Fitbit Set To Cut Workforce On Weak Q4 Sales

Apparently, no one is buying Fitbit, but myself. Shares are down over 10% this morning as the company slashes outlook. Here are a few notes from this morning’s press release:

• Fitbit sees preliminary Q4 revenue $572-$580M vs. prior guidance of $725-$750.
• Fitbit sees Q4 EPS -$(0.5) – $(0.51) vs prior guidance of 0.14 -$0.18.
• Fitbit Set to cut workforce 5-10%

We finally did it. The first week with Trump in office and we finally broke through Dow 20,000. It was a choppy ride over the last few weeks, but the bull managed to pull it out.

The S&P 500 finished higher once again on the week, and managed to close above this range we have been trading in dating back to December, a pretty clean break. The Slow Stochastics are still overbought, but the bulls are still firmly in control:

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Semis, Drugs, Banks, & Basic materials continue to see some of the biggest gains week over week, judging by our Exodus weekly hybrid change:

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As for individual stocks, the following tickers saw the greatest jump in hybrid score this week and worth reviewing over the weekend:

I’ll be back later this weekend with some more charts setups, have a good weekend all.

Here are a few tickers to watch for Friday, all of which landed on today’s hybrid mover screen inside Exodus.

I pulled the following tickers from our trading software and imported the results to finviz for your viewing pleasure, for those that would like to view the screen in full, CLICK HERE.

Charts of interest headed into Friday primarily include setups within the oil & gas space. If we see continued strength in the underlying commodity, watch for significant breakouts within the industry. Here are a few of my favorites from tonight’s screen:

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See you guys at the open..

As the market continues to go in uncharted territory, here’s a look at your daily runner screen which can be found inside Exodus. This particular screen searches for stocks that are trending higher on the day with a large relative short percentage.

I’ve imported the tickers from today’s screen for your viewing pleasure:CLICK HERE FOR TODAY’S RESULTS

Tickers of interest today include:  $CHK, $OREX, $FEYE, $TWLO, $ONVO, $BCEI, $NTNX, $KBH, & $BBG

Despite the indices chopping around, we continue to have hundreds of tickers on our daily hybrid screen inside Exodus. Most notable from today’s screen, for the second week in a row, are the gold & silver miners. Let’s see if the we can get a breakout this week, the whole industry is set to fly (see charts below):

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For a look at today’s top hybrid movers: CLICK HERE

Here’s your weekly look at the top 50 ranked stocks inside iBC’s trading software, Exodus. The following screen searches for stocks that have a high financial & technical score within our system, and maintain positive free cash flow.

The results below are sorted by average daily volume, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE.

I’ve imported this week’s screen to finviz for your viewing pleasure: CLICK HERE TO VIEW THIS WEEK’S TOP 50 STOCKS

Charts of interest here include: