January 24, 2017 Market Wrap Up

The markets closed the day relatively strong. The S&P 500, Dow Jones Industrials, Nasdaq, and Russell 2000 all finished green. With that said, the Dow Jones Industrials are less than 100 points from 20k.

Some strong earnings performers included: Alibaba Group (BABA), Du Pont (DD), and Kimberly Clark (KMB)

Some weak earnings performers included: Johnson & Johnson (JNJ) and AK Steel (AKS)

The VIX continues to move lower, it closed at 11.07, down nearly 6% on the day.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) +0.44%, iShares 20+ Year Treasury Bond (TLT) -0.69%, SPDR Gold Shares (GLD) -0.45%.

On the options front, we saw large call buying activity in CONE Midstream Partners (CNNX), which traded 15.3 times normal option volume. In addition, we saw heavy put buying in LSB Industries Inc (LXU), which traded 10.5 times normal option volume.

Earnings will continue to be the theme for the rest of the week and the next couple. Check below:

Key Economic Data:
25 Jan 2017- EIA Petroleum Status Report 10:30 AM ET
26 Jan 2017- International Trade in Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, New Home Sales 10:00 AM ET

Key Earnings Release Dates:
25 Jan 2017- BA, EAT, FCX, HBAN, HES, PG, NSC, NVS, NYCB, PGR, ROK, SC, STT, TXT, UTX, CCI, EBAY, FFIV, LRCX, LVS, MCK, PUB, QCOM, URI, VRTX, WDC
26 Jan 2017- AEP, ALK, BHI, CAT, CELG, DGX, DOV, DOW, F, HP, JBLU, LEA, LLL, LUV, MJN, NOC, RCI, EFTC, FLEX, GOOG, INTC, JNPR, KLAC, MSFT, PYPL, SBUX, SYNA, SWFT, VMW
27 Jan 2017- ABBV, APD, BEN, CL, CVX, HON, UBS

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October 27, 2015 Market Wrap Up

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