MARKET BLOG

Sign up for emails

Subscribe to the complimentary Market Blog to get your daily dose of market news, upcoming earnings and industry events, from a trader's point of view. Each entry is posted daily right here and you can sign up to have all new entries emailed directly to you.

Jun 04, 2020 - Market Blog

6/4/2020

 

Option Trade Ideas for your Inbox!  New Subscribers can Get 2 Free Strategies for 60 days by emailingsupport@tradewise.com or calling 877.733.6786*

 

Time to Sign

The electronic document signing platform, DocuSign Inc. (DOCU) is set to report earnings tonight after the close.  DOCU has been on a rampage as of late with a 124% gain achieved since they last reported in early March, being one of the few benefactors amid the Coronavirus outbreak.  The company owns several patents in allowing for legal-binding documents to be electronically signed with any device which was critical during the lockdown phase as work was accomplished remotely.  The projected market-maker-move is set at +/- $11.27 currently as the stock just reached an all-time high of $152 earlier this week.  Shares are down modestly ahead of the event. 

 

Tough Job!

New Jobless claims just hit 1.88 million at the end of May as the crippling effects of the Coronavirus continue to attack businesses.  It appears new filings are finally starting to taper off after peaking at a staggering 7 million in late March.  Almost 30% of the labor market has filed for unemployment benefits at some point during the outbreak which briefly exceeded Great Depression levels.  Tomorrow will see key monthly job figures with a 19.5% unemployment rate now being forecasted. Near-record lows of only 3.6% occurred over the same period last year which now seems like a distant memory. 

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) -0.48%, near 3102

U.S. Crude Oil futures (/CL) -1.23%, near $36.86 a barrel

CBOE Volatility Index (VIX) +1.29%, near 26.01

U.S. Gold Futures (/GC) +1.13%, near $1723 an ounce

 

Major Economic Reports:

 

6:30 am CT – Challenger Job-Cut Report

7:30 am CT – Jobless Claims

7:30 am CT – International Trade

7:30 am CT – Productivity and Costs

9:30 am CT– EIA Natural Gas Report

10:00 pm CT – 10-Yr Note and 30-Yr Bond Announcement

3:30 pm CT – Fed Balance Sheet

3:30 pm CT – Money Supply

 

Notable Earnings

  

Thursday:

A.M. – CIEN, CMD, DLTH, HOV, MIK, NAV, SCWX, SJM, TTC

P.M.– AVGO, CAL, COO, CZZ, DOCU, DOMO, GHG, GPS, HOME, MDB, MTN, NX, PD, SAIC, SPWH, WORK, WPRT, YEXT, ZUMZ

 

Friday:

A.M. – TIF, TPCO, XIN

P.M.– N/A 

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

Jun 03, 2020 - Market Blog

6/3/2020

 

Option Trade Ideas for your Inbox!  New Subscribers can Get 2 Free Strategies for 60 days by emailing support@tradewise.com or calling 877.733.6786*

 

Zooming into your home

Zoom Video Communications (ZM) demonstrated that paying customers have flocked to its virtual-meeting software, transforming the once-niche app-maker into a popular communications service and positioning it to benefit as the nature of work, school and life has been upended.  Zoom who has become a household name during the pandemic, reported record sales and earnings for the quarter ending April 30, when the coronavirus pandemic spurred a wave of stay-at-home orders for millions of people worldwide.  The videoconferencing platform company also doubled their annual revenue forecast with future earnings expecting to grow even more.  The San Jose, CA based company, reported net income of $27 million, or 9 cents a share for the quarter, compared to net income of $200,000, or less than a penny a share, in the year-ago quarter on sales of $328.2 million, up 169% from a year earlier.  Shares of Zoom are up 1.7% in the premarket.

 

Duck, Duck, Goose

Canada Goose Holdings (GOOS), a Canada-based outerwear company, reported Q4 net loss of $0.12 cents share, matching analysts’ forecasts, while revenue came in above estimates.  Revenue totaled $140.9 million for the quarter, down from $156.2 million from the year-earlier period.  Analysts were looking for $130.4 million.  For the first seven weeks of the quarter, the apparel maker closed 15 of the company’s 20 direct-to-consumer retail stores, while two more, in Hong Kong, were affected by tourism restrictions.  Stores in Paris, Milan and Montreal have since re-opened.  The Toronto-based company expects a more significant impact from the Covid-19 pandemic in the next quarter, traditionally its slowest of its fiscal year.  The company withdrew any future revenue or earnings guidance it had initially reported. Shares of Canada Goose are up 4.5% in the premarket. 

