.6% move on earnings and the stock has averaged a 8.0% move in recent quarters.
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StoneCo Ltd. $8.93
StoneCo Ltd. (STNE) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 17, 2022. The consensus earnings estimate is $0.01 per share on revenue of $297.71 million and the Earnings Whisper ® number is ($0.07) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 94.74% with revenue increasing by 60.37%. Short interest has increased by 42.3% since the company's last earnings release while the stock has drifted lower by 65.9% from its open following the earnings release to be 75.0% below its 200 day moving average of $35.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 4, 2022 there was some notable buying of 1,572 contracts of the $9.00 put expiring on Friday, March 18, 2022. Option traders are pricing in a 19.9% move on earnings and the stock has averaged a 10.7% move in recent quarters.
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Ballard Power Systems Inc. $10.98
Ballard Power Systems Inc. (BLDP) is confirmed to report earnings before the market opens on Monday, March 14, 2022. The consensus estimate is for a loss of $0.08 per share on revenue of $28.84 million and the Earnings Whisper ® number is ($0.10) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 60.00% with revenue increasing by 0.88%. Short interest has increased by 18.3% since the company's last earnings release while the stock has drifted lower by 41.8% from its open following the earnings release to be 24.3% below its 200 day moving average of $14.50. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, February 28, 2022 there was some notable buying of 2,464 contracts of the $11.00 put and 1,264 contracts of the $10.00 call expiring on Friday, March 18, 2022. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 10.4% move in recent quarters.
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GOL Linhas Aereas Inteligentes SA $5.20
GOL Linhas Aereas Inteligentes SA (GOL) is confirmed to report earnings at approximately 6:15 AM ET on Monday, March 14, 2022. The consensus estimate is for a loss of $0.41 per share on revenue of $469.51 million and the Earnings Whisper ® number is ($0.38) per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 54.44% with revenue increasing by 33.91%. Short interest has increased by 62.4% since the company's last earnings release while the stock has drifted lower by 21.3% from its open following the earnings release to be 28.2% below its 200 day moving average of $7.24. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 28.4% move on earnings and the stock has averaged a 2.7% move in recent quarters.
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Whole Earth Brands, Inc. $8.71
Whole Earth Brands, Inc. (FREE) is confirmed to report earnings at approximately 7:30 AM ET on Monday, March 14, 2022. The consensus earnings estimate is $0.20 per share on revenue of $138.56 million and the Earnings Whisper ® number is $0.18 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 253.85% with revenue increasing by 83.07%. Short interest has decreased by 19.4% since the company's last earnings release while the stock has drifted lower by 24.5% from its open following the earnings release to be 30.1% below its 200 day moving average of $12.46. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 8.6% move on earnings and the stock has averaged a 4.5% move in recent quarters.
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Accenture Ltd. $311.58
Accenture Ltd. (ACN) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, March 17, 2022. The consensus earnings estimate is $2.36 per share on revenue of $13.22 billion and the Earnings Whisper ® number is $2.39 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 16.26% with revenue increasing by 9.36%. Short interest has increased by 14.3% since the company's last earnings release while the stock has drifted lower by 24.6% from its open following the earnings release to be 7.1% below its 200 day moving average of $335.49. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, February 28, 2022 there was some notable buying of 2,399 contracts of the $365.00 call expiring on Friday, March 18, 2022. Option traders are pricing in a 7.8% move on earnings and the stock has averaged a 4.4% move in recent quarters.
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Federal Reserve Chair Jerome Powell testifies before Congress in the week ahead, and markets will hang on what he says regarding how the Russia-Ukraine conflict could affect Fed policy.
Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues to hang over markets.
The Fed has clearly broadcast that it intends to raise its target fed funds rate by a quarter percentage point from zero, and it is expected to announce that move at the end of its two-day meeting Wednesday. The central bank should also reveal new forecasts for interest rates, inflation and the economy.
There are a few economic reports of note in the week ahead, including the producer price index Tuesday, retail sales Wednesday and existing home sales Friday.
“Earnings are over. Monetary policy is obviously going to be important here. I don’t see the Fed surprising anyone next week,” said Steve Massocca, managing director at Wedbush Securities. “It’s going to be a quarter point and then step into the background and watch what’s happening in Europe.”
Stocks fell for the past week, with the Nasdaq Composite the worst performer with a 3.5% decline. Meanwhile, the small-cap Russell 2000, which outperformed the three major indexes, lost 1% for the week.
