Stock Market Watch for the Week of February 4th

February 4, 2019 tvcuser Education, Trading Alphabet, Amazon, Apple, Chevron, Disney, Electronic Arts, Exxon, Federal Reserve Bank, GM, Nvidia

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.

graph
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 7, 2017 Market Wrap Up

February 7, 2017 tvcuser Education, Trading CAH, DIS, Earnings, Ecnomic data, Events, GLD, GM, KORS, NOV, TLT, USO

The markets closed the day mixed on below average trading volume. One interesting note coming out of Bespoke, was that the S&P 500 has gone 80 sessions without a single down day of 1% or lower. Again, that’s pretty amazing considering all the media attention we’ve had surrounding US politics.

Some strong earnings performers included: Cardinal Health (CAH) and National Oilwell (NOV)

Some weak earnings performers included: Disney (DIS), Michael Kors (KORS), and General Motors (GM).

The VIX closed lower today, and is still trading below the 12 mark, as it ended the day at 11.29.

Now, here is how some of the other closely followed ETFs did on the week: United States Oil Fund (USO) -1.67%, iShares 20+ Year Treasury Bond (TLT) +0.74%, SPDR Gold Shares (GLD) -0.24%.

On the options front, we saw large call buying activity in Denbury Resources (DNR), which traded 8.7 times normal option volume. In addition, we saw heavy put buying in Infinera Corporation (INFN), which traded 3.4 times normal option volume.

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

Key Economic Data:
8 Feb 2017- EIA Petroleum Status Report 10:30 AM ET
9 Feb 2017- Jobless Claims 8:30 AM

Key Earnings:
8 Feb 2017- AXTA, CTSH, EXC, GRA, GRUB, HUM, LPX, RIO, OC, SNY, TWX, VOYA, DNB, FISV, GLUU, IRBT, LVLT, MC, PAYC, SCSS, TRMB, TYL, WFM, ZEN
9 Feb 2017- BATS, BWA, BZH, CLF, COTY, CVS, DNKN, K, KKR, KO, LIVE, MAS, MHK, OXY, PTEN, RAI, TDC, TWTR, VIAB, VRTU, WWE, YUM, ATVI, CERN, CYBR, EXPE, INFN, JCOM, LPLA, MNK, NCR, MPWR, NVDA, NWSA, P, RICK, UBNT, VRSN, WU, YELP, ZAYO, ZNGA
10 Feb 2017- AXL, G, MT

Key Events:
6 Feb 2017- Credit Suisse Financial Services Forum (runs till 2/8)
8 Feb 2017- Cowen 38th Annual Aerospace, Defense & Industrials Conference (runs till 2/9)
9 Feb 2017- KBW Winter Financial Services Symposium (runs till 2/10)

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