April 24, 2016 The Week Ahead
The S&P 500 finished the week slightly higher, still within close distance from the all-time highs. Not too shabby considering many of the earnings out have been rather weak. In terms of this upcoming week, we’ll be stuffed with earnings and economic data.
For example, we’ll have earnings out of Amazon, Apple, Facebook, and Exxon just to name a few. In addition, an FOMC announcement on Wednesday and GDP on Thursday.
The VIX closed the week slowly, at 13.22. This makes 8 straight trading days that the VIX has closed below 14, making it the longest streak of the year.
Crude oil finished the week about 8% higher from last Friday. For many, this came as a surprise given there was no real positives that came out of the Doha meeting. With that said, the futures shrugged that off after Monday’s sell-off.
Here’s what’s on tap for this week coming up…
Key Economic Data:
25 April 2016- New Home Sales 10:00 AM ET
26 April 2016- Durable Goods Orders 8:30 AM ET
28 April 2016- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET
29 April 2016- Personal Income and Outlays 8:30 AM ET
Key Earnings:
25 April 2016- FDC, HAL, KKR, LH, XRX, AGNC, CDNS, ESRX, KN, NBR, NXPI, PXD, SWFT, ZION, RE
26 April 2016- AKS, ALLY, BAX, BP, CNX, COH, DD, FCX, GLW, HSY, IR, JBLU, JNS, LLY, LMT, MAS, MHFI, MMM, ODP, PCAR, PG, PH, R, RAI, SAVE, SPG, STAY, SVU, TMUS, WAT, WYN, APPL, AKAM, ASH, BWLD, BYD, CAKE, CMG, CREE, COF, CRUS, EBAY, EW, FTNT, IRBT, NCR, PNRA, SLCA, T, TEX, TWTR, TX, X
27 April 2016- ANTM, BA, BEN, BHI, CMCSA, DPS, GSK, GRMN, HES, HLT, IP, LLL, MDLZ, NDAQ, NOC, SC, SO, UTX, AVB, FB, FSLR, HOLX, INFN, MAR, WLL, XLNX
28 April 2016- ABBV, ADP, AET, APD, BMY, CAB, CAH, CELG, CL, CLF, CME, COMM, COP, DB, DOW, DPZ, F, MA, MJN, MO, MPC, NOV, TMO, PTEN, RTN, TWC, UPS, VALE, VIAB, AMGN, AMZN, CATM, EXPE, FLEX, JNPR, LNKD, OUTR, P, QLIK, STRZA, SWKS, WDC
29 April 2016- CBOE, PSX, SHPG, XOM, TYC