Russell 1,000 Weekly Recap 09-11-2020

Focus List
September 15, 2020
Recaps

Russell 1,000 Weekly Recap 9/07 - 9/11/2020 (-3.38%)

Brain Sentiment

The top 3 Russell 1 names with the largest recently scored news activity are American International Group (AIG), Tiffany & Co. (TIF) and Prudential Financial (PRU).

  • PRU 9/11, from Sify.com: Air India Express to get $51M for loss of aircraft in Kozikode accident.
  • TIF 9/10, from the Daily Mail: Luxury giant LVMH will counter-sue Tiffany & Co after backing out of $16.2 billion takeover.
  • PRU 9/08, from Reuters UK: Exclusive: Grab in talks with Prudential, AIA for fintech investment - sources.
TIF price history colored by Brain news sentiment scores.
TIF spike in recent news stories scored by Brain.

Cisco Systems (CSCO), Oracle Corp. (ORCL), and Honeywell International (HON) led Russell 1,000 names in positive 7-day sentiment scores with at least 25 stories. Conversely, Consolidated Edison (ED), American Electric Power (AEP), and Tiffany & Co. (TIF) recorded the most negative 7-day sentiment scores.

Estimize Earnings

  • Oracle (ORCL) beat Wall Street Estimates by $0.07, and the Estimize consensus by $0.04 9/10. ORCL was off more than -0.58% 9/11. Oracle has beaten Estimize in 50% of releases since Estimize's inception while beating the Street in 72% of releases during the same period.
  • Casey's General Stores (CASY) beat Estimize by 55% on 9/08 (and the Street by 57%). Over the last 13 quarters, the Estimize consensus beat / miss spread of 5-day performance for CASY is 509 basis points (+1.08% in 9 beats and -4.01% in 5 misses).
CASY Post-Earnings Drift Spread FY 2018-Q1 is 509 basis points.

Performance

  • There were 7 new highs in the Russell 1,000 on 9/11 (AMRK, CKPT, FRTA, TXG, PACK, GRBK, FDX) and 15 new lows (EVFM, CRBP, CORR, SEAC, LXRX, RVSB, THR, STR, NWN, ICPT, STFC, CFFN, ONTO, HE, ESRT).
  • 3 stocks traded more than 10 times their 30-day average daily volume 9/11 (AMRK, MNRL, QTEC).
  • Russell 1,000 09-11-2020 Flash Report
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