July 23, 2017 The Week Ahead
Nearly all major indices closed the week higher, except for the Dow Jones Industrials, which was due to weakness seen in IBM, General Electric, Home Depot, and Goldman Sachs.
The VIX closed right near 52-week lows, at 9.36 on Friday.
However, for the most part, earnings have been decent thus far. Going into next week, we’ll be on the lookout for earnings numbers from: Facebook, Alphabet, Amazon, Intel, and Coca-Cola to name a few.
In addition to a busy earnings schedule, traders will be focused on economic data being released. The most important being the FOMC Meeting Announcement and GDP.
Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) 0.54%, iShares Russell 2000 (IWM) +0.58%, SPDR Dow Jones Industrials Average ETF (DIA) -0.34%, and PowerShares QQQ ETF (QQQ) +1.40%
Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -2.61%, iShares 20+ Year Treasury Bond (TLT) +1.91%, SPDR Gold Shares (GLD) +2.13%.
Below you’ll find what is else is on the schedule for the week:
Economic Releases:
24 July 2017- PMI Composite Flash 9:45 AM ET; Existing Home Sales 10:00 AM ET
26 July 2017- New Home Sales 10:00 AM ET; EIA Petroleum Status Report 10:30 Am ET; FOMC Meeting Announcement 2:00 PM ET
27 July 2017- Durable Goods Orders 8:30 AM ET; International Trade in Goods 8:30 AM ET; Jobless Claims 8:30 AM ET
28 July 2017- GDP 8:30 AM ET
Key Earnings:
24 July 2017- ARNC, HAS, HAL, ITW, LII, MAN, MAS, SWK, VFC, APC, CDNS, GOOGL, HXL, MC, RE, SANM
25 July 2017- AKS, BIIB, CAT, DD, DGX, DPZ, FCX, GM, HCA, IPG, JBLU, KMB, LLY, LW, MCD, NEM, PCAR, PHM, PNR, STX, SVU, TRWO, TRU, UTX, WAT, AKAM, AMD, AMGN, CB, CMG, DLB, IRBT, ESRX, JNPR, QTS, RHI, SFLY, T, TXN, UHS, ZION, X
26 July 2017- ALK, ANTM, BA, BAX, DHI, F, FLIR, GD, GLW, HES, HLT, HSY, IR, KO, LEA, LH, NDAQ, NOC, NYCB, PSA, ROK, SIX, STT, TMO, TUP, WM, BWLD, DFS, EW, FB, FFIV, GILD, HST, HUBG, IMAX, KIM , KN, LPSN, LRCX, KIM, MAA, MLNX, NOW, ORLY, PYPL, RCII, TSCO, VAR, VRTX, XLNX
27 July 2017- ADP, ALLY, ALXN, AMT, BMY, BSX, BWA, CELG, CHTR, CLF, CMCSA, COP, DNKN, DOW, DPS, EQT, EVR, GNC, HUN, IP, IVZ, JCI, KKR, LAZ, LUV, MA, MAS, MO, NLSN, PG, RTN, SIRI, TWTR, UPS, VLO, VZ, WWE, ZBH, ALGN, AMZN, BIDU, BYD, CERN, EA, EIX, ELLI, EXPE, GIMO, HIG, INTC, KLAC, LOGM, MAT, MHK, NOV, RSG, SBUX, VRSN, WDC
28 July 2017- ABBV, APA, BEN, BHGE, COG, COL, CVX, HCN, IRM, LYB, MRK, PEG, WY, XOM
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