August 20, 2018 The Week Ahead
Stocks were mixed during the week as attention remains on the ongoing currency crisis in Turkey as well as, trade negotiations between the US and China. The number of earnings reports are declining and trading volumes are starting to come in as the summer drags along.
Stocks in play during the week included: WMT +8.51%, TSLA -14.06%, CGC +19.47%, SWCH -26.79%, and JWN +12.55%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -0.37%, SPDR S&P 500 ETF (SPY) +0.67%, SPDR Dow Jones Industrial Average ETF (DIA) +1.27%, iShares Russell 2000 ETF (IWM) +0.49%
The VIX closed at 12.60 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) -2.77%, iShares 20+ Year Treasury Bond (TLT) +0.27%, SPDR Gold Shares (GLD) -2.23%
Economic Releases:
22 Aug 2018- EIA Petroleum Status Report 10:30 AM ET; FOMC Minutes 2:00 PM ET
23 Aug 2018- Jobless Claims 8:30 AM ET; PMI Composite Flash 9:45 AM ET; New Home Sales 10:00 AM ET
Key Earnings:
20 Aug 2018- EL, BHP, FN
21 Aug 2018- COTY, KSS, TJX, TOL, KEYS, LZB, URBN
22 Aug 2018- LOW, TGT, ADI, SMRT
23 Aug 2018- BABA, ADSK, INTU, LB, ROST, SNPS, SPLK, VEEV
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