Margin Loans – Borrow Funds to Purchase Stocks | Charles

[NYTimes] Sources describe horror stories of young and inexperienced investors on Robinhood, many engaging in riskier trades at far higher volumes than at other firms

https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html
Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free.
Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products, and features like falling confetti and emoji-filled phone notifications that made it feel like a game. After funding his account with $15,000 in credit card advances, he began spending more time on the app.
As he repeatedly lost money, Mr. Dobatse took out two $30,000 home equity loans so he could buy and sell more speculative stocks and options, hoping to pay off his debts. His account value shot above $1 million this year — but almost all of that recently disappeared. This week, his balance was $6,956.
“When he is doing his trading, he won’t want to eat,” said his wife, Tashika Dobatse, with whom he has three children. “He would have nightmares.”
Millions of young Americans have begun investing in recent years through Robinhood, which was founded in 2013 with a sales pitch of no trading fees or account minimums. The ease of trading has turned it into a cultural phenomenon and a Silicon Valley darling, with the start-up climbing to an $8.3 billion valuation. It has been one of the tech industry’s biggest growth stories in the recent market turmoil.
But at least part of Robinhood’s success appears to have been built on a Silicon Valley playbook of behavioral nudges and push notifications, which has drawn inexperienced investors into the riskiest trading, according to an analysis of industry data and legal filings, as well as interviews with nine current and former Robinhood employees and more than a dozen customers. And the more that customers engaged in such behavior, the better it was for the company, the data shows.
Thanks for reading The Times. Subscribe to The Times More than at any other retail brokerage firm, Robinhood’s users trade the riskiest products and at the fastest pace, according to an analysis of new filings from nine brokerage firms by the research firm Alphacution for The New York Times.
In the first three months of 2020, Robinhood users traded nine times as many shares as E-Trade customers, and 40 times as many shares as Charles Schwab customers, per dollar in the average customer account in the most recent quarter. They also bought and sold 88 times as many risky options contracts as Schwab customers, relative to the average account size, according to the analysis.
The more often small investors trade stocks, the worse their returns are likely to be, studies have shown. The returns are even worse when they get involved with options, research has found.
This kind of trading, where a few minutes can mean the difference between winning and losing, was particularly hazardous on Robinhood because the firm has experienced an unusual number of technology issues, public records show. Some Robinhood employees, who declined to be identified for fear of retaliation, said the company failed to provide adequate guardrails and technology to support its customers.
Those dangers came into focus last month when Alex Kearns, 20, a college student in Nebraska, killed himself after he logged into the app and saw that his balance had dropped to negative $730,000. The figure was high partly because of some incomplete trades.
“There was no intention to be assigned this much and take this much risk,” Mr. Kearns wrote in his suicide note, which a family member posted on Twitter.
Like Mr. Kearns, Robinhood’s average customer is young and lacks investing know-how. The average age is 31, the company said, and half of its customers had never invested before.
Some have visited Robinhood’s headquarters in Menlo Park, Calif., in recent years to confront the staff about their losses, said four employees who witnessed the incidents. This year, they said, the start-up installed bulletproof glass at the front entrance.
“They encourage people to go from training wheels to driving motorcycles,” Scott Smith, who tracks brokerage firms at the financial consulting firm Cerulli, said of Robinhood. “Over the long term, it’s like trying to beat the casino.”
At the core of Robinhood’s business is an incentive to encourage more trading. It does not charge fees for trading, but it is still paid more if its customers trade more.
That’s because it makes money through a complex practice known as “payment for order flow.” Each time a Robinhood customer trades, Wall Street firms actually buy or sell the shares and determine what price the customer gets. These firms pay Robinhood for the right to do this, because they then engage in a form of arbitrage by trying to buy or sell the stock for a profit over what they give the Robinhood customer.
This practice is not new, and retail brokers such as E-Trade and Schwab also do it. But Robinhood makes significantly more than they do for each stock share and options contract sent to the professional trading firms, the filings show.
For each share of stock traded, Robinhood made four to 15 times more than Schwab in the most recent quarter, according to the filings. In total, Robinhood got $18,955 from the trading firms for every dollar in the average customer account, while Schwab made $195, the Alphacution analysis shows. Industry experts said this was most likely because the trading firms believed they could score the easiest profits from Robinhood customers.
Vlad Tenev, a founder and co-chief executive of Robinhood, said in an interview that even with some of its customers losing money, young Americans risked greater losses by not investing in stocks at all. Not participating in the markets “ultimately contributed to the sort of the massive inequalities that we’re seeing in society,” he said.
Mr. Tenev said only 12 percent of the traders active on Robinhood each month used options, which allow people to bet on where the price of a specific stock will be on a specific day and multiply that by 100. He said the company had added educational content on how to invest safely.
He declined to comment on why Robinhood makes more than its competitors from the Wall Street firms. The company also declined to comment on Mr. Dobatse or provide data on its customers’ performance.
Robinhood does not force people to trade, of course. But its success at getting them do so has been highlighted internally. In June, the actor Ashton Kutcher, who has invested in Robinhood, attended one of the company’s weekly staff meetings on Zoom and celebrated its success by comparing it to gambling websites, said three people who were on the call.
Mr. Kutcher said in a statement that his comment “was not intended to be a comparison of business models nor the experience Robinhood provides its customers” and that it referred “to the current growth metrics.” He added that he was “absolutely not insinuating that Robinhood was a gambling platform.”
ImageRobinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone. Robinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone.Credit...via Reuters Robinhood was founded by Mr. Tenev and Baiju Bhatt, two children of immigrants who met at Stanford University in 2005. After teaming up on several ventures, including a high-speed trading firm, they were inspired by the Occupy Wall Street movement to create a company that would make finance more accessible, they said. They named the start-up Robinhood after the English outlaw who stole from the rich and gave to the poor.
Robinhood eliminated trading fees while most brokerage firms charged $10 or more for a trade. It also added features to make investing more like a game. New members were given a free share of stock, but only after they scratched off images that looked like a lottery ticket.
The app is simple to use. The home screen has a list of trendy stocks. If a customer touches one of them, a green button pops up with the word “trade,” skipping many of the steps that other firms require.
Robinhood initially offered only stock trading. Over time, it added options trading and margin loans, which make it possible to turbocharge investment gains — and to supersize losses.
The app advertises options with the tagline “quick, straightforward & free.” Customers who want to trade options answer just a few multiple-choice questions. Beginners are legally barred from trading options, but those who click that they have no investing experience are coached by the app on how to change the answer to “not much” experience. Then people can immediately begin trading.
Before Robinhood added options trading in 2017, Mr. Bhatt scoffed at the idea that the company was letting investors take uninformed risks.
“The best thing we can say to those people is ‘Just do it,’” he told Business Insider at the time.
In May, Robinhood said it had 13 million accounts, up from 10 million at the end of 2019. Schwab said it had 12.7 million brokerage accounts in its latest filings; E-Trade reported 5.5 million.
That growth has kept the money flowing in from venture capitalists. Sequoia Capital and New Enterprise Associates are among those that have poured $1.3 billion into Robinhood. In May, the company received a fresh $280 million.
“Robinhood has made the financial markets accessible to the masses and, in turn, revolutionized the decades-old brokerage industry,” Andrew Reed, a partner at Sequoia, said after last month’s fund-raising.
Image Robinhood shows users that its options trading is free of commissions. Robinhood shows users that its options trading is free of commissions. Mr. Tenev has said Robinhood has invested in the best technology in the industry. But the risks of trading through the app have been compounded by its tech glitches.
In 2018, Robinhood released software that accidentally reversed the direction of options trades, giving customers the opposite outcome from what they expected. Last year, it mistakenly allowed people to borrow infinite money to multiply their bets, leading to some enormous gains and losses.
Robinhood’s website has also gone down more often than those of its rivals — 47 times since March for Robinhood and 10 times for Schwab — according to a Times analysis of data from Downdetector.com, which tracks website reliability. In March, the site was down for almost two days, just as stock prices were gyrating because of the coronavirus pandemic. Robinhood’s customers were unable to make trades to blunt the damage to their accounts.
Four Robinhood employees, who declined to be identified, said the outage was rooted in issues with the company’s phone app and servers. They said the start-up had underinvested in technology and moved too quickly rather than carefully.
Mr. Tenev said he could not talk about the outage beyond a company blog post that said it was “not acceptable.” Robinhood had recently made new technology investments, he said.
Plaintiffs who have sued over the outage said Robinhood had done little to respond to their losses. Unlike other brokers, the company has no phone number for customers to call.
Mr. Dobatse suffered his biggest losses in the March outage — $860,000, his records show. Robinhood did not respond to his emails, he said, adding that he planned to take his case to financial regulators for arbitration.
“They make it so easy for people that don’t know anything about stocks,” he said. “Then you go there and you start to lose money.”
submitted by jayatum to investing [link] [comments]

