January 24, 2016 The Week Ahead
The S&P 500 had its first positive week on the year. However, despite being up 3 out of 4 trading sessions, there still seems to be a lot of fear in the markets. We had about a 100 point range from the highs to lows (1812-1906).
A lot of eyes are on the Asian Markets, as well as the world energy market. Crude Oil prices have had a nice bounce after trading below $30 per barrel. They finished the week up, about 7% or so. However, it’s too early to tell if the bottom is in or we’re just seeing a dead-cat bounce.
The VIX waited till Friday to sell-off hard. Overall, it closed the week more than 15% lower. With that said, it’s still trading above 22.
This is an incredibly busy week, which includes an army of earnings releases and economic data. Some of those highlights include the FOMC Meeting and GDP numbers on Friday. Earnings will cover several sectors including pharmaceuticals, energy, defense, technology, and transportation.
Reporting this week: Apple (AAPL), Microsoft (MSFT), Facebook (FB), Amazon (AMZN), Caterpillar (CAT), Halliburton (HAL), Eli Lilly (LLY), and a whole lot more.
Here’s what else is on tap:
Key Economic Data:
27 January 2016- New Home Sales 10:00 AM ET, FOMC Meeting Announcement 2:00 PM ET
28 January 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
29 January 2016- GDP 8:30 AM ET, International Trade in Goods 8:30n AM ET
Key Earnings:
25 January 2016- DHI, HAL, KMB, MCD, ASH, PKG, SWFT, ZION, STLD
26 January 2016- DD, COH, FCX, GLW, JNJ, JNS, LMT, MMM, PG, PH, WAT, AAPL, CB, COF, NAVI, SYK, T, X
27 January 2016- BA, CLF, EMC, NVS, STJ, STM, TUP, CAVM, CRUS, CTXS, FB, INVN, HOLX, JNPR, LRCX, MLNX, MCK, QCOM, PYPL, SNDK, TER, TSCO, TXN, URI, VRTX
28 January 2016- ABT, BMY, DGX, F, CAT, CELG, CY, DB, HOG, JBLU, LLY, NDAQ, UA, V, VLO, POT, NUE, HSY, AMZN, EA, FLEX, SYNA, SWKS, MSFT, NOC
29 January 2016- AAL, ABBV, PCAR, APD, CL, CVX, HON, MA, PCAR, PSX, XRX