March 7, 2017 The Week Ahead

March 7, 2017 tvcuser Education, Trading DKS, GLD, HRB, nav, NMBL, nwsa, seac, TLT, USO

The markets sold off today on rather light volume. The Russell 2000 being the one getting hit the most, dropping 0.69%, while the Dow Jones Industrials were down 0.14%, and the S&P 500 was down 0.29%. However, the intraday ranges still remain tight. Interestingly, the tech sector was the only one up on the day.

Strong earnings performers included: H&R Block (HRB) and Nimble Storage (NMBL)

Weak earnings performers included: Dick’s Sporting Goods (DKS) and Navistar International (NAV)

ETF Performers: United States Oil Fund (USO) -0.18%, iShares 20+ Year Treasury Bond (TLT) -0.30%, SPDR Gold Shares (GLD) -0.81%.

On the options front, we saw large call buying activity in Seachange International (SEAC), which traded 250 times normal option volume. In addition, we saw heavy put buying in News Corp (NWSA), which traded 79 times normal option volume.

One of the big events on the week is the ECB meeting which will be held on Thursday. In addition, the FOMC meeting will be held next week.

Key Economic Data:
8 March 2017- EIA Petroleum Status Report 10:30 AM ET
9 March 2017- ECB Central Bank (ECB) policy decision at 7:45 AM ET, Jobless Claims 8:30 AM ET
10 March 2017- Employment Situation 8:30 AM ET

Key Earnings:
8 March 2017- CIEN, EXPR, BOBE, HOV, OA, SMRT, VAL, CWH, RATE, VVUS, UNFI, WATT
9 March 2017- FCEL, PRTY, SIG, SSYS, ZUMZ, FNSR, FRPT, LOCO, PAY, ULTA

Key Events:
6 March 2017- Citigroup 22nd Annual Global Property CEO Conference (runs till ⅜); Cowen 37th Annual Healthcare Conference (runs till ⅜); Deutsche Bank 25th Annual, Media, Internet and Telecom Conference runs till (⅜); Raymond James 38th Annual Institutional Investors Conference (runs till ⅜)

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August 14, 2016 The Week Ahead

August 14, 2016 tvcuser Education, Trading Conferences, Crude Oil, DKS, Earnings, Economic Data, Gold Futures, HD, LOW, S&P 500, T-Bond Futures, TGT, VIX, WMT

The S&P 500 closed the week nearly unchanged, holding on to record high levels. Earnings have been fairly decent across the board as we head into next week. Despite the market being near all-time highs, it hasn’t really been met with too much excitement as witnessed by the below average trading volume.

The VIX didn’t really change much from the previous Friday’s close, still trading below 12 at 11.55.

Crude oil futures prices gained more than 6% on the week. OPEC is set to meet next month, earlier in the week, the Saudi Oil Minister made comments that they’d be willing to work with other OPEC nations to stabilize prices.

Moving on, gold futures prices were relatively unchanged. In addition, T-bond futures prices gained nearly 1%, and are now about 2.5% off their 52-week highs.

Earnings season is slowing down, but we’ll be hearing from big retailers like Dick’s Sporting Goods (DKS), Home Depot (HD), Lowe’s (LOW), Target (TGT), and WalMart (WMT) just to name a few.

Here is what else is on the schedule for the upcoming week:

Key Economic Data:
16 Aug 2016- Consumer Price Index 8:30 AM ET, Housing Starts 8:30 AM ET, Industrial Production 9:15 AM ET
17 Aug 2016- EIA Petroleum Status Report 10:30 AM ET, FOMC Minutes 2:00 PM ET
18 Aug 2016- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET

Key Earnings:
15 Aug 2016- SYY
16 Aug 2016- AAP, COTY, DKS, HD, TJX, CREE, URBN
17 Aug 2016- AEO, LOW, SPLS, TGT, A, CSCO, NTAP
18 Aug 2016- BONT, WMT, AMAT, GPS, ROST, DV
19 Aug 2016- DE, EL, FL, MSG

Key Conferences:
15 Aug 2016- Enercom Energy Conference (runs till 8/18)

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