Piqqem released its weekly sentiment for the week ending April 2, 2010 and it shows overall market sentiment staying below the 30 day moving average. Overall market sentiment is at 7.14 pts down .6 pts from last week.The sentiment trend implies that market confidence is neutral and points to sideways movement in the market. Let’s now see if sentiment will move above or below the 30 day moving average for next week. In a more bullish signal for the week, there were 3 stocks increasing in sentiment for every 2 stocks decreasing in sentiment.
This Week’s Sentiment Winners & Losers
For individual stocks, our weekly winners included Vertex Pharmaceuticals (VRTX) and Sonic Corp (SONC), while the stocks dropping most in sentiment included Proctor & Gamble (PG) and Novell (NOVL).
About the Piqqem Market Sentiment Index
Piqqem tracks sentiment on all securities including stocks, mutual funds, ETFs, and major market indices. The Piqqem sentiment scale runs from 100 on the high end to -100 on the low end.The actual Piqqem Market Sentiment Index is proprietary blend of multiple factors including sentiment specific to the four major indices: Dow Jones 30 (.DJI), S&P 500 (.INX), Nasdaq 100 (.IXIC), Russell 2000 (IWM).
Research in Motion (RIMM) is scheduled to release Q4 earnings this Wednesday March 31st, after the market close.
Average analyst estimates for the Blackberry maker are $1.28/share in EPS and $4.31 billion in Revenue.Forty-nine analysts track the stock with six upward EPS revisions in the last 30 days and no downward EPS revisions in the last 30 days. Last quarter, Research in Motion beat average analysts expectations by .06/share, 1.10 vs. 1.04/share.
I always find this a tough period waiting to see if the company is going meet, exceed, or miss their earnings estimates.One thing I have discovered of value is to analyze sentiment moves in a stock ahead of the company’s earnings release.In the case of Research in Motion, I will use the piqqem sentiment index for Research in Motion to see how sentiment has changed in the last quarter, for the months within that quarter, and from the end of the reporting quarter thru today.I’m looking for moves or changes that may foreshadow the earning release.
Piqqem leverages the ‘wisdom of crowds’ by allowing its users to vote on the price direction of a stock and then applies its own propriety factors to calculate sentiment for a security. In their model, -100 is the lowest and 100 is the highest sentiment.
Has Apple’s (AAPL) iPhone and Google’s (GOOG) Android finally disrupted the smart phone innovator for good or will RIM rise again to take back the market it helped create.
The above chart shows Research in Motion’s sentiment dropping by 15 pts from the beginning of last quarter. Sentiment for the S&P is down 16 pts in the same period, so Research in Motion’s sentiment drop can be somewhat attributed to overall market conditions. On the Piqqem scale, Research in Motion’s sentiment rating of 12.70 is considered a hold and its absolute sentiment indicates a medium quality stock. Only Research in Motion knows their actual results, but current sentiment points to Research in Motion delivering nothing special on Wednesday.
Piqqem released its weekly sentiment for the week ending March 26, 2010 and it shows overall market sentiment moving down below its 30 day moving average. Overall market sentiment is at 7.72 pts down 1.25 pts from last week.The sentiment trend implies that market confidence has broken down slightly and points to potential market consolidation. Let’s now see if sentiment will move above or below the 30 day moving average for next week. In a further consolidation signal this week, there were 9 stocks increasing in sentiment for every 10 stocks decreasing in sentiment.
This Week’s Sentiment Winners & Losers
For individual stocks, the weekly winners included ConAgra Foods (CAG) and Proctor & Gamble (PG), while the stocks dropping most in sentiment included Overstock.com (OSTK) and Intuitive Surgical (ISRG).
About the Piqqem Market Sentiment Index
Piqqem tracks sentiment on all securities including stocks, mutual funds, ETFs, and major market indices. The Piqqem sentiment scale runs from 100 on the high end to -100 on the low end.The actual Piqqem Market Sentiment Index is proprietary blend of multiple factors including sentiment specific to the four major indices: Dow Jones 30 (.DJI), S&P 500 (.INX), Nasdaq 100 (.IXIC), Russell 2000 (IWM).
Oracle (ORCL) is scheduled to release Q3 earnings this Thursday March 25th, after the market close.