A surge in oil prices spooked investors, with crude spiking to $130 at the beginning of the week but trading back below $110 on Friday.
The S&P 500 was down about 2.9% for the week. Energy stocks were the top performers, up nearly 1.9% and the only positive major sector.
Fed ahead
The impact of Russian sanctions on commodities markets and the lack of clarity around the outcome of the war in Ukraine are likely to keep volatility high across the financial markets.
The central bank’s statement and comments from Federal Reserve Chairman Jerome Powell on Wednesday will be closely watched for guidance on how Fed officials view the Ukraine crisis, and how much it could affect their outlook and the path for interest rates.
“His guidance is probably not going to be all that different from what he had to say in the [Congressional] testimony. Basically, downside risks to the growth outlook have increased. Upside risks to inflation have risen,” said Mark Cabana, head of U.S. short rates strategy at Bank of America.
Because Russia is a giant commodities producer, its assault on Ukraine and resulting sanctions have set off a rally in commodities markets that has made already-scorching inflation even hotter. February’s consumer price index was up 7.9%, and economists said rising gasoline prices could send it above 9% in March.
Gasoline at the pump jumped nearly 50 cents in the past week to $4.33 per gallon of unleaded, according to AAA.
Market pros see surging inflation as a catalyst that will keep the Fed on track to raise interest rates. However, uncertainty about the economic outlook could also mean the central bank might not hike as much as the seven rate increases that some economists forecast for this year.
Cabana expects Fed officials to forecast five hikes for 2022 and another four next year. The Fed previously anticipated three increases in both years. Cabana said the Fed could cut its forecast for 2024 to just one hike, from the two in their last outlook.
Any comments from the Fed on what it plans for its nearly $9 trillion balance sheet will also be important, since officials have said they would like to begin to scale it back this year after they start hiking interest rates. The Fed replaces maturing Treasury bonds and mortgages as they roll off, and it could slow that in a process Wall Street has dubbed “quantitative tightening” or QT.
“That they will be ready to flip the switch on QT in May is our base case, but we acknowledge there are risks that this will be skewed later,” said Cabana. He said if the Fed finds it is not in a position to raise interest rates as much as it hoped, it could delay shrinking the balance sheet right away, which would leave policy looser.
Bond market liquidity
The 10-year Treasury yield topped 2% at its highest level Friday, after dipping below 1.7% earlier this month as investors sought safety in bonds. Bond yields move opposite price.
“It’s inflation and inflation expectations. Treasurys behave in this environment a little differently than a flight to quality asset,” Cabana said “That’s a different dynamic than we’ve observed. You may see a flight to quality into Treasurys, but the Treasurys are reflecting higher inflation expectations.”
Cabana said the markets are showing signs of concern around the uncertainty in Ukraine. For instance, the Treasury market is less liquid.
“We have seen that the Treasury market has become more volatile. We’re seeing bid-ask spreads have widened. Some of the more traditionally less liquid parts of the market may have become less liquid, like TIPS and the 20-year. We’re also seeing market depth thinning out,” he said. “This is all due to elevated uncertainty and lack of risk-taking willingness by market participants, and I think that should worry the Fed.”
But Cabana said markets are not showing major stress.
“We’re not seeing signs the wheels are falling off in funding or that counterparty credit risks are super elevated. But the signs there are very much that all is not well,” he said.
“The other thing we continue to watch loosely are funding markets, and those funding markets are showing a real premium for dollars. Folks are paying up a lot to get dollars in a way they haven’t since Covid,” he said.
Cabana said the market is looking for reassurance from the Fed that it is watching the conflict in Ukraine.
“I think it would upset the market if the Fed reflected a very high degree of confidence in one direction or another,” he said. “That seems very unlikely.”
Dollar strength
The dollar index was up 0.6% on the week and it has been rising during Russia’s attack on Ukraine. The index is the value of the dollar against a basket of currencies and is heavily weighted toward the euro.
Marc Chandler, chief market strategist at Bannockburn Global Forex, also points out that the dollar funding market is seeing some pressure but it is not strained.
“The dollar is at five-year highs today against the yen. That’s not what you would expect in a risk-off environment,” he said. “That’s a testament to the dollar’s strength.”
Chandler said it’s possible the dollar weakens in the coming week if it follows its usual interest rate hike playbook.
“I think there might be a buy the rumor, sell the fact on the Fed,” he said. “That’s typical for the dollar to go up ahead of the rate hike and sell off afterwards.”
Oil on the boil
Oil gyrated wildly this past week, touching a high not seen since 2008, as the market worried there would not be enough oil supply due to sanctions on Russia. Buyers have shunned Moscow’s oil for fear of running afoul of financial sanctions, and the U.S. said it would ban purchases of Russian oil.
West Texas Intermediate crude futures jumped to $130.50 per barrel at the beginning of the week but settling Friday at $109.33.
“I think the market getting bid up to $130 was a little premature,” said Helima Croft, head of global commodities strategy at RBC, noting the U.S. ban on Russian oil. She said the run-up in prices Monday came as market players speculated there would be a broader embargo on Russian oil, including Europe, its main customer.
“Right now, the market is too extreme in either way. I think it’s justified at $110. I think it’s justified over $100. I don’t think we’re headed for an off-ramp, and I think we have room to go higher,” she said.
Gas Prices Hit A New Record
Crude oil may have reversed lower this week, but it's hard to tell when drivers head to the pumps. The national average for a gallon of regular gasoline has continued to rise to hit a record high of $4.33 in data from AAA going back to 2004. While prices typically rise this time of year, the vertical move this year has meant prices have grown at a much more rapid rate than normal.
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Doomsday Fear Index
During the Cold War, American children and adults were educated on how to best protect themselves from a nuclear explosion. This included measures from the silly "duck and cover" campaign to nuclear fallout shelter instructions. If you happen to be curious about the federal government's current recommendations in regards to protection from a nuclear blast, you can read up on the instructions here. We're not sure how focused people will be about wearing a mask in the event of nuclear fallout, but we guess you can never be too careful!
With tensions between Western nations and Russia reaching levels not seen since the Cold War, we took a look at Google Trends to identify the level of fear in the American population with respect to the current war in Ukraine. We looked at the search volumes for terms like nuclear war, WWIII, canned food, Potassium Iodide, and gas mask. Searches for many of these terms hit five-year highs in the early days of the Russian invasion but have subsided since. The current level is still well above normalcy, but fears appear to have eased over the last week as the West's retaliation has been almost entirely economic (or maybe there is no internet service in the fallout shelters). The aggregate index is pictured below.
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Below are charts of each search term we utilized in the composition of our index. Potassium Iodide, the compound utilized to mitigate the effects of excessive radiation exposure, is the only term that remains at a five-year high in terms of search volume. While searches for some of these terms were actually much higher during the early days of COVID, they all experienced upticks in the last few weeks. All-in-all, based on search trends based on fears of a nuclear situation or war with Russia spiked when the Ukraine invasion first started, but those fears have over the course of the last week.
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Investor Sentiment Remains Volatile
Considering equities and other risk asset prices continue to swing violently, so too have readings on investor sentiment. The weekly AAII survey of individual investors saw the percentage of respondents reporting as bullish fall back below 25% this week after rising above 30% last week. While that is not the largest drop in recent months (the second week of January saw bullish sentiment fall 7.9 percentage points compared to 6.4 today), it nonetheless reaffirmed that investor confidence is shaky, if not undecided, at the moment.
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The drop in bullish sentiment was mostly picked up by those reporting as bearish. Bearish sentiment rose 4.4 percentage points to 45.8%. While that reading is roughly 15 percentage points above the historical average for bearish sentiment, the reading is still lower than an even more pessimistic reading only two weeks ago when more than half of respondents reported as bearish.
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With the inverse moves in bullish and bearish sentiment, the bull-bear spread has pulled back to -21.8. As with bullish and bearish sentiment, even if that does not set a new low, it is only in the 5th percentile of readings going back to the start of the survey.
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After the largest single-week decline in nearly 20 years two weeks ago, neutral sentiment has been clawing its way back into the range it was in for most of the past year. Gaining another 2 percentage points this week, the reading is now back above 30%.
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Across each category of the report, there have been sizable swings in the past two months. To highlight this, in the chart below we show the eight-week rolling average of the absolute week over week change for each sentiment reading (bullish, bearish, and neutral) over the past 20 years. Over the history of the survey, weekly changes have gravitated towards smaller swings meaning the past decade is structurally a bit different relative to the decade before that. That being said, the weekly swings in the AAII readings on sentiment have been some of the largest of any period of the post-Global Financial Criss era. In fact, not even the COVID crash saw such volatility in sentiment (given optimism collapsed and then remained muted for some time rather than swing back and forth) while the only times this average was as high as now in the past decade were the spring of 2013, February 2016, and January 2019.
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More Volatility Likely in March, Recent Lows Remain Key
Thus far the market has been unable to find any real traction in the historically bullish month of March. As of today’s close DJIA is down 3.72% in March. S&P 500 is off 4.65%, NASDAQ is fallen 6.95% while the Russell 2000 is lower by 4.15%. Today’s gain by the small-cap Russell 2000 is somewhat encouraging and adds to the accumulating evidence that the market may finally be coming to terms with Ukraine, inflation, and the Fed. As we have noted in recent posts, investor sentiment has reached bearish levels last seen at the start of the covid-19 pandemic, S&P 500 has held its intra-day low reached on February 24 and VIX, although elevated, has not exploded to full-blown panic levels.
In addition, we can add March’s typical performance over the last 21-years to this list. As you can see in the chart above, the market has tended to selloff early in March and find a bottom around the sixth trading day of the month. Today was the sixth trading day. Afterwards the trend remains choppy, but it is generally higher until the end of the month.
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Be Greedy When Others Are Fearful
On this 13th Anniversary Global Financial Crisis Low, we may want to heed the wise words of one of the greatest investors of all time. “You try to be greedy when others are fearful, and fearful when others are greedy.” – Warren Buffett
So we ask: are we hitting another March market low on the 13th anniversary of the Global Financial Crisis low? It’s too early to be sure, but today’s rally and the recent dire projections and fearful sentiment are encouraging. CNN’s Fear & Greed Index shown above has clearly reached the extreme fear levels associated with market lows and turns.
Last week we posted how it was beginning to look like Investors Intelligence Bullish and Bearish Advisors % were indicating that contrary bearish sentiment was near bottoming levels. This may not be the final low, but the bottoming process is clearly underway. Sit tight and stick to your system.
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Country ETFs Falling Below Pre-COVID Highs
Headed up to the two-year anniversary of the COVID crash low (3/23/20), equities around the globe have been experiencing some of the worst pullbacks since that period. In the table below, we show the country ETFs of the countries tracked in our Global Macro Dashboard as well as their year and month to date performance, performance since each respective 52-week high as of 2/19/20 (the S&P 500 and a handful of other global indices last high before entering bear markets during the COVID crash) and current 52-week high. We also show where they are currently trading with respect to their 50-DMAs.
Given the degree of declines recently, nearly everything is oversold with six countries' readings now 'off the chart' as they trade well over three standard deviations below their 50-DMAs. The average country ETF is also down double digits on both a YTD basis and relative to their respective 52-week highs. Of the countries shown below, only Brazil (EWZ) and South Africa (EZA) are higher YTD with gains of 17.56% and 9.27%, respectively. Russia (RSX), meanwhile, is obviously down the most having been cut by over 75%.
The average country ETF is now down over 20% from its 52-week high, and only four of those 52-week highs have come since the start of 2022 whereas most were set last spring. As for how the current drawdowns have eaten into the post-COVID rallies, below we also show the percent change of these ETFs relative to their 52-week highs as of 2/19/20. In other words, where each ETF is trading with respect to their pre-COVID highs. Currently, there are only 8 country ETFs that remain above their respective pre-COVID highs. Seven others, meanwhile, have now declined more than 20% below their pre-COVID highs. Of course, Russia is once again down the most dramatically from those levels falling more than 75%.
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Below we show the charts of those eight countries that are currently still in the green relative to pre-COVID highs. The recent rough patch is not exactly identical for all countries though. Whereas the downtrends for some like Taiwan (EWT) or the US (SPY) are bringing these ETFs to multimonth lows, others like Canada (EWC) and Norway (ENOR) have more or less trended sideways. Since retaking pre-COVID highs, only Australia (EWA) has gone on to recently retest/fall back below those levels which it did in late January. While it would mean much further downside for the likes of EWT, SPY, and EWC, those prior highs could mark one area of tangible support for these other countries.
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The Little Guy Eying Inflation
Looking across the range of issues surveyed by the NFIB, labor and inflation remain front and center of what most concerns small businesses. As shown below, the combined percentage of respondents reporting either cost or quality of labor as their most important problem continues to be the most prevalent topic with 33% of firms reporting as such. That is down slightly from 34% in January thanks to the decline in quality of labor. Most other categories fell to or remained at record lows. Such was the case for Poor Sales, Competition from Big Business, Government Requirements and Red Tape, and Financial & Interest Rates.
