$CHD CEO on consumers trading down in 2Q:
"The trade down to value detergent has begun. I’ll give you some numbers. For example, during Q2, the liquid laundry category grew 7%, but value laundry detergent grew 11%, while premium laundry grew 4%."
PCE Deflator, More Earnings: Daily Contrarian, July 29
Good morning contrarians! Stocks look to resume their rally after positive earnings from $AAPL and $AMZN

Today’s main economic data release is the PCE deflator, out at 0830. Economists expect a 6.8% increase to the headline figure, which is ahead of last month’s 6.3%. The core figure, which excludes food and energy, is expected to increase 4.7%. That would be identical to last month’s number.

Watch for: A small increase is baked in to the headline figure. So don’t believe any headlines that say it rose “unexpectedly.” But the core figure is more important anyway.

Earnings include $XOM, $LYB, $CVX, $NWL, $CL, $CHD, $PG, and $PSX.

Am monitoring $SWK after it dropped 16% yesterday. More on this in the podcast, available here:
Eric Pelnik's avatar
$284.3m follower assets
Earnings this week
📞Which calls are you most excited about?

Monday, July 26th
$CRSP CRISPR Therapeutics
$HAS Hasbro
$TSLA Tesla

Tuesday, July 27th
$MMM 3M
$GOOGL Alphabet
$JBLU JetBlue
$AAPL Apple
$AMD Advanced Micro Devices
$SWK Stanley Black & Decker
$GE General Electric
$SHW Sherwin-Williams
$SBUX Starbucks
$MSFT Microsoft
$CAKE Cheesecake Factory
$FISV Fiserv
$TDOC Teladoc Health
$TENB Tenable
$V Visa
$WM Waste Management
$JNPR Juniper Networks

Wednesday, July 28th
$BMY Bristol-Myers Squibb
$BA Boeing
$F Ford Motor
$MCD McDonald's
$LC LendingClub
$FB Facebook
$GRMN Garmin
$QCOM Qualcomm
$SHAK Shake Shack
$PFE Pfizer
$NOW ServiceNow
$SHOP Shopify
$PFPT Proofpoint
$SPOT Spotify

Thursday, July 29th
$AMZN Amazon
$TEAM Atlassian
$AMT American Tower
$TAP Molson Coors Beverage
$GT Goodyear Tire & Rubber
$NOC Northrop Grunman
$KDP Keurig Dr Pepper
$GILD Gilead Sciences
$MA Mastercard
$TWLO Twilio
$ZEN Zendesk
$MSTR Microstrategy
$UPWK Upwork

Friday, July 30th
$ABBV Abbvie
$CHD Church & Dwight
$XOM Exxon Mobil
$PG Procter & Gamble
$CAT Caterpillar
$CVX Chevron
$VFC VF Corp

Sources: Business Insider, Google Finance, and Yahoo Finance
Eric Pelnik's avatar
$284.3m follower assets
Earnings this week
📞 Which calls are you most excited about?

Monday, April 26th
$RRC Range Resources
$TSLA Tesla
$MSTR Microstrategy

Tuesday, April 27th
$MMM 3M
$GOOGL Alphabet
$AMGN Amgen
$SYK Stryker
$GE General Electric
$CROX Crocs
$CB Chubb
$SHW Sherwin-Williams
$SBUX Starbucks
$MSFT Microsoft
$COF Capital One
$FISV Fiserv
$FEYE FireEye
$HAS Hasbro
$V Visa
$WM Waste Management
$PINS Pinterest
$AMD Advanced Micro Devices

Wednesday, April 28th
$AFL Aflac
$ORLY O'Reilly Automotive
$SWK Stanley Black & Decker
$BA Boeing
$AAPL Apple
$F Ford
$CAKE Cheesecake Factory
$LC Lending Club
$EBAY eBay
$FB Facebook
$TDOC Teladoc
$NOW ServiceNow
$SPOT Spotify
$SHOP Shopify

Thursday, April 29th
$AMZN Amazon
$TEAM Atlassian
$AMT American Tower
$ETH Ethan Allen Interiors
$BMY Bristol-Myers Squibb
$TAP Molson Coors Beverage Co
$HSY Hershey
$PCG PG&E
$CHD Church & Dwight
$MCD McDonald's
$KHC Kraft Heinz
$NOC Northrop Grumman
$CG Carlyle Group
$DPZ Domino's Pizza
$FIVN Five9
$TROW T Rowe Price
$ZEN Zendesk
$TWTR Twitter

Friday, April 30th
$PSX Phillips 66
$ABBV Abbvie
$XOM Exxon Mobil
$CLX Clorox
$CVX Chevron

Sources: Business Insider, Google Finance, and Yahoo Finance
Near term pullback?
Breadth divergences are starting to appear in the major US indices. With the last week of Jan pulling back 4ish percent from the recent highs, we're at the 50 day moving average and December highs in the S&P. Next area of support is 3500 areas, which is the September highs and 100 day moving average.

With January being negative for the S&P, the month's returns are 84% indicative of the rest of the year. When negative, the market is tends to be flat or experience a 10% drawdown (which is avg market year).


Raise your stops and your cash in the near term. But in the future, Mr Market will be right, and my guess is just a blindfolded dart throw.

Jan 2021 Holdings (not linked yet) -
Stocks:
$SFIX - 8.6%
$MDB - 8.2%
$BRK.B- 8.2%
$PLTR - 8.2%
$CD - 5.7%
$SQ - 5.6%
$UPWK - 5.2%
$DOCU - 5.2%
$MBIO - 4.9%
$MP - 4.0%
ETFs:
$EEM - 8.5%
$MSOS - 5.8%
$VVO - 5.6%
$QQQJ - 4.2%
Options:
$CHD - 1.5%
$WWE - .6%
CASH: 10%
While it is just one day, the market showed a strong beginning of the month start, after finishing January abysmally. Again, one should be open minded to ALL outcomes.

**Data to counter my thesis for a flat to pullback February for the major indices:**
  • Tom Lee believes that much of the selling & "de-grossing" from funds reached its peak last week. This would mean much LESS selling pressure in the near term.

**Data to support a digestion of gains, or pullback in February:**
  • 52 week highs continue to collapse -
  • Poor reactions to earnings from huge names like AAPL, and those large cap growth names are under recent support (ie AAPL needs to stay above $138 to remain bullish, otherwise take a wait & see approach)
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Eric Pelnik's avatar
$284.3m follower assets
Earnings this week
📞 Which calls are you most excited about?

Monday, January 25th
$SMG Scotts Miracle-Gro

Tuesday, January 26th
$MSFT Microsoft
$JNJ Johnson & Johnson
$VZ Verizon
$SBUX Starbucks
$AMD Advanced Micro Devices
$AXP American Express
$MMM 3M
$GE General Electric
$LMT Lockheed Martin

Wednesday, January 27th
$AAPL Apple
$TSLA Tesla
$FB Facebook
$BA Boeing
$SYK Stryker
$BX Blackstone
$LEVI Levi Strauss
$VFC VF Corp

Thursday, January 28th
$V Visa
$MA MasterCard
$CMCSA Comcast
$MCD McDonald's
$MO Altria
$TEAM Atlassian
$WBA Walgreens Boots Alliance
$LUV Southwest Airlines
$JNPR Juniper Networks
$NOC Northrop Grumman
Friday, January 29th
$PSX Phillips 66
$CHD Church & Dwight
$CAT Caterpillar
$CVX Chevron

Sources: Business Insider, Google Finance, and Yahoo Finance
Eric Pelnik's avatar
$284.3m follower assets
Some earnings this week
Monday, July 27th
$HAS Hasbro

Tuesday, July 28th

$TWOU 2U
$MMM 3M

$AFL Aflac

$JBLU JetBlue

$AKAM Akamai

$AMD Advanced Micro Devices

$MCD Mcdonald's Corp

$MKL Markel$SBUX Starbucks

$SHW Sherwin-Williams

$RTX Raytheon

$HOG Harley-Davidson

$EBAY eBay

$FEYE FireEye

$TENB Tenable

Wednesday, July 29th
$APRN Blue Apron
$BA Boeing

$GE General Electric

$SMG Scott's Miracle-Gro

$GM General Motors

$FB Facebook

$TDOC Teladoc

$PYPL PayPal

$QCOM Qualcomm

$SHOP Shopify

$SPOT Spotify

Thursday, July 30th
$GOOGL Alphabet

$AMZN Amazon

$TEAM Atlassian

$EA Electronic Arts

$AAPL Apple

$CROX Crocs

$F Ford Motor

$PG Procter & Gamble

$KHC Kraft Heinz

$DVA DaVita

$EXPE Expedia

$SHAK Shake Shack

$WM Waste Management

$UPS United Parcel Service

Friday, July 31st
$MRK Merck & Co

$CHD Church & Dwight

$CHTR Charter Communications

$XOM Exxon Mobile

$CAT Caterpillar

$CVX Chevron

$PINS Pinterest
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