Hello my friend
Let me start by wishing you and yours a Happy Thanksgiving. Be safe, have fun and try not to eat too much.
It will likely be a low volume week ahead however in the past this week has had some crazy low float runners. We could see the same type of action again this year since that has already been the theme for the markets over the last couple of weeks.
You have to play these size appropriate and make sure you have a clear concise plan for your entry and exit. Even with the holiday on Thursday we still have some economic data that could move the markets including the FOMC minutes on Wednesday.
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*Here is this weeks 5 in 5 stocks to watch video *
$TOUR $GLW $TWTR $HMNY $WWR
Dry bulk orders quadruple so far in 2017
Dry bulk orders have surged by 4x during the first 10 months of this year, according to analysts at Alphabulk.
A total of 287 vessels over 15K dwt have been ordered at yards during the period, 43% consisting of panamax tonnage in the first time the group has comprised more than 40% of bulk contracts in any single year.
At 122 ships, panamax/kamsarmax contracts have topped order levels over the past three years and are the highest since 2013, Alphabulk says.
On the other hand, supramax orders YTD have reached just 85 vessels, which could mean 2017 orders in this group could hit a 12-year low.
Potentially relevant tickers include SALT, SBLK, GOGL, SB, NM, DSX, GLBS, SHIP, SFL, DRYS, KEX, EGLE, NMM, SINO, GNK, NNA, PANL, SSW, GSL, SEA.
Notable earnings reports: Palo Alto Networks (NYSE:PANW) and Urban Outfitters (NASDAQ:URBN) on Nov. 20; Dollar Tree (NASDAQ:DLTR), Medtronic (NYSE:MDT), Lowe's (NYSE:LOW), HP (NYSE:HPQ), Eaton Vance (NYSE:EV), Salesforce.com (NYSE:CRM), GameStop (NYSE:GME) and Guess (NYSE:GES) on Nov. 21; John Deere (NYSE:DE) on Nov. 22
Lockup expirations: Smart Global (Pending:SGH), Nabriva Therapeutics (NASDAQ:NBRV), Iovance Biotherapeutics (NASDAQ:IOVA), Beacon Roofing Supply (NASDAQ:BECN) and Accleron Pharma (NASDAQ:XLRN) on Nov. 20; Appian (NASDAQ:APPN) and WideOpenWest (NYSE:WOW) on Nov. 21.
Quiet period expirations: National Vision (NASDAQ:EYE) and BP Midstream Partners (Pending:BPMP) on Nov. 20; ForeScout Technologies (NASDAQ:FSCT), Cargurus (NASDAQ:CARG), Restoration Robotics (Pending:HAIR) and Merchants Bancorp (NASDAQ:MBIN) on Nov. 21.
Analyst/investor day: **AxoGen (NASDAQ:AXGN) and Teladoc (NYSE:TDOC) on Nov. 20.
Monthly sales update: Raymond James Financial (NYSE:RJF) on Nov. 20.
**FDA watch: Johnson & Johnson (NYSE:JNJ) and Gilead Sciences (NASDAQ:GILD) are expected to find out if the NDA for Symtuza was accepted for review as a single tablet HIV regimen.
On the big screen: Warner Bros.' (NYSE:TWX) Justice League debuts to expectations of a $110M to $115M box office weekend. Liongate's (LGF.A, LGF.B) Wonder and Sony (NYSE:SNE)/Columbia's The Star also hit theaters, while Disney's (NYSE:DIS) Thor: Ragnarok is still thrashing around. Will the explosion of MoviePass (NASDAQ:HMNY) to over 600K subscribers provide a holiday period boost for Cinemark (NYSE:CNK), IMAX (NYSE:IMAX), Regal Entertainment (NYSE:RGC) and IMAX (IMAX)?
Black Friday: The biggest shopping day of the year is at the end of the week. Investors can ignore anecdotal reports of store traffic as the real story might be the sudden burst of sales momentum in the retail sector displayed by Wal-Mart (NYSE:WMT), Gap (NYSE:GPS), Abercrombie & Fitch (NYSE:ANF), Foot Locker (NYSE:FL) and Ross Stores (NASDAQ:ROST) among others amid rising consumer confidence. Data tracking firm Kensho reminds traders that retail stocks have outperformed all other sector for the two-week period around Black Friday and Cyber Monday.
M&A watch: Despite the holiday-shortened week, there's sure to be some more talk in the media sector about the potential pursuit of Fox's (NASDAQ:FOXA) film and TV assets by Sony (SNE), Comcast (NASDAQ:CMCSA) and Verizon (NYSE:VZ). Also watch for further developments with Barnes & Noble (NYSE:BKS), Charter Communications (NASDAQ:CHTR) and Time (NYSE:TIME) on top of the ongoing saga with the AT&T (NYSE:T)-Time Warner (TWX) merger.
Barron's mentions: IBM (NYSE:IBM) is called a bargain as the company looks to "strategic imperatives" for growth, while there's a puts strategy on GE (NYSE:GE) offered up by the publication. Though Tesla (NASDAQ:TSLA) dominated the EV news last week, it's Asian battery makers LG Chem (OTCPK:LGCLF, OTC:LGCEY), Samsung SDI (OTC:SSDIY) and Panasonic (OTCPK:PCRFY, OTCPK:PCRFF) that are seen as attractive with huge investments by Volkswagen (OTCPK:VLKAY), Toyota (NYSE:TM), Daimler (OTCPK:DDAIF), General Motors (NYSE:GM) and Ford (NYSE:F) cycling in.
Sources: EDGAR, Bloomberg, Nasdaq.com. Seeking Alpha
