October 19, 2015 The Week Ahead
The S&P 500 ended the week on an absolute tear. In fact, we’re up 3% on the month.
With that said, the VIX closed around 15, a signal that fear has subsided substantially over the last couple months.
Very impressive despite weakness out of the likes of Wal-Mart and the pharmaceutical companies.
Crude Oil futures closed the week lower after a nice run-up last week. The United States Oil Fund (USO) was down more than 3% on the week.
Earnings season continues to pick up steam this week as we’ve got earnings from Amazon, Chipotle Mexican Grill, Procter & Gamble, Coca-Cola, and Ebay to name a few.
Key Economic Data:
20 October 2015- Housing Starts 8:30 AM ET
22 October 2015- Jobless Claims 8:30 AM ET, Existing Home Sales 10:00 AM ET
Key Earnings:
19 October 2015- HAL, HAS, VRX, MS, IBM, RMBS, VALE, STLD, ZION
20 October 2015- CMG, CREE, DFS, ILMN, IRBT, ISRG, NAVI, PKG, VMW, YHOO, HOG, SAP, UTX, VZ
21 October 2015- BA, GM, IPG, KMB, KO, STJ, SVU, TEX, CAKE, CCI, EBAY, MLNX, SNDK, TXN, URI, WFT
22 October 2015- BEN, CAM, CAT, DAN, CY, DGX, DNKN, DOW, DPS, FCX, LLY, JNS, LAZ, LUV, MCD, MJN, MMM, NDAQ, SWK, ALTR, AMZN, ATHN, COF, MSFT, QLIK, SYNA, T
23 October 2015- AAL, PG