Helen of Troy Corp (HELE)

Helen of Troy Corp (HELE) will report earnings after the close. The stock is fully valued and then some.

hele

Retracements and Technical Considerations

The S&P 500 has had a nice run that is very typical of up moves seen since 2013. From its April low to peak last Thursday, the S&P 500 has moved 169.75 points or 9.35%. Since the beginning of 2013, this is now the second best move behind last fall’s move of 11.59%. The average move is 8.20% so we are a bit beyond the average.

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Futures Higher

In After Hours Trading

Four IPOs on deck this week with no set Secondary Offerings for today BLUE RARE.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): AA +.06.

What’s Happening This Morning

US futures: S&P 500 +2.50 Dow Jones +14 NDX +4.50 with fair values flat. Asia lower and Europe mixed. Copper, silver and gold higher. WTI Crude lower and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield +1. Prices as of 8:05 a.m. EDT.

Earnings Expected

Earnings due after the close (by market cap descending): WDFC HELE.

Due tomorrow morning (by market cap descending): PGR FDO.

Rags & Mags: Inside Wall Street

USA Today: Earnings for financial stocks could be disappointing. 11 stocks to own in earnings season.

NY Times: President Obama clueless on latest spying case from Germany. Requests $4 billion to fight the border. Citigroup (C) close to settling mortgage penalties.

 

Options Activity

Index ETF Options Volume

[Image 1]

The rows in the options matrix are as follows:
  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volumed

Futures Lower

In After Hours Trading

Four IPOs on deck this week with no set Secondary Offerings so far this week.

IPO Financial provides our capital raise data.

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): none of note.

What’s Happening This Morning

US futures: S&P 500 -2.60 Dow Jones -20 NDX -1.30 with fair values a bit higher adding to the downside. Asia mixed and Europe lower. Copper, silver and gold higher. WTI Crude lower and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs. Pound and lower vs. Yen. US 10 year Treasury yield -2. Prices as of 8:05 a.m. EDT.

Earnings Expected

Earnings due after the close (by market cap descending):AA HTZ.

Due tomorrow morning (by market cap descending): MSC.

Rags & Mags: Inside Wall Street

USA Today: Israel launches strikes at Hamas. Typhoon hits Japan. Business trips rise in U.S. Three stocks that could push the Dow to 18,000 are BA, V and UTX.

Bob Evans (BOBE)

Bob Evans (BOBE) will report earnings after the close. The stock like many restaurant stocks is trading at a discount to our price target.

bobe

Morning Matters Portfolio Update

The S&P 500 is lower since our update for the second week in a row. The Nasdaq Composite has pulled back for the second week in a row. The portfolio is still 75% invested long, 0% short and 25% in cash, net long 75%. We are now at a value of 832.01% from 807.70% last Tuesday.

We have added the price target from the Alpha Intelligence Stock Scorecard into the weekly update. All stocks are well below their price targets. ETFs recommendations can be found in The Madison Letter. In 2014, this will be updated each Wednesday.

Remember these returns are total returns with the average change for all winners and losers is 7.34% per idea. Our batting average of closed winners and losers is 70%. The portfolio is up 807.70% through last week from inception when it began at 0% in April of 2008. We began 2013 at a value of 478.60% so we had a very nice gain for 2013 ending at 732.40%. So far this year we are up 99.61 points or 13.66%. The performance on the Uncommon Wisdom Daily Portfolio Tracker is a bit higher due to dividends which they add in. We have never added in dividends so our results are understated.

The Russell 2000 is now tracking and beating the S&P 500 on a daily basis. The Madison Letter is invested and the A/D line signal is invested as of this morning.

 

Options Activity

Index ETF Options Volume

[Image 1]

The rows in the options matrix are as follows:
  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volumed

TravelCenters of America (TA)

TravelCenters of America (TA) reported earnings this morning. It has a substantiall discount to its price target.

ta

The Week Ahead

The Dow Jones Industrial Average was higher for the past week along with the S&P 100, Russell 2000 and the NASDAQ 100. The trend is still positive for all three indices.

Geopolitical and Fiscal Events Tuesday sees Federal Reserve Minneapolis President Kocherlakota and Richmond President Lacker speak about the economy and monetary policy. Wednesday sees the Federal Reserve Open Market Committee release its latest minutes. Thursday sees Federal Reserve Kansas City President Esther George speak about the U.S. economy and monetary policy. Friday sees the Federal Reserve hold its Rocky Mountain Economic Summit and several regional Federal Reserve Presidents will speak.

Economic Releases. No Releases of note this week other than the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims.

Earnings Releases. Notable releases include (in order of day’s reporting with Monday first and Friday last) TA AA HTZ TCS MSM HELE PGR FDO WFC FAST among others companies as we continue Q1 earnings. See the earnings section.