Average analyst estimates for the Software Giant are $.38/share in EPS and $6.35 billion in Revenue.Twenty analysts track the stock with three upward EPS revisions in the last 30 days and no downward EPS revisions in the last 30 days. Last quarter, Oracle beat average analysts expectations by .03/share, .39 vs. .36/share.
I always find this a tough period waiting to see if the company is going meet, exceed, or miss their earnings estimates.One thing I have discovered of value is to analyze sentiment moves in a stock ahead of the company’s earnings release.In the case of Oracle, I will use the piqqem sentiment index for Oracle to see how sentiment has changed in the last quarter, for the months within that quarter, and from the end of the reporting quarter thru today.I’m looking for moves or changes that may foreshadow the earning release.
Piqqem leverages the ‘wisdom of crowds’ by allowing its users to vote on the price direction of a stock and then applies its own propriety factors to calculate sentiment for a security. In their model, -100 is the lowest and 100 is the highest sentiment.
The above chart shows Oracle’s sentiment moving up 5.5 pts from the point of their last earnings release. Sentiment for the S&P is down 26 pts in the same period, so Oracle’s sentiment strength is even more impressive given overall market conditions. On the Piqqem scale, Oracle’s sentiment rating of 40.33 is considered a buy and its absolute sentiment indicates a high quality stock. Only Oracle knows their actual results, but their current sentiment points to Oracle delivering good news on Thursday.
Adobe (ADBE) is scheduled to release Q1 earnings this Tuesday March 23rd, after the market close. Average analyst estimates for the Software leader are $.37/share in EPS and $827.4 million in Revenue.Twenty-six analysts track the stock with one upward EPS revisions in the last 30 days and one downward EPS revision in the last 30 days. Last quarter, Adobe beat average analysts expectations by .02/share, .39 vs. .37/share.
I always find this a tough period waiting to see if the company is going meet, exceed, or miss their earnings estimates.One thing I have discovered of value is to analyze sentiment moves in a stock ahead of the company’s earnings release.In the case of Adobe, I will use the piqqem sentiment index for Adobe to see how sentiment has changed in the last quarter, for the months within that quarter, and from the end of the reporting quarter thru today.I’m looking for moves or changes that may foreshadow the earning release.(piqqem leverages the ‘wisdom of crowds’ by allowing its users to vote on the price direction of a stock and then applies its own propriety factors to calculate sentiment for a security. In their model, -100 is the lowest and 100 is the highest sentiment).
The above chart shows Adobe’s sentiment moving up 3 pts from the point of their last earnings release. Sentiment for the S&P is down 26 pts in the same period, so Adobe’s sentiment strength is even more impressive given overall market conditions. On the Piqqem scale, Adobe’s sentiment rating of 31.90 is considered a buy and its absolute sentiment indicates a high quality stock. Only Adobe knows their actual results, but their current sentiment points to Adobe delivering good news on Tuesday.
Adobe (ADBE) is scheduled to release Q1 earnings this Tuesday March 23rd, after the market close. Average analyst estimates for the Software leader are $.37/share in EPS and $827.4 million in Revenue.Twenty-six analysts track the stock with one upward EPS revisions in the last 30 days and one downward EPS revision in the last 30 days. Last quarter, Adobe beat average analysts expectations by .02/share, .39 vs. .37/share.
I always find this a tough period waiting to see if the company is going meet, exceed, or miss their earnings estimates.One thing I have discovered of value is to analyze sentiment moves in a stock ahead of the company’s earnings release.In the case of Adobe, I will use the piqqem sentiment index for Adobe to see how sentiment has changed in the last quarter, for the months within that quarter, and from the end of the reporting quarter thru today.I’m looking for moves or changes that may foreshadow the earning release.(piqqem leverages the ‘wisdom of crowds’ by allowing its users to vote on the price direction of a stock and then applies its own propriety factors to calculate sentiment for a security. In their model, -100 is the lowest and 100 is the highest sentiment).
The above chart shows Adobe’s sentiment moving up 3 pts from the point of their last earnings release. Sentiment for the S&P is down 26 pts in the same period, so Adobe’s sentiment strength is even more impressive given overall market conditions. On the Piqqem scale, Adobe’s sentiment rating of 31.90 is considered a buy and its absolute sentiment indicates a high quality stock. Only Adobe knows their actual results, but their current sentiment points to Adobe delivering good news on Tuesday.
