January 24, 2017 Market Wrap Up
The markets closed the day relatively strong. The S&P 500, Dow Jones Industrials, Nasdaq, and Russell 2000 all finished green. With that said, the Dow Jones Industrials are less than 100 points from 20k.
Some strong earnings performers included: Alibaba Group (BABA), Du Pont (DD), and Kimberly Clark (KMB)
Some weak earnings performers included: Johnson & Johnson (JNJ) and AK Steel (AKS)
The VIX continues to move lower, it closed at 11.07, down nearly 6% on the day.
Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +0.44%, iShares 20+ Year Treasury Bond (TLT) -0.69%, SPDR Gold Shares (GLD) -0.45%.
On the options front, we saw large call buying activity in CONE Midstream Partners (CNNX), which traded 15.3 times normal option volume. In addition, we saw heavy put buying in LSB Industries Inc (LXU), which traded 10.5 times normal option volume.
Earnings will continue to be the theme for the rest of the week and the next couple. Check below:
Key Economic Data:
25 Jan 2017- EIA Petroleum Status Report 10:30 AM ET
26 Jan 2017- International Trade in Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, New Home Sales 10:00 AM ET
Key Earnings Release Dates:
25 Jan 2017- BA, EAT, FCX, HBAN, HES, PG, NSC, NVS, NYCB, PGR, ROK, SC, STT, TXT, UTX, CCI, EBAY, FFIV, LRCX, LVS, MCK, PUB, QCOM, URI, VRTX, WDC
26 Jan 2017- AEP, ALK, BHI, CAT, CELG, DGX, DOV, DOW, F, HP, JBLU, LEA, LLL, LUV, MJN, NOC, RCI, EFTC, FLEX, GOOG, INTC, JNPR, KLAC, MSFT, PYPL, SBUX, SYNA, SWFT, VMW
27 Jan 2017- ABBV, APD, BEN, CL, CVX, HON, UBS
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