April 16, 2018 The Week Ahead
Stocks bounced back this week, but there is still plenty of uncertainty in the market. Concerns include: upcoming earnings, geopolitical tensions, as well as the ongoing battle between President Trump and the media.
That said, Wall Street is going to be most concerned about earnings, and whether or not the bull market can continue.
Some key earnings to watch include: Netflix, Johnson & Johnson, General Electric, and Procter & Gamble.
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +3.03%, SPDR S&P 500 ETF (SPY) +2.09%, SPDR Dow Jones Industrial Average ETF (DIA) +1.86%, iShares Russell 2000 ETF (IWM) +2.39%
The VIX dropped below, closing at 17.41 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +8.31%, iShares 20+ Year Treasury Bond (TLT) -0.17%, SPDR Gold Shares (GLD) +0.84%
Economic Releases:
16 April 2018- Retail Sales 8:30 AM ET
17 April 2018- Housing Starts 8:30 AM ET; Industrial Production 9:15 AM ET
18 April 2018- EIA Petroleum Status Report 10:30 AM ET
19 April 2018- Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM ET
Key Earnings:
16 April 2018- BAC, NFLX, JBHT
17 April 2018- GS, JNJ, UNH, CSX, IBM, ISRG, LRCX, UAL, IBKR, BMI, ADTN, CMA
18 April 2018- MS, TXT, USB, ASML, AA, AXP, BHP, CP, CCI, STLD, URI
19 April 2018- BK, DHR, KEY, NUE, VMI, ETFC, BX, DGX, NVS, PM, UN
20 April 2018- CLF, GE, HON, KSU, PG, RF, ROP, SLB, STT, SWK, WM
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