Stock Market Watch for the Week of February 4th

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Stocks closed the month of January strong, as it had its best start to the year since 1987. It all happened while the government was mostly shut down, and trade talks between China still ongoing.

That said, comments out of the Federal Reserve Bank, have been the main driver for the rally in the stock market. On January 30, the FOMC decided to leave interest rates untouched. Also, they removed references of further gradual rate increases, as they plan to continue with current floor approach.

In other words, the Fed is doing its best to please the markets. That said, the focus for the coming week is the State of the Union Address, earnings, and more earnings. We’ll be getting quarterly results from Alphabet, Disney, Electronic Arts, and GM.

So far, earnings have been mixed. For example, Amazon, Nvidia, and Apple have guided lower, while oil companies like Exxon and Chevron are starting to break out towards the upside.

That said, volatility has come in a lot since December 24, when the VIX traded above 36. However, it closed at 16.16 on Friday, a sign that traders are becoming complacent once again.

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Source: Yahoo

Here are how some of the most actively traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.61%, iShares Russell 2000 ETF (IWM) +1.25%, SPDR Dow Jones Industrial Average ETF (DIA) +1.25%, Invesco QQQ Trust (QQQ) +1.39%

Here are how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) +3.38%, iShares 20+ Year Treasury Bond (TLT) +0.36%, SPDR Gold Shares (GLD) +1.33%

Economic Releases:
5 Feb 2019- State of the Union Address 9PM ET

6 Feb 2019- International Trade 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET

7 Feb 2019- Jobless Claims 8:30 AM ET

Key Earnings:
4 Feb 2019- GOOGL, STX, WSM, GILD, ON, CLX, SYY, ALXN

5 Feb 2019- ADM, EL, EMR, ENR, HUBB, LAZ, RL, VIAB, WCG, WDR, APC, CERN, DATA, DIS, EA, GNW, MCHP, PAA, PAYC, SFLY, SKY, SNAP, SWKS, ULTI, VOYA, ZEN, VRTX

6 Feb 2019- BSX, GM, HUM, LLY, REGN, TTWO, WD, CMG, ELY, FEYE, GPRO, HIVE, IRBT, NEWR, MET, ORLY, PRU, ZNGA, WERN, VVV

7 Feb 2019- ADNT, AMAG, CAH, DNKN, EIGI, GRUB, HAIN, K, LEE, LH, PENN, TWTR, WWE, YUM, ANGI, EXPE, FISV, G, HUBG, IAC, MAT, NCR, QRVO, VRSN, VRTU

8 Feb 2019- ARNC, CBOE, CLF, COTY, EXC, PSX, RDN

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February 4, 2018 The Week Ahead

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The markets saw their first true taste of volatility under the Trump Presidency, as the Dow Jones Industrials fell by more than 665 points on Friday. The catalyst appears to be inflation concerns. Some Fed officials believe we’ll have multiple interest rate hikes this year.

The VIX closed at its highest level of the year, 17.21, on Friday.

graph
Source: TradingView

Over 100 S&P 500 stocks reported earnings on Friday, that said, there are plenty to look out for this coming week, some of them include: Nvidia, General Motors, Disney, and Tesla.

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ): -3.7%; SPDR S&P 500 ETF (SPY): -3.88%; SPDR Dow Jones Industrial Average ETF (DIA): -4.13%; iShares Russell 2000 ETF (IWM) -3.62%

Here is how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -1.51%, iShares 20+ Year Treasury Bond (TLT) -3.24%, SPDR Gold Shares (GLD) -1.31%.

Economic Releases:
5 Feb 2018- ISM Manufacturing Index 10:00 AM ET

6 Feb 2018- International Trade 8:30 AM ET

7 Feb 2018- EIA Petroleum Status Report 10:30 AM ET

8 Feb 2018- Jobless Claims 8:30 AM ET

Key Earnings:
5 Feb 2018- ARNC, BMY, CHD, HES, ON, SYY, CRUS, FN, NOV, OCLR, RE, SWKS

6 Feb 2018- ABC, ADM, ARW, AXTA, BDX, CNC, DNKN, EMR, FLOW, GM, SAVE, AKAM, APC, BZH, CMG, DIS, EXTR, GILD, MCHP, MTSI, NEWR, NTGR, SNAP, PXD

