| | # WSB Learns Chapter 2: An Introduction to the Mexican-American Economyhttps://upload.wikimedia.org/wikipedia/commons/thumb/8/84/Kansas_City_Southern_Railway_system_map.svg/2880px-Kansas_City_Southern_Railway_system_map.svg.png # Calls- KSU 7/24 145c# My motivationI am a Mexican-American software engineer in the US & avocado farmer in Mexico. I'm here to bring TAQUITOS during these trying times. I have come with fresh research off the tortilla press for my amigos at Wall Street BetsI'm sitting here getting used to my NEW Gigabyte 17 with NVIDIA RTX that I bought with the TORO PLAY from my last DD on CDN infrastructure & serverless computing. It was quite successful, as Fastly rallied beyond the success of market favorites like Zoom. I need to get used to the keyboard and writing on non-Macs again so I figured to write about my next play. Kansas City Southern is a very uniquely positioned business that plays an important role in all of our lives. It is the rail the connects the US and Mexico and it will grow with the release of USMCA on July 1st and Trump's infrastructure bill. My style of investing is principled by exercising common sense and investing in deep market relationships - I am not generally interested in investing in only a product, but how the product fits and its impact on an economic model # USMCA FACTSThe USMCA is a 1 Trillion+ restructuringMexico is critically underbanked and underserved by technology and trade potential. Bullish for CDNs,telecom, fintech, and regulating tech like Docusign. Agriculture and seasonal patterns in Mexico & the US is robust and symbiotic Bullish for shipping and supply chain operations (Shopify, Walmart, Costco, rail) Bullish note on energy markets, where efficiencies will need to increase to accommodate new asset allocations # Important Relationships
# What to Consider- My calls are always an exercise of common sense. Mexico and the US have a tightly coupled trading relationship. The USMCA stands to invigorate that relationship and emphasize successes in energy production, manufacturing price parity, and tech-invoked trade access. The exercising of law will result in institutional confidence, resulting in reasonable profits from July-September. Mexico is Buy American as a nation. It has a tightly coupled relationship with American output. - NAFTA ends June 30th and the USMCA goes into effect July 1st. The US is the last nation ready to prepare the changes. - Trump will soon be under pressure for some form of economic stimulus. This may be in the form of an infrastructure bill by the time September or the election rolls around. - The USMCA modernizes up cross border digital trade and seeks to modernize some structural changes that have transformed in the energy industries invoking industrial surplus. This will increase the rate of exchange - These changes from Facebook (WhatsApp), Walmart, Amazon, Costco, Shopify, Cloudflare, Paypal, and other important supply chain players like SMALL BUSINESS OWNERS to supercharge trade between the two nations. - These changes also encourage energy production between US & Mexico, where Mexico has fallen behind and Texas has exceeded. - NO this DD is not about the obvious auto-manufacturing benefit. It is an important factor but there is plenty of evidence that only focuses on that element of the USMCA. - Kansas City Southern is one of the ten Class-I Railroads of the US. It is the ONLY Class-I Railroad that connects the US & Mexico and runs along the Gulf of Mexico. This results in streamlined cross-border energy and product trades. This also means that KSU stands to agnostically benefit from economic improvements in energy output and nation building from both the US & Mexico. - Mexico is an important bulwark nation for the US to bolster as a partner against Chinese economic threat. Its relationship with US is far different than international partners like Germany, India, and Japan. There is a far greater efficiency potential between the two nations across many industries related to logistics, mining, energy, manufacturing, telecom, and agriculture. - Mexico's higher education and English learners have rapidly increased as Mexico radically approaches middle incomes and its narcotics problem. By most accounts, the US is least behind in terms of social policy regarding The Drug War. The US stands to adapt and benefit most rapidly from the economic bottleneck the Drug War has produced. - Migration is complex between the two nations. It is arguably a symbiotic relationship regarding wages, education, crime, and currency parity with respects to US & Mexico. 1994, the signing of NAFTA was a consequential inflection point in economic history. Mexico serves as important trading vector and access point to increase global price efficiencies in auto markets, energy, materials, agriculture, and labor. # The ProductKansas City Southern is a relatively small railroad compared to other systems like Union Pacific. You can argue that this is beneficial as is allows the railroad to execute and iterate more rapidly to changes and optimize for efficiencies that larger railroads cannot.KSU does this with Precision Railroad Scheduling along with other Class-I railroads but to great effect. In simple terms, this means that railroads prioritize the scheduling of arrival and departures over the weight and output of each train run. This has resulted in
List of traded goods managed by KSU Diversified to benefit & reflect Mexican-American progress Institutional restructuring Market ineffeciencies will rebalance