Piqqem released its weekly sentiment update today and shows overall market sentiment moving to neutral as sentiment merged with the 30 day moving average. As of March 19, 2010, overall market sentiment is at 9.08 pts down 1.7 pts from last week and is now even with the 30 Day Moving Sentiment Average.The sentiment trend implies that market confidence is consolidating ahead of the market’s next up or down move. Let’s now see if sentiment will move above or below the 30 day moving average for next week. In a further neutral signal this week, there was 1 stock increasing in sentiment for every 1 stock decreasing in sentiment.
This Week’s Sentiment Winners & Losers
For individual stocks, our weekly winners included Time Warner (TWX) and Super Value (SVU), while the stocks dropping most in sentiment included Pacer International (PACR) and PG&E (PCG).
About the Piqqem Market Sentiment Index
Piqqem tracks sentiment on all securities including stocks, mutual funds, ETFs, and major market indices. The Piqqem sentiment scale runs from 100 on the high end to -100 on the low end.The actual Piqqem Market Sentiment Index is proprietary blend of multiple factors including sentiment specific to the four major indices: Dow Jones 30 (.DJI), S&P 500 (.INX), Nasdaq 100 (.IXIC), Russell 2000 (IWM).
Piqqem released its weekly sentiment update today and shows overall market sentiment breaking thru the 30 day moving average which is a bullish signal. As of March 12, 2010, overall market sentiment is at 10.81 pts up 1.5 pts from last week and is now 1.5 pts above the 30 Day Moving Sentiment Average.The sentiment trend implies that market confidence has strengthened and is now pointing toward a continued economic recovery. Let’s now see if sentiment can stay above the 30 day moving average for next week. In a further bullish signal this week, there were 2 stocks increasing in sentiment for every 1 stock decreasing in sentiment.
This Week’s Sentiment Winners & Losers
For individual stocks, our weekly winners included Hasbro (HAS) and Sony (SNE), while the stocks dropping most in sentiment included FedEx (FDX) and Quality Systems (QSII).
About the Piqqem Market Sentiment Index
Piqqem tracks sentiment on all securities including stocks, mutual funds, ETFs, and major market indices. The Piqqem sentiment scale runs from 100 on the high end to -100 on the low end.The actual Piqqem Market Sentiment Index is proprietary blend of multiple factors including sentiment specific to the four major indices: Dow Jones 30 (^DJI), S&P 500 (^SPX), Nasdaq 100 (^IXIC), Russell 2000 (^RUT).
Have you ever wondered whether stock sentiment can predict a stock’s future price movement? Let’s take a look at the chart for Oracle (ORCL) over the past 60 days. From January 11th thru today, Oracle’s sentiment as measured by Piqqem , rose an impressive 6 pts from a solid 34 pts to 40 pts. A 40 pt rating indicates a high quality stock. The price during that same period remained virtually unchanged and was range bound between $23.50 and $25.50 per share. If we look a little further we will then see that most of Oracle’s sentiment move has been in the last week. Given this sentiment move, look for Oracle to test the upper end of the range at $25.50.
About the Piqqem Sentiment Trading Simulator
Piqqem offers a Sentiment Trading Simulator that allows you to test different trading strategies against historical sentiment and price data. Once you find a strategy that you like, you can create a portfolio they will trade automatically on your sentiment strategy and rules.
Have you ever wondered whether stock sentiment can predict a stock’s future price movement? Let’s take a look at the chart for Berkshire B (BRK-B) over the past 60 days. From January 22nd thru January 25th, sentiment as measured by Piqqem rose dramatically by 24 pts from a solid 36 pts to an impressive 60 pts. The price during that same period fell by a $1 from 70 to 69. If we look a little further we will then see that the price of Berkshire B started a price run of $69 to yesterday’s price of $82.79. This price move represents a 20% rise which was well after the sentiment move.
Was the crowd right in predicting the price move or just lucky?
About the Piqqem Sentiment Trading Simulator
Piqqem offers a Sentiment Trading Simulator that allows you to test different trading strategies against historical sentiment and price data. Once you find a strategy that you like, you can create a portfolio they will trade automatically on your sentiment strategy and rules.
