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TradersCom
May 23, 2017, 09:21:00 AM by TradersCom
Views: 321 | Comments: 3

New home sales came in much lower than expected in April with 569K against 610K expected. Prior sales were revised up however to 642K from 621K.  A huge miss that at first sight the market will take as an outlier given the phase with wanton bullishness.

Highlights
New home sales 569K vs 610K expected Prior 621K (revised to 642K)
Supply at 5.7 months vs 4.9 in March
Single family sales pace 0.569m vs 0.610m expected Prior 0.642m
Single family sales -11.4% vs +5.8% in March
Median sale price $309,200 vs $321,300 prior
Homes for sale 0.268m vs 0.264m prior
 
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ThePitBoss
May 23, 2017, 08:54:25 AM by ThePitBoss
Views: 292 | Comments: 4

Take Two Interactive Software (TTWO) reported solid Q4 earnings that sent the stock up over 8% before markets opened. Net revenue soared 52 percent to $571.6 million with earnings of $0.89 per share. The iconic GTA franchise continues to dominate, Grand Theft Auto V" boosted total bookings up 14% to $370.6MM.

Earnings
Earnings $0.89 per diluted share vs. $0.48 a share on net revenue of $571.6MM Net income of the Rockstar Games parent more than doubled to $99.3MM from last year's $46.4MM. 

ReactionTake Two Interactive Software Nasdaq $TTWO 75.12 +6.08 (+8.81%)
 
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ThePitBoss
May 23, 2017, 08:20:22 AM by ThePitBoss
Views: 175 | Comments: 0

Homebuilder Toll Brothers (TOL) reported better than expected fiscal second-quarter earnings before the market opened Tuesday. $TOL said the strong demand in "affordable" luxury homes gave them an added boost. Toll delivered 1,638 units, up 22% in dollars and 26% in units, compared to FY 2016's second quarter. The average price of homes delivered was $832,400, compared to $855,500 one year ago.

Earnings EPS up 43% to 72 cents with revenue up 22.2% to $1.36 billion ahead of consensus 63 cents EPS on  sales of $1.27 billion.

Reaction Toll Brothers Inc NYSE: TOL  Pre-market: 39.00 +0.97 (+2.55%)

 
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ThePitBoss
May 22, 2017, 06:18:53 PM by ThePitBoss
Views: 251 | Comments: 4

Earnings Season kicks off for Canada's Banks on Wednesday with the Bank of Montreal (BMO). On Thursday  Royal Bank, TD Bank and CIBC  all report. Scotiabank will report May 30. Investors will be looking at four things, how much the banks have benefited  from rising U.S. interest rates, the credit situation from the oilpatch and the housing market and consumer debt pressures.

This follows ratings agency Moody's having downgraded the credit ratings for Canada's major banks earlier this month. They cited the vulnerability of lenders to potential losses to the high house prices. There is much angst with the Canadian mortgage market, the forward guidance is critical for investor confidence from the banks. 
 
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ThePitBoss
May 22, 2017, 03:38:54 PM by ThePitBoss
Views: 373 | Comments: 5

Calls on May 24, 2017 Before Open
ADVANCE AUTO PT  AAP    Before Open   N/A   2.12   N/A
CELLCOM ISRAEL  CEL    Before Open   N/A   N/A   N/A
CHICOS FAS INC  CHS    Before Open   N/A   0.29   N/A
DYCOM INDS  DY    Before Open   N/A   1.20   N/A

EATON VANCE  EV    Before Open   N/A   0.59   N/A
GOLDEN OCEAN GP  GOGL    Before Open   N/A   -0.14   N/A
HOEGH LNG PTNRS  HMLP    Before Open   N/A   0.41   N/A
JA SOLAR HOLDGS  JASO    Before Open   N/A   -0.02   N/A
KLX INC  KLXI    Before Open   N/A   0.30   N/A
 
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Economic Calendar
Monday, May 29, 2017
China - Dragon Boat Festival
United States - Memorial Day
United Kingdom - Bank Holiday
     NZD      Building Consents (MoM) (Apr)
     JPY      Household Spending (Apr)
     JPY      Jobs/applications ratio (Apr)
     JPY      Retail Sales (YoY) (Apr)
     AUD      Building Approvals (MoM) (Apr)
Tuesday, May 30, 2017
         China - Dragon Boat Festival
     EUR      French GDP (QoQ) (Q1)
     EUR      French Consumer Spending (MoM) (Apr)
     EUR      Spanish CPI (YoY) (May)
     EUR      Spanish HICP (YoY) (May)
     EUR      German CPI (MoM) (May)
     USD      Core PCE Price Index (Apr)
     USD      Personal Spending (MoM) (Apr)
     CAD      Current Account (Q1)
     CAD      RMPI (MoM) (Apr)
     USD      S&P/CS HPI Composite - 20 n.s.a. (YoY) (Mar)
     USD      CB Consumer Confidence (May)
     JPY      Industrial Production (MoM) (Apr)
     CNY      Manufacturing PMI (May)
     CNY      Non-Manufacturing PMI (May)
     NZD      ANZ Business Confidence (May)
     AUD      Private Sector Credit (MoM) (Apr)
Wednesday, May 31, 2017
     EUR      German Retail Sales (MoM) (Apr)
     EUR      German Unemployment (May)
     EUR      Italian CPI (MoM) (May)
     EUR      CPI (YoY) (May)
     EUR      Unemployment Rate (Apr)
     CAD      GDP (QoQ) (Q1)
     CAD      GDP (MoM) (Mar)
     CAD      GDP Annualized (QoQ) (Q1)
     USD      Chicago PMI (May)
     USD      Pending Home Sales (MoM) (Apr)
     BRL      Interest Rate Decision
     KRW      CPI (YoY) (May)
     AUD      AIG Manufacturing Index (May)
     JPY      Capital Spending (YoY) (Q1)
     AUD      Private New Capital Expenditure (QoQ) (Q1)
     AUD      Retail Sales (MoM) (Apr)
     CNY      Caixin Manufacturing PMI (May)
Thursday, June 1, 2017
     EUR      Spanish Manufacturing PMI (May)
     EUR      Italian Manufacturing PMI (May)
     EUR      French Manufacturing PMI (May)
     EUR      German Manufacturing PMI (May)
     EUR      Manufacturing PMI (May)
     GBP      Manufacturing PMI (May)
     BRL      GDP  (Q1)
     USD      ADP Nonfarm Employment Change (May)
     USD      Manufacturing PMI (May)
     USD      ISM Manufacturing Employment (May)
     USD      ISM Manufacturing PMI (May)
     AUD      HIA New Home Sales (MoM) (Apr)
Friday, June 2, 2017
     GBP      Construction PMI (May)
     BRL      IPC-Fipe Inflation Index (MoM) (May)
     BRL      Industrial Production (YoY) (Apr)
     USD      Average Hourly Earnings (MoM) (May)
     USD      Nonfarm Payrolls (May)
     USD      Participation Rate (May)
     USD      Private Nonfarm Payrolls (May)
     USD      Trade Balance (Apr)
     USD      Unemployment Rate (May)
     CAD      Labor Productivity (QoQ) (Q1)
     CAD      Trade Balance (Apr)