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) +0.56%, near 3094

U.S. Crude Oil futures (/CL) -0.43%, near $36.70 a barrel

CBOE Volatility Index (VIX) -0.1%, near 26.60

U.S. Gold Futures (/GC) -1.25%, near $1712 an ounce

 

Major Economic Reports:

 

6:00 am CT – MBA Mortgage Applications

 

7:15 am CT – ADP Employment Report

 

8:45 am CT – PMI Services Index

 

9:00 am CT – Factory Orders

 

9:00 am CT – ISM Non-Mfg Index

 

9:30 am CT – EIA Petroleum Status Report

 

Notable Earnings

 

Wednesday:

A.M. – AEO, CNK, CPB, EXPR, GOOS, KC, VRA

 

P.M. – ABM, CHNG, CLDR, CMTL, ESTC, GES, GWRE, PVH, SMAR, TLYS, VRNT, ZUO

 

Thursday:

A.M. – CIEN, CMD, DLTH, HOV, MIK, NAV, SCWX, SJM, TTC

 

P.M.– AVGO, CAL, COO, CZZ, DOCU, DOMO, GHG, GPS, HOME, MDB, MTN, NX, PD, SAIC, SPWH, WORK, WPRT, YEXT, ZUMZ

 

 

Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

Jun 02, 2020 - Market Blog

6/2/2020

 

Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days email support@tradewise.com or call877.733.6786*

 

Bubbling Crude

U.S. Crude oil futures (/CL) are trading near $36 a barrel this morning, a level not seen since early March.  Demand has begun to increase as the global economy begins to reopen, and investors are anticipating an extension of recent production cuts from OPEC.  Saudi Arabia has shown an inclination to extend their reduced output for an additional one to three months, while Russia is expected to release a decision on the cuts later today.

 

Turning a Loss into a Win

Dick’s Sporting Goods (DKS) shares are trading higher in the pre-market after the sporting goods retailer reported a worse than expected fiscal first quarter loss this morning.  The company lost $1.21 per share on revenue of $1.33 billion.  Analysts were looking for a loss of $0.83 per share, with revenue of $1.3 billion.  Dick’s said they incurred $62 million in pretax expenses, which roughly equates to $0.50 per share for the quarter.  It appears that investors like the fact that the company is taking on the coronavirus related expenses upfront so they can focus on future quarters without the dark cloud of safety costs and inventory write downs.

 

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) +0.30%, near 3063

U.S. Crude Oil futures (/CL) +0.7%, near $35.70 a barrel

CBOE Volatility Index (VIX) -1.2%, near 27.85

U.S. Gold Futures (/GC) +0.25%, near $1754 an ounce

 

Major Economic Reports:

 

7:55 am CT – Redbook

 

Notable Earnings

 

Tuesday:

A.M. – BBW, BZUN, CBRL, DAKT, DCI, DKS, LE

P.M. – AMBA, APPS, CRWD, EVRI, GME, HQY, MDLA, ZM

 

Wednesday:

A.M. – AEO, CNK, CPB, EXPR, GOOS, KC, VRA

P.M. – ABM, CHNG, CLDR, CMTL, ESTC, GES, GWRE, PVH, SMAR, TLYS, VRNT, ZUO

 

Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

Jun 01, 2020 - The Week Ahead

6/1/2020

 

The Week Ahead

 

Option Trade Ideas for your Inbox!  New Subscribers can Get 2 Free Strategies for 60 days by emailing support@tradewise.com or calling 877.733.6786*

 

Under Siege

Cities across the U.S. have come under siege over the weekend with protests turning into chaos in many parts of the country.  Several companies like Target (TGT), Walmart (WMT), Apple (AAPL), and Amazon (AMZN) have all scaled back services in various hotspots.  Walmart specifically has closed hundreds of stores temporarily with several being directly targeted by looters which caused extensive damage. The economic impact is not yet known as several retailers were just getting back online after extended closures from the crippling effects of the Coronavirus.  All eyes will be watching to see if the riots continue past the disordered weekend.