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Last month the percentage of respondents reporting inflation as their biggest problem went unchanged from the December reading of 22%. This month that reading gained another 4 percentage points to cross above a quarter of all respondents for the first time on record going back to 1986. Behind labor concerns (the combined reading of cost and quality of labor), this is the most commonly reported problem, and based on the action in commodities prices over the last couple of weeks, this reading will almost certainly increase again next month.
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That means what has usually been the second most important problem on a combined basis recently, government requirement and taxes, dropped in the ranking. In fact, the 3 percentage point decline in government requirements offset the one percentage point increase in taxes to tie the November 2005 reading for the lowest on record. As we have noted in the past, the past few presidential cycles have structurally seen lower readings in these indices when Republicans were in office and vice versa when Democrats have held the presidency. With Biden currently in office, the record low reading is somewhat unusual from this political perspective.
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That is not the only category that has fallen to record lows. Poor sales and competition from big business have both fallen dramatically in the past couple of years.
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- ($COUP $GTLB $DLO $MTN $CVGW $CTRN $KMDA $KNDI $DOLE $SFT $S $LOTZ $SMAR $ASPU $JBL $RMBL $DOYU $LEN $IDEX $WSM $PD $SMTC $ACN $DG $CMC $DBI $HUT $GME $FDX $STNE $HITI $AVPT)
Monday 3.14.22 Before Market Open:
(CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Monday 3.14.22 After Market Close:
(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK# 1!)
Tuesday 3.15.22 Before Market Open:
(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Tuesday 3.15.22 After Market Close:
(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 3.16.22 Before Market Open:
(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Wednesday 3.16.22 After Market Close:
(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 3.17.22 Before Market Open:
(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)
Thursday 3.17.22 After Market Close:
(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)
Friday 3.18.22 Before Market Open:
(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)
Friday 3.18.22 After Market Close:
([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
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FedEx Corp. $213.18
FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:00 PM ET on Thursday, March 17, 2022. The consensus earnings estimate is $4.70 per share on revenue of $23.42 billion and the Earnings Whisper ® number is $4.79 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 35.45% with revenue increasing by 8.88%. Short interest has increased by 15.1% since the company's last earnings release while the stock has drifted lower by 16.0% from its open following the earnings release to be 16.5% below its 200 day moving average of $255.32. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, March 10, 2022 there was some notable buying of 2,352 contracts of the $240.00 call expiring on Friday, July 15, 2022. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 5.9% move in recent quarters.
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GameStop Corp. $92.69
GameStop Corp. (GME) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 17, 2022. The consensus earnings estimate is $0.76 per share on revenue of $2.22 billion and the Earnings Whisper ® number is $0.52 per share. Investor sentiment going into the company's earnings release has 41% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 43.28% with revenue increasing by 4.61%. Short interest has increased by 72.7% since the company's last earnings release while the stock has drifted lower by 44.5% from its open following the earnings release to be 46.1% below its 200 day moving average of $171.92. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, March 7, 2022 there was some notable buying of 1,860 contracts of the $115.00 put expiring on Friday, May 20, 2022. Option traders are pricing in a 16.2% move on earnings and the stock has averaged a 17.7% move in recent quarters.
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Hut 8 Mining Corp. $4.99
Hut 8 Mining Corp. (HUT) is confirmed to report earnings at approximately 7:30 AM ET on Thursday, March 17, 2022. The consensus earnings estimate is $0.16 per share on revenue of $43.16 million and the Earnings Whisper ® number is $0.16 per share. Investor sentiment going into the company's earnings release has 85% expecting an earnings beat. Short interest has increased by 43.4% since the company's last earnings release while the stock has drifted lower by 66.4% from its open following the earnings release. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 23, 2022 there was some notable buying of 2,243 contracts of the $4.50 put expiring on Friday, March 18, 2022. Option traders are pricing in a 14.1% move on earnings and the stock has averaged a 3.8% move in recent quarters.
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Dollar General Corporation $205.55
Dollar General Corporation (DG) is confirmed to report earnings at approximately 6:55 AM ET on Thursday, March 17, 2022. The consensus earnings estimate is $2.56 per share on revenue of $8.69 billion and the Earnings Whisper ® number is $2.55 per share. Investor sentiment going into the company's earnings release has 52% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.29% with revenue increasing by 3.27%. Short interest has increased by 23.5% since the company's last earnings release while the stock has drifted lower by 5.8% from its open following the earnings release to be 5.4% below its 200 day moving average of $217.26. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, February 10, 2022 there was some notable buying of 1,521 contracts of the $230.00 call expiring on Friday, June 17, 2022. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 2.8% move in recent quarters.