M1 Plus Review

Intro:
Bought into M1 Plus from a $60/yr Promotion 2 months ago. I had an investment account already, and even one of the first spend accounts. I had declined the offer for M1 Plus at $125/yr.
This is a first review of M1 Plus after two months of use and a bit of a dive into the value of its features from a financial and user experience point of view.
Value:
This is a pretty simple one. Do the math. The interest vs. your other checking account multiplied by the amount of cash you’d be keeping in there for M1 Spend. If you’re borrowing from M1 too, the 1.5% difference (or whatever difference there is between M1 Borrow and your next best offer) multiplied by the amount of money you’d like to borrow. If all these add up to greater than whatever annual fee is offered, go for it.
Otherwise, it’d be a very expensive metal card. But if 4 waived ATM fees go a long way to save you money, that should be worth considering too, however, there are tons of cards and products that’ll waive said fees, some even for unlimited transactions and no upfront cost. Just because M1 is offering this benefit as part of a premium package doesn’t mean it’s impossible to find for free somewhere else.
XP:
It is a great experience. I constantly invest lumps of $500 into my portfolio all the time. It’s quick, easy, and immediately fulfilling. Not that other brokerages don’t do this. But M1 is clearly focused on showing you your long term progress on your investment goals. It uses a money weighted return formula so that you know how much your capital has been making you to easily compare to the return of bank accounts and investments. There’s a reason their product is called “Invest” and not “Trade”, more on that later. But this means it’s primarily suited for this purpose. During the Covid crash, I took to Robinhood to place my Put Options on the S&P because high frequency derivatives trading and M1 basically speak different languages. All this to say, it feels amazing to watch your investments accounts slowly creep up as you continue to dollar cost average into the market, but this has some drawbacks.
Pies. While fun and easy to build, mix and match, they are not a very common mechanic to implement on amateur portfolios. Selling stocks can be quite the process on M1, and the platform will try its darnest to discourage you from making any but the most basic adjustments to your portfolio. Its really only suited for the “set it and forget it” mindset, which is not to say you can’t mess around with your money as you please, but it’s just so perfect for investing and watching your money grow with a long time horizon. The plots will show you your progress and encourage you to keep a regular deposit schedule. But try trading into and out of a stock, or a set amount of shares, or even thinking about playing with derivatives and other financial instruments: slim pickings.
The numbers make a lot of sense, too. I’ve been investing for about 5 years now, and my latest craze has been leverage. I’ve read about how the optimal leverage ratio for the S&P on average was 2.0 or 100% levered up, and looked up the historical comparisons to corroborate. Shopping around for margin accounts and available capital, it’s tough to beat the 2% rates at the moment. I’ve been slowly levering up during the latest market rally to great effect and the low interest really pumps up those numbers. Having this much cheap capital, not just for leverage, but also for life is worth more than just the time value of money. I would make the point that this is made even more valuable by having all your financial services on the same platform, as you really get to do with your money as you please and move it around to withdraw it to your hearts content.
My real issue was with Spend. Not a problem with the product but myself, in trying to justify the annual fee. I weighed how much money it would make sense to keep in Spend as opposed to an online savings account. To keep cash a couple of months ago, it made more sense to opt for ally or marcus as they were offering close to 1.55% on cash. But as their rates have plummeted, getting 1.0% on a CHECKING account has been an absolute godsend in this crazy economy. This account works for just about anything with the notable exception of checks... in a checking account which I suspect is the reason for the “Spend” branding the product was marketed with. When it’s hard to even find 1% on a savings account, a 1% APY on checking is no-worries approach to cash investment.
Ultimately, having all of these balances displayed together on the Transfers tab is huge in terms of consumer experience. This, however, should not be a replacement for true “Dashboard” that could show an overview of all your money moves and account balances.
Ideas:
M1 Trade. Admittedly, I do see how this can be very contrary to the philosophy, product and experience that M1 has worked to create. That being said, thinking that your customer will always prefer to have their money invested into automatically allocated pies is a little short-sighted.
Opening a much more DIY Trading product on M1 would of course have them incur tons of costs in handling and verifying transactions of all the individual financial, but many places already offer such services for free, some are even profitable at it. An M1 Trade product would also need integrating the Invest product because regardless of what you’re doing on the platform, you still consider your money your investments and want to see it all together. Pies and individual Buys would have to play nice together, and that does sound like a difficult endeavor.
I keep a couple of accounts with different mixtures of my pies for all my purposes. I also handle the investments for a few of my family members, which will become relevant shortly. You can obviously set up as many accounts as you wish and move money into them as you desire, but this can get you into some warmer water. If two of your pies hold most the same securities and you just want to have a different pie for a different account, you’ll have to call up to pause trading so that your pies have a chance to get to know each other and not force you to sell and buy right back into the same assets just to incur the taxes. It’s a bit of a hassle, and I would argue, on purpose.
For Pies themselves, I often find myself wanting to make small tweaks to pies but then quickly let it go as removing slices would automatically trigger a massive sell off that incurs taxes. From a conversation with tech support, I gathered that the best way to do this was simply pause trading on your account, and change the pie you want all your money to go into. Editing pies is fine and easy, but completely swapping a pie for another one led me to believe that it would sell put of all my holdings even if the old and new pie had many of those same holdings. If this is me being stupid, good, if it’s a gap in features, I hope M1 lets you simply swap a pie for any other and gives you the option either sell everything, sell only what is 0 in the second pie, or sell nothing and simply continue aiming for the allocation of the new pie without touching your previous investments.
Lastly, an iPad app. I’m a big fan of the iPad and the iPad Pro in particular. I’ve found myself using it far more than my laptop which is now strictly reserved for long work sessions (I write and edit for a YouTube Channel) and watching content in groups of people (15” MBP Speakers are the stuff of legend). But for anything else, I subconsciously grab the iPad. It’s annoying to have the website be the best M1 experience on the iPad. I understand that making a compelling iPad investing app is its own mountain to climb, but a lot of the Mobile app’s functionality can be ported over without too much of a hassle. Charles Schwab has an iPad app based 99% on the iPhone app that still performs all the same functions, just on the bigger screen, which is the whole point of the iPad in the first place. While it’s not a top shelf iPad app (there are only a select few) the Schwab app is lovely and I’m begging M1 for anything that doesn’t force me to use my iPad in portrait mode to use a blown up iPhone app. Again, this app doesn’t have to be a world beater, just a decent looking and bigger version of the iPhone app that would go a long way to boost the M1 customer experience.
Closing Remarks:
Obligatory YMMV disclosure: it’s about the math, I won’t bore you with my own, but I was just over the line when it made sense for me to opt into the $60/yr promo.
That being said, M1’s value has been a lot about the experience. The future of finance is free. No brokerage should be making money on transaction commissions or administrative fees, it’s a relic from the before times when you needed people who knew people on wall street to do your trading. At this point its not even worth any perceived convenience.
The clever ones reading this will point out that, while true, many brokerages already offer a wide variety of free services. Many of them, even, that M1 doesn’t offer.
The true spirit of this review is to express my personal opinion on the value of M1 Plus and how the customer experience is its edge in the ebrokerage market. Rates are competitive, but it is a brand new way to consider finance and its role in your life and society.
TL;DR
Spend is pretty competitive for a checking account, and as long as you’re not using checks too often, its a no brainer for anyone with close to $10,000 in cash just sitting somewhere.
Invest is beautiful, but the free version is exactly as good, more windows means very little with the limited trading you’re allowed to do anyway.
Borrow is brilliant, hella flexible and competitive rates.
8/10 Would recommend to a friend.
submitted by TomasFCampos to M1Finance [link] [comments]

As a beginner,trading penny stocks has been an arduous journey. How did you improve as a beginner?

My first stock trade ever was Tonix Pharmaceuticals, ticker symbol $TNXP. I put in a market order expecting the stock to rise at least 20%. As it would turn out, $1.50 was the peak of the stocks run and I lost around 30% of my underlying securities value and sold at a huge loss.
My second stock trade was Prona Biotechnology Ltd, ticker symbol $ATHE. I saw it skyrocket during pre-market hours. It was up 150%. Wow! Unfortunately, my broker doesn't allow for pre-market trading at 4 am but rather 7 am. Fine. I then waited until I could put in a limit order for $ATHE and so I did. By the time I looked back, the stock was up 250%. I FOMOed because of the $5 price tag it was now at(it closed at $1.50 the day before).
I believed $ATHE it would go to $7 or so when the market would open because it jumped all the way to $6.15 at pre-market, so i bought at 4.98..... next thing I knew, it's plummeting all the way down to $4.15 five minutes later. I tried selling at a break even point and even put in a limit sell at $5. $ATHE then jumped to $5.75 but there was one problem, MY ORDER NEVER EXECUTED. I don't know why considering the fact my limit order was 5, but that's what happened. I was down 35% the next day(today)and sold at a loss evident of it's current price.
Should I just stop trading penny stocks? I have a relative small account of 300 dollars when comparing to others. Really passionate about trading. What helped you when you were first starting out, its been difficult to trade these penny stocks. What made you improve?
P.S. I'd like to specify how bad a cash account has been. Anyone using Fidelity know the difference between "cash available to trade" and "settled funds"? Charles Schwab gives you margin account when you sign up, even if you don't have 2k. But fidelity makes you wait a week to see you're improved. I was denied, so what's the best course of action here?
Edit: My account has received a trade violation and if I do it one more time, it wont allow me to trade with anything but settled funds for 90 days. I know what this means, but can someone explain more in depths. Specifically the difference between "settled cash" and "cash available to trade"?
submitted by Apennyis1cent to pennystocks [link] [comments]

Charles Schwab in talks to buy TD Ameritrade, a deal could be announced as early as today, source says

Charles Schwab in talks to buy TD Ameritrade, a deal could be announced as early as today, source says submitted by netBlu to wallstreetbets [link] [comments]

Day trading with unsettling founds

I have a margin account with Charles Schwab, they gave me 90k of buying power (day trading funds), If I use the whole 90k to buy a stock, sell it few mins later. Do I have to wait 3 days for the funds to settle ? Or the funds are available for me to use it as soon as I sell the security?
submitted by Melimelo3220 to Daytrading [link] [comments]

Which brokers provide instant settlement?

I'm thinking to switch to either Charles Schwab or Fidelity. I'm not considering Webull because Schwab and Fidelity's order execution quality should be much better as compared Webull.
I'm planning to deposit about $6800 in my trading account and do 3 day trades per week. So, I wanted to know whether I'll be able to make those 3 trades on a single day or one day after the other in one week. I'll be using 100% of my buying power in each trade. Will good faith violation be applied to my account on these trades or not? I’m confused about whether 3 or less trades are allowed on same day or not, as the full buying power may not be available because of unsettled funds. Will the full buying power be available immediately after selling stocks worth full buying power? Also, will any margin interest be applied to my account in the situations stated above?
submitted by jasonbdt666 to stocks [link] [comments]

I just woke up literally to a margin call from risk management

Account: https://i.imgur.com/TPFvsQ6.jpg
Was a $400k equity portfolio margin position that I bought $3.2m total of UPRO and TMF on, two 3x leveraged ETFs. 55% UPRO 45% TMF. I just rebalanced gains from TMF into UPRO and it now blew up.
I walked risk management through the positions. The SPX position is a short box spread financing the margin for the position. The other two positions are risk parity positions that I explained to him was much safer than the 100% stocks and less correlation than a 50/50 stock bond portfolio.
His response: Your "safer" portfolio just caused a $276k margin call.
Risk management is going to reevaluate their bond/stock correlation offsets both in general and for 3x levered ETFs.
Anyways, I'm a bit off the hook. Since the margin loan is due to the market by 16 dec 22 and I'm getting 15k/mo tax free disability, risk management was nice enough to give me a 5 day portfolio margin call to bring the account back up to 100k positive equity. If not, the UPRO/TMF positions are liquidated, SPX remains, and I have until the date the short box spread is due. At that time I'll have a full margin call when the brokers account is on the hook. I'm down to "risk reduction only" trades.
I had to provide proof by sending in pay stubs that I really am getting $15k/mo in tax free disability insurance pay.
So I'm going to pray portfolio goes up, otherwise whoever the fuck on the other side of my SPX box spread lending me 2.8 million at 0.85% APR to gamble on stocks is going to wish they bought US treasuries instead.

TL;DR what strike/ underlying

Go for puts on my broker TD Ameritrade or their new owner Charles Schwab. $AMTD or $SCHW. Say $20 puts.
submitted by Adderalin to wallstreetbets [link] [comments]

Lost 93k selling naked TSLA and SPCE calls - lessons learned and moving forward

Inspired by stormwillpass's post on writing naked TSLA calls, I wanted to share with the community a similar story, how not to have your money vanish before your eyes and what I've learned during this process.
Background: I trade with Fidelity and have Level 5 option power.
During the early days of February, I started writing naked $TSLA short term (3-4 days out) calls at about .15 Delta thinking that there was no way the stock would hit the strike and I would profit.
However, $TSLA spiked on multiple days, and the IV on my calls exploded (wrote them at 180% IV and BTC at 350+ IV) that caused my cash requirement to increase significantly and resulted in a margin call and subsequent forced liquidation (Buy to Close) at significant losses.
The shitty thing about this is that $TSLA closed the week below the strike price of my calls, and I would have gotten out with a profit if my broker didn't liquidate me.
This same exact thing happened with $SPCE with me writing $35C and $40C calls early this week, and was margin called and liquidated and the stock closed the week at $33.87.
Lessons learned:
Let me know if you have any questions about this. Hopefully, the goal is this post is to teach theta gang that you should always hedge your positions that have unlimited losses so you don't end up like me.
TL:DR - you can be absolutely correct and still lose money.
Edit: Thanks for the gold kind stranger.
https://imgur.com/a/omx9fYS
submitted by us1549 to wallstreetbets [link] [comments]

Breakdown of Costs and Fees per Brokerage

Just trying to get y'all the best price / Fee structure for your needs.
Brokerage Stock ETF Options Futures
TD Ameritrade $0 $0 $0.65/Contract $2.25/Contract
Interactive Brokers $0.0035/Share $0.0035/Share $0.25 to $0.65/Contract $0.85/Contract
Robinhood $0 $0 $0/Contract N/A
WeBull $0 $0 N/A N/A
Charles Schwab $0 $0 to $4.95/Trade $0.65/Contract $1.50/Contract
E-Trade $0 $4.95 $0.50/Contract $1.50/Contract per side
All of these brokerages have incredibly complex pricing structures so if you generally specialize in a certain contract or trade with a specific purpose you may be better suited to a different company. Below is my personal opinion about the following companies as I have at least some experience with each of them.
TD Ameritrade: TDA has a great user interface and powerful tools and analytics. TOS is exponentially more refined than their web platform. I keep $9 in my TDA account currently just to stream CNBC from the mobile app for free. If you only trade stock or options this may now be a viable platform, but if you trade any other kind of instrument their fee structure can still get in the way.
Interactive Brokers: IBKR is my personal favorite. Tools and analytics like you've never seen before come standard. The customer support is great but most of all, their fee structure is tiered, meaning for big volume pushers it can be an even better price. If you trade more complicated financial instruments or contracts, this is the one for you and at the best price.
Robinhood: Absolute garbage. Go ahead, down vote you HFT Fodder. All your orders get shafted and half the time your just trading with stub quotes. Terrible customer service. execution on everything is garbage. Robinhood is what made me move to WeBull.
WeBull: If you want a buttery smooth mobile experience, then look no further. This app is the bees knees when it comes to exclusively mobile stock traders. I still have funds in this account because if I need to trade while on the go, this is the best way to do it. That being said, you will be severely limited with the types of instruments you can trade, although they are working on releasing options within the next year. WeBull may be a reasonable contender once it grows to offer more.
Charles Schwab: what a non polarizing experience. I don't hate it, and I don't love it. It's just there. There are still cheaper alternatives with better tools.
E-Trade: Want to save a few bucks? then GTFO, E-Trade hates it when their clients get to keep their money. Contracts on SPX cost a penny more per contract.
Additionally, if you trade on margin, you need to check those rates. Not surprisingly if you play with big boy dollars IBKR has the best rates. WeBull has rates for intraday trades with up to 4x leverage, but has variable interest rates for shorted shares dependent on the risk associated with the share recalculated daily. TDA charges a whopping 10.25% on margin of less than 10k. I couldn't even find the cost to borrow for some brokers.
The bottom line is that how you invest could significantly change what broker works best for you, but the industry is shaking up due to commission free startups, payment for order flow and changing regulatory standards. These fee structures are all likely to change quite a bit over the next few months so keep updated and make sure to call your broker every now and then to negotiate your fees, even if you're comfortable with what you currently pay because all this pressure is great for retail traders!
EDIT: Updated pricing for Options on Charles Schwab and E-Trade.
submitted by chaney3 to wallstreetbets [link] [comments]

