 The following is a presentation of TFNN. The morning market kickoff with your host Tommy O'Brien. Good morning everybody I'm Tommy O'Brien coming to you live from TFNN 8.30 a.m. Tuesday morning 60 minutes to go into the opening bell we got a mixed market to start things off we get some retail earnings this morning Walmart crushing it out of the park and trading higher right now in the indices we get the Dow futures negative by 68 points 24,000 439 S&P negative by about 10 trading at 2937 we had been dramatically higher overnight before pulling back Nasdaq futures up 1.9326 9326 oil up about 57 cents at 3239 and as we get into gold gold right now up about a dollar to 1735 and silver negative two pennies at 1744 looking at a 10 year yield of 0.7 3% that's up from about 0.6 0% just on Friday we'll start things off let's jump over to the charts we'll start it off with the Dow all the markets at highs between about 2 and 3 a.m. Eastern time this morning you have the Dow up there about 300 points higher than where we're trading at right now Dow is at 24,738 currently trading 24,446 Nasdaq 100 we were up above 9400 at one point currently trading 9329 there's your S&P 500 S&P's reaching a high of 2975 I mean you're talking about quite an acceleration doesn't look like it on this chart just because the swings we've been having but man oh man you get up there 2975 at 245 and by the time you're at 430 an hour and 45 minutes later you're at 2932 again you're talking about what is that 43 S&P points in the span of about an hour and a half last night we've been just hanging around at those levels since about 4 a.m. Eastern time crude oil with some volatility almost made it to $33 again at 7 last night reached a low approaching $31 at 3115 currently right near 32 at 3189 there's your gold contract we have to sell off yesterday and we've just been hanging out at these price levels since about 11 a.m. Eastern time yesterday morning you see gold with the lower bound at about 1730 the upper bound at about 1740 and gold right in the middle of 1735 and the euro US dollar quite a day yesterday extending those gains I mean you have the euro at 108 to the dollar and we made it all the way up to almost 110 folks at 7 a.m. This morning currently trading at 109 45 in terms of earnings maybe the biggest of them all Amazon the biggest of them all I always look for but how about Walmart Walmart crushing it out of the park Walmart Walmart's e-commerce sales grew by 74% and its same store sales jumped by 10% do you hear that same store sales for a company like Walmart jumped 10% in the first quarter they withdrew their financial outlook for the year saying the coronavirus pandemic has created unprecedented variability the company hired 200,000 additional employees to clean stores stock shelves and fulfill online orders during the pandemic and to get into it they're going to be phasing out jet.com they bought that with 3 billion in 2016 but they've been phasing that company's technology into the online growth of Walmart.com and just a huge number and there it is earnings per share a dollar 18 adjusted revenue 134 billion dollars in 90 days not bad right net income almost 4 billion dollars 3.99 billion that's with hiring right 200,000 workers but just crushing it out of the park analysts were expecting a dollar 12 they made a dollar 18 total revenue grew 8.6% to 134 billion from 123 billion a year prior I mean they added almost 11 billion dollars in that 90 day period just first what they did in 2019 you see the e-commerce sales growth things had waned a bit obviously spiking higher 74% same store sales just out of the park 10% annual growth huge numbers there for Walmart one of the things they were talking about is that they're selling a lot more of low margin items right toilet paper household items etc. So maybe pressing on their margins a bit but guess what that don't matter up to 133.91 you're talking about more than $6 higher at one point we've given back some you still have Walmart trading up more than $4 pre-market at 131.75 that's transitioning over to target as well you see that those shares trading higher at 128.10 currently trading at 127.06 no earnings yet for target I believe they're out later this week as well but why not we'll jump to this story since it's hitting at 8.30 love doing the program at 8.30 we get a lot of economic numbers U.S. housing starts dropped to 891,000 in April number they were looking for was 927,000 that number just hitting a month earlier you were at 1.216 million keeping with the earnings how about Home Depot it's a big one as well Home Depot sales rise 7% but higher coronavirus related cost drag down earnings that's a similar story to what we saw with Amazon right beat on revenue the earnings rent in terms of what they're going to spend similar deal with Home Depot sales were stronger than expected sales at stores open at least 12 months same store sales as they call it 6.4% quite a number for Home Depot Home Depot net income fell 10.7% to 2.25 billion or 208 a share compared to 2.51 billion a year ago I mean that's not that bad man they made a they made 2.25 billion a year ago they made 2.5 billion this year in that quarter and they made 2.5 billion last year with everything going on growing the sales they did revenue for the quarter rose 7.1% to 28.26 billion from 26.38 a year ago Home Depot shares on that news you see the spike initially on the earnings worry down all the way to 232 but the market regaining some composure we're now down only about $3 from 245 you got a bid ask right above 242 on Home Depot Coles out with their earnings as well will jump to the numbers but there's their stock pretty pretty close to where they closed yesterday you see the volatility on the earnings that number coming in at $1.65 loss for excuse me $3.20 loss big loss we're gonna the numbers versus $1.65 the trades up to 1979 but just like that we're pretty much back to where we were Coles the next article I had ready up there so you have Coles tanks sales tank almost 44% this is where it gets remarkable right you have a company Walmart same store sales 10% Home Depot same store sales 6.4% Coles sales decrease 44% now the company said it's not reporting same store sales results due to a