Smart Investing Today – Your Stock Market Market Digest
Trouble Ahead, Trouble Behind? Dow Gains 200 Points as French Election, Earnings Lift Stocks
Stocks surged today as the results of the French presidential election have allowed investors to focus on earnings. The S&P 500 advanced 1.1% to 2374.15 today, while the Dow Jones Industrial Average rose 216.13 points, or 1.1%, to 20,763.89. Morgan Stanley’s Michael Wilson and team contend the market is climbing a wall of worry: We continue to believe that the market is climbing a wall of worry built mostly on political and geopolitical concerns.
BP on the Street: Analyst Ratings Prior to the 1Q17 Results
Of the 11 analysts covering BP stock, four (36%) have assigned buy or strong buy ratings, while seven (64%) have assigned holds.” None has assigned a sell.”
Why Is VMware Focused on the Hybrid Cloud Space?
VMware’s focus on the HCI (hyper-converged infrastructure) space will also benefit the company in the hybrid cloud space.
Precious Metals Snapshot
- Gold Spot Price: $1,271.10 per ounce
- Silver Spot Price: $17.90 per ounce
- Platinum Spot Price: $955.90 per ounce
- Palladium Spot Price: $795.50 per ounce
Gold & Silver Spotlight
SPDR Gold Shares (GLD) share price is $121.48, which is 2.2% above its 50-day exponential moving average of $118.85
The RSI is 59.39 which suggests that SPDR Gold Shares (GLD) is technicallyneither overbought nor oversold.
The current trend is moderately bullish and GLD is experiencing buying pressure, which is a positive indicator for future bullish movement.
According to the MACD, SPDR Gold Shares (GLD) is currently on a Buy Signal.
Over the next 4 weeks, SPDR Gold Shares (GLD) has on average historically risen by 0.5% based on the past 12 years of stock performance.
SPDR Gold Shares (GLD) has risen higherby an average 0.5%in 6 of those 12 years over the subsequent 4 week period,corresponding to a historical probability of 50%
SPDR Silver Shares (SLV) share price is $16.98, which is 0.4% above its 50-day exponential moving average of $16.92
The RSI is 46.79 which suggests that SPDR Silver Shares (SLV) is technicallyneither overbought nor oversold.
The current trend is moderately bearish and SLV is experiencing buying pressure, which is a positive indicator for future bullish movement.
According to the MACD, SPDR Silver Shares (SLV) is currently on a Sell Signal.
Over the next 4 weeks, SPDR Silver Shares (SLV) has on average historically fallen by 2.7% based on the past 11 years of stock performance.
SPDR Silver Shares (SLV) has fallen lowerby an average 2.7%in 6 of those 11 years over the subsequent 4 week period,corresponding to a historical probability of 54%
Trending Stocks On The Move
APPLIED OPTOELECTRONICS (AAOI) share price is $48.78, which is 6.8% above its 8-day exponential moving average of $45.66
APPLIED OPTOELECTRONICS (AAOI) share price is $48.78, which is 8.2% above its 50-day exponential moving average of $45.07
According to the MACD, APPLIED OPTOELECTRONICS (AAOI) is currently on a Sell Signal.
City Holding Co. (CHCO) share price is $71.58, which is 8% above its 8-day exponential moving average of $66.27
City Holding Co. (CHCO) share price is $71.58, which is 10.8% above its 50-day exponential moving average of $64.59
According to the MACD, City Holding Co. (CHCO) is currently on a Buy Signal.
Hasbro (HAS) share price is $101.7, which is 4.5% above its 8-day exponential moving average of $97.30
Hasbro (HAS) share price is $101.7, which is 5.9% above its 50-day exponential moving average of $96.03
According to the MACD, Hasbro (HAS) is currently on a Sell Signal.
The VIX figure is 10.84. This is 38.1% below the historic median figure of 17.52.
The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Historically, VIX levels above 50 correlate closely with periods of stock market panic while VIX levels below 20 are more typical during relatively calm periods in the market.
The 10,000 Foot Economic View
Total Market Cap / GDP
The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.2988. This is 47.4% above the historic median figure of 0.88.
The higher the Market Cap/GDP figure is relative to its median level, the higher the perceived risk in the market. Markets can remain overvalued for extended time periods.
The S&P Earnings is 94.59. This is 69.3% above the historic median figure of 55.86.
The higher the S&P Earnings are above their median level, the higher the perceived risk in the market.
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