Charles Schwab - new to day trading

All,
First off, thanks in advance for any insight you may offer. I've been searching around the internet and through my Charles Schwab account online and haven't had much luck finding a concrete answer. I've been very intrigued by the idea of day trading as of late and have even pulled off a few profitable trades by using stock screeners by filtering by companies reporting annual earnings.
My question is - how do I know if my CS account is a cash or margin account? I want to avoid the day trade limit so they don't freeze my account for 90 days due to PTD rules as I don't have $25k in currently. I'm making sure I'm only trading up to the value of "Settled Funds" under my Cash Balances section instead of trading up to max of "Available to day trade" as this includes margin.
Thanks!
submitted by RelevantYoshi to Daytrading [link] [comments]

Charles Schwab Option Assignment Procedure

Hello WallStreet Bets,
In a defined risk strategy, say a credit spread. If my short gets assigned and I do not have the required capital for assignment. What is Schwab's procedure in this situation? I know my options when dealing w/ assignment 1) Exercise long option, 2) Sell or buyback the stock received or sold during assignment 3) Hold onto the stock (not an option due to insufficient capital).
Let's say I do not have the required capital in my account to deal with the assignment. I know I can perform steps 1 and 2 to get myself out of the assignment, but will Schwab slap a flag on my account? Let's say this happens multiple times over the course of a year, due to the nature of options trading. And my final question, how much time does Schwab give you to deal with this margin call?
Let me state: I only care about how the broker Charles Schwab deals with this issue. Please do not post responses that deal with other brokers (i.e. Robinhood, TDAmeritrade, etc.).
Thank You Kind Internet Dwellers,
red2green
submitted by Red2Green to wallstreetbets [link] [comments]

Wall Street Week Ahead for the trading week beginning October 14th, 2019

Good Saturday afternoon to all of you here on wallstreetbets. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning October 14th, 2019.

Profits expected to fall as earnings season kicks off in the week ahead - (Source)

The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines.
First out of the gate are major banks and financial companies, with J.P. Morgan, Citigroup, Wells Fargo, BlackRock and Goldman Sachs reporting Tuesday. But by the end of the week, a smattering of industrial, tech, transportation and consumer names will have reported, including Alcoa and Honeywell. Netflix and IBM report Wednesday, and consumer giant Coca-Cola reports Friday. United Airlines reports Tuesday, and CSX reports Wednesday.
Besides earnings, some important economic reports are being released, including retail sales on Wednesday and industrial production Thursday.
Earnings for the S&P 500 are expected to decline by 3.1% for the third quarter, after growing by more than 3% in the second quarter, according to data from Refinitiv. For the second quarter, earnings were also expected to be negative to flat, but results beat lowered expectations.
“The story of are we going to be negative, or are we not going to be negative, is going to be in focus,” said Patrick Palfrey, senior equity strategist at Credit Suisse.
Palfrey said margins are being pinched in several areas, including energy, with the decline in oil prices. Oil has been responding more to worries about global growth and trade wars than to geopolitical developments that normally could drive it higher. West Texas Intermediate crude was down 7.5% in the third quarter.
“We are of the view that companies will likely devote a significant portion of their time talking about the impact of trade tariffs,” Palfrey said. “The goal is to ascertain just how much the decline in earnings is coming from those pressures.”
The decline in oil prices, in fact, are expected to drag down profits in the energy sector. Earnings for the energy sector are expected to be down 32%, while revenues are expected to fall by 9.5%, according to Credit Suisse. Margins for the sector are expected to contract by 22.7%. Without energy estimates included, S&P profits would be down just 1%, according to Refinitiv.
“We think margins are going to subtract 5.9% from EPS growth of the S&P 500,” said Palfrey. He projects earnings overall to decline by 4.2%, and he does not expect the stock market to make much headway during the earnings season.
“I think we’re moving sideways. The real backstop is the environment, while under pressure, it is nonrecessionary, and that will ultimately prevent the market from materially selling off,” said Palfrey.
Palflrey said a group he calls “tech plus,” which include tech and communications companies, have taken some of the biggest margin hits this quarter even though revenue growth remains solid. Six of the top 10 companies whose margins impacted S&P earnings growth the most are from that group, including Alphabet , Amazon, Apple, Facebook, IBM and Micron.
As a group, their margins are expected to contract by 14.8%, compared with 3.6% for all other S&P 500 companies combined.
ExxonMobil and Occidental Petroleum are on the list of companies with the biggest margin hits. Exxon for example saw a decline in margins of 34%, and Credit Suisse estimates that pared 0.6% off overall S&P 500 earnings growth. Credit Suisse says the consensus decline in Amazon margins is expected to be 42.5%, denting S&P earnings growth by 0.3%.
“At least for earnings, it’s a relatively positive backdrop. We should see a little bit of clarity on the whole China trade,” said Paul Hickey, co-founder of Bespoke. Hickey said in the past two quarters, stocks did well at the start of the reporting season, but they were then derailed by trade developments in the latter part of the earnings period.
Palfrey said the market is being held back by several factors, including the slowdown in the manufacturing sector. “I think it’s going to be difficult for the market to move meaningfully higher without an improvement in industrial data and without the yield curve becoming uninverted,” he said.
ISM manufacturing data has been weakening and has shown a contraction in activity for the past two months.
The inverted yield curve is a bond market recession warning. When the curve is inverted, shorter duration securities yield more than longer duration securities, meaning investors are demanding a higher yield to hold investments for a much briefer time. In this case, the 3-month Treasury bill was yielding about 11 more basis points than the 10-year note.
Hickey said there could be some positives in the earnings season, like last quarter. Negative revisions of earnings estimates by analysts are outnumbering positive revisions by about 2 to 1. He noted in the last two quarters, stocks responded well to earnings news in the beginning of the reporting period but then faded when negative headlines on trade in the latter part of each earnings season.
“Expectations seem pretty low. We’ve had analysts’ downward revisions remain elevated, as they’ve been heading into prior warning seasons. But we haven’t necessarily seen the number of warnings from companies rising,” he said. “It could be a positive divergence that analysts are lowering earnings estimates at a higher-than-average rate, but companies aren’t warning at a higher-than-average rate.”
Financial companies profits are expected to be up by 1.4%, and real estate is expected to see the best profit growth with a gain of 2.7%, according to Refinitiv. The information technology sector is expected to see a profit decline of 7.6%, and communications is expected to be 1% lower, according to Refinitiv. Materials is expected to see the biggest decline after energy. Sensitive to global growth and manufacturing, the sector’s earnings are expected to fall 11.1%.
Despite the downbeat expectations for third-quarter earnings, companies may issue more positive outlooks after China and the U.S. announced the first phase of a trade deal.
Stocks rallied Friday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all up more than 1%. The Dow and S&P 500 were also up around 1% for the week and snapped a three-week losing streak.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Sector Performance WTD, MTD, YTD:

(CLICK HERE FOR FRIDAY'S PERFORMANCE!)
(CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
(CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)
(CLICK HERE FOR THE CHART LINK #3!)
(CLICK HERE FOR THE CHART LINK #4!)

Next Week's Economic Indicators - 10/11/19

It was a disappointing week for US economic data as two-thirds of releases came in weaker than expected or than the prior period. Consumer Credit data for the month of August was the only major release on Monday, exceeding expectations, but declining from July’s level. Inflation data took the spotlight this week with the release of PPI, CPI, and export and import prices. Core CPI was inline with the previous month and the import price index’s decline (year over year) was smaller than forecasted, but other readings on inflation were weaker. Likewise, labor data had its share of disappointments as the JOLTS report showed a third consecutive decline in openings, hourly earnings growth slowed, and continuing claims ticked higher. Initial Jobless Claims provided some relief though, coming in at 210K compared to 220K expected and 219K last week. While small business optimism was weaker—NFIB’s index fell to 101.8 from 103.1—consumer sentiment readings from Bloomberg and the University of Michigan both rose with the latter exceeding expectations.
(CLICK HERE FOR THE CHART!)
Looking ahead to next week, the calendar is slightly busier with 22 releases on the docket in addition to earnings beginning to ramp up as a total of 115 companies report. There are no scheduled economic releases Monday due to Columbus Day, so next week’s data begins on Tuesday with Empire Manufacturing which is forecasted to fall from 2.0 to 0.5. Other manufacturing gauges, including the Philadelphia Fed’s index and industrial production, are also expected to fall. Retail Sales is scheduled for Wednesday and are expected to rise 0.3%. On Thursday, Housing Starts and Permit data are both expected to show moderation. The leading index is scheduled to round out the week on Friday.
(CLICK HERE FOR THE CHART!)

Fund Flows Favor Fixed Income

This week’s fund flow numbers from the Investment Company Institute showed that the long, steady rotation from equity mutual funds and exchange traded funds to fixed income funds has continued.
As shown below, the spread between equity fund flows and fixed income fund flows has reached a net reading of -$165.9bn over the last three months; that’s among the largest net flow out of equities and into bonds since the data starts.
(CLICK HERE FOR THE CHART!)
Fixed income isn’t the only place that retail has been moving allocations to. As shown in the chart below, 13 week commodity fund flows have been among the largest of the periods since the data for ETF and mutual funds combined begins.
(CLICK HERE FOR THE CHART!)

The Most Volatile Stocks on Earnings

Looking for action? At the start of each earnings season, we publish our list of the most volatile stocks on earnings. Our Earnings Explorer tool contains a huge database that has every single quarterly earnings report for nearly all US-listed stocks going back to 2001. One part of the database tracks the one-day price reaction that stocks experience following their earnings reports, so users are able to easily track how individual stocks typically react to earnings.
In the table below, we show the stocks expected to report within the next month that have historically been the most volatile in reaction to earnings. To make the list, the company had to have at least 20 quarterly reports (5 years) and also have a current share price of $5 or more.
At the top of the list is Telecom equipment maker Infinera (INFN), which is scheduled to report on October 28th after the close. INFN just barely makes the cut because it trades at $5.20/share, but it has historically averaged a one-day absolute change of 15.16% on its historical earnings reaction days. You can expect a big move when it reports at the end of this month. Consumer review website YELP ranks as the second most volatile stock on earnings with an average one-day move of +/-14.85%. Enphase Energy (ENPH), LendingTree (TREE), and Applied Opto (AAOI) round out the top five with average one-day moves of more than +/-13% on their earnings reaction days. Other notables towards the top of the list include Wayfair (W), Netflix (NFLX), and Twitter (TWTR), which all typically move either up or down more than 12% on earnings.
Of the stocks on the list, Enphase (ENPH) is up by far the most in 2019 with a huge gain of 424%. Other stocks like Stamps.com (STMP), ANGI Homeservices (ANGI), and Green Dot (GDOT) are down more than 50% YTD. Twitter (TWTR), Blucora (BCOR), and Benefitfocus (BNFT) have the highest earnings beat rates at more than 90%. While it has a high beat rate, BNFT has been on a wild ride over the past two years, rallying from $24 up to $60 in 2018 before falling all the way back down to $24 as of today. You can bet a big move is in store when it reports on the 31st.
(CLICK HERE FOR THE CHART!)
If you're just interested in large-cap names, below is a list of the most volatile S&P 500 stocks on earnings. These are stocks set to report over the next month, and as shown, Netflix (NFLX) is at the top of the list with an average one-day move of +/-12.78% on earnings. Twitter (TWTR), Align Tech (ALGN), TripAdvisor (TRIP), and Akamai (AKAM) rank 2nd through 5th in that order, while other notables include Amazon (AMZN), Advanced Micro (AMD), Chipotle (CMG), Facebook (FB), Electronic Arts (EA), and Wynn Resorts (WYNN).
If you own or have interest in owning any of these names, buckle up because they're likely to experience a big move when they report at some point in the next few weeks!
(CLICK HERE FOR THE CHART!)