with USMCA changes. # The Macroeconomic view of Texas & Nuevo Leon's economic zonesThe reality is that there are logistical positions in Texas and Monterrey trade vectors that is strategically advantageous. Monterrey is a trading city located near the southern border that operates as an important global industrial zone for products and services delivered from Samsung, MSCI Financial, Toyota, Siemens, and the like because the region's geography permits it.The story is quite simple. Mexico needs more energy output. Texas has it. Mexican can grow it. The USMCA is designed to directly benefit the economies of Mexico & Texas. Monterrey, of course, is not the only important vector in Mexico that KSU falls under. Guadalajara, Jalisco houses Tesla operations and runs global avocado trade alongside the State of Michaocan. There are plenty of other examples. Two cooperative, regional populists at the helm. Mexico is primed for American economic bolstering and standardization. KSU overlaps directly with state growth points Mexico's untapped energy potential behaves almost like an extension of Texas and south basin opportunities. KSU ultimately double-dips from the changes. Texas GDP 1.8T. Mexican GDP 1.2T. KSU advantages optomizes cross-border trading directly with Mexico's strategic advancement of Monterrey # My recordI'm fairly conservative in my choice to purchase option or stock. I'm a software engineer that's passionate about education and have really enjoyed exercising my knowledge-base during this investment time. Usually i get really excited about a stock or two at best per year based on certain global developments. These stocks are selected based on powerful and consequential market relationships or competitions occurring in the arena and by simply just participating in the market as much as I can myself.I have made a fair amount of money with
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Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump’s latest tariff threat against Mexico ramped up expectations for interest rate cuts.
Markets will also start the month of June, which is often flat for markets, coming off a painful 6.6% monthly loss in the S&P 500.
Stocks lost ground in May on worries that the U.S. trade war with China would hurt the global economy and bite into earnings growth. They will begin trading in June with new worries that tariffs on Mexico could hurt the economy and threaten a new trade deal between the U.S., Mexico and Canada.
The coming week has a full calendar of economic data, with the highlight being Friday’s May employment report. There are also monthly auto sales and Institute for Supply Management manufacturing data due Monday, and international trade data expected Thursday.
But it is the Fed that should get the most attention, with central bank officials gathering at a much-anticipated conference hosted by the Chicago Fed Tuesday and Wednesday. Fed Chair Jerome Powell will make the opening remarks at the conference, which is about monetary policy strategy, tools and communications. For months, strategists have been hoping the conference will provide insight into how the Fed intends to address sluggish inflation.
Interest in the event is even higher after the market and Fed watchers are increasingly convinced the central bank will now cut rates this year, and maybe more than once. The futures market priced in increasing expectations for two rate cuts after Trump’s threat to put tariffs on all Mexican goods if the Mexican government does not stop immigration into the U.S.
After the last Fed meeting, Powell said low inflation appears to be transitory, suggesting the Fed would not have to cut rates, but markets still anticipate a rate cut, and inflation continues to run below the Fed’s 2% target.
Michael Gapen, Barclays chief U.S. economists, said investors hoping to hear Fed officials discuss their thinking on current policy could be disappointed. Gapen said the Fed is also about nine months away from its decision on how it will frame inflation, and the conference will be more about academic views on it.
Gapen was one of several Wall Street economists Friday who changed his view on the Fed’s rate policy. He said he now sees the Fed cutting the fed funds target rate by 75 basis points in two cuts this year, with the Fed starting at 50 basis points in September. The Fed has said does not foresee any rate cuts this year, nor hikes, and has stressed it is on hold.
Gapen does not expect to hear much from Fed officials at the conference on rates, though investors will be combing through every word looking for policy clues.
“I don’t think that’s the type of setting where anyone would make a monetary policy comment in advance of an FOMC meeting,” he said. The Fed next meets on June 18 and 19.
Gapen said he went from expecting no Fed move to two rate cuts because the trade war with China has become more extended than expected; manufacturing and business spending are weakening, and because of Trump’s threat to put tariffs on Mexico if it doesn’t control immigrants heading into the U.S. over the southern border.
“It does suggest the administration is willing to pursue multiple fronts. It lowers the bar for tariffs on Europe,” he said.
Interest rates continued to slide Friday, to multi-year lows. The 2-year yield, which most reflects Fed policy, fell sharply and was at 1.93% in late trading. The 10-year yield, at 2.55% in early May, was at 2.13% Friday afternoon. The S&P 500 was down 2.6% for the week, ending its worst week of the year at 2,752.
