Stock Market Watch For the Week of July 8th

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The S&P 500 and Dow Jones are sitting near all-time highs. One of the reasons pushing stocks higher has been the belief that the Federal Reserve Bank will be initiating rate cuts later this year, starting this month.

However, a positive jobs number on Friday spooked the market. And stocks sold-off and are experiencing weakness going into Monday’s trading.

That said, it’s all about the Fed this week, as Jerome Powell is set to give two speeches, and the FOMC minutes release is this Wednesday.

Right now the market is expecting the Fed cuts rates, but it will be interesting to see what Powell has to say after last week’s jobs numbers.

As of now, the market appears nervous, and the VIX is starting to steadily climb.

graph
Source: Yahoo

Here are how some of the most actively traded index ETFs performing over the week: SPDR S&P 500 ETF (SPY) 2.39%; iShares Russell 2000 ETF (IWM) +1.99%; SPDR Dow Jones Industrial Average ETF (DIA) +1.55%; Invesco QQQ Trust (QQQ) +2.44%

Here is how some of the most actively traded commodity and interest rate ETFs performed: United States Oil Fund (USO) -2.77%, iShares 20+ Year Treasury Bond (TLT) -0.35%, SPDR Gold Shares (GLD) -0.53%

Economic Releases:
10 July 2019- EIA Petroleum Status Report at 10:30 AM ET; FOMC Minutes 2:00 PM ET

11 July 2019- CPI 8:30 AM ET; Jobless Claims 8:30 AM ET

Earnings Releases:
9 July 2019- PEP; HELE; LEVI

10 July 2019- ANGO; BBBY; PSMT; VOXX

11 July 2019- DAL; FAST

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February 7, 2016 The Week Ahead

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The S&P 500 had a rough week, selling off about 3%. As the market continues to remain weak this year. The NASDAQ has hit five month lows, as some earnings come in disappointing. For example, Apple, Amazon, LinkedIn, and Microsoft have all reacted poorly to earnings.

Not to mention, we’ve seen weakness in the Asian markets, jobs data, and crude oil prices. Let’s see if we catch a break in volatility, as China prepares to celebrate their new year and closing their markets.

The VIX closed the week higher, right above 23.38.

Crude oil prices sold off this week, down nearly 8% and not too far off our most recent lows. We’re barely trading above $30 per barrel.

On the economic front, there isn’t that much on the schedule. However, there are a ton of earnings on the schedule.

Here’s what else is on tap:

Key Economic Data:
11 February 2016- Jobless Claims 8:30 AM ET
12 February 2016- Retail Sales 8:30 AM ET

Key Earnings:
8 February 2016- L, HAS, FOX, PAA, YELP
9 February 2016- CVS, KO, MAS, VIAB, WYN, AKAM, DIS, NCR, NUAN, PNRA, WU
10 February 2016- ARMH, TWX, EXPE, IRBT, TWTR, WFM, ZNGA, MYL, LOCK, FNF
11 February 2016- AVP, BTU, BWA, CAG, GNC, K, MOS, NOK, PEP, RIO, SHPG, TAP, TIME, WWAV, AIG, ATVI, CBS, CYBR, FEYE, GRPN, INFN, P, QLIK, RSG

Key Conferences:
8 February 2016- Credit Suisse Financial Services Forum (runs till 2/10)
9 February 2016- Bank America Merrill Insurance Conference (runs till 2/11), Goldman Sachs Tech Conf (runs till 2/11), Goldman Sachs Insurance Conf (runs till 2/11)
10 February 2016- Leerink Healthcare Conference (runs till 2/11)
11 February 2016- KBW Financial Conference (runs till 2/12)

February 2, 2016 Market Wrap Up

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Just when you thought that the volatility was going to cool off, things started heating up again. The S&P 500 lost nearly 2% as most stocks sold off fairly hard. We’re just 5% off our most recent lows.

Adding fuel to the fire, we saw massive sell-off in crude oil prices. In the last two days, crude oil prices are down more than 11%, and trading below $30 per barrel. We’re just a little more than 5% off from the most recent lows.