Key Earnings Reports Over the Next Two Weeks

Our Earnings Calendar is part of our Earnings Explorer tool. The calendar shows the upcoming earnings report dates for US-listed companies over the next month, and investors use it as an easy way to monitor the names they're most interested in. We provide quite a bit of information for each company listed in the calendar, including EPS and sales estimates, its historical beat rates, and its average share price performance on its earnings reaction day. If you ever want to know how a stock typically trades in reaction to its earnings report, this is the place to go.
The Q3 2019 earnings reporting period finally kicks off next week when most of the big banks are set to report. But the biggest weeks for earnings will come in the back half of October and the first couple weeks of November. As shown in the chart below, the week of October 28th through November 1st is the busiest of them all when we'll see hundreds of companies report each day.
(CLICK HERE FOR THE CHART!)
Below is a list pulled from our Earnings Calendar of the key earnings reports to watch next week (based on market cap). There are no key reports to speak of on Monday the 14th due to Columbus Day, but on Tuesday we'll hear from Citigroup (C), Goldman (GS), JP Morgan (JPM), Wells Fargo (WFC), Johnson & Johnson (JNJ), and UnitedHealth (UNH) all before the open. On Wednesday, we'll get results from Bank of America (BAC) in the morning and then IBM and Netflix (NFLX) after the close, while on Thursday we'll hear from Morgan Stanley (MS), which will be the last of the major banks and brokers to report next week. American Express (AXP), Coca-Cola (KO), and Schlumberger (SLB) will finish off the week with reports on Friday morning.
Of the key stocks reporting next week, Goldman (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH) beat EPS estimates the most often at more than 90% of the time. In terms of price reactions, Intuitive Surgical (ISRG) -- which reports on Thursday afternoon -- has historically reacted the most positively to earnings with an average one-day gain of 3.24%. Bank of America (BAC) has the weakest price reaction to earnings with an average one-day drop of 0.95%.
In terms of earnings volatility, Netflix (NFLX) takes the cake with an average absolute one-day change of 12.78% on its earnings reaction day.
(CLICK HERE FOR THE CHART!)
The following week (10/21-10/25) is when we'll really be in the heart of the Q3 reporting period. A large number of Dow 30 stocks will report that week, including big blue chips like McDonald's (MCD), United Tech (UTX), Procter & Gamble (PG), Boeing (BA), Caterpillar (CAT), Intel (INTC), and Microsoft (MSFT). The most important report of the week will come on Thursday the 24th when Amazon (AMZN) announces after the close. AMZN is currently expected to announce earnings of $7.19/share and revenues of $68.7 billion for the quarter. AMZN doesn't have an abnormally high EPS beat rate at just 62.5%, but it is typically a very volatile name as its average one-day move on earnings has historically been nearly +/-10%. Just think, a 10% move for AMZN is a $174 swing in either direction based on its current share price.
(CLICK HERE FOR THE CHART!)

Is October Really Scary?

Just like that, the S&P 500 Index fell more than 1% on the first day of October. The rough start has many investors on edge, as October is known for spectacular crashes—specifically 1929, 1987, and 2008.
On the flipside, September 2019 was historically calm for equity markets, as the S&P 500 didn’t fall 1% on a single day the entire month.
“The lack of any volatility in September could mean the usually volatile month of October could be due for some big swings,” said LPL Financial Senior Market Strategist Ryan Detrick. “The good news, though, is while October has had a bad rap for some big drops, over the past 20 years, it actually has been the third best month of the year for stocks.”
As shown in the LPL Chart of the Day, October has quietly been one of the strongest months of the year over the past 10 and 20 years. Going back to 1950, it ranks as the seventh strongest month of the year, so right near the middle of the pack.
(CLICK HERE FOR THE CHART!)
Four other things to consider: Since 1950, no month has had more 1% moves (higher or lower) than October. Since 1928, 6 of the 10 worst single-day drops have taken place in October; however, 3 of the 10 best days ever occurred in October as well. This is a pre-election year, and as the chart above shows, October’s average returns in a pre-election year have been muted since 1950. The catch here is that this average return is greatly impacted by the 21.8% drop in 1987. The median return is actually quite respectable. October has been higher during a pre-election year every year since 1999, with an average return of an impressive 6.5%.

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending October 11th, 2019

(CLICK HERE FOR THE YOUTUBE VIDEO!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 10.13.19

(CLICK HERE FOR THE YOUTUBE VIDEO!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $NFLX
  • $JPM
  • $UNH
  • $C
  • $BAC
  • $JNJ
  • $GS
  • $WFC
  • $APHA
  • $SCHW
  • $ALLY
  • $ABT
  • $BLK
  • $KO
  • $PLD
  • $UAL
  • $PM
  • $WIT
  • $MS
  • $IBM
  • $AXP
  • $FHN
  • $FRC
  • $URI
  • $SLB
  • $HON
  • $CSX
  • $PNC
  • $UNP
  • $TEAM
  • $AA
  • $USB
  • $ISRG
  • $ERIC
  • $CCI
  • $BK
  • $ASML
  • $JBHT
  • $CMA
  • $TSM
  • $TXT
  • $SNBR
  • $BBT
  • $MBWM
  • $GPC
  • $KMI
  • $KEY
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
(CLICK HERE FOR MOST ANTICIPATED EARNINGS RELEASES FOR THE NEXT 5 WEEKS!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 10.14.19 Before Market Open:

([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Monday 10.14.19 After Market Close:

([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!]())
NONE.

Tuesday 10.15.19 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Tuesday 10.15.19 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Wednesday 10.16.19 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Wednesday 10.16.19 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Thursday 10.17.19 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Thursday 10.17.19 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 10.18.19 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 10.18.19 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Netflix, Inc. $282.93

Netflix, Inc. (NFLX) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, October 16, 2019. The consensus earnings estimate is $1.05 per share on revenue of $5.25 billion and the Earnings Whisper ® number is $1.08 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat The company's guidance was for earnings of approximately $1.04 per share. Consensus estimates are for year-over-year earnings growth of 17.98% with revenue increasing by 31.27%. Short interest has increased by 21.2% since the company's last earnings release while the stock has drifted lower by 12.6% from its open following the earnings release to be 15.3% below its 200 day moving average of $334.07. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 20, 2019 there was some notable buying of 22,522 contracts of the $300.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 5.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

JPMorgan Chase & Co. $116.14

JPMorgan Chase & Co. (JPM) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $2.44 per share on revenue of $28.21 billion and the Earnings Whisper ® number is $2.48 per share. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.27% with revenue decreasing by 15.01%. Short interest has increased by 15.5% since the company's last earnings release while the stock has drifted higher by 2.3% from its open following the earnings release to be 7.1% above its 200 day moving average of $108.43. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 2, 2019 there was some notable buying of 6,413 contracts of the $105.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 3.2% move on earnings and the stock has averaged a 1.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

UnitedHealth Group, Inc. $222.07

UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $3.75 per share on revenue of $59.96 billion and the Earnings Whisper ® number is $3.83 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 9.97% with revenue increasing by 6.02%. Short interest has increased by 16.3% since the company's last earnings release while the stock has drifted lower by 16.4% from its open following the earnings release to be 8.7% below its 200 day moving average of $243.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, September 26, 2019 there was some notable buying of 4,631 contracts of the $215.00 call and 4,517 contracts of the $215.00 put expiring on Friday, October 18, 2019. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 3.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Citigroup, Inc. $70.10

Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $1.96 per share on revenue of $18.54 billion and the Earnings Whisper ® number is $2.00 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 12.64% with revenue decreasing by 25.11%. Short interest has increased by 28.2% since the company's last earnings release while the stock has drifted lower by 2.3% from its open following the earnings release to be 7.0% above its 200 day moving average of $65.49. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 25, 2019 there was some notable buying of 15,719 contracts of the $70.50 call expiring on Friday, October 18, 2019. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 1.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Bank of America Corp. $28.91

Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, October 16, 2019. The consensus earnings estimate is $0.68 per share on revenue of $22.11 billion and the Earnings Whisper ® number is $0.58 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.03% with revenue decreasing by 20.67%. Short interest has increased by 12.1% since the company's last earnings release while the stock has drifted lower by 0.7% from its open following the earnings release to be 1.1% below its 200 day moving average of $29.24. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 11, 2019 there was some notable buying of 14,791 contracts of the $29.00 put expiring on Friday, October 18, 2019. Option traders are pricing in a 3.9% move on earnings and the stock has averaged a 2.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Johnson & Johnson $131.33

Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $2.00 per share on revenue of $20.05 billion and the Earnings Whisper ® number is $2.02 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.44% with revenue decreasing by 1.46%. Short interest has increased by 0.3% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 1.8% below its 200 day moving average of $133.79. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 2, 2019 there was some notable buying of 5,692 contracts of the $130.00 put expiring on Friday, November 15, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 1.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Goldman Sachs Group, Inc. $204.68

Goldman Sachs Group, Inc. (GS) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $5.03 per share on revenue of $8.55 billion and the Earnings Whisper ® number is $5.14 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 19.90% with revenue decreasing by 1.11%. Short interest has increased by 14.2% since the company's last earnings release while the stock has drifted lower by 4.7% from its open following the earnings release to be 3.1% above its 200 day moving average of $198.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 25, 2019 there was some notable buying of 2,622 contracts of the $225.00 call expiring on Friday, November 15, 2019. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 3.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Wells Fargo & Co. $49.21

Wells Fargo & Co. (WFC) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $1.15 per share on revenue of $20.79 billion and the Earnings Whisper ® number is $1.20 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1.77% with revenue decreasing by 19.21%. Short interest has increased by 53.5% since the company's last earnings release while the stock has drifted higher by 5.3% from its open following the earnings release to be 3.7% above its 200 day moving average of $47.45. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 27, 2019 there was some notable buying of 25,513 contracts of the $55.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 3.4% move on earnings and the stock has averaged a 2.2% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Aphria Inc. $4.71

Aphria Inc. (APHA) is confirmed to report earnings at approximately 6:05 AM ET on Tuesday, October 15, 2019. The consensus estimate is for a loss of $0.02 per share on revenue of $103.90 million and the Earnings Whisper ® number is $0.00 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Short interest has increased by 26.0% since the company's last earnings release while the stock has drifted lower by 30.1% from its open following the earnings release to be 39.9% below its 200 day moving average of $7.84. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, October 10, 2019 there was some notable buying of 4,133 contracts of the $5.50 call expiring on Friday, October 18, 2019. Option traders are pricing in a 20.7% move on earnings and the stock has averaged a 20.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Charles Schwab Corp. $37.28

Charles Schwab Corp. (SCHW) is confirmed to report earnings at approximately 8:45 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $0.65 per share on revenue of $2.66 billion and the Earnings Whisper ® number is $0.67 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 3.14%. Short interest has decreased by 3.1% since the company's last earnings release while the stock has drifted lower by 9.1% from its open following the earnings release to be 12.7% below its 200 day moving average of $42.72. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 7, 2019 there was some notable buying of 8,694 contracts of the $36.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 3.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead wallstreetbets.
submitted by bigbear0083 to wallstreetbets [link] [comments]

Wall Street Week Ahead for the trading week beginning October 14th, 2019

Good Saturday afternoon to all of you here on stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning October 14th, 2019.

