March 7, 2017 The Week Ahead

March 7, 2017 tvcuser Education, Trading DKS, GLD, HRB, nav, NMBL, nwsa, seac, TLT, USO

The markets sold off today on rather light volume. The Russell 2000 being the one getting hit the most, dropping 0.69%, while the Dow Jones Industrials were down 0.14%, and the S&P 500 was down 0.29%. However, the intraday ranges still remain tight. Interestingly, the tech sector was the only one up on the day.

Strong earnings performers included: H&R Block (HRB) and Nimble Storage (NMBL)

Weak earnings performers included: Dick’s Sporting Goods (DKS) and Navistar International (NAV)

ETF Performers: United States Oil Fund (USO) -0.18%, iShares 20+ Year Treasury Bond (TLT) -0.30%, SPDR Gold Shares (GLD) -0.81%.

On the options front, we saw large call buying activity in Seachange International (SEAC), which traded 250 times normal option volume. In addition, we saw heavy put buying in News Corp (NWSA), which traded 79 times normal option volume.

One of the big events on the week is the ECB meeting which will be held on Thursday. In addition, the FOMC meeting will be held next week.

Key Economic Data:
8 March 2017- EIA Petroleum Status Report 10:30 AM ET
9 March 2017- ECB Central Bank (ECB) policy decision at 7:45 AM ET, Jobless Claims 8:30 AM ET
10 March 2017- Employment Situation 8:30 AM ET

Key Earnings:
8 March 2017- CIEN, EXPR, BOBE, HOV, OA, SMRT, VAL, CWH, RATE, VVUS, UNFI, WATT
9 March 2017- FCEL, PRTY, SIG, SSYS, ZUMZ, FNSR, FRPT, LOCO, PAY, ULTA

Key Events:
6 March 2017- Citigroup 22nd Annual Global Property CEO Conference (runs till ⅜); Cowen 37th Annual Healthcare Conference (runs till ⅜); Deutsche Bank 25th Annual, Media, Internet and Telecom Conference runs till (⅜); Raymond James 38th Annual Institutional Investors Conference (runs till ⅜)

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June 9, 2016 Market Wrap Up

June 9, 2016 tvcuser Education, Trading Data, Earnings, Economic, Events, HRB, HSY, S&P 500, TSLA, VIX

The S&P 500 closed slightly lower on below average trading volume. It appears the market is on vacation this week as we await heavy economic data next week. Most importantly, the FOMC meeting that is scheduled for June 15.

Stocks in play today include: The Hershey Company (HSY) +3.5%, H&R Block Financial (HRB) +8.8%, and Tesla Motors (TSLA) -3.83%.

Despite the anemic volume, the VIX actually grinded up, closing at 14.64.

Crude oil futures closed above $50 per barrel for the 3rd straight trading day. We’ve made 23 new highs over the last 6-months to just give you an idea of the run we’ve had.

On the options front, we saw large call buying activity in the Hershey Company (HSY), which traded 36.7 times normal volume. We also saw a ton of bearish bets being placed in Urban Outfitters Inc, which traded 2.7 times usual volume.

Here’s what’s left for the rest of the week:

Key Economic Data:
9 June 2016- Jobless Claims 8:30 AM ET

Key Earnings:
9 June 2016- SJM, MFRM, HRB

Key Events:
Bank America Global Telecom & Media Conference (runs till 6/9)
Goldman Healthcare Conference (runs till 6/9)
Jefferies Healthcare Conference (runs till 6/10)
Credit Suisse Global Energy Conference (runs till 6/9)
Deutsche Bank 7th Annual Global Industrials & Basic Materials Conference (runs till 6/9)