 

To the Moon!

Saturday saw the first crewed U.S. rocket launch in almost a decade which was sponsored solely by private investment.  The successful attempt will certainly change space travel forever as for-profit endeavors will likely spark faster technological advances. Elon Musk is the CEO of both TESLA and privately-owned SpaceX which executed the launch flawlessly and has vowed to reach Mars this decade. Rumors are already swirling of a potential pubic offering at some point in the near future as investors want in on the action.  Shares of TSLA are up 2.3% as one possible angle to play the position with competitor, Virgin Galactic (SPCE) also up nearly 6% in reaction to the exciting news. 

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) -0.2%, near 3035.75

U.S. Crude Oil futures (/CL) -0.31%, near $35.31 a barrel

CBOE Volatility Index (VIX) +7.89%, near 29.68

U.S. Gold Futures (/GC) -0.45%, near $1744 an ounce

 

Economic Releases (6/1-6/5):

 

Monday:

8:45 am CT – PMI Manufacturing Index

9:00 am CT – ISM Mfg Index

9:00 am CT – Construction Spending

10:00 am CT – Export Inspections

 

Tuesday:

7:55 am CT – Redbook

 

Wednesday:

6:00 am CT – MBA Mortgage Applications

7:15 am CT – ADP Employment Report

8:45 am CT – PMI Services Index

9:00 am CT – Factory Orders

9:00 am CT – ISM Non-Mfg Index

9:30 am CT – EIA Petroleum Status Report

 

Thursday:

6:30 am CT – Challenger Job-Cut Report

7:30 am CT – Jobless Claims

7:30 am CT – International Trade

7:30 am CT – Productivity and Costs

9:30 am CT – EIA Natural Gas Report

10:00 pm CT – 10-Yr Note and 30-Yr Bond Announcement

3:30 pm CT – Fed Balance Sheet

3:30 pm CT – Money Supply

 

Friday:

7:30 am CT – Employment Situation

12:00 pm CT – Baker-Hughes Rig Count

2:00 pm CT – Consumer Credit

 

Major Earnings for the Upcoming Week (6/1-6/5):

Monday:

A.M. – ATHM, HHR, NGL

P.M. – EWS, PRCP, PUMP

 

Tuesday:

A.M. – BBW, BZUN, CBRL, DAKT, DCI, DKS, LE

P.M. – AMBA, APPS, CRWD, EVRI, GME, HQY, MDLA, ZM 

 

Wednesday:

A.M. – AEO, CNK, CPB, EXPR, GOOS, KC, VRA

P.M. – ABM, CHNG, CLDR, CMTL, ESTC, GES, GWRE, PVH, SMAR, TLYS, VRNT, ZUO

 

Thursday:

A.M. – CIEN, CMD, DLTH, HOV, MIK, NAV, SCWX, SJM, TTC

P.M.– AVGO, CAL, COO, CZZ, DOCU, DOMO, GHG, GPS, HOME, MDB, MTN, NX, PD, SAIC, SPWH, WORK, WPRT, YEXT, ZUMZ

 

Friday:

A.M. – TIF, TPCO, XIN

P.M.– N/A 

 

Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

Showing Week of May 25, 2020

<< Prev | Next >>

May 29, 2020 - Market Blog

5/29/2020

 

Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days email support@tradewise.com or call877.733.6786*

 

We are all ‘masked’ in a supermarket

Costco (COST) reported higher sales for the its latest quarter, but its growth wasn’t as fast as competitors that were able to stay open during the coronavirus pandemic.  Comparable sales rose 7.8% during the quarter, while Walmart (WMT) and Target (TGT) both had comparable sales increases of over 10% for the quarter.  The warehouse chain's monthly comparable sales fell in April for the first time in over a decade as social distancing rules limited visits and more shoppers stayed home.  Costco also put limits on certain items and restricted how many shoppers could enter a store.  During the quarter, 4% fewer shoppers visited, as  coronavirus stockpiling of cleaning supplies and toilet paper cooled.  The company is still facing some challenges as some shoppers don’t want to go to stores.  This helped expand e-commerce sales by 66%, while the mask requirements at the physical warehouses drew the ire many customers.  Shares of  Costco are down 1.6% in the premarket.

