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Week of Sun November 6, 2022 |
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This Week at SparkTrade:
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The S&P 500 lost 3.35% this week despite the Friday’s late recovery. The Fed raised its main policy rate by 75 basis points for a fourth time; Powell indicated that authorities may minimize future rises, but also noted that the terminal rate may “ultimately climb to greater levels” than projected. After the Fed chief’s remarks, the S&P 500 (SP500) fell 2.5% on Wednesday. |
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Through the week, strong labor market statistics impacted on sentiment. September job opportunities surged unexpectedly, the October ADP employment data was greater than expected, and weekly jobless claims declined. Friday’s much-anticipated October nonfarm payrolls statistics revealed robust job growth and an increase in average hourly wages, but unemployment rose. |
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Pfizer, Amgen, Eli Lilly, PayPal, Starbucks, Uber, and Warner Bros. Discovery reported quarterly earnings this week. |
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On October 17, COHU (Cohu Inc.) was trading at 26.50. SparkTrade.io’s LONG PREDICTION INDEX for COHU was 92. By November 4, COHU’s price increased to $33.55 creating a 26.6% profit for long buyers. |
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On October 17, AMAT (Applied Materials Inc.) was trading at 74.41. SparkTrade.io’s LONG PREDICTION INDEX for AMAT was 92. By November 4, AMAT’s price increased to $91.70 creating a 23.2% profit for long buyers. |
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On November 2, TGLS (Tecnoglass Inc.) was trading at 19.90. SparkTrade.io’s LONG PREDICTION INDEX for AMAT was 98. By November 4, TGLS’s price increased to $23.86 creating a 19.9% profit for long buyers. |
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On October 17, WOW (WideOpenWest,Inc.) was trading at $13.64. SparkTrade.io’s SHORT PREDICTION INDEX for WOW was 89. By November 4, WOW’s price fell to $10.37 creating a 24% profit for short sellers. |
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On September 28, SAVA (Cassava Sciences, Inc.) was trading at $43.84. SparkTrade.io’s SHORT PREDICTION INDEX for SAVA was 97. By November 3, SAVA’s price fell to $34.21 creating a 22% profit for short sellers. |
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This Sunday’s Top 20 Predictions:
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| Long Predictions This Week |
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PERI – PERION NETWORK LTD (Score = 100) |
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RSG – REPUBLIC SERVICES INC (Score = 99) |
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SNPS – SYNOPSYS INC (Score = 97) |
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ESLT – ELBIT SYSTEMS LTD (Score = 96) |
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FWONA – LIBERTY MEDIA CORP (Score = 95) |
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WM – WASTE MANAGEMENT INC (Score = 95) |
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CDNS – CADENCE DESIGN SYSTEMS INC (Score = 93) |
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EBIX – EBIX INC (Score = 93) |
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INVA – INNOVIVA INC (Score = 93) |
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LOW – LOWES COMPANIES INC (Score = 92) |
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DSGX – DESCARTES SYSTEMS GROUP INC (Score = 92) |
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SWIR – SIERRA WIRELESS INC (Score = 92) |
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BPOP – POPULAR INC (Score = 92) |
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PRFT – PERFICIENT INC (Score = 91) |
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SPSC – SPS COMMERCE INC (Score = 91) |
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WES – WESTERN MIDSTREAM PARTNERS LP (Score = 91) |
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M – MACY’S INC (Score = 91) |
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SIVB – SVB FINANCIAL GROUP (Score = 90) |
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CMG – CHIPOTLE MEXICAN GRILL INC (Score = 90) |
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CRTO – CRITEO SA (Score = 90) |
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| Short Predictions This Week |
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VIAV – VIAVI SOLUTIONS INC (Score = 100) |
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FCX – FREEPORT-MCMORAN INC (Score = 94) |
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SCCO – SOUTHERN COPPER CORP (Score = 93) |
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AUY – YAMANA GOLD INC (Score = 92) |
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VRRM – VERRA MOBILITY CORP (Score = 90) |
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REZI – RESIDEO TECHNOLOGIES INC (Score = 90) |
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HBNC – HORIZON BANCORP INC (Score = 89) |
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TDS – TELEPHONE & DATA SYSTEMS INC (Score = 89) |
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LGND – LIGAND PHARMACEUTICALS INC (Score = 87) |
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HZNP – HORIZON THERAPEUTICS PUBLIC LTD CO (Score = 87) |
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TCX – TUCOWS INC (Score = 87) |
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WMS – ADVANCED DRAINAGE SYSTEMS INC (Score = 86) |
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ACLS – AXCELIS TECHNOLOGIES INC (Score = 86) |
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IIPR – INNOVATIVE INDUSTRIAL PROPERTIES INC (Score = 86) |
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GBX – GREENBRIER COMPANIES INC (Score = 85) |
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USM – UNITED STATES CELLULAR CORP (Score = 85) |
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TRS – TRIMAS CORP (Score = 84) |
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HAL – HALLIBURTON CO (Score = 84) |
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OR – OSISKO GOLD ROYALTIES LTD (Score = 84) |
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ZTO – ZTO EXPRESS (CAYMAN) INC (Score = 83) |
