February 28, 2017 The Week Ahead

The markets sold off a little today, as traders positioned themselves ahead of President Trump’s speech, which will be tonight. In addition, we received GDP numbers earlier in the session, which came in at 1.9% for Q4, a number that was below the estimates of 2.1%

Strong earnings performers included: The Priceline Group (PCLN) and Weight Watchers (WTW)

Weak earnings performers included: Palo Alto Networks (PANW), Perrigo Company (PRGO), and Target (TGT)

ETF Performers: United States Oil Fund (USO) -0.17%, iShares 20+ Year Treasury Bond (TLT) +0.37%, SPDR Gold Shares (GLD) +0.09%.

On the options front, we saw large call buying activity in Yandex (YNDX), which traded 3.1 times normal option volume. In addition, we saw heavy put buying in Outfront Media (OUT), which traded 6.9 times normal option volume.

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

Key Economic Data
1 March 2017- Personal Income and Outlays 8:30 AM ET, ISM Manufacturing 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET
2 March 2017- Jobless Claims 8:30 AM ET

Key Earnings
28 Feb 2017- AZO, CNP, DDD, ENDP, NRG, NLNK, PAH, QVCA, SEAS, SHOO, TGT, VRX, AMBA, BUFF, CRM, DAR, ETSY, EVHC, HALO, LOGM, PANW, TSRO, UHS, VEEV, WTW
1 March 2017- AEO, BBY, CROX, DLTR, DY, IEP, KERX, LOW, MYL, ODP, WIN, AVGO, BOX, KIN, SHAK, XON, VSI
2 March 2017- ANF, BKS, BUD, BURL, JD, JOY, KR, TD, ZEUS, COST, HABT, MRVL, SGMS, WING

Key Events
27 Feb 2017- Mobile World Congress (runs till 3/2); Morgan Stanley Technology, Media and Telecom Conference (runs till 3/2)

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