Russell 1,000 Weekly Recap 09-04-2020

Focus List
September 15, 2020
Recaps

Russell 1,000 Weekly Recap 8/31 - 9/04/2020 (-3.44%)

Brain Sentiment

The top 3 Russell 1 names with the largest recently scored news activity are Brown-Forman Corp (BF.B), Schlumberger (SLB) and Campbell Soup (CPB).

  • BF.B moved to a new 52-week high on 9/2 after beating earnings expectations; Brown-Forman announced 9/4 that they will be investing in a new Jack Daniel's campaign.
  • SLB sold its fracking unit to Liberty oilfield 9/1; on 9/4 a second female employee joined a $100M sexual harassment class action lawsuit against the company.
  • Campbell Soup reported $0.63 EPS 9/3, beating Wall Street for the 11th straight quarter, but missing the Estimize consensus of $0.65. The one-day post earnings drift return was down -1.96% as of the close, 9/4. The last 2 quarters Campbell Soup missed the Estimize consensus, CPB reverted from a negative 1-day post-earnings drift to a 5-day return of +2.73%.
CPB post-earnings drift when missing the Estimize consensus since 2018.
CPB Brain sentiment turning negative on increased news activity before closing below its lower Bollinger band 9/4.

Kansas City Southern (KSU), Broadcom, Inc. (AVGO), and International Business Machines (IBM) led Russell 1,000 names in positive 7-day sentiment scores with at least 25 stories. Conversely, Credit Acceptance Corp. (CACC), Pilgrim's Pride (PPC), and Consolidated Edison (ED) recorded the most negative 7-day sentiment scores.

Estimize Earnings

  • Docusign (DOCU) beat Wall Street Estimates by $0.09, and the Estimize consensus by $0.06 9/3. DOCU was off more than -10% 9/4.
  • After 5 consecutive quarters of missing the Estimize consensus, Broadcom, Inc. (AVGO) beat Estimize by $0.09 and the Street by $0.16. Over the last 11 quarters, the Estimize consensus beat / miss spread of 5-day performance for AVGO is 942 basis points (+5.15% in 6 beats and -4.27% in 5 misses).
AVGO Estimize consensus beat / miss spread over 11 quarters is 942 basis points.

Performance

  • There were no new highs or new lows in the Russell 1,000 on 9/4.
  • 12 stocks moved up through their 200-day moving average (BHR, ARD, COO, ATH, SYF, CBT, NWL, LYB, BWXT, GPK, AXP, O) and 22 moved down through its 200-day moving average (FTDR, PAYC, VMW, FEYE, RP, DBX, NTNX, TRU, PS, ICUI, IAC, GPN, ANET, FTNT, HOG, EV, COR, ELS, WAT, SAIC, REYN, WU).
  • Russell 1,000 Flash Report
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