#$chkp

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Check Point Software Technologies, Ticker: $CHKP

Check Point Software Technologies, $CHKP, comes into the week breaking resistance. The RSI is in the bullish zone with the MACD positive. Look for continuation to participate…..

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, comes into the week approaching resistance. It has a RSI rising through the midline with the MACD curling up but negative. Look for a push over resistance to participate…..

JB Hunt Transport Services, Ticker: $JBHT

JB Hunt Transport Services, $JBHT, comes into the week breaking resistance. The RSI is rising with the MACD, both approaching the bullish zone. Look for continuation to participate…..

Packaging Corporation of America, Ticker: $PKG

Packaging Corporation of America, $PKG, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

Teck Resources, Ticker: $TECK

Teck Resources, $TECK, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the September quad witching options expiration in the books and heading into next week’s FOMC meeting, saw equity markets had a weak close out after holding firm.

Elsewhere look for Gold to continue to consolidate under 2000 while Crude Oil continues the trend higher. The US Dollar Index continues to drift to the upside toward a break out while US Treasuries trend lower. The Shanghai Composite looks to continue the trend lower while Emerging Markets continue in broad consolidation.

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Advanced Micro Devices, Ticker: $AMD

Advanced Micro Devices, $AMD, comes into the week pressing up to resistance. It has a RSI rising into the bullish zone and a MACD positive and rising. Look for a push over resistance to participate…..

Check Point Software Technologies, Ticker: $CHKP

Check Point Software Technologies, $CHKP, comes into the week pressing up to resistance and the gap from April. The RSI is rising toward the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week at resistance. The RSI is poking into the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, comes into the week at support. It has a RSI turning lower with the MACD leveling and negative. Look for a break of support to participate…..

JB Hunt Transport Services, Ticker: $JBHT

JB Hunt Transport Services, $JBHT, comes into the week at resistance. It has a RSI rising toward the bullish zone with the MACD pushing positive. Look for a push over resistance to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the second week of June and the last week before the next FOMC meeting, saw equity markets take a breather, digesting the strong finish to the prior week.

Elsewhere look for Gold to pause in its short term move higher while Crude Oil drives towards a retest of the March highs. The US Dollar Index continues to hold just below resistance while US Treasuries move lower. The Shanghai Composite looks to continue the short term move higher while Emerging Markets continue their downtrend.

$CHKP 2018-10-24 : Transcripts- Edited Transcript of CHKP earnings conference call

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Q3 2018 Check Point Software Technologies Ltd Earnings Call

TEL AVIV-YAFO Oct 25, 2018 (Thomson StreetEvents) — Edited Transcript of Check Point…

#CHKP Earning declared EPS = 1.25 vs estimate= 1.36 for Q2/18 #sym #spy #earnings #markets

Earning released for CHKP: Actual EPS = 1.25 per share Estimate = 1.36 per share

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CHKP report:

The mean EPS over the last 16 releases is 1.1 per share. The current EPS at 1.25 per share is above the average EPS of the last 16 quarterly earning releases.

CHKP Stock Chart:

CHKP Scores:

CHKP Fundamental Score = Click…

$CHKP 2018-07-30 : Transcripts- CHKP Edited Transcript of CHKP earnings conference call

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Q2 2018 Check Point Software Technologies Ltd Earnings Call

TEL AVIV-YAFO Jul 31, 2018 (Thomson StreetEvents) — Edited Transcript of Check Point Software Technologies Ltd earnings conference call or presentation Wednesday, July 25, 2018 at…

Facebook (FB): Advertising remains the company's biggest source of revenue since going public at the turn of the decade. In the third quarter ad revenue jumped from $4.3 billion to $6.82 billion, marking a 60% change on a year over year basis. Much of the increase came on the back of a nearly 80% increase in mobile advertising, driven by 20% growth in Mobile DAUs and MAUs. As of September 1.79 billion users visited the Facebook platform on a monthly basis. In separate reports Facebook also indicated 1 billion monthly active users on Messenger and WhatsApp and 600 million on Instagram.

By opening up advertising revenue for the three other platforms, investors believe Facebook can add to its already robust top line. eMarketer estimates that ad revenue on Instagram could add $3.6 billion to total revenue by the end of 2017. Instagram's new stories, which essentially mimics SnapChat, should offset the growing threat that SnapChat poses in the social media space. In only 5 months since launch, initial report claim that 150 people use Instagram stories on a daily basis.

Facebook also started testing out a news feed style streams to Messenger’s 1 billion users. Additional efforts to monetize videos on the core Facebook platforms already appear to be doing well. The quick cooking videos that became popular during the quarter will help drive user growth and engagement moving forward.

As always, Facebook faces the serious threat of a slowdown. Any signs of weakness will surely hammer the stock in the coming days. Meanwhile, SnapChat’s IPO in the coming month and an unlikely Twitter turnaround might pose a problem for Facebook down the road. Facebook must also continue to address the idea of fake news and harassment that arose in the days following the recent election.

What are you expecting for FB? Get your estimate in here!

Best Buy (BBY): Like many of its peers, Best Buy became one of Amazon’s many victims on its path to the top. Consumers used Best Buy as a showroom for a purchase that ended up being made on Amazon, thereby causing financial performance to freefall in recent years. Despite a bleak looking future, Best Buy instilled new confidence in investors following two consecutive earnings reports. The company’s 5 point Renew Blue program achieved remarkable success over this time. It includes strengthening vendor relationships, renovating stores, eliminating unnecessary costs, increasing same store sales and ramping up Best Buy’s online business. Best Buy also uses deep discounts to compete with retail giants like Amazon and Walmart. While many of these initiatives provide some near term support that investors love, the long term sustainability remains unclear.