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Ideanomics $0.88
Ideanomics (IDEX) is confirmed to report earnings after the market closes on Wednesday, March 16, 2022. The consensus estimate is for a loss of $0.02 per share on revenue of $31.00 million. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 88.89% with revenue increasing by 180.06%. Short interest has increased by 35.8% since the company's last earnings release while the stock has drifted lower by 45.2% from its open following the earnings release to be 60.4% below its 200 day moving average of $2.23. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 22, 2022 there was some notable buying of 3,665 contracts of the $1.00 call expiring on Friday, March 18, 2022. Option traders are pricing in a 34.6% move on earnings and the stock has averaged a 8.0% move in recent quarters.
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StoneCo Ltd. $8.93
StoneCo Ltd. (STNE) is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 17, 2022. The consensus earnings estimate is $0.01 per share on revenue of $297.71 million and the Earnings Whisper ® number is ($0.07) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 94.74% with revenue increasing by 60.37%. Short interest has increased by 42.3% since the company's last earnings release while the stock has drifted lower by 65.9% from its open following the earnings release to be 75.0% below its 200 day moving average of $35.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 4, 2022 there was some notable buying of 1,572 contracts of the $9.00 put expiring on Friday, March 18, 2022. Option traders are pricing in a 19.9% move on earnings and the stock has averaged a 10.7% move in recent quarters.
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Ballard Power Systems Inc. $10.98
Ballard Power Systems Inc. (BLDP) is confirmed to report earnings before the market opens on Monday, March 14, 2022. The consensus estimate is for a loss of $0.08 per share on revenue of $28.84 million and the Earnings Whisper ® number is ($0.10) per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 60.00% with revenue increasing by 0.88%. Short interest has increased by 18.3% since the company's last earnings release while the stock has drifted lower by 41.8% from its open following the earnings release to be 24.3% below its 200 day moving average of $14.50. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, February 28, 2022 there was some notable buying of 2,464 contracts of the $11.00 put and 1,264 contracts of the $10.00 call expiring on Friday, March 18, 2022. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 10.4% move in recent quarters.
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GOL Linhas Aereas Inteligentes SA $5.20
GOL Linhas Aereas Inteligentes SA (GOL) is confirmed to report earnings at approximately 6:15 AM ET on Monday, March 14, 2022. The consensus estimate is for a loss of $0.41 per share on revenue of $469.51 million and the Earnings Whisper ® number is ($0.38) per share. Investor sentiment going into the company's earnings release has 54% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 54.44% with revenue increasing by 33.91%. Short interest has increased by 62.4% since the company's last earnings release while the stock has drifted lower by 21.3% from its open following the earnings release to be 28.2% below its 200 day moving average of $7.24. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 28.4% move on earnings and the stock has averaged a 2.7% move in recent quarters.
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Whole Earth Brands, Inc. $8.71
Whole Earth Brands, Inc. (FREE) is confirmed to report earnings at approximately 7:30 AM ET on Monday, March 14, 2022. The consensus earnings estimate is $0.20 per share on revenue of $138.56 million and the Earnings Whisper ® number is $0.18 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 253.85% with revenue increasing by 83.07%. Short interest has decreased by 19.4% since the company's last earnings release while the stock has drifted lower by 24.5% from its open following the earnings release to be 30.1% below its 200 day moving average of $12.46. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 8.6% move on earnings and the stock has averaged a 4.5% move in recent quarters.
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Accenture Ltd. $311.58
Accenture Ltd. (ACN) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, March 17, 2022. The consensus earnings estimate is $2.36 per share on revenue of $13.22 billion and the Earnings Whisper ® number is $2.39 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 16.26% with revenue increasing by 9.36%. Short interest has increased by 14.3% since the company's last earnings release while the stock has drifted lower by 24.6% from its open following the earnings release to be 7.1% below its 200 day moving average of $335.49. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, February 28, 2022 there was some notable buying of 2,399 contracts of the $365.00 call expiring on Friday, March 18, 2022. Option traders are pricing in a 7.8% move on earnings and the stock has averaged a 4.4% move in recent quarters.
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