February 12, 2017 The Week Ahead

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The markets keep rolling higher… seems like nearly every other day an all-time high is being made. For the S&P 500, that makes 3 straight weeks where it’s gained. Despite the majority of the media hating on the new President, the markets are painting a totally different picture.

President Trump has announced that he has plans to make some major changes to the tax code. Some market participants believe that this will benefit corporations greatly. This might explain some of the recent optimism in the markets.

Earnings continue to pour in. Thus far, they haven’t been especially great nor especially bad. One only needs to look at the VIX to get that picture. The VIX closed the week below 11, at $10.85.

Moving on to gold and oil.

Crude oil futures closed the week slightly higher, gaining the last three days and ending up .10%. In precious metals, gold futures prices finished the week higher, gaining more than 1.1%

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -0.35%, iShares 20+ Year Treasury Bond (TLT) +1.48%, SPDR Gold Shares (GLD) +1.27%.

Some key earnings include: Teva Pharmaceuticals, T-Mobile, McDonald’s, and PepsiCo, Inc.

Here is a list of some events that traders will be following:

Key Economic Data:
14 Feb 2017- PPI 8:30 AM ET
15 Feb 2017- Consumer Price Index 8:30 AM ET, Retail Sales 8:30 AM ET, Industrial Production 9:15 AM ET, EIA Petroleum Status Report 10:30 AM ET
16 Feb 2017- Housing Starts 8:30 AM, Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET

Key Earnings:
13 Feb 2017- FDC, HCP, ON, TEVA, VSM, AMKR, BRKR, CRX, CSOD, FLO, GPOR, OMF, VNO
14 Feb 2017- AMAG, CS, DBD, DISCA, DPS, GNRC, FLIR, INCY, SALE, TAP, TMUS, TRU, VG, A, AIG, BYD, CALX, CSR, DVN, ENLK, ESRX, FANG, FOSL, HIVE, HUBS, LC, NBIX, VDSI
15 Feb 2017- ANGI, GRPN, HLT, LAD, OZM, PEP, SHOP, SODA, SONS, WIX, WYN, AMAT, CAR, CBS, CC, CF, CSCO, CVA, GDDY, GRPN, HAWK, KHC, MAR, MRO, NLY, NTAP, NTES, PKD, SPWR, TIVO, TRIP, WMB, WPZ
16 Feb 2017- AVP, CAB, CHTR, ALXN, DF, DUK, EPAM, GNC, H, MGM, NCI, RS, TIME, TPX, WEN, ZTS, WM, ANET, BCOV, CUBE, DVA, ED, FLS, KEYS, TRUE, WWAV
17 Feb 2017- AAN, CPB, CTB, DE, FNMA, MCD, VFC, SJM, LPNT, FLR

Key Events:
14 Feb 2017- Goldman Sachs Technology & Internet Conference (runs till 2/16)
15 Feb 2017- Leerink Global Healthcare Conference (runs till 2/16)

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February 7, 2017 Market Wrap Up

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The markets closed the day mixed on below average trading volume. One interesting note coming out of Bespoke, was that the S&P 500 has gone 80 sessions without a single down day of 1% or lower. Again, that’s pretty amazing considering all the media attention we’ve had surrounding US politics.

Some strong earnings performers included: Cardinal Health (CAH) and National Oilwell (NOV)

Some weak earnings performers included: Disney (DIS), Michael Kors (KORS), and General Motors (GM).

The VIX closed lower today, and is still trading below the 12 mark, as it ended the day at 11.29.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -1.67%, iShares 20+ Year Treasury Bond (TLT) +0.74%, SPDR Gold Shares (GLD) -0.24%.

On the options front, we saw large call buying activity in Denbury Resources (DNR), which traded 8.7 times normal option volume. In addition, we saw heavy put buying in Infinera Corporation (INFN), which traded 3.4 times normal option volume.

Here is what is left for the rest of the week:


Key Economic Data:
8 Feb 2017- EIA Petroleum Status Report 10:30 AM ET
9 Feb 2017- Jobless Claims 8:30 AM

Key Earnings:
8 Feb 2017- AXTA, CTSH, EXC, GRA, GRUB, HUM, LPX, RIO, OC, SNY, TWX, VOYA, DNB, FISV, GLUU, IRBT, LVLT, MC, PAYC, SCSS, TRMB, TYL, WFM, ZEN
9 Feb 2017- BATS, BWA, BZH, CLF, COTY, CVS, DNKN, K, KKR, KO, LIVE, MAS, MHK, OXY, PTEN, RAI, TDC, TWTR, VIAB, VRTU, WWE, YUM, ATVI, CERN, CYBR, EXPE, INFN, JCOM, LPLA, MNK, NCR, MPWR, NVDA, NWSA, P, RICK, UBNT, VRSN, WU, YELP, ZAYO, ZNGA
10 Feb 2017- AXL, G, MT

Key Events:
6 Feb 2017- Credit Suisse Financial Services Forum (runs till 2/8)
8 Feb 2017- Cowen 38th Annual Aerospace, Defense & Industrials Conference (runs till 2/9)
9 Feb 2017- KBW Winter Financial Services Symposium (runs till 2/10)

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February 2, 2017 Market Wrap Up

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The markets closed the day relatively weak after the FOMC’s interest rate decision. With that said, earnings continue to dominate the news along with politics. After a hot start, the Dow Jones Industrial Averages are now down 4 out of the last 5 sessions.

Some strong earnings performers included: Philip Morris (PM) and Tableau Software (DATA)

Some weak earnings performers included: Fireeye (FEYE), Ralph Lauren (RL), and Amazon.com (AMZN)

The VIX closed higher today, but still below the 12 mark, as it ended the day at 11.93.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +0.26%, iShares 20+ Year Treasury Bond (TLT) -0.04%, SPDR Gold Shares (GLD) +0.56%.

On the options front, we saw large call buying activity in RH (RH), which traded 3.7 times normal option volume. In addition, we saw heavy put buying in Cerus Corp (CERS), which traded 12.6 times normal option volume.

Here is what is left for tomorrow:

Key Economic Data:
3 Feb 2017- Employment Situation 8:30 AM ET

Key Earnings Release Dates:
3 Feb 2017- AN, APO, HSY, WY

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