 

May the force be with you

Saleforce.com (CRM) reported quarterly earnings of $0.70 per share, beating consensus analyst estimates by a penny, which was a 6% increase over EPS of $0.66 from a year earlier.   Revenue climbed 30% to $4.87 billion beating the consensus estimate of $4.85 billion, which was a 30% increase over sales of $3.74 billion the same period last year.  The enterprise software maker's earnings boost was helped by a huge investment gain from its stake in  Zoom Video Communication (ZM), which has been on a rapid uptrend since the Coronavirus pandemic started.  The San Francisco company bought $100 million of Zoom stock during the IPO last April, which is now valued around $450 million.  Salesforce is lowering their second quarter earnings guidance to $0.67 against a $0.75 estimate and lowering sales estimates by 3%.  Shares of Salesforce are down 3% in the premarket.

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) -0.40%, near 3026

U.S. Crude Oil futures (/CL) *2.00%, near $33.00 a barrel

CBOE Volatility Index (VIX) +3.0%, near 29.50

U.S. Gold Futures (/GC) 1.0%, near $1746 an ounce

 

Major Economic Reports:

 

7:30 am CT – International Trade in Goods

 

7:30 am CT – Personal Income and Outlays

 

7:30 am CT – Retail Inventories (Advance)

 

7:30 am CT – Wholesale Inventories (Advance)

 

8:45 am CT – Chicago PMI

 

9:00 am CT – Consumer Sentiment

 

10:00 am CT – Federal Reserve Chairman Jerome Powell Speech

 

12:00 pm CT – Baker-Hughes Rig Count

 

Notable Earnings

 

Friday:

A.M. – BIG, BI, SOL

 

P.M. – N/A

 

Monday:

A.M. – ATHM, HHR, NGL

 

P.M.–   EWS, PRCP, PUMP

 

Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com

 

May 28, 2020 - Market Blog

5/28/2020

 

Option Trade Ideas for your Inbox!  New Subscribers can Get 2 Free Strategies for 60 days by emailingsupport@tradewise.com or calling 877.733.6786*

 

Checking Facts

The ongoing battle between President Donald Trump and Twitter (TWTR) escalated after President Trump announced he would sign an executive order that would reduce the liability protections that the major social media platforms enjoy. Things heated up after the company took the unprecedented step to put fact check links on two of his tweets.  As of this writing, shares of TWTR are trading almost 5% lower in the pre-market.

 

Scrubbed

The planned launch of two NASA astronauts aboard a SpaceX rocket, was scrubbed yesterday afternoon due to foul weather near the launch site in Florida.  The bad weather included a tornado warning that occurred within 20 minutes of the planned launch.  The mission was set to be the first human launch from U.S. soil since 2011.  The next attempt is scheduled for Saturday.

 

HBO Max…Min

The launch of AT&T’s (T) HBO Max streaming service went live yesterday without a presence on two of the largest streaming services.  HBO was unable to reach a deal with Amazon (AMZN) and Roku (ROKU) which control over 70% of the streaming device market.  In addition, there were five million Amazon Prime customers that access HBO through the its Prime Video Channels platform but were unable to access HBO Max even though it was being offered free to all 33 million existing HBO subscribers.

 

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) +0.4%, near 3047

U.S. Crude Oil futures (/CL) unchanged, near $32.80 a barrel

CBOE Volatility Index (VIX) +1.9%, near 28.15

U.S. Gold Futures (/GC) +0.8%, near $1741 an ounce

 

Major Economic Reports:

 

7:30 am CT – Corporate Profits

7:30 am CT – Durable Goods Orders

7:30 am CT – GDP

7:30 am CT – Jobless Claims

9:00 am CT –  Pending Home Sales Index

9:30 am CT –  EIA Natural Gas Report

10:00 am CT– EIA Petroleum Status Report

10:00 am CT– Kansas City Fed Manufacturing Index

2:00 pm CT –  Fed Reserve’s Harker Speaks

3:30 pm CT –  Fed Balance Sheet

3:30 pm CT –  Money Supply

 

Notable Earnings

  

Thursday:

A.M. – ANF, BURL, CM, CSIQ, DBI, DG, DLTR, GLNG, MOMO, NGL, NIO, SHOO, TD, TECDM

P.M.– ADVM, AFYA, COST, CRM, DELL, DXC, GME, GPS, JWN, MRVL, OKTA, OLLI, PAGS, PSTG, RRGB, SPWH, TCOM, ULTA, VEEV, WSM, YEXT, ZS

