July 29, 2018 The Week Ahead
Stocks were mixed as earnings continue to roll on. On Friday, we posted one of the highest quarterly GDP number in four years, at 4.1%
Going into next week, market participants will be watching what comes out of the FOMC announcement, as well as another busy earnings week.
Stocks in play during the week included: TWTR -21.4%, GRUB +17.03%, and FB -16.7%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -0.77%, SPDR S&P 500 ETF (SPY) +0.62%, SPDR Dow Jones Industrial Average ETF (DIA) +1.53%, iShares Russell 2000 ETF (IWM) -1.91%
The VIX closed at 13.03 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +1.20%, iShares 20+ Year Treasury Bond (TLT) -1.08%, SPDR Gold Shares (GLD) -0.63%.
Economic Releases:
31 July 2018- Personal Income and Outlays 8:30 AM ET
1 Aug 2018- ISM Mfg Index 10:0 AM ET; EIA Petroleum Status Report 10:30 AM ET; FOMC Meeting Announcement 2:00 PM ET
2 Aug 2018- Jobless Claims 8:30 AM ET
3 Aug 2018- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET
Key Earnings:
30 July 2018- CAT, BAH, BLMN, CRCM, FDC, KBR, L, STX, AKS, AVB, KLAC, UDR, SBAC, SPWR, TNET, UDR, VNO
31 July 2018- ARNC, BP, CHTR, CS, FIS, HRS, HUN, MAS, PFE, SHOP, VNTR, XYL
1 Aug 2018- FLOW, BNP, ENR, FLOW, GRMN, HUM, SODA, SSYS, TAP, TEX, CENX, FEYE, FIT, MET, YUMC, WYNN, ZNGA, WMB, HLF, TSLA, ADP, TRIP, FEYE, CRUS, CONE, CF
2 Aug 2018- AET, AVP, CI, CTSH, DWDP, HFC, ICE, K, MGM, SFM, TEVA, W, WLTW, YUM, ZTS, BMRN, CARB, CBS, CERN, DATA, NUS, SHAK, TTWO, WU
3 Aug 2018- CBOE, KHC, LYB, AXL
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