by Don Vialoux, Timingthemarket.ca
Pre-opening Comments for Tuesday December 1st
U.S. equity index futures moved higher this morning. S&P 500 futures were up 7 points in pre-opening trade. Index futures were led by strength in commodity sensitive equities thanks to weakness in the U.S. Dollar Index
The Canadian Dollar moved slightly lower following release of the annualized third quarter gross domestic product report. Consensus was growth at 2.3%. Actual was 2.3%. In September, GDP slipped 0.5% versus a consensus of no change.
Bank of Nova Scotia added $1.10 to US$46.65 and Bank of Montreal gained $2.34 to US$59.98 after reporting higher than consensus fourth quarter earnings.
Cott Beverages (COT $) added $0.17 to 10.63 after Canaccord initiated coverage on the stock to Buy. Target is $15.
Barclays upgraded the U.S pharmaceutical sector. Johnson & Johnson (JNJ $102.04), Eli Lilly (LLY $82.04) and Merck (MRK $53.43) were upgraded to Overweight.
Campbell Soup added $0.39 to $52.63 after Argus upgraded the stock to Buy. Target is $65.
Morgan Stanley gained $0.20 to $34.50 after UBS initiated coverage with a Buy rating. Target is $42
Yum Brands rose $0.77 to $73.28 after Cowen upgraded the stock to Outperform. Target is $88.
Cenovus added $0.10 to US$14.90 after Goldman Sachs upgraded the stock to neutral.
EquityClock’s Daily Market Comment
Following is a link:
http://www.equityclock.com/2015/11/30/stock-market-outlook-for-december-1-2015/
Note the variety of seasonality charts showing markets, sectors and stocks that outperform in the month of December
Don Vialoux on BNN’s Market Call Today
Taped yesterday. Following are links:
http://www.bnn.ca/Video/player.aspx?vid=760104 (Opening segment with market comment)
http://www.bnn.ca/Video/player.aspx?vid=760125
http://www.bnn.ca/Video/player.aspx?vid=760124
http://www.bnn.ca/Video/player.aspx?vid=760123
http://www.bnn.ca/Video/player.aspx?vid=760126
http://www.bnn.ca/Video/player.aspx?vid=760130
http://www.bnn.ca/Video/player.aspx?vid=760145
http://www.bnn.ca/Video/player.aspx?vid=760158 (Top Picks)
Weekly Globe Investor Comment
Authored by Jon and Don Vialoux. Headline reads,”How to take advantage of a Santa Claus rally”. Following is a link:
StockTwits released yesterday
El Nino winters typically see above average economic activity and equity market performance
Technical action by S&P 500 stocks to 10:00 AM: Quietly bullish. Breakouts: $MKC, $CSC, $NVDA. No breakdowns.
Editor’s Note: Technical action after 10:00 AM remained mildly bullish. Breakouts included FITB, ADT, ALLE and PBI. Breakdown: REGN
Trader’s Corner
Daily Seasonal/Technical Equity Trends for November 30th 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Commodities Trends for November 30th 2015
Green: Increase from previous day
Red: Decrease from previous day
Daily Seasonal/Technical Sector Trends for November 30th 2015
Green: Increase from previous day
Red: Decrease from previous day
Special Free Services available through www.equityclock.com
Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices. To login, simply go to http://www.equityclock.com/charts/
Following is an example:
|
MATERIALS Relative to the S&P 500
|
Disclaimer: Seasonality and technical ratings offered in this report by www.timingthemarket.ca and www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.
|
|
|
Copyright © DV Tech Talk, Timingthemarket.ca