Sam Stovall, CFRA chief market strategist, said a “May mauling usually leads to a boom in June.” Going back to World War II, whenever there was a strong start to the year, the market traditionally fell in May but rose in June. Plus, this year was the third best start through April.
John Augustine, chief investment officer at Huntington Private Bank, said beyond the trade headlines, there are quite a few market catalysts in June.
“June is going to be very event-driven. It’s going to be the Fed on June 19. It’s going to be OPEC on June 25; it’s going be the G-20 on June 29,” he said.
He added, “We’re going to stay balanced and diversified because we don’t know how things are going to come out.”
Well, it finally happened. The S&P 500 Index pulled back more than 5% from its all-time high, marking the first 5% pullback of 2019. As we have discussed many times over the past two months, the odds were high that some type of pullback or even correction (10% or more off the highs) was likely after the 25% surge off the December 2018 lows.
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May likely will be the first negative month of the year (down nearly 6% with two days to go) and likely will be the first time stocks closed in the red in May since 2012.
Now, seasonality hints to more volatility ahead, as June doesn’t have the best history for stocks. “We finally had a 5% pullback, but the bad news is June can be a tricky month for stocks,” explained Senior Market Strategist Ryan Detrick. “Going back the past 20 years, only September has been worse on average, and returns have been quite poor in June after a big drop in May.”
As our LPL Chart of the day shows, stocks have tended to be weak in June over various periods.
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Here are six thoughts to chew on as we turn the calendar:
- When the S&P 500 has lost 5% in May (like it could in 2019), June’s performance has been weak. May has lost 5% or more only four other times in the past 50 years, and stocks subsequently fell more than 5% in June twice.
- However, when the S&P 500 has been up more than 10% year to date heading into June (like it could in 2019), the S&P 500 has gained 9 of the past 12 times (going back 50 years), and has been higher 1.9% on average.
- Equity markets in Greece, Brazil, India, Argentina, and Australia are all very strong. If we were truly entering a global recession, we would see more broad-based global weakness.
- The Chicago Board Options Exchange (CBOE) daily put/call ratio surged to its highest level since late December yesterday, suggesting a good deal of fear is coming into the market – a necessary recipe for a bottom to form.
- Only 31% of the components in the S&P 500 are above their 50-day moving average. This is nearing washout levels, but could need to go down to 20% before the ultimate low can form. Still, we are getting closer.
- The American Association of Individual Investors (AAII) Investor Sentiment Survey has more than 40% bears, the highest since the start of 2019. That’s another sign fear is spiking, and pessimism could be a bullish contrarian signal.
Barring a 700+ point rally into the close (hey, anything is possible), the DJIA is on pace for its first six-week losing streak since June 2011 and the 32nd such streak going back to 1900. As of this writing, the DJIA is down 6.46% over the course of this current losing streak, which would go down as the mildest six-week losing streak for the index since June 1976 and the fifth 'mildest' six-week losing streak on record. The chart below highlights each of the DJIA's prior six-week losing streaks since 1900 and shows how much the index declined during each one of them.
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While there have been quite a few six-week losing streaks for the DJIA in its history, it is not common for them to go on into a seventh week. As shown in the chart below, just seven of the DJIA's 32 prior six-week losing streaks have last seven or more weeks, and a 7-week losing streak stretching to an eighth week is practically unheard of with just one way back in 1923.
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According to the Stock Trader’s Almanac 2019 (page 86), the first trading day of June is the sixth best first trading day of all twelve months with DJIA gaining a cumulative 299.85 points since 1998. Over the past 24 years, DJIA’s first trading day of June has produced gains 70.8% of the time with an average gain of 0.04%. Sizable losses in 2002, 2011 and 2012 limit overall performance. S&P 500 has advanced 66.7% of the time. NASDAQ has been slightly weaker at 58.3% as has the Russell 2000 at 62.5%. Following three straight losses from 2010 to 2012, DJIA and S&P 500 have advanced six straight years on the first trading day of June.
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According to the Stock Trader’s Almanac 2019 (page 86), the first trading day of June is the sixth best first trading day of all twelve months with DJIA gaining a cumulative 299.85 points since 1998. Over the past 24 years, DJIA’s first trading day of June has produced gains 70.8% of the time with an average gain of 0.04%. Sizable losses in 2002, 2011 and 2012 limit overall performance. S&P 500 has advanced 66.7% of the time. NASDAQ has been slightly weaker at 58.3% as has the Russell 2000 at 62.5%. Following three straight losses from 2010 to 2012, DJIA and S&P 500 have advanced six straight years on the first trading day of June.
