Happy New Year from the Key Stocks to Watch team at Quad 7 Capital! As we close 2017, we are reflecting on a banner year. It was indeed one full of memories made and profits gained. First, it was a stellar year for the Dow (+25%), S&P 500 Index (+20%) and Nasdaq (+28%). It was also an absolutely spectacular year, and some would call it a bubble year, for cryptocurrencies Bitcoin (+1395%), Ethereum (+8879%) and Litecoin (+5347%)?. Not to mention, Ripple moved into the number two spot, and IOTA has quickly become a key contender in the space.
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Let us not forget commodities.WTI crude oil futures ended the year up 43% from the 2017 low and gold capped off the year 15% above its low, while silver was up 11% and natural gas is still in a bear market. That all said, lets discuss our stocks to watch next week and our holiday gifts for you.
Happy Holiday Gifts
Pay special attention to our coverage on cryptocurrency below, and our holiday offer for $10 in free bitcoin with new Coinbase accounts. In addition, you you have not joined the robin hood app previously you can get a free share of Apple, Ford, or more simply by installing the app for FREE. Happy Holidays (click here for your free stock).
Key Earnings Reports
It has been a little light lately on earnings, but next week a few critical reports are due and as such are key stocks to watch this week. Hre is what we are watching: Rite Aid (NYSE:RAD), Resources Connection (NASDAQ:RECN), MISTRAS Group (NYSE:MG) and Commercial Metals (NYSE:CMC) on Jan. 3; Walgreens Boots Alliance (NASDAQ:WBA), Sonic (NASDAQ:SONC), Monsanto (NYSE:MON) and Pricesmart (NASDAQ:PSMT) on Jan. 4; Constellation Brands (NYSE:STZ), Cal-Maine Foods (NASDAQ:CALM) and Greenbrier (NYSE:GBX) on Jan. 5. We are closely watching the latter two companies.
We have closely watched auto sales all year. We have seen major moves from General Motors (NYSE:GM) this year, among others. However, sales are questionable in the U.S. Kelley Blue Book expects U.S. auto sales to fall 7% in December to 1.57M units as the industry bumps up against a tough incentives-driven comparable from a year ago. Forecast by automaker – General Motors (NYSE:GM) -7.9% to 294K, Ford (NYSE:F) -2.4% to 232K, Toyota (NYSE:TM) -9.6% to 220K, Fiat Chrysler (NYSE:FCAU) -11.7% to 170K, Honda (NYSE:HMC) -5.3% to 152K, Nissan (OTCPK:NSANY) -5.7% to 144K, Hyundai (OTCPK:HYMLF) -9.1% to 106K, Subaru (OTCPK:FUJHY) -6.6% to 59K, Volkswagen (OTCPK:VLKAY) -10.8% to 57.5K. An update from Tesla (NASDAQ:TSLA) on Q4 deliveries is also due next week. The consensus estimate stands at 5.2K Model 3 deliveries and 26.6K Model S/X deliveries.
Always pay attention to quiet period expirations as well as share lockup expirations. They can move stocks and as such are key stocks to watch next week. We have lockup expirations in Sage Therapeutics (NASDAQ:SAGE),Paramount Gold Nevada (NYSEMKT:PZG), Zogenix (NASDAQ:ZGNX), Intellia Therapeutics (NASDAQ:NTLA), NewLink Genetics (NASDAQ:NLNK) and Strongbridge Biopharma (NASDAQ:SBBP) on Jan. 2; CareDX (NASDAQ:CDNA), Rigel Pharmaceuticals (NASDAQ:RIGL), Tronox (NYSE:TROX) and US Gold (NASDAQ:USAU) on Jan. 3; Globalstar (NASDAQ:GSAT), ImmunoGen (NASDAQ:IMGN), Orion Engineered Carbons (NYSE:OEC) and Performance Food Group (NYSE:PFGC) on Jan. 4; Editas Medicine (NASDAQ:EDIT) and Black Knight (NYSE:BKI) on Jan. 5.
On January 4th there is a Goldman Sachs conference where a number of prominent CEOs in the healthcare industry will speak. Notable key stocks to watch next week include Eli Lilly (NYSE:LLY), Boston Scientific (NYSE:BSX), Humana (NYSE:HUM), Mylan (NASDAQ:MYL), AbbVie (NYSE:ABBV) and Alexion Pharmaceuticals (NASDAQ:ALXN). All of these companies will be speaking at the event and can provide us clues regarding the future direction of the companies. Be sure to watch these stocks.
We have recommended the gambling stocks as strong buys in 2017, and with gaming revenue in Macau expected to have increased 20% in December, there are key stocks to watch next week when the report comes out. A positive result would mark the 17th straight month of positive growth. We previously covered last months blowout numbers. Estimates from analysts range from +13% to +25% to add some mystery to the upcoming report from the Macau Gaming Inspection & Coordination Bureau. The VIP segment continues to recover in the region, although some channel checks show a lower than normal hold rate for December. Expect some trading action with Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY) and Melco Resorts & Entertainment (NASDAQ:MLCO) after the revenue numbers post. The VanEck Vectors Gaming ETF (NYSEARCA:BJK) could also see some movement.
There are several key sales reports due from retailers, and as such they are key stocks to watch this week. Costco (NASDAQ:COST) and perhaps Macy’s (NYSE:M) on Jan. 3; Buckle (NYSE:BKE), Cato (NYSE:CATO) and L Brands (NYSE:LB) on Jan. 4; perhaps J.C. Penney (NYSE:JCP) on Jan. 5.
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