7 Feb 2018- CDW, CTSH, BILL, HAIN, HAS, HUM, ICE, KORS, TRVG, XEL, ALL, CCK, FISV, FORM, IAC, INFN, IRBT, NTES, NXPI, PRI, PRU, TSLA, TTWO, YELP, ZAYO, ZNGA

8 Feb 2018- BR, BWA, CAH, COTY, CVS, GRUB, K, KKR, MANU, MAS, NLSN, PM, SEE, TEVA, TSN, TWTR, VIAB, WLTW, WWE, YUM, AIG, ATVI, AIZ, DXC, EXPE, FEYE, IMPV, MOBL, MTW, NCR, NUAN, NVDA, NWSA, PCTY, UIS, VRSN, WEB, ZG

9 Feb 2018- CBOE, MCO, PCG

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August 6, 2017 The Week Ahead

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It was another strong week for the stock market as both the S&P 500 and Dow Jones Industrials posted gains. Job growth came stronger than expected and unemployment hit a 16 year low at 4.3%.

Earnings thus far have been mixed, but results from Apple were strong as shares of the stock gained 4.6% on the week.

Earnings coming out for the week include: Disney, Nvidia, and retailers like Macy’s and Nordstrom.

Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +0.20%, iShares Russell 2000 (IWM) -1.23%, SPDR Dow Jones Industrials Average ETF (DIA) +1.17%, and PowerShares QQQ ETF (QQQ) -0.13%

Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -0.39%, iShares 20+ Year Treasury Bond (TLT) +0.84%, SPDR Gold Shares (GLD) -0.86%.

Below you’ll find what is else is on the schedule for the week:

Economic Releases:
9 August 2017- EIA Petroleum Status Report 10:30 AM ET
10 August 2017- Jobless Claims 8:30 AM ET, PPI 8:30 AM ET
11 August 2017- Consumer Price Index 8:30 AM ET

Key Earnings:
7 August 2017- BAH, GOGO, CAR, LC, LQ, MAR, MTW, THC, TWLO
8 August 2017- CABO, CVS, DF, ENDP, EXPD, IEP, KORS, LAMR, LNG, MNK, QVCA, RL, SEAS, SEE, TDG, TIME, VRX, ZBRA, ZTS, BUFF, CYBR, DIS, DXC, GDDY, HTZ, MSNT, MYGN, NUAN, PCLN, TRIP, TSO, XEC, ZG
9 August 2017- CROX, IPXL LITE, MYL, WB, WEN, FLO, FOXA,
10 August 2017- KSS, M, PRGO, JWN, NVDA, NWSA, SNAP, PCTY, TTD
11 August 2017- JCP

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June 11, 2017 The Week Ahead

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The markets ended the week mixed ahead of the FOMC meeting and announcement. On Friday, the market’s fear index, the VIX, hit a 23-year low during the trading session. Shortly after, Nasdaq stocks started to sell off aggressively.

The June futures in the Nasdaq 100 traded in a range between 5660.25 to 5898.75, closing down 2.46% on the day, at 5740.50.

It’s hard to say what exactly sparked the catalyst. It could have been caused by uncertainty leading up to the FOMC announcement.

Another possibility could have been cautious comments out of Citron Research on Nvidia Corporation calling it a “casino stock.” On Friday, shares of the stock traded in a range between $142.75 and $168.50, closing down -6.46%, at $149.60.

That volatility triggered other Nasdaq names like Apple (-3.88%), Alphabet Inc. (-3.41%), Amazon.com, Inc. (-3.16%), and Facebook Inc. (-3.28%).

The VIX end up modestly higher, closing at 10.70 on Friday, a gain of 5.31%

Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) -0.31%, iShares Russell 2000 (IWM) +1.26%, SPDR Dow Jones Industrials Average ETF (DIA) +0.36%, and PowerShares QQQ ETF (QQQ) -2.43%

Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) -3.75%, iShares 20+ Year Treasury Bond (TLT) -0.97%, SPDR Gold Shares (GLD) -0.88%.

Below you’ll find what is else is on the schedule for the week:

Key Economic Data:
13 June 2017- PPI 8:30 AM ET
14 June 2017- Consumer Price Index 8:30 AM ET; Retail Sales 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET: FOMC Meeting Announcement 2:00 PM EST
15 June 2017- Jobless Claims; Philly Fed Survey; Industrial Production 9:15 AM ET
16 June 2017- Housing Starts 8:30 AM ET

Key Earnings:
13 June 2017- HRB
14 June 2017- JBL, LAKE, CRWS
15 June 2017- FNSR, KR

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