Profits expected to fall as earnings season kicks off in the week ahead - (Source)

The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines.
First out of the gate are major banks and financial companies, with J.P. Morgan, Citigroup, Wells Fargo, BlackRock and Goldman Sachs reporting Tuesday. But by the end of the week, a smattering of industrial, tech, transportation and consumer names will have reported, including Alcoa and Honeywell. Netflix and IBM report Wednesday, and consumer giant Coca-Cola reports Friday. United Airlines reports Tuesday, and CSX reports Wednesday.
Besides earnings, some important economic reports are being released, including retail sales on Wednesday and industrial production Thursday.
Earnings for the S&P 500 are expected to decline by 3.1% for the third quarter, after growing by more than 3% in the second quarter, according to data from Refinitiv. For the second quarter, earnings were also expected to be negative to flat, but results beat lowered expectations.
“The story of are we going to be negative, or are we not going to be negative, is going to be in focus,” said Patrick Palfrey, senior equity strategist at Credit Suisse.
Palfrey said margins are being pinched in several areas, including energy, with the decline in oil prices. Oil has been responding more to worries about global growth and trade wars than to geopolitical developments that normally could drive it higher. West Texas Intermediate crude was down 7.5% in the third quarter.
“We are of the view that companies will likely devote a significant portion of their time talking about the impact of trade tariffs,” Palfrey said. “The goal is to ascertain just how much the decline in earnings is coming from those pressures.”
The decline in oil prices, in fact, are expected to drag down profits in the energy sector. Earnings for the energy sector are expected to be down 32%, while revenues are expected to fall by 9.5%, according to Credit Suisse. Margins for the sector are expected to contract by 22.7%. Without energy estimates included, S&P profits would be down just 1%, according to Refinitiv.
“We think margins are going to subtract 5.9% from EPS growth of the S&P 500,” said Palfrey. He projects earnings overall to decline by 4.2%, and he does not expect the stock market to make much headway during the earnings season.
“I think we’re moving sideways. The real backstop is the environment, while under pressure, it is nonrecessionary, and that will ultimately prevent the market from materially selling off,” said Palfrey.
Palflrey said a group he calls “tech plus,” which include tech and communications companies, have taken some of the biggest margin hits this quarter even though revenue growth remains solid. Six of the top 10 companies whose margins impacted S&P earnings growth the most are from that group, including Alphabet , Amazon, Apple, Facebook, IBM and Micron.
As a group, their margins are expected to contract by 14.8%, compared with 3.6% for all other S&P 500 companies combined.
ExxonMobil and Occidental Petroleum are on the list of companies with the biggest margin hits. Exxon for example saw a decline in margins of 34%, and Credit Suisse estimates that pared 0.6% off overall S&P 500 earnings growth. Credit Suisse says the consensus decline in Amazon margins is expected to be 42.5%, denting S&P earnings growth by 0.3%.
“At least for earnings, it’s a relatively positive backdrop. We should see a little bit of clarity on the whole China trade,” said Paul Hickey, co-founder of Bespoke. Hickey said in the past two quarters, stocks did well at the start of the reporting season, but they were then derailed by trade developments in the latter part of the earnings period.
Palfrey said the market is being held back by several factors, including the slowdown in the manufacturing sector. “I think it’s going to be difficult for the market to move meaningfully higher without an improvement in industrial data and without the yield curve becoming uninverted,” he said.
ISM manufacturing data has been weakening and has shown a contraction in activity for the past two months.
The inverted yield curve is a bond market recession warning. When the curve is inverted, shorter duration securities yield more than longer duration securities, meaning investors are demanding a higher yield to hold investments for a much briefer time. In this case, the 3-month Treasury bill was yielding about 11 more basis points than the 10-year note.
Hickey said there could be some positives in the earnings season, like last quarter. Negative revisions of earnings estimates by analysts are outnumbering positive revisions by about 2 to 1. He noted in the last two quarters, stocks responded well to earnings news in the beginning of the reporting period but then faded when negative headlines on trade in the latter part of each earnings season.
“Expectations seem pretty low. We’ve had analysts’ downward revisions remain elevated, as they’ve been heading into prior warning seasons. But we haven’t necessarily seen the number of warnings from companies rising,” he said. “It could be a positive divergence that analysts are lowering earnings estimates at a higher-than-average rate, but companies aren’t warning at a higher-than-average rate.”
Financial companies profits are expected to be up by 1.4%, and real estate is expected to see the best profit growth with a gain of 2.7%, according to Refinitiv. The information technology sector is expected to see a profit decline of 7.6%, and communications is expected to be 1% lower, according to Refinitiv. Materials is expected to see the biggest decline after energy. Sensitive to global growth and manufacturing, the sector’s earnings are expected to fall 11.1%.
Despite the downbeat expectations for third-quarter earnings, companies may issue more positive outlooks after China and the U.S. announced the first phase of a trade deal.
Stocks rallied Friday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all up more than 1%. The Dow and S&P 500 were also up around 1% for the week and snapped a three-week losing streak.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Sector Performance WTD, MTD, YTD:

(CLICK HERE FOR FRIDAY'S PERFORMANCE!)
(CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
(CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

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S&P Sectors for the Past Week:

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Major Indices Pullback/Correction Levels as of Friday's close:

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Major Indices Rally Levels as of Friday's close:

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Most Anticipated Earnings Releases for this week:

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Here are the upcoming IPO's for this week:

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Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)
(CLICK HERE FOR THE CHART LINK #3!)
(CLICK HERE FOR THE CHART LINK #4!)

Next Week's Economic Indicators - 10/11/19

It was a disappointing week for US economic data as two-thirds of releases came in weaker than expected or than the prior period. Consumer Credit data for the month of August was the only major release on Monday, exceeding expectations, but declining from July’s level. Inflation data took the spotlight this week with the release of PPI, CPI, and export and import prices. Core CPI was inline with the previous month and the import price index’s decline (year over year) was smaller than forecasted, but other readings on inflation were weaker. Likewise, labor data had its share of disappointments as the JOLTS report showed a third consecutive decline in openings, hourly earnings growth slowed, and continuing claims ticked higher. Initial Jobless Claims provided some relief though, coming in at 210K compared to 220K expected and 219K last week. While small business optimism was weaker—NFIB’s index fell to 101.8 from 103.1—consumer sentiment readings from Bloomberg and the University of Michigan both rose with the latter exceeding expectations.
(CLICK HERE FOR THE CHART!)
Looking ahead to next week, the calendar is slightly busier with 22 releases on the docket in addition to earnings beginning to ramp up as a total of 115 companies report. There are no scheduled economic releases Monday due to Columbus Day, so next week’s data begins on Tuesday with Empire Manufacturing which is forecasted to fall from 2.0 to 0.5. Other manufacturing gauges, including the Philadelphia Fed’s index and industrial production, are also expected to fall. Retail Sales is scheduled for Wednesday and are expected to rise 0.3%. On Thursday, Housing Starts and Permit data are both expected to show moderation. The leading index is scheduled to round out the week on Friday.
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Fund Flows Favor Fixed Income

This week’s fund flow numbers from the Investment Company Institute showed that the long, steady rotation from equity mutual funds and exchange traded funds to fixed income funds has continued.
As shown below, the spread between equity fund flows and fixed income fund flows has reached a net reading of -$165.9bn over the last three months; that’s among the largest net flow out of equities and into bonds since the data starts.
(CLICK HERE FOR THE CHART!)
Fixed income isn’t the only place that retail has been moving allocations to. As shown in the chart below, 13 week commodity fund flows have been among the largest of the periods since the data for ETF and mutual funds combined begins.
(CLICK HERE FOR THE CHART!)

The Most Volatile Stocks on Earnings

Looking for action? At the start of each earnings season, we publish our list of the most volatile stocks on earnings. Our Earnings Explorer tool contains a huge database that has every single quarterly earnings report for nearly all US-listed stocks going back to 2001. One part of the database tracks the one-day price reaction that stocks experience following their earnings reports, so users are able to easily track how individual stocks typically react to earnings.
In the table below, we show the stocks expected to report within the next month that have historically been the most volatile in reaction to earnings. To make the list, the company had to have at least 20 quarterly reports (5 years) and also have a current share price of $5 or more.
At the top of the list is Telecom equipment maker Infinera (INFN), which is scheduled to report on October 28th after the close. INFN just barely makes the cut because it trades at $5.20/share, but it has historically averaged a one-day absolute change of 15.16% on its historical earnings reaction days. You can expect a big move when it reports at the end of this month. Consumer review website YELP ranks as the second most volatile stock on earnings with an average one-day move of +/-14.85%. Enphase Energy (ENPH), LendingTree (TREE), and Applied Opto (AAOI) round out the top five with average one-day moves of more than +/-13% on their earnings reaction days. Other notables towards the top of the list include Wayfair (W), Netflix (NFLX), and Twitter (TWTR), which all typically move either up or down more than 12% on earnings.
Of the stocks on the list, Enphase (ENPH) is up by far the most in 2019 with a huge gain of 424%. Other stocks like Stamps.com (STMP), ANGI Homeservices (ANGI), and Green Dot (GDOT) are down more than 50% YTD. Twitter (TWTR), Blucora (BCOR), and Benefitfocus (BNFT) have the highest earnings beat rates at more than 90%. While it has a high beat rate, BNFT has been on a wild ride over the past two years, rallying from $24 up to $60 in 2018 before falling all the way back down to $24 as of today. You can bet a big move is in store when it reports on the 31st.
(CLICK HERE FOR THE CHART!)
If you're just interested in large-cap names, below is a list of the most volatile S&P 500 stocks on earnings. These are stocks set to report over the next month, and as shown, Netflix (NFLX) is at the top of the list with an average one-day move of +/-12.78% on earnings. Twitter (TWTR), Align Tech (ALGN), TripAdvisor (TRIP), and Akamai (AKAM) rank 2nd through 5th in that order, while other notables include Amazon (AMZN), Advanced Micro (AMD), Chipotle (CMG), Facebook (FB), Electronic Arts (EA), and Wynn Resorts (WYNN).
If you own or have interest in owning any of these names, buckle up because they're likely to experience a big move when they report at some point in the next few weeks!
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Key Earnings Reports Over the Next Two Weeks

Our Earnings Calendar is part of our Earnings Explorer tool. The calendar shows the upcoming earnings report dates for US-listed companies over the next month, and investors use it as an easy way to monitor the names they're most interested in. We provide quite a bit of information for each company listed in the calendar, including EPS and sales estimates, its historical beat rates, and its average share price performance on its earnings reaction day. If you ever want to know how a stock typically trades in reaction to its earnings report, this is the place to go.
The Q3 2019 earnings reporting period finally kicks off next week when most of the big banks are set to report. But the biggest weeks for earnings will come in the back half of October and the first couple weeks of November. As shown in the chart below, the week of October 28th through November 1st is the busiest of them all when we'll see hundreds of companies report each day.
(CLICK HERE FOR THE CHART!)
Below is a list pulled from our Earnings Calendar of the key earnings reports to watch next week (based on market cap). There are no key reports to speak of on Monday the 14th due to Columbus Day, but on Tuesday we'll hear from Citigroup (C), Goldman (GS), JP Morgan (JPM), Wells Fargo (WFC), Johnson & Johnson (JNJ), and UnitedHealth (UNH) all before the open. On Wednesday, we'll get results from Bank of America (BAC) in the morning and then IBM and Netflix (NFLX) after the close, while on Thursday we'll hear from Morgan Stanley (MS), which will be the last of the major banks and brokers to report next week. American Express (AXP), Coca-Cola (KO), and Schlumberger (SLB) will finish off the week with reports on Friday morning.
Of the key stocks reporting next week, Goldman (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH) beat EPS estimates the most often at more than 90% of the time. In terms of price reactions, Intuitive Surgical (ISRG) -- which reports on Thursday afternoon -- has historically reacted the most positively to earnings with an average one-day gain of 3.24%. Bank of America (BAC) has the weakest price reaction to earnings with an average one-day drop of 0.95%.
In terms of earnings volatility, Netflix (NFLX) takes the cake with an average absolute one-day change of 12.78% on its earnings reaction day.
(CLICK HERE FOR THE CHART!)
The following week (10/21-10/25) is when we'll really be in the heart of the Q3 reporting period. A large number of Dow 30 stocks will report that week, including big blue chips like McDonald's (MCD), United Tech (UTX), Procter & Gamble (PG), Boeing (BA), Caterpillar (CAT), Intel (INTC), and Microsoft (MSFT). The most important report of the week will come on Thursday the 24th when Amazon (AMZN) announces after the close. AMZN is currently expected to announce earnings of $7.19/share and revenues of $68.7 billion for the quarter. AMZN doesn't have an abnormally high EPS beat rate at just 62.5%, but it is typically a very volatile name as its average one-day move on earnings has historically been nearly +/-10%. Just think, a 10% move for AMZN is a $174 swing in either direction based on its current share price.
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Is October Really Scary?

