Contact | RSS Feed

Stock Market Outlook for February 13, 2019


S&P 500 Index revealing a new pivot point around 2720.

 

Real Time Economic Calendar provided by Investing.com.

 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.   As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

Keyera Corp (TSE:KEY.TO) Seasonal Chart

Keyera Corp (TSE:KEY.TO) Seasonal Chart

Genpact Ltd. (NYSE:G) Seasonal Chart

Genpact Ltd. (NYSE:G) Seasonal Chart

AbbVie Inc. (NYSE:ABBV) Seasonal Chart

AbbVie Inc. (NYSE:ABBV) Seasonal Chart

Quanta Services, Inc. (NYSE:PWR) Seasonal Chart

Quanta Services, Inc. (NYSE:PWR) Seasonal Chart

 

 

The Markets

Stocks pushed higher on Tuesday amidst optimism that a funding deal has been achieved to keep the US government open past the February 15th deadline.  The deal in principle negotiated between Republicans and Democrats did not include border wall funding, a requirement imposed by President Donald Trump.  The S&P 500 Index closed the session higher by 1.29%, ending just marginally above its 200-day moving average.  Investors bought into discretionary, financial, industrial, and material stocks in what amounted to a risk-on session.  The large-cap benchmark is revealing a new pivot point around 2720, a level that the benchmark has gapped around three times in just the present month.  The level presents a point of support when above this zone and conversely a level of resistance when below.  For now, stocks are afloat above this zone unless a catalyst were to be realized that knocks the benchmark below.

image

On the economic front, the report on Job Openings and Labor Turnover indicated that opportunities in the economy increased in the final month of 2018. The headline print indicated that job openings increased to 7.335 million in December from a previously revised 7.116 million in November. The consensus estimate was for 6.90 million. Stripping out the seasonal adjustments, job openings actually increased by 0.7% to 6.89 million, diverging from seasonal norms that call for a decline in openings of 2.8% in the last month of the year. The result brings the 2018 change to +31.9%, the best calendar year growth in the history of this report.  To receive further analysis regarding this report and other important indicators of economic activity, subscribe to Equity Clock and we’ll breakdown the numbers beyond what is revealed in the headlines.  Subscriptions also include access to the seasonal chart database, which has over 7000 seasonal profiles of every listed company in the US and Canada with at least five years of data associated with them.

Job Openings: Total Nonfarm Seasonal Chart

Monthly Job Openings: Total Nonfarm Data

Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.78.  Once again, investor sentiment is bordering on complacency following the substantial rally from the December low.

image

 

 

Seasonal charts of companies reporting earnings today:

Acco Brands Corporation (ACCO) Seasonal Chart American International Group, Inc. (AIG) Seasonal Chart Annaly Capital Management Inc (NLY) Seasonal Chart Barrick Gold Corporation (GOLD) Seasonal Chart CBRE Group, Inc. (CBRE) Seasonal Chart Cedar Fair, L.P. (FUN) Seasonal Chart Cenovus Energy Inc (CVE) Seasonal Chart CenturyLink, Inc. (CTL) Seasonal Chart CF Industries Holdings, Inc. (CF) Seasonal Chart Charles River Laboratories International, Inc. (CRL) Seasonal Chart Cisco Systems, Inc. (CSCO) Seasonal Chart Colliers International Group Inc. (CIGI) Seasonal Chart DaVita Inc. (DVA) Seasonal Chart DISH Network Corporation (DISH) Seasonal Chart Equinix, Inc. (EQIX) Seasonal Chart FLIR Systems, Inc. (FLIR) Seasonal Chart Fossil Group, Inc. (FOSL) Seasonal Chart Global Payments Inc. (GPN) Seasonal Chart HCP, Inc. (HCP) Seasonal Chart Hilton Worldwide Holdings Inc. (HLT) Seasonal Chart Hyatt Hotels Corporation (H) Seasonal Chart International Flavors & Fragrances, Inc. (IFF) Seasonal Chart Interpublic Group of Companies, Inc. (The) (IPG) Seasonal Chart Kinross Gold Corporation (KGC) Seasonal Chart Louisiana-Pacific Corporation (LPX) Seasonal Chart Manulife Financial Corp (MFC) Seasonal Chart Marathon Oil Corporation (MRO) Seasonal Chart MGM Resorts International (MGM) Seasonal Chart NetApp, Inc. (NTAP) Seasonal Chart Oil States International, Inc. (OIS) Seasonal Chart Pilgrim's Pride Corporation (PPC) Seasonal Chart Pioneer Natural Resources Company (PXD) Seasonal Chart QuickLogic Corporation (QUIK) Seasonal Chart Sun Life Financial Inc. (SLF) Seasonal Chart Teck Resources Ltd (TECK) Seasonal Chart Teva Pharmaceutical Industries Limited (TEVA) Seasonal Chart The Andersons, Inc. (ANDE) Seasonal Chart Waste Connections, Inc. (WCN) Seasonal Chart Williams Companies, Inc. (The) (WMB) Seasonal Chart

 

 

S&P 500 Index

image

image

 

 

TSE Composite

image

image

 

Sponsored By...
Seasonal Advantage Portfolio by CastleMoore

Comments are closed.