What are you expecting for BBY? Get your estimate in here!

NXP Semiconductors (NXPI): Chipmakers that support high growth markets made some of the biggest gains in 2016. One of those being NXPI Semiconductors which through the acquisition of Freescale Semiconductor became the largest automotive solutions provider, surpassing Wall Street favorites like Nvidia. But more importantly the company agreed to a sale to Qualcomm for a mere $47 billion. That deal now appears in limbo thanks to President Trump’s hardened stance on both China and massive mergers. Any insight on the deal during the call will impact how investors react tomorrow afternoon. Nonetheless, strong adoption rates for mobile products and the emergence of wearables provides layer of support to the top line.

What are you expecting for NXPI? Get your estimate in here!

Cirrus Logic (CRUS): Cirrus has the most to lose from weak iPhone sales. Apple is hands down the company’s largest customer, accounting for nearly two third of the company’s revenue as of the last report. That figure dropped considerably from previous quarters when it was closer to 80 percent. Cirrus maintains its commitment to diversifying its product portfolio and client base by investing in the audio segment and making acquisitions.

What are you expecting for CRUS? Get your estimate in here!

Symantec (SYMC): The growing threat of a cyber attack has many individuals and corporations on high alert. It also helps those companies providing digital protection like Symantec, FireEye and CheckPoint just to name a few. Symantec’s report tomorrow and forward guidance paints a picture of where cyber security sales will land throughout 2017. Analysts expect revenue from the security segment to contribute over 60% to the company’s total top line. Continued investments into new products with additional acquisitions provide a much needed level of support to financial performance.

What are you expecting for SYMC? Get your estimate in here!

International Business Machines (IBM): Cloud computing was one of the lone bright spots in the second quarter report. Cloud as a service revenue for the quarter increased 66% to $7.5 billion while overall cloud revenue edged higher by 44%. Analytics, mobile and security sectors made equally impressive strides, rising 16% from a year earlier. Cloud computing remains one of the most competitive markets though, with Amazon and Microsoft leading the charge. If IBM can’t establish a solid footprint in the space then its days are numbered.

IBM can unfortunately count on further declines in IT spending particularly in on-premise and data center hardware. Meanwhile volatile exchange rate fluctuations and intensifying competition in the industry pose additional headwinds to IBM’s legacy business.

IBM continues to make strategic acquisitions to offset some it losses and expedite the transition to the cloud. Many of these moves led to incremental revenue gains and a more favorable product portfolio. A strong balance sheet consisting of  robust cash flow provides IBM with the flexibility to pursue additional takeovers in a changing computing landscape.

What are you expecting for IBM? Get your estimate in here!

Skyworks Solutions (SWKS): Skyworks kicks off its fiscal 2017 by looking beyond its two major customers, Apple and Samsung, to drive quarterly results. Moving ahead, the company will be looking to Internet of Things to complement its growing presence in mobile. Its latest IoT application released last week provides additional support to a leg of the company that makes up 25% of total revenue. Whether its autonomous vehicles, smart homes, or routers, Skyworks plays an important role as long as mobile connectivity is involved.  

What are you expecting for SWKS? Get your estimate in here!

American Express (AXP): American Express topped earnings and revenue expectations in the past 3 quarters despite the perception of a weak spending environment and lost revenue from Costco. In the third quarter the company reported higher spending on recent marketing and promotional initiatives. Meanwhile improving credit quality and lower default rates resulting in a 5% decline in provisions for losses to $504 million. On the downside, co brand loans continue to experience declines with each passing quarter. Management responded to these losses by shifting its portfolio mix away from co-brand loans to non-cobrand card members. Tomorrow’s report, whether good or bad, also provides insight on the retail earnings in the coming weeks.

What are you expecting for AXP? Get your estimate in here!

Check Point Software (CHKP): Recent events in the news about Russia hacking the past election brought to light the growing need for cyber security. Both candidates indicates they would devote greater resources to the space to effectively fend of new digital threat. Many companies including Check Point capitalized on these ongoing promises by frequently updating and releasing cyber security products. Check Point, in particular, witnessed a surge in adoption rate and subscription rate that continues to support overall top line growth. In the third quarter subscription revenue came in at $99 million, making up nearly a quarter of the company’s total revenue for the period. That number will only continue to grow as the threat of a consequential digital attack increases.

What are you expecting for CHKP? Get your estimate in here!

Union Pacific Corporation (UNP): Railroads made some of the biggest gains in 2016 with Union Pacific, CSX and Kansas City Southern leading the way. Union Pacific, in particularly, hit its stride after the election amid speculation that Trump would revive the coal industry. UNP currently generates a large portion of revenue from coal so any possibility that coal comes roaring back would prove beneficial for top line growth. Otherwise, financial performance has been lackluster in recent quarters. Earnings and revenue plummeted in the recent years due to overall weakness in the industrial sector and coal regulations laid down by Obama. The Estimize consensus data points to a small comeback tomorrow with earnings forecasted to rise by 3% and sales down a marginal 1%.

What are you expecting for UNP? Get your estimate in here!