Russell 1,000 Weekly Recap 08-21-2020

Focus List
September 15, 2020
Recaps

Russell 1,000 Weekly Recap 8/17 - 8/21/2020 (+3.04%)

Brain Sentiment

The top 3 Russell 1 names with the largest 7:30-day scored news activity, a measure designed to capture recent surges in sentiment scored stories, are Target (TGT), Kohl’s (KSS) and Cree (CREE).

  • TGT significantly beat the equivalent Estimize and Wall Street 8/19/2020 earnings target of $1.63, reporting EPS of $3.38.
  • KSS reported a much narrower loss (-$0.25) than expected by Estimize (-$0.94) and Wall Street (-$0.88). Since 2018, KSS 5-day post-drift earnings when beating Estimize has been 2.9% vs. (-0.19%) when beating Wall Street.
  • CREE reported -$0.18 EPS, in line with Estimize ($-0.18) and Wall Street ($-0.19).

McDonald’s (MCD), Facebook (FB) and Micron (MU) recorded the lowest 7-day sentiment of companies with at least 50 news stories.

The Focus List colors historical stock prices by intensity of news sentiment scored by Brain.

Estimize Earnings

  • Walmart (WMT) beat the Estimize consensus by $0.27 (and beat Wall Street by $0.31) 8/18/2020. Walmart had beat Estimize in 7 of the last 11 releases and traded lower in both scenarios, off -2.02% with beats and -3.04%with misses.
  • Agilent Technologies (A) beat the Estimize consensus by $0.10 (and beat Wall Street by $0.12) 8/18/2020. Since 2018 Agilent Technologies 5-day return when beating Estimize (6 quarters) has been +4.23% vs. -7.82% when missing Estimize (4 quarters), a difference of over 1,200 basis points.
Agilent Technologies 1, 2, 3 & 5 day post drift earnings returns when beating and missing Estimize consensus.

Performance

  • 26 Russell 1 stocks hit new highs on Friday (AAPL, NVDA, DE, WSM, LEN.B, SAM, W, DHI, LEN, SNDR, PHM, POOL, TSLA, GNRC, BBY, JBHT, NVR, NKE, TMO, IEX, PGR, CMG, INTU, LULU, CL, ACN). There were no new lows.
  • 4 stocks moved up through their 200-day moving average (BG,LEG, PSA, HON) and 13 moved down through their 200-day moving average (KEYS, NUE, TRU, UBER, GLPI, CBT, FCN, LEA, BSX, PEG, EQH, PINC, GNTX).
  • Russell 1,000 Flash Report
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