Over the last twenty-one years, the month of June has been a rather lackluster month for the market. DJIA, S&P 500 and Russell 1000 have all recorded average losses in the month. NASDAQ and Russell 2000 have faired better with modest average gains. Looking at the chart above, shaded areas highlight areas of strength during the month. Historically the month has opened respectably, advancing on the first and second trading days. From there the market then drifted sideways and lower into negative territory just ahead of mid-month. Here the market rallied to create a nice mid-month bulge that quickly evaporated and turned into losses. The brisk, post, mid-month drop is typically followed by a month end rally lead by technology and small-cap. This June could turn out better than average as a result of a strong start to the year and weakness in May.
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Our previous analysis of big gains the first four months indicated weakness was in store for the merry month of May. Now that the market has indeed suffered this May the outlook for June is a boon at least historically speaking.
The table below shows the top 20 first four month gains for the for the S&P 500 with the subsequent changes for May, June, Rest of the Year, “Worst Six Months” May-October, 2nd half July-December and full year performance. While most of the full year gains are clearly logged in these big first-four-month gains, there still upside to be had in the latter part of the year.
May is weakest and May 2019 has delivered market declines so far, down -4.9% for the S&P 500 as of today’s close. However, after big starts, 7 of the 9 subsequent May declines were followed by big gains in June (highlighted in green). So, while we do not anticipate much upside over the next 5 months or so, June is set up for a boon.
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This week's economic data came in split down the middle with 12 releases coming in worse than the prior period or estimates and another 12 improving. A remaining 3 met expectations or were unchanged from the previous period. We noted this same pattern in our Matrix of Economic Indicators for April. The FHFA's House Price Purchase Index for the first quarter was the first release of a shortened week coming in unchanged from the previous quarter at 1.1%. Monthly FHFA and Case-Shiller prices also came out on Tuesday with both showing slower home price growth. Later that morning the Conference Board's readings on Consumer Confidence came in stronger than both forecasts and the April reading. The final release Tuesday, the Dallas Fed's Manufacturing Activity, disappointed at -5.3 versus expectations of 6.2. On Wednesday, the Richmond Fed's Manufacturing Activity index also came in below expectations but was stronger than the April reading. The second release of Q1 GDP was revised lower but less than expected with growth for Q1 now sitting at 3.1% QoQ SAAR. While consumption growth was stronger, that came thanks in part to inflation measures falling below estimates. Retail and Inventories grew more than expected in April as seen in their Thursday release. Pending home sales were also notably weak. Friday data was better with Personal Income and Spending numbers both beating estimates. Michigan Sentiment was the final release of the week with a reading of 100.0 versus forecasts of 101.5, both below the 102.4 reported in preliminary data.
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With 34 releases, the data slate picks up next week. Monday we will get some important manufacturing data including the final data for May for the Markit PMI and ISM Manufacturing. Revisions for durable goods and the broader factory orders numbers for April will follow up on Tuesday. As next week is the first week of June, on Wednesday ADP will release their employment data for the month of May. This is expected to show fewer jobs created than April. The service portions of Markit PMIs and ISM will also come out Wednesday morning. In addition to the usual Thursday weekly releases, Nonfarm Productivity and Unit Labor Costs for the first quarter are expected. The Employment Situation Report with its Nonfarm Payrolls number will round out the week in economic data on Friday morning.
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- $CRM
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- $MDB
- $TIF
- $CIEN
- $COUP
- $FIVE
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- *$UNFI *
- $GWRE
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Monday 6.3.19 Before Market Open:
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Monday 6.3.19 After Market Close:
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Tuesday 6.4.19 Before Market Open:
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Tuesday 6.4.19 After Market Close:
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Wednesday 6.5.19 Before Market Open:
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Wednesday 6.5.19 After Market Close:
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Thursday 6.6.19 Before Market Open:
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Thursday 6.6.19 After Market Close:
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Friday 6.7.19 Before Market Open:
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Friday 6.7.19 After Market Close:
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Salesforce (CRM) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, June 4, 2019. The consensus earnings estimate is $0.61 per share on revenue of $3.68 billion and the Earnings Whisper ® number is $0.64 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat The company's guidance was for earnings of $0.60 to $0.61 per share. Consensus estimates are for earnings to decline year-over-year by 22.78% with revenue increasing by 22.42%. Short interest has increased by 2.0% since the company's last earnings release while the stock has drifted lower by 5.3% from its open following the earnings release to be 1.5% above its 200 day moving average of $149.11. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 28, 2019 there was some notable buying of 5,751 contracts of the $157.50 call expiring on Friday, June 14, 2019. Option traders are pricing in a 6.8% move on earnings and the stock has averaged a 3.2% move in recent quarters.