 

Friday:

A.M. BIG, BI, SOL

P.M.–  N/A

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

May 27, 2020 - Market Blog

5/27/2020

 

Option Trade Ideas for your Inbox!  New Subscribers can Get 2 Free Strategies for 60 days by emailingsupport@tradewise.com or calling 877.733.6786*

 

Making Dough Again

Papa John’s Pizza (PZZA) saw a 33% jump in monthly same-stores sales from this same time in April as the ease and safety of pizza delivery is reportedly producing record sales numbers for a 2nd straight month.  Shares of PZZA had been down for 6 straight sessions before a 4% bump in pre-market came off the good news. Competitor, Dominoe's Pizza (DPZ) also shared encouraging data after seeing a 14% jump in same store sales since April.  At its peak, 2400 of Dominoe's stores world-wide were closed temporarily due to the pandemic. 

 

Here’s the Plan

Disney (DIS) is set to lay out their detailed plans to local government officials today in order to begin to gradually re-open their mecca of theme parks and resorts in Florida which have been closed since late mid-March. Both the Mayor and the state’s Governor will eventually be required to sign off on the plan before the green light is given. SeaWorld (SEAS) will also be presenting their proposal at the same meeting.  Universal Studios was already granted approval just last week and is slated to begin reopening on June 5th with strict social distancing guidelines in place. Orlando attracted over 75 million tourists to the state of Florida in 2019 and is key to the state’s economic success. Shares of DIS are up over 2% in hopes of Mickey’s swift return.   

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) +0.88%, near 3021

U.S. Crude Oil futures (/CL) -2.1%, near $33.60 a barrel

CBOE Volatility Index (VIX) -2.7%, near 27.26

U.S. Gold Futures (/GC) -1.13%, near $1708 an ounce

 

Major Economic Reports:

 

Wednesday:

6:00 am CT – MBA Mortgage Applications

7:00 am CT – Bank Reserve Settlement

7:55 am CT – Redbook

9:00 am CT – Richmond Fed Manufacturing Index

9:00 am CT – State Street Investor Confidence Index

12:00 pm CT – 5-Yr Note Auction

1:00 pm CT – Beige Book

 

Notable Earnings

 

Wednesday:

A.M. – BMO, BZUN, CPRI, GOOS, RL, RY, TGI, TTM

P.M– ADSK, BEST, BOX, HPQ, NTAP, NTNX, PLT, PVH, SPTN, TOL, WDAY

 

Thursday:

A.M. – ANF, BURL, CM, CSIQ, DBI, DG, DLTR, GLNG, MOMO, NGL, NIO, SHOO, TD, TECDM

P.M.– ADVM, AFYA, COST, CRM, DELL, DXC, GME, GPS, JWN, MRVL, OKTA, OLLI, PAGS, PSTG, RRGB, SPWH, TCOM, ULTA, VEEV, WSM, YEXT, ZS

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

May 26, 2020 - The Week Ahead

5/26/2020

 

The Week Ahead

 

Option Trade Ideas for your Inbox!  New Subscribers can Get 2 Free Strategies for 60 days by emailing support@tradewise.com or calling 877.733.6786*

 

 

One shot away

Biotech company Novavax (NVAX) has started its first human study of its experimental coronavirus vaccine.  The company said it expects initial results on its phase 1 portion of the trial in July, which will be conducted in Australia.  The second phase, which will be conducted in multiple countries, will assess the immunity, safety and COVID-19 disease reduction in a broader age range.  The Maryland-based company’s coronavirus vaccine candidate follows another biotech company Moderna's (MRNA) vaccine trial, where last week the company reported positive development on its vaccine trial where all 45 participants had developed coronavirus antibodies.  Novavax and Moderna joins Pfizer (PFE) and Inovio (INO) as the first four to enter their coronavirus vaccine candidates into human trials in the U.S.  Other companies, including Johnson & Johnson (JNJ), are also working on developing their own vaccine candidates.  Shares of Novavax are up 16% in premarket.

 

Is it time to fly the friendly sky’s again?

