August 13, 2018 The Week Ahead
Stocks were mixed during the week as geopolitics grabbed the headlines. Concerns over further escalating tariffs and the ongoing currency crisis in Turkey were among the top stories of the week. Interestingly, gold did not rally off any of these events despite it being viewed as a safe haven investment.
The number of earnings releases are starting slow down and there isn’t much on the economic schedule this week.
Stocks in play during the week included: NWL -21.6%, MTCH +34.16%, KORS +13.12%, ROKU +24.92%, and TM -5.38%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +0.24%, SPDR S&P 500 ETF (SPY) -0.16%, SPDR Dow Jones Industrial Average ETF (DIA) -0.43%, iShares Russell 2000 ETF (IWM) +0.69%
The VIX closed at 13.20 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -1.33%, iShares 20+ Year Treasury Bond (TLT) +1.21%, SPDR Gold Shares (GLD) -0.20%
Economic Releases:
15 Aug 2018- Retail Sales 8:30 AM ET; Industrial Production 9:15 AM ET; EIA Petroleum Status Report 10:30 AM ET
16 Aug 2018- Housing Starts 8:30 AM ET; Jobless Claims 8:30 AM ET; Philly Fed Survey 8:30 AM ET
Key Earnings:
13 Aug 2018- SYY, SWCH, EQH
14 Aug 2018- AAP, CDK, EAT, HD, A, MYGN, VIAV, WYY
15 Aug 2018- LXFT, M, CSCO, NTAP
16 Aug 2018- JCP, JD, MSG, WMT, AMAT, JWN, NVDA, VNET, ZOES
17 Aug 2018- DE
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