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Guess?, Inc. (GES) is confirmed to report earnings at approximately 4:15 PM ET on Thursday, June 6, 2019. The consensus estimate is for a loss of $0.26 per share on revenue of $539.45 million and the Earnings Whisper ® number is ($0.23) per share. Investor sentiment going into the company's earnings release has 41% expecting an earnings beat The company's guidance was for a loss of $0.29 to $0.25 per share on revenue of $534.00 million to $540.00 million. Consensus estimates are for earnings to decline year-over-year by 13.04% with revenue increasing by 3.48%. Short interest has increased by 264.2% since the company's last earnings release while the stock has drifted lower by 14.1% from its open following the earnings release to be 22.2% below its 200 day moving average of $20.78. Overall earnings estimates have been unchanged since the company's last earnings release. On Wednesday, May 15, 2019 there was some notable buying of 2,332 contracts of the $18.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 9.4% move on earnings and the stock has averaged a 13.6% move in recent quarters.
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Cloudera, Inc. (CLDR) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, June 5, 2019. The consensus estimate is for a loss of $0.23 per share on revenue of $188.29 million and the Earnings Whisper ® number is ($0.19) per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat The company's guidance was for a loss of $0.25 to $0.22 per share on revenue of $187.00 million to $190.00 million. Consensus estimates are for earnings to decline year-over-year by 64.29% with revenue increasing by 83.33%. Short interest has increased by 47.0% since the company's last earnings release while the stock has drifted lower by 29.4% from its open following the earnings release to be 29.5% below its 200 day moving average of $13.01. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, May 23, 2019 there was some notable buying of 1,873 contracts of the $10.00 call expiring on Friday, June 21, 2019. Option traders are pricing in a 15.0% move on earnings and the stock has averaged a 18.1% move in recent quarters.
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Stitch Fix, Inc. (SFIX) is confirmed to report earnings after the market closes on Wednesday, June 5, 2019. The consensus estimate is for a loss of $0.03 per share on revenue of $394.58 million and the Earnings Whisper ® number is ($0.01) per share. Investor sentiment going into the company's earnings release has 67% expecting an earnings beat The company's guidance was for revenue of $388.00 million to $398.00 million. Consensus estimates are for earnings to decline year-over-year by 133.33% with revenue increasing by 24.57%. Short interest has decreased by 22.1% since the company's last earnings release while the stock has drifted lower by 10.5% from its open following the earnings release to be 16.7% below its 200 day moving average of $27.82. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, May 17, 2019 there was some notable buying of 3,135 contracts of the $25.00 call expiring on Friday, June 21, 2019. Option traders are pricing in a 17.3% move on earnings and the stock has averaged a 18.2% move in recent quarters.
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Box, Inc. (BOX) is confirmed to report earnings at approximately 4:05 PM ET on Monday, June 3, 2019. The consensus estimate is for a loss of $0.05 per share on revenue of $161.53 million and the Earnings Whisper ® number is ($0.07) per share. Investor sentiment going into the company's earnings release has 43% expecting an earnings beat The company's guidance was for a loss of $0.06 to $0.05 per share on revenue of $161.00 million to $162.00 million. Consensus estimates are for year-over-year earnings growth of 28.57% with revenue increasing by 14.96%. Short interest has decreased by 26.7% since the company's last earnings release while the stock has drifted lower by 3.8% from its open following the earnings release to be 9.5% below its 200 day moving average of $20.43. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 10, 2019 there was some notable buying of 7,385 contracts of the $16.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 10.8% move in recent quarters.
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MongoDB, Inc. (MDB) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, June 5, 2019. The consensus estimate is for a loss of $0.24 per share on revenue of $83.17 million and the Earnings Whisper ® number is ($0.21) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat The company's guidance was for a loss of $0.25 to $0.23 per share on revenue of $82.00 million to $84.00 million. Consensus estimates are for year-over-year earnings growth of 45.45% with revenue increasing by 72.47%. Short interest has increased by 9.4% since the company's last earnings release while the stock has drifted higher by 10.6% from its open following the earnings release to be 44.1% above its 200 day moving average of $97.41. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 21, 2019 there was some notable buying of 621 contracts of the $130.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 14.0% move on earnings and the stock has averaged a 9.9% move in recent quarters.