Just like that, the S&P 500 Index fell more than 1% on the first day of October. The rough start has many investors on edge, as October is known for spectacular crashes—specifically 1929, 1987, and 2008.
On the flipside, September 2019 was historically calm for equity markets, as the S&P 500 didn’t fall 1% on a single day the entire month.
“The lack of any volatility in September could mean the usually volatile month of October could be due for some big swings,” said LPL Financial Senior Market Strategist Ryan Detrick. “The good news, though, is while October has had a bad rap for some big drops, over the past 20 years, it actually has been the third best month of the year for stocks.”
As shown in the LPL Chart of the Day, October has quietly been one of the strongest months of the year over the past 10 and 20 years. Going back to 1950, it ranks as the seventh strongest month of the year, so right near the middle of the pack.
(CLICK HERE FOR THE CHART!)
Four other things to consider: Since 1950, no month has had more 1% moves (higher or lower) than October. Since 1928, 6 of the 10 worst single-day drops have taken place in October; however, 3 of the 10 best days ever occurred in October as well. This is a pre-election year, and as the chart above shows, October’s average returns in a pre-election year have been muted since 1950. The catch here is that this average return is greatly impacted by the 21.8% drop in 1987. The median return is actually quite respectable. October has been higher during a pre-election year every year since 1999, with an average return of an impressive 6.5%.

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending October 11th, 2019

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STOCK MARKET VIDEO: ShadowTrader Video Weekly 10.13.19

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Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $NFLX
  • $JPM
  • $UNH
  • $C
  • $BAC
  • $JNJ
  • $GS
  • $WFC
  • $APHA
  • $SCHW
  • $ALLY
  • $ABT
  • $BLK
  • $KO
  • $PLD
  • $UAL
  • $PM
  • $WIT
  • $MS
  • $IBM
  • $AXP
  • $FHN
  • $FRC
  • $URI
  • $SLB
  • $HON
  • $CSX
  • $PNC
  • $UNP
  • $TEAM
  • $AA
  • $USB
  • $ISRG
  • $ERIC
  • $CCI
  • $BK
  • $ASML
  • $JBHT
  • $CMA
  • $TSM
  • $TXT
  • $SNBR
  • $BBT
  • $MBWM
  • $GPC
  • $KMI
  • $KEY
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
(CLICK HERE FOR MOST ANTICIPATED EARNINGS RELEASES FOR THE NEXT 5 WEEKS!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 10.14.19 Before Market Open:

([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Monday 10.14.19 After Market Close:

([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!]())
NONE.

Tuesday 10.15.19 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Tuesday 10.15.19 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Wednesday 10.16.19 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Wednesday 10.16.19 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Thursday 10.17.19 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Thursday 10.17.19 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 10.18.19 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 10.18.19 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Netflix, Inc. $282.93

Netflix, Inc. (NFLX) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, October 16, 2019. The consensus earnings estimate is $1.05 per share on revenue of $5.25 billion and the Earnings Whisper ® number is $1.08 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat The company's guidance was for earnings of approximately $1.04 per share. Consensus estimates are for year-over-year earnings growth of 17.98% with revenue increasing by 31.27%. Short interest has increased by 21.2% since the company's last earnings release while the stock has drifted lower by 12.6% from its open following the earnings release to be 15.3% below its 200 day moving average of $334.07. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 20, 2019 there was some notable buying of 22,522 contracts of the $300.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 5.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

JPMorgan Chase & Co. $116.14

JPMorgan Chase & Co. (JPM) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $2.44 per share on revenue of $28.21 billion and the Earnings Whisper ® number is $2.48 per share. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.27% with revenue decreasing by 15.01%. Short interest has increased by 15.5% since the company's last earnings release while the stock has drifted higher by 2.3% from its open following the earnings release to be 7.1% above its 200 day moving average of $108.43. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 2, 2019 there was some notable buying of 6,413 contracts of the $105.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 3.2% move on earnings and the stock has averaged a 1.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

UnitedHealth Group, Inc. $222.07

UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $3.75 per share on revenue of $59.96 billion and the Earnings Whisper ® number is $3.83 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 9.97% with revenue increasing by 6.02%. Short interest has increased by 16.3% since the company's last earnings release while the stock has drifted lower by 16.4% from its open following the earnings release to be 8.7% below its 200 day moving average of $243.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, September 26, 2019 there was some notable buying of 4,631 contracts of the $215.00 call and 4,517 contracts of the $215.00 put expiring on Friday, October 18, 2019. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 3.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Citigroup, Inc. $70.10

Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $1.96 per share on revenue of $18.54 billion and the Earnings Whisper ® number is $2.00 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 12.64% with revenue decreasing by 25.11%. Short interest has increased by 28.2% since the company's last earnings release while the stock has drifted lower by 2.3% from its open following the earnings release to be 7.0% above its 200 day moving average of $65.49. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 25, 2019 there was some notable buying of 15,719 contracts of the $70.50 call expiring on Friday, October 18, 2019. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 1.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Bank of America Corp. $28.91

Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, October 16, 2019. The consensus earnings estimate is $0.68 per share on revenue of $22.11 billion and the Earnings Whisper ® number is $0.58 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.03% with revenue decreasing by 20.67%. Short interest has increased by 12.1% since the company's last earnings release while the stock has drifted lower by 0.7% from its open following the earnings release to be 1.1% below its 200 day moving average of $29.24. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 11, 2019 there was some notable buying of 14,791 contracts of the $29.00 put expiring on Friday, October 18, 2019. Option traders are pricing in a 3.9% move on earnings and the stock has averaged a 2.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Johnson & Johnson $131.33

Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $2.00 per share on revenue of $20.05 billion and the Earnings Whisper ® number is $2.02 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.44% with revenue decreasing by 1.46%. Short interest has increased by 0.3% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 1.8% below its 200 day moving average of $133.79. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 2, 2019 there was some notable buying of 5,692 contracts of the $130.00 put expiring on Friday, November 15, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 1.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Goldman Sachs Group, Inc. $204.68

Goldman Sachs Group, Inc. (GS) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $5.03 per share on revenue of $8.55 billion and the Earnings Whisper ® number is $5.14 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 19.90% with revenue decreasing by 1.11%. Short interest has increased by 14.2% since the company's last earnings release while the stock has drifted lower by 4.7% from its open following the earnings release to be 3.1% above its 200 day moving average of $198.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 25, 2019 there was some notable buying of 2,622 contracts of the $225.00 call expiring on Friday, November 15, 2019. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 3.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Wells Fargo & Co. $49.21

Wells Fargo & Co. (WFC) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $1.15 per share on revenue of $20.79 billion and the Earnings Whisper ® number is $1.20 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1.77% with revenue decreasing by 19.21%. Short interest has increased by 53.5% since the company's last earnings release while the stock has drifted higher by 5.3% from its open following the earnings release to be 3.7% above its 200 day moving average of $47.45. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 27, 2019 there was some notable buying of 25,513 contracts of the $55.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 3.4% move on earnings and the stock has averaged a 2.2% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Aphria Inc. $4.71

Aphria Inc. (APHA) is confirmed to report earnings at approximately 6:05 AM ET on Tuesday, October 15, 2019. The consensus estimate is for a loss of $0.02 per share on revenue of $103.90 million and the Earnings Whisper ® number is $0.00 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Short interest has increased by 26.0% since the company's last earnings release while the stock has drifted lower by 30.1% from its open following the earnings release to be 39.9% below its 200 day moving average of $7.84. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, October 10, 2019 there was some notable buying of 4,133 contracts of the $5.50 call expiring on Friday, October 18, 2019. Option traders are pricing in a 20.7% move on earnings and the stock has averaged a 20.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Charles Schwab Corp. $37.28

Charles Schwab Corp. (SCHW) is confirmed to report earnings at approximately 8:45 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $0.65 per share on revenue of $2.66 billion and the Earnings Whisper ® number is $0.67 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 3.14%. Short interest has decreased by 3.1% since the company's last earnings release while the stock has drifted lower by 9.1% from its open following the earnings release to be 12.7% below its 200 day moving average of $42.72. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 7, 2019 there was some notable buying of 8,694 contracts of the $36.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 3.3% move in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead stocks.
submitted by bigbear0083 to stocks [link] [comments]

Favorite trading platform?

What is your favorite trading platform with little to no fees? What is your favorite trading platform with ridiculous margin capabilities?
For context: I use Charles Schwab and am wondering what else is out there.
submitted by halebass to Trading [link] [comments]

Why is the Pattern Day Trader rule so obnoxious?

I just got flagged as a day trader. I accidentally sold a position that I bought on the same day instead of the one that I held overnight (I'm a retard, I know). This is the second time that I get flagged, so my broker did not forgive me.
I accept that I messed up big time, and if I analyze the situation well, then it shouldn't be a big deal if I can still do long-term investment. What really bothers me is that on their website, it clearly says that if I don't meet the $25k minimum on my margin account, then my day trade buying power will be frozen for 90 days; however, when I called my broker, the guy told me that it was going to be permanent and that I had to call them every single time I make a transaction to make sure that I will hold the security overnight.
I already made an E*Trade cash account. I've had it with Charles Schwab. Also, the government needs to get rid of this rule.
submitted by shaker-sonic to Daytrading [link] [comments]

Questrade for US Equities

I am a commission/fee sensitive investor. Currently building my TFSA in US equities as I find them to be more rewarding and diverse than Canadian. While I enjoy the low brokerage fees Questrade provides can someone clarify what their currency conversion fees are? Is it 2% or 1% of trade value?
Would it be more economical to use Charles Schwab knowing they charge $0 in brokerage fee and take 1% as conversion fees.
These fees and margins eat into my profits since I invest monthly. Any advice or experience in this matter would be greatly appreciated.
submitted by LimaOilus to CanadianInvestor [link] [comments]

Charles Schwab to buy TD Ameritrade in a $26 billion all-stock deal

This is the best tl;dr I could make, original reduced by 71%. (I'm a bot)
Charles Schwab announced plans Monday to buy discount brokerage rival TD Ameritrade in an all-stock deal valued at $26 billion.
As part of the agreement, Ameritrade stockholders will receive 1.0837 Schwab shares for every share held, a 17% premium over the stock's 30-day average price before news of the deal broke.
The merging of the two biggest publicly traded discount brokers will create a mammoth with more than $5 trillion in client assets, $3.8 trillion from Schwab and $1.3 trillion from TD Ameritrade.
Schwab's current shareholders will own 69% and TD Ameritrade's existing stockholders will own 18% of the combined company.
Schwab and TD Ameritrade's stocks were under pressure as investors worried that the lost commission revenue would pressure margins; however, Schwab proved its free trading is paying off in terms of new client accounts.
The companies said Monday they will suspend the CEO search and have named TD Ameritrade Chief Financial Officer Stephen Boyle as TD Ameritrade's interim president and CEO. TD Securities and J.P. Morgan served as financial advisors to TD Ameritrade and Simpson Thacher & Bartlett LLP served as legal advisor.
Summary Source | FAQ | Feedback | Top keywords: Ameritrade#1 Schwab#2 company#3 deal#4 new#5
Post found in /wallstreetbets, /news, /AutoNewspaper, /FreshNewsToday and /NBCauto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Wall Street Week Ahead for the trading week beginning October 14th, 2019

Good Saturday afternoon to all of you here on StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning October 14th, 2019.

Profits expected to fall as earnings season kicks off in the week ahead - (Source)

The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines.
First out of the gate are major banks and financial companies, with J.P. Morgan, Citigroup, Wells Fargo, BlackRock and Goldman Sachs reporting Tuesday. But by the end of the week, a smattering of industrial, tech, transportation and consumer names will have reported, including Alcoa and Honeywell. Netflix and IBM report Wednesday, and consumer giant Coca-Cola reports Friday. United Airlines reports Tuesday, and CSX reports Wednesday.
Besides earnings, some important economic reports are being released, including retail sales on Wednesday and industrial production Thursday.
Earnings for the S&P 500 are expected to decline by 3.1% for the third quarter, after growing by more than 3% in the second quarter, according to data from Refinitiv. For the second quarter, earnings were also expected to be negative to flat, but results beat lowered expectations.
“The story of are we going to be negative, or are we not going to be negative, is going to be in focus,” said Patrick Palfrey, senior equity strategist at Credit Suisse.
Palfrey said margins are being pinched in several areas, including energy, with the decline in oil prices. Oil has been responding more to worries about global growth and trade wars than to geopolitical developments that normally could drive it higher. West Texas Intermediate crude was down 7.5% in the third quarter.
“We are of the view that companies will likely devote a significant portion of their time talking about the impact of trade tariffs,” Palfrey said. “The goal is to ascertain just how much the decline in earnings is coming from those pressures.”
The decline in oil prices, in fact, are expected to drag down profits in the energy sector. Earnings for the energy sector are expected to be down 32%, while revenues are expected to fall by 9.5%, according to Credit Suisse. Margins for the sector are expected to contract by 22.7%. Without energy estimates included, S&P profits would be down just 1%, according to Refinitiv.
“We think margins are going to subtract 5.9% from EPS growth of the S&P 500,” said Palfrey. He projects earnings overall to decline by 4.2%, and he does not expect the stock market to make much headway during the earnings season.
“I think we’re moving sideways. The real backstop is the environment, while under pressure, it is nonrecessionary, and that will ultimately prevent the market from materially selling off,” said Palfrey.
Palflrey said a group he calls “tech plus,” which include tech and communications companies, have taken some of the biggest margin hits this quarter even though revenue growth remains solid. Six of the top 10 companies whose margins impacted S&P earnings growth the most are from that group, including Alphabet , Amazon, Apple, Facebook, IBM and Micron.
As a group, their margins are expected to contract by 14.8%, compared with 3.6% for all other S&P 500 companies combined.
ExxonMobil and Occidental Petroleum are on the list of companies with the biggest margin hits. Exxon for example saw a decline in margins of 34%, and Credit Suisse estimates that pared 0.6% off overall S&P 500 earnings growth. Credit Suisse says the consensus decline in Amazon margins is expected to be 42.5%, denting S&P earnings growth by 0.3%.
“At least for earnings, it’s a relatively positive backdrop. We should see a little bit of clarity on the whole China trade,” said Paul Hickey, co-founder of Bespoke. Hickey said in the past two quarters, stocks did well at the start of the reporting season, but they were then derailed by trade developments in the latter part of the earnings period.
Palfrey said the market is being held back by several factors, including the slowdown in the manufacturing sector. “I think it’s going to be difficult for the market to move meaningfully higher without an improvement in industrial data and without the yield curve becoming uninverted,” he said.
ISM manufacturing data has been weakening and has shown a contraction in activity for the past two months.
The inverted yield curve is a bond market recession warning. When the curve is inverted, shorter duration securities yield more than longer duration securities, meaning investors are demanding a higher yield to hold investments for a much briefer time. In this case, the 3-month Treasury bill was yielding about 11 more basis points than the 10-year note.
Hickey said there could be some positives in the earnings season, like last quarter. Negative revisions of earnings estimates by analysts are outnumbering positive revisions by about 2 to 1. He noted in the last two quarters, stocks responded well to earnings news in the beginning of the reporting period but then faded when negative headlines on trade in the latter part of each earnings season.
“Expectations seem pretty low. We’ve had analysts’ downward revisions remain elevated, as they’ve been heading into prior warning seasons. But we haven’t necessarily seen the number of warnings from companies rising,” he said. “It could be a positive divergence that analysts are lowering earnings estimates at a higher-than-average rate, but companies aren’t warning at a higher-than-average rate.”
Financial companies profits are expected to be up by 1.4%, and real estate is expected to see the best profit growth with a gain of 2.7%, according to Refinitiv. The information technology sector is expected to see a profit decline of 7.6%, and communications is expected to be 1% lower, according to Refinitiv. Materials is expected to see the biggest decline after energy. Sensitive to global growth and manufacturing, the sector’s earnings are expected to fall 11.1%.
Despite the downbeat expectations for third-quarter earnings, companies may issue more positive outlooks after China and the U.S. announced the first phase of a trade deal.
Stocks rallied Friday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all up more than 1%. The Dow and S&P 500 were also up around 1% for the week and snapped a three-week losing streak.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Sector Performance WTD, MTD, YTD:

(CLICK HERE FOR FRIDAY'S PERFORMANCE!)
(CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 3-MONTH PERFORMANCE!)
(CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!)
(CLICK HERE FOR THE 52-WEEK PERFORMANCE!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)
(CLICK HERE FOR THE CHART LINK #3!)
(CLICK HERE FOR THE CHART LINK #4!)

Next Week's Economic Indicators - 10/11/19

It was a disappointing week for US economic data as two-thirds of releases came in weaker than expected or than the prior period. Consumer Credit data for the month of August was the only major release on Monday, exceeding expectations, but declining from July’s level. Inflation data took the spotlight this week with the release of PPI, CPI, and export and import prices. Core CPI was inline with the previous month and the import price index’s decline (year over year) was smaller than forecasted, but other readings on inflation were weaker. Likewise, labor data had its share of disappointments as the JOLTS report showed a third consecutive decline in openings, hourly earnings growth slowed, and continuing claims ticked higher. Initial Jobless Claims provided some relief though, coming in at 210K compared to 220K expected and 219K last week. While small business optimism was weaker—NFIB’s index fell to 101.8 from 103.1—consumer sentiment readings from Bloomberg and the University of Michigan both rose with the latter exceeding expectations.
(CLICK HERE FOR THE CHART!)
Looking ahead to next week, the calendar is slightly busier with 22 releases on the docket in addition to earnings beginning to ramp up as a total of 115 companies report. There are no scheduled economic releases Monday due to Columbus Day, so next week’s data begins on Tuesday with Empire Manufacturing which is forecasted to fall from 2.0 to 0.5. Other manufacturing gauges, including the Philadelphia Fed’s index and industrial production, are also expected to fall. Retail Sales is scheduled for Wednesday and are expected to rise 0.3%. On Thursday, Housing Starts and Permit data are both expected to show moderation. The leading index is scheduled to round out the week on Friday.
(CLICK HERE FOR THE CHART!)

Fund Flows Favor Fixed Income

This week’s fund flow numbers from the Investment Company Institute showed that the long, steady rotation from equity mutual funds and exchange traded funds to fixed income funds has continued.
As shown below, the spread between equity fund flows and fixed income fund flows has reached a net reading of -$165.9bn over the last three months; that’s among the largest net flow out of equities and into bonds since the data starts.
(CLICK HERE FOR THE CHART!)
Fixed income isn’t the only place that retail has been moving allocations to. As shown in the chart below, 13 week commodity fund flows have been among the largest of the periods since the data for ETF and mutual funds combined begins.
(CLICK HERE FOR THE CHART!)

The Most Volatile Stocks on Earnings

Looking for action? At the start of each earnings season, we publish our list of the most volatile stocks on earnings. Our Earnings Explorer tool contains a huge database that has every single quarterly earnings report for nearly all US-listed stocks going back to 2001. One part of the database tracks the one-day price reaction that stocks experience following their earnings reports, so users are able to easily track how individual stocks typically react to earnings.
In the table below, we show the stocks expected to report within the next month that have historically been the most volatile in reaction to earnings. To make the list, the company had to have at least 20 quarterly reports (5 years) and also have a current share price of $5 or more.
At the top of the list is Telecom equipment maker Infinera (INFN), which is scheduled to report on October 28th after the close. INFN just barely makes the cut because it trades at $5.20/share, but it has historically averaged a one-day absolute change of 15.16% on its historical earnings reaction days. You can expect a big move when it reports at the end of this month. Consumer review website YELP ranks as the second most volatile stock on earnings with an average one-day move of +/-14.85%. Enphase Energy (ENPH), LendingTree (TREE), and Applied Opto (AAOI) round out the top five with average one-day moves of more than +/-13% on their earnings reaction days. Other notables towards the top of the list include Wayfair (W), Netflix (NFLX), and Twitter (TWTR), which all typically move either up or down more than 12% on earnings.
Of the stocks on the list, Enphase (ENPH) is up by far the most in 2019 with a huge gain of 424%. Other stocks like Stamps.com (STMP), ANGI Homeservices (ANGI), and Green Dot (GDOT) are down more than 50% YTD. Twitter (TWTR), Blucora (BCOR), and Benefitfocus (BNFT) have the highest earnings beat rates at more than 90%. While it has a high beat rate, BNFT has been on a wild ride over the past two years, rallying from $24 up to $60 in 2018 before falling all the way back down to $24 as of today. You can bet a big move is in store when it reports on the 31st.
(CLICK HERE FOR THE CHART!)
If you're just interested in large-cap names, below is a list of the most volatile S&P 500 stocks on earnings. These are stocks set to report over the next month, and as shown, Netflix (NFLX) is at the top of the list with an average one-day move of +/-12.78% on earnings. Twitter (TWTR), Align Tech (ALGN), TripAdvisor (TRIP), and Akamai (AKAM) rank 2nd through 5th in that order, while other notables include Amazon (AMZN), Advanced Micro (AMD), Chipotle (CMG), Facebook (FB), Electronic Arts (EA), and Wynn Resorts (WYNN).
If you own or have interest in owning any of these names, buckle up because they're likely to experience a big move when they report at some point in the next few weeks!
(CLICK HERE FOR THE CHART!)

Key Earnings Reports Over the Next Two Weeks

Our Earnings Calendar is part of our Earnings Explorer tool. The calendar shows the upcoming earnings report dates for US-listed companies over the next month, and investors use it as an easy way to monitor the names they're most interested in. We provide quite a bit of information for each company listed in the calendar, including EPS and sales estimates, its historical beat rates, and its average share price performance on its earnings reaction day. If you ever want to know how a stock typically trades in reaction to its earnings report, this is the place to go.
The Q3 2019 earnings reporting period finally kicks off next week when most of the big banks are set to report. But the biggest weeks for earnings will come in the back half of October and the first couple weeks of November. As shown in the chart below, the week of October 28th through November 1st is the busiest of them all when we'll see hundreds of companies report each day.
(CLICK HERE FOR THE CHART!)
Below is a list pulled from our Earnings Calendar of the key earnings reports to watch next week (based on market cap). There are no key reports to speak of on Monday the 14th due to Columbus Day, but on Tuesday we'll hear from Citigroup (C), Goldman (GS), JP Morgan (JPM), Wells Fargo (WFC), Johnson & Johnson (JNJ), and UnitedHealth (UNH) all before the open. On Wednesday, we'll get results from Bank of America (BAC) in the morning and then IBM and Netflix (NFLX) after the close, while on Thursday we'll hear from Morgan Stanley (MS), which will be the last of the major banks and brokers to report next week. American Express (AXP), Coca-Cola (KO), and Schlumberger (SLB) will finish off the week with reports on Friday morning.
Of the key stocks reporting next week, Goldman (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH) beat EPS estimates the most often at more than 90% of the time. In terms of price reactions, Intuitive Surgical (ISRG) -- which reports on Thursday afternoon -- has historically reacted the most positively to earnings with an average one-day gain of 3.24%. Bank of America (BAC) has the weakest price reaction to earnings with an average one-day drop of 0.95%.
In terms of earnings volatility, Netflix (NFLX) takes the cake with an average absolute one-day change of 12.78% on its earnings reaction day.
(CLICK HERE FOR THE CHART!)
The following week (10/21-10/25) is when we'll really be in the heart of the Q3 reporting period. A large number of Dow 30 stocks will report that week, including big blue chips like McDonald's (MCD), United Tech (UTX), Procter & Gamble (PG), Boeing (BA), Caterpillar (CAT), Intel (INTC), and Microsoft (MSFT). The most important report of the week will come on Thursday the 24th when Amazon (AMZN) announces after the close. AMZN is currently expected to announce earnings of $7.19/share and revenues of $68.7 billion for the quarter. AMZN doesn't have an abnormally high EPS beat rate at just 62.5%, but it is typically a very volatile name as its average one-day move on earnings has historically been nearly +/-10%. Just think, a 10% move for AMZN is a $174 swing in either direction based on its current share price.
(CLICK HERE FOR THE CHART!)

