April 29, 2018 The Week Ahead
Stocks closed relatively flat during the week as earnings continue to pour on through. Going into next week traders will be focused on the FOMC meeting and more earnings. Some of the key earnings beats last week included Amazon, Intel, and Microsoft.
Geopolitical risk has gotten lower after news that South Korea and North Korea are in heavy peace talks. That said volatility in the market is also coming in.
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -0.13%, SPDR S&P 500 ETF (SPY) -0.02%, SPDR Dow Jones Industrial Average ETF (DIA) -0.63%, iShares Russell 2000 ETF (IWM) -0.55%
The VIX dropped during the week, closing at 15.40 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -0.15%, iShares 20+ Year Treasury Bond (TLT) +0.36%, SPDR Gold Shares (GLD) -0.89%
Economic Releases:
30 April 2018- Chicago PMI 9:45 AM ET; Pending Home Sales 10:30 AM ET
1 May 2018- Motor Vehicle Sales; PMI Manufacturing 9:45 AM ET; ISM 10:00 AM ET
2 May 2018- EIA Petroleum Status Report 10:30 AM ET; FOMC Meeting Announcement 2:00 PM ET
3 May 2018- International Trade 8:30 AM ET; Jobless Claims 8:30 AM ET
4 May 2018- Employment Situation 8:30 AM ET
Key Earnings:
30 April 2018- AGN, AKS, ARNC, CTB, FDC, MCD, L, MOH, AKAM, IDTI, SBAC, THC
1 May 2018- ADM, AMT, BP, CMI, COMM, CVLT, EMR, ETN, INCY, LLL, MARK, PFE, SHOP, STX, UA, WCG, WDR, ASH, CHRW, DVN, EIX, GILD, JNPR, MDLZ, NCR, NUVA, PAYC, SNAP, WU, ZEN
2 May 2018- ABC, ADP, BG, CLX, CVS, EL, ENR, EXC, GRMN, HFC, HUM, MA, PNW, SSYS, TAP, W, YUM, ZTS, AIG, AWK, ARI, BAND, CERN, CONE, CRUS, DATA, DDD, FEYE, EQIX, HOLX, H, LNC, LOGI, MET, PXD, SQ, VVV, XPO
3 May 2018- APRN, AVP, BCE, BDX, BLL, CAH, CHD, CI, DWDP, GOLF, GPN, ICE, K, PF, SFM, WWE, ANET, ATVI, ALRM, CBS, CYBR, FTNT, GPRO, HLF, OLED, SWKS, ZAYO
4 May 2018- VFC, BNP, AON, CELG, CBOE
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