lot of their stores being closed actually there's the numbers earnings of $3.20 they were looking for $1.65 or something like that net sales fell to 2.16 billion they almost had sales of $4 billion a year ago and here's the key here for Coles which I think they're not even getting punished as as harshly as they probably should be the retailer reported a net loss of $541 million or $350 a share compared to make it $60 million a year ago but in terms of how much cash they have on hand the company ended the quarter with $2 billion in cash and $500 million in its revolving credit facility their gross margins during the period fell to 17% so you have sales decreasing dramatically you have a loss of $541 million for the quarter they only have $2 billion in cash if you lose it $541 million in 90 days you better stem that loss quickly as things rebound but Coles pretty muted almost flat opening on the open stay tuned folks lots of more action to cover as we come back from the rake we'll be right back Larry Pezzavento is hosting a special event Thursday May 21st from 9 a.m. until 4 p.m. Eastern Time trade what you see a live trading event for the first time in over 10 years Larry will host a live event where you'll watch over his shoulders he trades the markets live you'll see how he organizes his trading day the times most likely to generate a signal what outside information he ignores and more importantly what he does not ignore and much more Larry will trade the markets in real time including the euro-us dollar pound dollar dollar yen the Dow and e-mini SMP crude oil gold treasury bonds wheat and soybeans and more when you sign up you get a month of his daily newsletter Fibonacci 24 seven included for all the details on Larry Pezzavento's live trading event on 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TFNN.com then hit watch Tiger TV for the latest to market information welcome back folks we get the S&P is negative by about eight NASDAQ 100 positive by eight and the Dow negative by 46 points right now Dow trading 24,461 the S&P sitting right at 2940 interesting enough you put the S&P's on the daily you back it up to where we were in terms the highs on February 20th of 3397 for some context on Fibonacci numbers here in terms of where we are in the bounce back in the S&P's down to a low of 2174 I mean remarkable 3400 to below 2200 and as you can see we're now above the 618 we were flirting with that number basically we touched that number back in late April we climbed into above the 50% range from the first time as recent as far back as April 9th remarkable right that we clawed back 50% of the losses by April 9th and we're approaching six weeks after that date we're 2941 though the 618 was about 2930 jumping from Fibonacci right to the King of Fibonacci's Larry Pezzavento he's gonna be in there two days from right now folks check it out should be a great webinar live trading event all day from 9 a.m. till 4 p.m. Larry's gonna be in there from 9 till noon he'll take a break for lunch 1 till 4 trading the market live going over how he looks at the market watching over his shoulder how he organizes the day when he's trading what he's looking for what he ignores what he does not ignore ignore and then he goes over everything that he's calculating in there for those trades and factoring into decisions that he's looking at whether it's currencies whether it's the indices Dow E mini S&P commodities crude oil gold whatever it is folks if it's got a charting pattern Larry Pezzavento probably trades it should be a great event two days from right now check it out you also gain a month of Fibonacci 24 7 that's a hundred dollar value price to attend $395 and that will be archived you'll be able to watch that as many times as you'd like six hours of trading should be an exciting day in there and we're coming into Monday we get a holiday so Thursday should be a good day of action before things calm down on Friday check it out on the front page of TFN and get in there with Larry Pezzavento jumping back to equities with action Moderna so Moderna was huge yesterday of course the vaccine news hitting the market at 7 30 a.m. accelerating the indices to even higher prices than they were already coming in at and what does don't Moderna decide to do you know it we're gonna sell some shares with all this acceleration we're gonna raise 1.34 billion dollars so they price this there we go 17.6 million shares at $76 each that was about a 5% discount to where the stock closed at yesterday MRNA I mean there's I mean look at that right you begin at about 20 bucks back in late February and it's been a one-way trip basically we've had some retracements but the real pop yesterday on the news of one of the first phases of their vaccine trial and to zoom in closer there's the pop on their news at 7 30 in the morning there's the trading day and I'm guessing this is when the news hits that they're going to do a second secondary offering down to $76 you see a trading off about $4 almost at that $76 price point they're gonna be using these funds to facilitate the production and the effort to develop that vaccine so they're raising money then pulling back in a bit terms of what else we have going on I'm always talking about Disney they've had some volatility recently probably not the news you want to hear as a Disney owner or shareholder or bull though as they lose one of their top guys tick tock nabs Disney streaming boss streaming seems to be the future for Disney but guess what this guy was in line to potentially be the CEO and replace Iger he didn't get that job and he is out of there so tick tock nabs Disney streaming us to be its new CEO Kevin mayor said to be tick tock's chief executive tick tock pretty big app out there it's a Chinese app big with the kids short whether I don't know how many seconds it is whether it's 10 20 second video clips media ask app but very very popular with younger kids mayor earned a reputation as one of Disney's best deal makers and worked on company acquisitions this is quite a list of Pixar Lucasfilm Marvel and online video company bam to me you can't go bigger than that right so he was widely considered one of the top candidates to replace Iger who stepped down in February is the