Airline stocks are getting a boost this morning in premarket trading as U.S. booking trends continue to improve off their historic lows.  Also, in the mix, several European nations have set plans to lift travel bans in June on a nation-by-nation basis.  Spain said it will lift the mandatory two-week quarantine for travelers arriving from overseas starting July 1.  Airline companies will start using coronavirus safety protocols to lure back anxious passengers such as United Airlines (UAL), who will use sneeze guards at check-in counters.  United also will be partnering up with Clorox (CLX) for enhanced cleaning of their jets.  JetBlue (JBLU) will block middle seats on Airbus planes, while other airlines will enhance their cleaning procedures using disinfectants that are effective against viruses.  Shares of United, JetBlue, Delta (DAL) and American Airlines (AAL) are all up more than 5% in the premarket.

 

Market Movers and Shakers (as of this writing)

S&P 500 futures (/ES) +2.0%, near 3013

U.S. Crude Oil futures (/CL) 3.4%, near $34.35 a barrel

CBOE Volatility Index (VIX) -1.8%, near 27.60

U.S. Gold Futures (/GC) -0.7%, near $1723 an ounce

 

Economic Releases (5/26-5/29):

 

Monday:

Memorial Day

Banking and U.S. Markets Closed

 

Tuesday:

7:30 am CT – Chicago Fed National Activity Index

8:00 am CT – FHFA House Price Index

8:00 am CT – S&P Corelogic Case-Shiller HPI

9:00 am CT – Consumer Confidence

9:00 am CT – New Home Sales

9:30 am CT – Dallas Fed Mfg Survey

10:00 am CT – Export Inspections

2:00 pm CT – Crop Progress

 

Wednesday:

6:00 am CT – MBA Mortgage Applications

7:00 am CT – Bank Reserve Settlement

7:55 am CT – Redbook

9:00 am CT – Richmond Fed Manufacturing Index

9:00 am CT – State Street Investor Confidence Index

12:00 pm CT – 5-Yr Note Auction

1:00 pm CT – Beige Book

 

Thursday:

7:30 am CT – Corporate Profits

7:30 am CT – Durable Goods Orders

7:30 am CT – GDP

7:30 am CT – Jobless Claims

9:00 am CT – Pending Home Sales Index

9:30 am CT – EIA Natural Gas Report

10:00 am CT – EIA Petroleum Status Report

12:00 pm CT – Kansas City Fed Manufacturing Index

12:00 pm CT – 7-Yr Note Auction

3:30 pm CT – Fed Balance Sheet

3:30 pm CT – Money Supply

 

Friday:

7:30 am CT – International Trade in Goods

7:30 am CT – Personal Income and Outlays

7:30 am CT – Retail Inventories (Advance)

7:30 am CT – Wholesale Inventories (Advance)

8:45 am CT – Chicago PMI

9:00 am CT – Consumer Sentiment

10:00 am CT – Federal Reserve Chairman Jerome Powell Speech

12:00 pm CT – Baker-Hughes Rig Count

 

Major Earnings for the Upcoming Week (5/26-5/29):

 

Monday:

Memorial Day

Banking and U.S. Markets Closed

 

Tuesday:

A.M. – ATHM, AZO, BAH, BNS, DOYU, DUO, HIBB, LL, MBT, MMYT, PLAN,

P.M. – HEI, IVR, KEYS, STNE, WUBA, 

 

Wednesday:

A.M. – BMO, BZUN, CPRI, GOOS, RL, RY, TGI, TTM

P.M. ADSK, BEST, BOX, HPQ, NTAP, NTNX, PLT, PVH, SPTN, TOL, WDAY

 

Thursday:

A.M. – ANF, BURL, CM, CSIQ, DBI, DG, DLTR, GLNG, MOMO, NGL, NIO, SHOO, TD, TECDM

P.M.– ADVM, AFYA, COST, CRM, DELL, DXC, GME, GPS, JWN, MRVL, OKTA, OLLI, PAGS, PSTG, RRGB, SPWH, TCOM, ULTA, VEEV, WSM, YEXT, ZS

 

Friday:

A.M. BIG, BI, SOL

P.M.– N/A

 

Option Trade Ideas for your Inbox! Get 2 Free Strategies for 60 days email support@tradewise.com or call 877.733.6786*

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60 days each: Use coupon code Marketblog to apply this trial on your current account at www.tradewise.com or contact us at support@tradewise.com