Is October Really Scary?

Just like that, the S&P 500 Index fell more than 1% on the first day of October. The rough start has many investors on edge, as October is known for spectacular crashes—specifically 1929, 1987, and 2008.
On the flipside, September 2019 was historically calm for equity markets, as the S&P 500 didn’t fall 1% on a single day the entire month.
“The lack of any volatility in September could mean the usually volatile month of October could be due for some big swings,” said LPL Financial Senior Market Strategist Ryan Detrick. “The good news, though, is while October has had a bad rap for some big drops, over the past 20 years, it actually has been the third best month of the year for stocks.”
As shown in the LPL Chart of the Day, October has quietly been one of the strongest months of the year over the past 10 and 20 years. Going back to 1950, it ranks as the seventh strongest month of the year, so right near the middle of the pack.
(CLICK HERE FOR THE CHART!)
Four other things to consider: Since 1950, no month has had more 1% moves (higher or lower) than October. Since 1928, 6 of the 10 worst single-day drops have taken place in October; however, 3 of the 10 best days ever occurred in October as well. This is a pre-election year, and as the chart above shows, October’s average returns in a pre-election year have been muted since 1950. The catch here is that this average return is greatly impacted by the 21.8% drop in 1987. The median return is actually quite respectable. October has been higher during a pre-election year every year since 1999, with an average return of an impressive 6.5%.

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending October 11th, 2019

(CLICK HERE FOR THE YOUTUBE VIDEO!)

STOCK MARKET VIDEO: ShadowTrader Video Weekly 10.13.19

(CLICK HERE FOR THE YOUTUBE VIDEO!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $NFLX
  • $JPM
  • $UNH
  • $C
  • $BAC
  • $JNJ
  • $GS
  • $WFC
  • $APHA
  • $SCHW
  • $ALLY
  • $ABT
  • $BLK
  • $KO
  • $PLD
  • $UAL
  • $PM
  • $WIT
  • $MS
  • $IBM
  • $AXP
  • $FHN
  • $FRC
  • $URI
  • $SLB
  • $HON
  • $CSX
  • $PNC
  • $UNP
  • $TEAM
  • $AA
  • $USB
  • $ISRG
  • $ERIC
  • $CCI
  • $BK
  • $ASML
  • $JBHT
  • $CMA
  • $TSM
  • $TXT
  • $SNBR
  • $BBT
  • $MBWM
  • $GPC
  • $KMI
  • $KEY
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
(CLICK HERE FOR MOST ANTICIPATED EARNINGS RELEASES FOR THE NEXT 5 WEEKS!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 10.14.19 Before Market Open:

([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Monday 10.14.19 After Market Close:

([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!]())
NONE.

Tuesday 10.15.19 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Tuesday 10.15.19 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Wednesday 10.16.19 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Wednesday 10.16.19 After Market Close:

(CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Thursday 10.17.19 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK!)

Thursday 10.17.19 After Market Close:

(CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!)

Friday 10.18.19 Before Market Open:

(CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Friday 10.18.19 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Netflix, Inc. $282.93

Netflix, Inc. (NFLX) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, October 16, 2019. The consensus earnings estimate is $1.05 per share on revenue of $5.25 billion and the Earnings Whisper ® number is $1.08 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat The company's guidance was for earnings of approximately $1.04 per share. Consensus estimates are for year-over-year earnings growth of 17.98% with revenue increasing by 31.27%. Short interest has increased by 21.2% since the company's last earnings release while the stock has drifted lower by 12.6% from its open following the earnings release to be 15.3% below its 200 day moving average of $334.07. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 20, 2019 there was some notable buying of 22,522 contracts of the $300.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 10.4% move on earnings and the stock has averaged a 5.9% move in recent quarters.

(CLICK HERE FOR THE CHART!)

JPMorgan Chase & Co. $116.14

JPMorgan Chase & Co. (JPM) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $2.44 per share on revenue of $28.21 billion and the Earnings Whisper ® number is $2.48 per share. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.27% with revenue decreasing by 15.01%. Short interest has increased by 15.5% since the company's last earnings release while the stock has drifted higher by 2.3% from its open following the earnings release to be 7.1% above its 200 day moving average of $108.43. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 2, 2019 there was some notable buying of 6,413 contracts of the $105.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 3.2% move on earnings and the stock has averaged a 1.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

UnitedHealth Group, Inc. $222.07

UnitedHealth Group, Inc. (UNH) is confirmed to report earnings at approximately 5:55 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $3.75 per share on revenue of $59.96 billion and the Earnings Whisper ® number is $3.83 per share. Investor sentiment going into the company's earnings release has 70% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 9.97% with revenue increasing by 6.02%. Short interest has increased by 16.3% since the company's last earnings release while the stock has drifted lower by 16.4% from its open following the earnings release to be 8.7% below its 200 day moving average of $243.25. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, September 26, 2019 there was some notable buying of 4,631 contracts of the $215.00 call and 4,517 contracts of the $215.00 put expiring on Friday, October 18, 2019. Option traders are pricing in a 4.3% move on earnings and the stock has averaged a 3.5% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Citigroup, Inc. $70.10

Citigroup, Inc. (C) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $1.96 per share on revenue of $18.54 billion and the Earnings Whisper ® number is $2.00 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 12.64% with revenue decreasing by 25.11%. Short interest has increased by 28.2% since the company's last earnings release while the stock has drifted lower by 2.3% from its open following the earnings release to be 7.0% above its 200 day moving average of $65.49. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 25, 2019 there was some notable buying of 15,719 contracts of the $70.50 call expiring on Friday, October 18, 2019. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 1.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Bank of America Corp. $28.91

Bank of America Corp. (BAC) is confirmed to report earnings at approximately 6:45 AM ET on Wednesday, October 16, 2019. The consensus earnings estimate is $0.68 per share on revenue of $22.11 billion and the Earnings Whisper ® number is $0.58 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 3.03% with revenue decreasing by 20.67%. Short interest has increased by 12.1% since the company's last earnings release while the stock has drifted lower by 0.7% from its open following the earnings release to be 1.1% below its 200 day moving average of $29.24. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, October 11, 2019 there was some notable buying of 14,791 contracts of the $29.00 put expiring on Friday, October 18, 2019. Option traders are pricing in a 3.9% move on earnings and the stock has averaged a 2.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Johnson & Johnson $131.33

Johnson & Johnson (JNJ) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $2.00 per share on revenue of $20.05 billion and the Earnings Whisper ® number is $2.02 per share. Investor sentiment going into the company's earnings release has 47% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.44% with revenue decreasing by 1.46%. Short interest has increased by 0.3% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 1.8% below its 200 day moving average of $133.79. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, October 2, 2019 there was some notable buying of 5,692 contracts of the $130.00 put expiring on Friday, November 15, 2019. Option traders are pricing in a 2.6% move on earnings and the stock has averaged a 1.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Goldman Sachs Group, Inc. $204.68

Goldman Sachs Group, Inc. (GS) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $5.03 per share on revenue of $8.55 billion and the Earnings Whisper ® number is $5.14 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 19.90% with revenue decreasing by 1.11%. Short interest has increased by 14.2% since the company's last earnings release while the stock has drifted lower by 4.7% from its open following the earnings release to be 3.1% above its 200 day moving average of $198.59. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, September 25, 2019 there was some notable buying of 2,622 contracts of the $225.00 call expiring on Friday, November 15, 2019. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 3.3% move in recent quarters.

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Wells Fargo & Co. $49.21

Wells Fargo & Co. (WFC) is confirmed to report earnings at approximately 8:00 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $1.15 per share on revenue of $20.79 billion and the Earnings Whisper ® number is $1.20 per share. Investor sentiment going into the company's earnings release has 48% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 1.77% with revenue decreasing by 19.21%. Short interest has increased by 53.5% since the company's last earnings release while the stock has drifted higher by 5.3% from its open following the earnings release to be 3.7% above its 200 day moving average of $47.45. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, September 27, 2019 there was some notable buying of 25,513 contracts of the $55.00 call expiring on Friday, January 15, 2021. Option traders are pricing in a 3.4% move on earnings and the stock has averaged a 2.2% move in recent quarters.

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Aphria Inc. $4.71

Aphria Inc. (APHA) is confirmed to report earnings at approximately 6:05 AM ET on Tuesday, October 15, 2019. The consensus estimate is for a loss of $0.02 per share on revenue of $103.90 million and the Earnings Whisper ® number is $0.00 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat. Short interest has increased by 26.0% since the company's last earnings release while the stock has drifted lower by 30.1% from its open following the earnings release to be 39.9% below its 200 day moving average of $7.84. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, October 10, 2019 there was some notable buying of 4,133 contracts of the $5.50 call expiring on Friday, October 18, 2019. Option traders are pricing in a 20.7% move on earnings and the stock has averaged a 20.3% move in recent quarters.

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Charles Schwab Corp. $37.28

Charles Schwab Corp. (SCHW) is confirmed to report earnings at approximately 8:45 AM ET on Tuesday, October 15, 2019. The consensus earnings estimate is $0.65 per share on revenue of $2.66 billion and the Earnings Whisper ® number is $0.67 per share. Investor sentiment going into the company's earnings release has 51% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 3.14%. Short interest has decreased by 3.1% since the company's last earnings release while the stock has drifted lower by 9.1% from its open following the earnings release to be 12.7% below its 200 day moving average of $42.72. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 7, 2019 there was some notable buying of 8,694 contracts of the $36.00 call expiring on Friday, October 18, 2019. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 3.3% move in recent quarters.

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DISCUSS!

What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead StockMarket.
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Charles Schwab  Margin List  MUST WATCH My Day Trading Setup StreetSmart Edge  Charles Schwab ... How to buy stock on Charles Schwab - YouTube Charles Schwab Review 2020 - Pros and Cons Uncovered - YouTube Charles Schwab Trading Platform Web Tutorial - YouTube

Charles Schwab margin rates are high and start at 9.575% for the most customers. However, for investors with large debit loans Charles Schwab margin interest rates fall to as low as 7.825%. Cash Management Schwab offers an FDIC-insured bank that offers its brokerage customers a checking account, currently earning 0.10%. Trading at Schwab Trade Pricing Learn what margin is, the benefits and risks, and four tips for managing margin risk. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Margin lending from Schwab is a flexible line of credit that allows you to borrow against the securities you already hold in your brokerage account. When used correctly, margin loans can help you execute investment strategies by increasing your borrowing power to purchase more securities. ETFs at Charles Schwab & Co., Inc. ("Schwab") can be traded without a commission on buy and sell transactions made online in a Schwab account. Margin borrowing may not be right for everyone, and margin trading involves significant risk. It’s important that you fully understand your financial situation, the rules of margin borrowing, and Charles Schwab Pattern Day Trading Restriction Pattern day trading rules at Charles Schwab. Active trader PDT requirements for margin and cash accounts above/below $25,000 balance. How many day trades does Charles Schwab allow.

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Charles Schwab Margin List MUST WATCH

Charles Schwab Review 2020 - Pros and Cons Uncovered Charles Schwab, which ranks as the third-best broker overall this year, is a full-service investment fir... Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 http://bit.ly/BroeSubscribe 👇 👇 Watch My Other Videos Here 👇 👇 ★ How to Buy Stocks w ... Margin Trading 101: How It Works - Duration: 7:02. Real World Finance 49,446 views. ... Charles Schwab Trading Platform Web Tutorial - Duration: 16:12. Jake Broe 23,847 views. Check out the TradingLearning101 Playlist!! I have spent a lot of time sorting and categorizing my videos to help you find what you are looking for. StreetSm... Beginner's tutorial on how to set up a brokerage account and place your first stock, mutual fund, or ETF trade using a Charles Schwab brokerage account. Bonu...

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