October 27, 2015 Market Wrap Up

October 27, 2015 tvcuser Education, Trading AAPL, CHK, Data, DD, Earnings, Economic, education, GILD, MRK, PFE, RAD, S&P 500, trading, TWTR, USO, VIX, WBA, YRCW

The S&P 500 closed the day relatively flat, it appears that the market is awaiting further news from the FOMC meeting tomorrow.

Earlier today we got earnings results from Pfizer (PFE) +2.4%, Merck (MRK) +1%, and Du Pont (DD) +2.7%.

This evening we got earnings out of Apple (AAPL) -1%, Gilead Sciences (GILD) flat, and Twitter (TWTR) -11%.

The VIX continues to show few signs of panic, as it closed the day at 15.43.

The energy sector was relatively weak; the United States Oil Fund (USO) was down more than 1% today.

On the options front, we saw bullish call buying in YRC Worldwide (YRCW). Options that saw bearish put buying in Chesapeake Energy (CHK).

In other news, Walgreens (WBA) announced that they are buying Rite Aid (RAD) for $9.41 billion.

Here’s what’s on tap tomorrow and the rest of the week:

Key Economic Data:
28 October 2015- FOMC Meeting Announcement 2:00 PM ET
29 October 2015- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET
30 October 2015- Personal Income 8:30 AM ET

Key Earnings:
28 October 2015- GRMN, HLT, HOT, IMAX, IP, LVLT, MDLZ, NOV, TMUS, VLO, WBA, VW, AMGN, ATML, CRUS, FFIV, GPRO, LOCK, WMB, PYPL, NE, MUR, CAVM
29 October 2015- AET, CLF, COP, ESV, JAH, JCI, KERX, MO, NOK, MTH, TEVA, TWC, VALE, ZBH, BIDU, EA, LNKD, MOBL, SBUX, WU, SCTY
30 October 2015- ABBV, CVS, XOM, MYL, CVX, CL, ETN