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Last Sunday’s Top 20 Predictions:
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| Long Predictions Last Week |
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FWONA – LIBERTY MEDIA CORP (Score = 100) |
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EPD – ENTERPRISE PRODUCTS PARTNERS LP (Score = 93) |
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AXGN – AXOGEN INC (Score = 93) |
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AGRO – ADECOAGRO SA (Score = 93) |
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WM – WASTE MANAGEMENT INC (Score = 92) |
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KNOP – KNOT OFFSHORE PARTNERS LP (Score = 92) |
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TSM – TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (Score = 92) |
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GNK – GENCO SHIPPING & TRADING LTD (Score = 90) |
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FHB – FIRST HAWAIIAN INC (Score = 90) |
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TGNA – TEGNA INC (Score = 90) |
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RSG – REPUBLIC SERVICES INC (Score = 89) |
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CALM – CAL-MAINE FOODS INC (Score = 89) |
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MAT – MATTEL INC (Score = 88) |
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PEN – PENUMBRA INC (Score = 88) |
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FOXA – FOX CORP (Score = 88) |
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TIGO – MILLICOM INTERNATIONAL CELLULAR SA (Score = 87) |
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UAN – CVR PARTNERS LP (Score = 87) |
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DSKE – DASEKE INC (Score = 87) |
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BKI – BLACK KNIGHT INC (Score = 86) |
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AVTR – AVANTOR INC (Score = 86) |
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| Short Predictions Last Week |
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HBNC – HORIZON BANCORP INC (Score = 100) |
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LMAT – LEMAITRE VASCULAR INC (Score = 86) |
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GBX – GREENBRIER COMPANIES INC (Score = 85) |
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DVA – DAVITA INC (Score = 83) |
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ZTO – ZTO EXPRESS (CAYMAN) INC (Score = 82) |
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HAL – HALLIBURTON CO (Score = 82) |
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IIPR – INNOVATIVE INDUSTRIAL PROPERTIES INC (Score = 80) |
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ARI – APOLLO COMMERCIAL REAL ESTATE FINANCE INC (Score = 78) |
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SITE – SITEONE LANDSCAPE SUPPLY INC (Score = 78) |
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RES – RPC INC (Score = 78) |
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WHD – CACTUS INC (Score = 78) |
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ICLR – ICON PLC (Score = 78) |
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PLYM – PLYMOUTH INDUSTRIAL REIT INC (Score = 77) |
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OOMA – OOMA INC (Score = 77) |
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FCN – FTI CONSULTING INC (Score = 77) |
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OMF – ONEMAIN HOLDINGS INC (Score = 77) |
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UFCS – UNITED FIRE GROUP INC (Score = 76) |
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SBOW – SILVERBOW RESOURCES INC (Score = 76) |
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SMPL – SIMPLY GOOD FOODS CO (Score = 76) |
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IQV – IQVIA HOLDINGS INC (Score = 76) |
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Index Returns:
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Price |
+/- This Week Perf |
YTD Perf |
DJIA
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$32403.22 |
-0.84% |
-11.43% |
S&P 500
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$3770.55 |
-2.75% |
-21.39% |
Nasdaq
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$10475.25 |
-5.00% |
-33.84% |
Gold
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$1680.54 |
2.26% |
-6.68% |
Crude Oil
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$92.61 |
4.54% |
22.10% |
Bitcoin
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$21213.32 |
3.57% |
-55.16% |
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Sector Returns:
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Follow Us @SparkTradeio
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@SPARKTRADEio |
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| SHORT: The top three companies in Basic Materials most likely to depreciate in price over the next 90 days, according to our Prediction Index:
$FCX -> Prediction Index score of 94
$SCCO -> Prediction Index score of 93
$AUY -> Prediction Index score of 92
#markets |
| Read More |
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@SPARKTRADEio |
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| SHORT: The top three companies in Healthcare most likely to depreciate in price over the next 90 days, according to our Prediction Index:
$LGND -> Prediction Index score of 87
$HZNP -> Prediction Index score of 87
$LMAT -> Prediction Index score of 83
#trading |
| Read More |
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@SPARKTRADEio |
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| SHORT: The top three companies in Consumer Cyclical most likely to depreciate in price over the next 90 days, according to our Prediction Index:
$DPZ -> Prediction Index score of 80
$FTDR -> Prediction Index score of 79
$FOXF -> Prediction Index score of 78 |
| Read More |
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@SPARKTRADEio |
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| SHORT: The top three companies in Financial Services most likely to depreciate in price over the next 90 days, according to our Prediction Index:
$HBNC -> Prediction Index score of 89
$LNC -> Prediction Index score of 79
$BSIG -> Prediction Index score of 79 |
| Read More |
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