Major indices declined over the last trading day, with the Dow Jones down 0.8%, the S&P 500 falling 1.1%, and the Russell 2000 dropping 1.9%; the Cboe Volatility Index rose 8.3%, signaling heightened uncertainty, while week-to-date the S&P 500 is off 1.8%.
Top Gainers (1-Day)
| Brighthouse Financial Inc (BHF:XNGS) | +26.8% |
| Datadog Inc-A (DDOG:XNGS) | +23.1% |
| Coherent Corp (COHR:XNYS) | +18.3% |
Top Losers (1-Day)
| Marriott Vacations Worldwide Corp (VAC:XNYS) | -26.4% |
| Celsius Holdings Inc (CELH:XNCM) | -24.8% |
| CarMax Inc (KMX:XNYS) | -24.3% |
Quantmatix had short term positive signals in Brighthouse and Datadog going into earnings, while we had negative short term signals in Marriott, Celsius and Carmax. Coherent short term signal was negative going into the earnings which beat after a surprise. Signals ahead of earnings give an indication of positioning going into these binary events. Monitoring these signals can create opportunities and help manage risk. We will caveat though that this data is not forecasting the earnings outcome.