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Tiffany & Co. (TIF) is confirmed to report earnings at approximately 6:40 AM ET on Tuesday, June 4, 2019. The consensus earnings estimate is $1.01 per share on revenue of $1.02 billion and the Earnings Whisper ® number is $1.03 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 11.40% with revenue decreasing by 1.28%. Short interest has increased by 16.7% since the company's last earnings release while the stock has drifted lower by 8.9% from its open following the earnings release to be 13.3% below its 200 day moving average of $102.73. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, May 20, 2019 there was some notable buying of 11,861 contracts of the $70.00 put expiring on Friday, November 15, 2019. Option traders are pricing in a 7.3% move on earnings and the stock has averaged a 7.7% move in recent quarters.
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Ciena Corporation (CIEN) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, June 6, 2019. The consensus earnings estimate is $0.41 per share on revenue of $816.40 million and the Earnings Whisper ® number is $0.39 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for revenue of $800.00 million to $830.00 million. Consensus estimates are for year-over-year earnings growth of 78.26% with revenue increasing by 11.84%. Short interest has increased by 30.0% since the company's last earnings release while the stock has drifted lower by 23.4% from its open following the earnings release to be 1.2% below its 200 day moving average of $35.37. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 31, 2019 there was some notable buying of 1,598 contracts of the $35.00 put expiring on Friday, January 15, 2021. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 7.0% move in recent quarters.
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Coupa Software (COUP) is confirmed to report earnings at approximately 4:05 PM ET on Monday, June 3, 2019. The consensus estimate is for a loss of $0.04 per share on revenue of $73.79 million and the Earnings Whisper ® number is $0.01 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat The company's guidance was for a loss of $0.06 to $0.03 per share on revenue of $74.00 million to $74.00 million. Consensus estiamtes are for year-over-year revenue growth of 30.94%. Short interest has increased by 30.0% since the company's last earnings release while the stock has drifted higher by 14.2% from its open following the earnings release to be 37.1% above its 200 day moving average of $79.64. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, May 17, 2019 there was some notable buying of 2,090 contracts of the $115.00 call expiring on Friday, June 21, 2019. Option traders are pricing in a 9.0% move on earnings and the stock has averaged a 6.1% move in recent quarters.
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Five Below, Inc. (FIVE) is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, June 5, 2019. The consensus earnings estimate is $0.35 per share on revenue of $365.70 million and the Earnings Whisper ® number is $0.36 per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat The company's guidance was for earnings of $0.32 to $0.35 per share on revenue of $361.00 million to $366.00 million. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 23.41%. Short interest has increased by 8.3% since the company's last earnings release while the stock has drifted higher by 0.3% from its open following the earnings release to be 7.3% above its 200 day moving average of $119.99. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 8.9% move on earnings and the stock has averaged a 8.5% move in recent quarters.
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| | https://medium.com/@CryptoSeq/large-enterprise-adoption-of-blockchain-is-happening-enabled-by-quant-networks-overledger-32321b650115 submitted by xSeq22x to QuantNetwork [link] [comments] This is Part Two in the mini-series looking at Quant Network. You can see Part One here as well as links to other articles at the bottom of this post. Quant Network have achieved incredible levels of adoption since launching Overledger less than a year ago. Their growth strategy is to partner with multinational global organisations with huge amounts of employees to then host / implement / take Overledger to each of their own clients. So one Partnership, leads to exponentially more and is the fastest way to scale rather than trying to partner with each customer individually. This is how companies such as Oracle grew so fast and Microsoft with their Partner Network. “ These are multinational global organisations with 100,000 + employees, this is the scale that we are working towards to take Overledger to the mass market. We can’t do it one by one in each country and sign them up but we can partner with someone that has 100 customers and they can take it to all their customers as well which helps with the adoption of our technology” — Gilbert VerdianLet’s start with arguably the biggest partnership for any Blockchain company listed on Coinmarketcap, the leading Financial Network Provider in Europe, SIA. SIA
“Since the European launch of our private infrastructure SIAchain, we are at the forefront of innovation in blockchain technology with the aim of supporting financial markets with a high-performance and secure architecture and a clear governance model. We actively continue on our path of innovation and the achievement of a fully interoperable blockchain network is the foremost objective we want to reach with the collaboration of Quant Network and its disruptive vision on DLT”, says Daniele Savarè, Innovation & Business Solutions Director, SIA.https://youtu.be/0cNmGrLPoTo So what we’ve done is instead of just announcing one client and one thing, we’re announcing that we’re working with SIA. So, SIA is the leading European payment infrastructure. And what we’re doing with SIA is interconnecting blockchain networks with SIA, and doing settlements, which are central bank settlements, with the central bank in Italy. So what Overledger is doing is we’re actually bringing blockchain and interoperability to all of SIA’s clients, which are 580 banks. So, Overledger could be rolled out to all these institutions, financial services, banks, at scale, and have interoperability to get the benefits of this.To read more see my other article which goes into more details about SIA here https://preview.redd.it/dbpfz3914pn31.png?width=1148&format=png&auto=webp&s=f9e6b3db87954f2e86a4ce2e060646fa440e8543 AX TradingQuant Network are working with AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange. AX Trading is not just about trading securities but other digital assets such as Bitcoin, Ethereum and potentially even Quant in the Future.
Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assetsGeorge O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.” To read more see my other article which goes into more details about Wall Street 2.0: Enabled by Quant Network’s Partnership with SEC & FINRA registered AX Trading here https://preview.redd.it/on9hbjk54pn31.png?width=1286&format=png&auto=webp&s=ca9ed465376e483801cf87e8933f0e718be915b4 Oracle
At Sibos 2019 Oracle is excited to feature 10 of our fintechs that have proven they are enterprise cloud ready and span a wide range of digital transformation themes including several available on Oracle’s Open Banking API ecosystem. Discover how you can accelerate your digital banking journey with a wide range of proven Oracle fintech solutions that meet the security, performance, and compliance needs for today’s Adaptive Bank — Oracle SIBOS 2019 Blockchain Enables Trustworthy Transactions The potential uses of blockchain technologies are seemingly endless, from providing easy access to online payments to creating connected economies. But one of blockchain’s standout promises is to automate trust by providing an incorruptible platform for transactions. Quant’s Overledger is the world’s first blockchain operating system. It’s designed to provide any network in the world with a gateway to all other blockchains, and therefore enable companies to develop new solutions by incorporating features from multiple blockchain applications. — https://blogs.oracle.com/startup/innovation-pays%3a-the-five-fintech-startups-making-money-more-interestinghttps://preview.redd.it/bv0hxxr84pn31.png?width=1100&format=png&auto=webp&s=8e67dd4a7b23eae444ed1ed9e7f7bda972236280 Crowdz
Payson Johnston, President and CEO of Crowdz, a Silicon Valley trade-finance and financial-technology company, stated that, “Although Crowdz uses the Ethereum blockchain as the foundation for our Invoice Auction Exchange, we have needed a solution that allows for invoices and other documents to be transferred from one blockchain to another — for example, among Hyperledger, Corda, and EOS. With the Overledger solution from Quant Network, it is now possible to pass data among different blockchains. Crowdz looks forward to working with Quant Network to enable the true multi-blockchain environment that our customers demand.”You can read more about the announcement here AuCloud and UKCloud
Scott Wilkie, Director of AUCloud stated that Australian Government, Department of Defence and major industries are using or testing blockchain to interact with their supply chain, critical infrastructure, national record keeping and financial services. These organisations require the interoperable functionality that can only come with an operating system like Overledger and the security of the leading sovereign Australian cloud platform. Without Overledger, none of these projects or systems will be able to communicate with each other or enable cross party collaboration. Brad Bastow, CTO AUCloud (previously CTO Department of the Prime Minster & Cabinet) stated that “applying world leading blockchain technologies to enhancing the cyber security of cloud IaaS and PaaS can significantly improve the ease of adoption and reduces risks for all government users and citizens. We aim to bring the most effective and assured technologies as-a-Service and Quant Network have some of the most advanced blockchain technology in the world in this respect.”You can read more about the announcement here SIMBA Chain
https://preview.redd.it/lv7c8upd4pn31.png?width=1085&format=png&auto=webp&s=33c1b51f8b4b4479de99ac37ea4def67b348fe5e https://youtu.be/u4ymv3AM_Us AllianceBlock
“AllianceBlock will use Overledger to leverage multiple blockchains and create multi-chains token swaps. This partnership offers the possibility to open a new set of real-world applications leveraging different features from different chains. AllianceBlock is delighted about this partnership which will help blockchain projects and SMEs wield blockchain technology very easily” said Rachid Ajaja, Co-founder of AllianceBlock. Jiangsu Huaxin Blockchain Institute
Atlantic Power Exchange
Managing Director of Rockefeller Capital Joins the Board of Quant Network