CEO of Disney Disney's former head of parks Bob Chappick succeeded Iger as CEO a lot of talk when that happened saying parks are not the future of this company and you're putting the guy in front and charge of parks but guess what I'm sure hopefully they're all brilliant men at that level of the the executive offices the the sea the sea suites in Disney so Kevin mayor said to become tick tock's chief executive tick tock announced on Monday so it works actually he will serve as the chief operating officer of bite dance the Chinese company that owns tick tock effective June 1st so to see how Disney was reacting to that a bit Disney shares quite a couple days when you're talking about Disney we talked about it on the show yesterday with Tom at 10 o'clock you went from under 100 to almost 120 you're up 20% just from Thursday morning to Monday morning now some of those have paired a bit actually see the drop that was on the news that they were losing their streaming boss we went from almost 117 down to a spike low of 114 39 we're up more than $1 from that level right now but there you see it what else we got happening folks check out our YouTube channel want to say hello I see we got a Mac Koopa in there Pat Stone our man Earl Warren in there straight up heavy maybe so check it out folks we're always watching the YouTube comments we appreciate everybody talking in their fielding questions we have a nice group of people interacting all day trading the markets and want to give a shout out to them on the YouTube comments you can always just either head to YouTube search TFN and live subscribe to our channel you get all the updates immediately and you can always watch everything we do in terms of archive programs are available over there as well so check it out terms other headlines we have going on stocks making moves Southwest Airlines in a SEC filing the airline said it's May operating revenue down 85 to 90% from a year ago with June operating revenue down 80 to 85 I think what might be given a little pop though it's seeing a modest improvement in passenger demand and bookings pretty remarkable you can come up with these types of statistics but you add this last sentence in there and check out what that does to your shares folks how about you trade dramatically higher from 27 to 2825 on Southwest shares telling the world that they're going to be dropping 80 to 90% for May and June but if things are starting to come back maybe that's all the market needed to hear because guess what for some context that's an acceleration we're gonna open at 28 we're down from 58 on love shares JC penny so JC penny go BK and who's gonna maybe pick them up how about Amazon is said to be eyeing all or part of the bankrupt retailer according to a woman's where Daily Report not sure the that but either way pretty remarkable interesting nonetheless by do reported better than expected earnings and revenue for the quarter while the Chinese search engine giant also said to give an upbeat current quarter revenue forecast as China based businesses reopen after strict lockdowns by do BIDU quite a pop for those shares this morning we're gonna open now check up what what happened there I lost something hold on let me let me get this back up there my my screens reacting a little bit we're gonna pull this over here not sure what that was that was a little let's pull this guy back I'll pull it up after the break maybe maybe I'll before by do trading dramatically higher there we go to about 117 today on their earnings numbers from 90 last Thursday stay tuned folks will become back to finish up the program wrap things up we'll be right back in three minutes stay tuned I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers is share if you're looking to become the best of the best when it comes to managing your money let me teach you to do most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that is transforming into one of the best at what I do sign up 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Welcome back folks markets pretty much where they were when we started the program S&P is negative by six you got the NASDAQ positive by 10 Dow negative by 24 so edging up a bit on the Dow Boeing quite a day yesterday for Boeing charging from about 120 to a high of 137 check out that move from even 113 89 yet Delta talking about to pull up their shares Delta will pull their headline by talking about that they're going to remain at 60% capacity through July in the cabin 50% in first class from 21 86 up to 22 85 we're at 1751 last week on Delta just make sure my chart we'll get that up and a couple other headlines I want to cover before the day advanced auto parts earned 91 cents a share they missed a dollar 73 revenue also below forecast comp store sales falling greater than expected 9.3% but talk about a low bar on earnings folks because check out this chart advanced auto parts trading from 130 up to 141 on that news T mobile in the news as well as soft bank going to be exiting their position T mobile trading from 102 down to 98 51 on that news and I wanted to get T mobile news Japan soft bank exiting and we also had Delta so Delta is going to keep their jets no more than 60% full through at least July Delta had said yesterday they would cap its first class at 50% made cabin at 60% first class probably at 50 because there's two seats to every aisle whereas on coach you're able to put two people with a middle seat and square that so greater capacity while maintaining some social distancing and Carvana they're going to announce a 5 million share offering CVNA trading lower on that news as you can expect from 98 down to about 92 stay tuned folks we got a man Larry Pes vento coming up live with trade what you see and don't forget folks two days from right now check it out quite a special event 10 years more than that Larry has not done a live trading event he'll be in there 48 hours from right now so check it out on the front page of TFNN.com that will be archived you can watch it as many times as you like as you're in there what put it over his shoulder as he trades live stay tuned folks Larry Pes vento coming up next I'll be back at 10 o'clock with our man Basil Chapman filling in stay tuned folks should be right back