“I’m delighted to join the Board of Quant Network. This is an exceptional team of experienced professionals in the cybersecurity and blockchain industry.”Guy Dietrich recently personally attended meetings with the UK’s Financial Conduct Authority (FCA) with Gilbert. https://preview.redd.it/pko3capi4pn31.png?width=548&format=png&auto=webp&s=a200a3cb342a6ff848defcc94157cdee37c723af International Organization for Standardization (ISO)Gilbert Verdian is the founder of ISO TC 307, the global standard for Blockchain and Distributed Ledger Technologies which 55 countries are currently working towards. Gilbert is the chairman for the TC 307 Working Group for Interoperability of blockchain and distributed ledger technology systems https://preview.redd.it/vfk2sgnk4pn31.png?width=1133&format=png&auto=webp&s=edd7ac8f51a9e08742f9754cec92cf1bcc0539ff European’s Union INATBAQuant Network is a founding member in the European Union’s launch of the International Association for Trusted Blockchain Applications (INATBA). Other members of INATBA include Accenture, Accord Project, Alastria,Banco Santander, BBVA, Consensys, Enterprise Ethereum Alliance, Fujitsu, IOTA, Ledger, SAP, SIA, Swift, Telefonica, We.Trade and many more. INATBA is a collaboration of 26 EU countries to develop EU blockchain regulation and prepare the launch of EU-wide blockchain applicationsPay.UK
You can read more about it here and here https://preview.redd.it/10okaogo4pn31.png?width=1454&format=png&auto=webp&s=99f7696dd6994b74960d2d017cb06d97304221a4 MOBI
Hyperledger
Accord Project
As well as many being worked on and yet to be publicly announced:HCL Technologies
we are really looking at ASIA, especially around Singapore, Hong Kong and we are working with partners to go there, just yesterday we had a meeting with a $8 billion company based in the ASIA region and they want to use Overledger for their clients and they are going to help us expand to that region, once we partner with the right bigger playershttps://youtu.be/G1b9TX6rcuI https://preview.redd.it/ac3f0yjv4pn31.png?width=827&format=png&auto=webp&s=dc1bfde0a476ee6ffbcb15284236dbb5d9d508e9 2 of the Big 4 Global Consultancy Firms are taking Quant Network’s Overledger to their clients.The Big 4 Global Consultancy firms are huge and consist of Deloitte, PwC, EY and KPMG. They offer a range of services from offering consultancy advice on what to use, assisted prototyping right through to the delivery of production-ready enterprise solutions. Previously Gilbert was the Director of Cybersecurity at PwC and a Senior Manager of Security at EY plus Lara Verdian was the director for Deloitte Access Economics at Deloitte.https://preview.redd.it/2hklfapx4pn31.png?width=697&format=png&auto=webp&s=d8181a12c888de00f4cbc6a4ff639697acc4deee Quant Network are currently working with 2 of the above 4 global consultancy firms who are taking Overledger to their clients. As well as many other consultancy firms: https://preview.redd.it/usoyx5b15pn31.png?width=1215&format=png&auto=webp&s=a60b243d74e50dbc97ada380001f6f9396c8bb5b Quant Health
ExchangesThey are also in talks with Traditional Exchanges such as the Swiss Stock Exchange SDX Platform and others as well as Large asset management firmshttps://preview.redd.it/cn3ylk295pn31.png?width=1254&format=png&auto=webp&s=1b24c2088383aa5438b9d97bd54c34867b1cb137 As well as various Governments including the Australian Treasury with DATA61 regarding open banking and consumer data rights, the UK’s HMRC, Central Banks, Global companies in Korea, Insurance Companies, Airlines and Logistic companies. https://preview.redd.it/t35ctv3b5pn31.png?width=1237&format=png&auto=webp&s=311762c9dbdc2755001b9b1a426dbe0206105574 It’s truly remarkable what they have achieved in such a short space of time, working non-stop all around the globe, working with enormous Global organisations, Leading Financial Institutions, Governments and Health. Quant Network is enabling the mass adoption of Blockchain, bridging all blockchains and offchain networks together (as well as plans to connect directly to the Internet) to achieve the true potential of this revolutionary technology. In the last article of this mini-series I will take a closer look at the tokenomics of the QNT token and why there isn’t another utility token with as much value as QNT. With a tiny total supply of just 14.6 million QNT tokens, with no inflation, Supply reducing further as tokens are taken out circulation with licensing and strong demand / usage for the token, as well as minimum QNT holdings for wallets to benefit from Universal Interoperability. Part One — Blockchain Fundamentals Part Two — The Layers Of Overledger Part Three — TrustTag and the Tokenisation of data Part Four — Features Overledger provides to MAPPs Part Five — Creating the Standards for Interoperability Part Six — The Team behind Overledger and Partners Part Seven — The QNT Token Part Eight — Enabling Enterprise Mass Adoption Quant Network Enabling Mass Adoption of Blockchain at a Rapid Pace Quant Network Partner with SIA, A Game Changer for Mass Blockchain Adoption by Financial Institutions Part One of this mini Series — What is a blockchain operating system and what are the benefits? Introducing Overledger from Quant Network Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading |
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