Given the volatility, it wasn’t a real shock to see the VIX above 20, closing at 21.89 to be exact.

On the options front, we saw large call buying activity in Yahoo (YHOO). In addition, we saw heavy put buying in Activision Blizzard (ATVI).

In the after hours we got earnings results out of Chipotle Mexican Grill (CMG). The stock was down nearly 7% in the after hours.

There are a lot more earnings this week, check out the events below:

Key Economic Data:
4 February 2016- Jobless Claims 8:30 AM ET
5 February 2016- Employment Situation 8:30 AM ET, International Trade in Goods 8:30 AM ET

Key Earnings:
3 February 2016- ADP, APO, BEN, CBG, CBOE, CMCSA, ENR, ETN, GM, IP, KLIC, MRK, NOV, BWLD, CCK, CDNS, GPRO, MET, NXPI, SFLY, YUM
4 February 2016- AZN, ABC, COP, COTY, DLPH, GRUB, ICE, OXY, PENN, RL, WFT, BMI, DATA, DECK, LNKD, LGF
5 February 2016- ATHN,CME, TSN, WY

January 31, 2016 The Week Ahead

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The S&P 500 had its second straight positive week. It was a rough month for indices, with some of them seeing their worst monthly declines in over five years. Volatility may come in as the Chinese market will be on break to celebrate their new year, which happens in less than two weeks.

If you recall, weakness in the Asian markets was causing the heavy selling in January. Not to mention weakness in oil prices.

The VIX waited till Friday to sell-off hard. Overall, it closed lower, right above 20.

Crude oil prices are more than 10% higher than their monthly lows. Gaining more than 5% on the week and closing above $33 per barrel. Is it a dead-cat bounce or have prices finally started to stabilize?

Reporting this week: Exxon Mobil (XOM), Alphabet (GOOGL), Chipotle Mexican Grill (CMG), Yahoo (YHOO), Merck (MRK), and much much more.

Here’s what else is on tap:

Key Economic Data:
1 February 2016- Personal Income and Outlays 8:30 AM ET, ISM Mfg Index 10:00 AM ET
4 February 2016- Jobless Claims 8:30 AM ET
5 February 2016- Employment Situation 8:30 AM ET, International Trade in Goods 8:30 AM ET

Key Earnings:
1 February 2016- AET, CAH, HAIN, SOHU, SYY, APC, GOOGL, TSO, MAT, GGP, AGNC
2 February 2016- ADM, ADT, ALLY, BAX, BEAV, CIT, DOW, EMR, KORS, LAZ, LYB, MNK, PFE, RCL, UBS, UPS, XOM, CMG, ILMN, YHOO, TDW, CHRW
3 February 2016- ADP, APO, BEN, CBG, CBOE, CMCSA, ENR, ETN, GM, IP, KLIC, MRK, NOV, BWLD, CCK, CDNS, GPRO, MET, NXPI, SFLY, YUM
4 February 2016- AZN, ABC, COP, COTY, DLPH, GRUB, ICE, OXY, PENN, RL, WFT, BMI, DATA, DECK, LNKD, LGF
5 February 2016- ATHN,CME, TSN, WY

January 24, 2016 The Week Ahead

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The S&P 500 had its first positive week on the year. However, despite being up 3 out of 4 trading sessions, there still seems to be a lot of fear in the markets. We had about a 100 point range from the highs to lows (1812-1906).

A lot of eyes are on the Asian Markets, as well as the world energy market. Crude Oil prices have had a nice bounce after trading below $30 per barrel. They finished the week up, about 7% or so. However, it’s too early to tell if the bottom is in or we’re just seeing a dead-cat bounce.

The VIX waited till Friday to sell-off hard. Overall, it closed the week more than 15% lower. With that said, it’s still trading above 22.

This is an incredibly busy week, which includes an army of earnings releases and economic data. Some of those highlights include the FOMC Meeting and GDP numbers on Friday. Earnings will cover several sectors including pharmaceuticals, energy, defense, technology, and transportation.

Reporting this week: Apple (AAPL), Microsoft (MSFT), Facebook (FB), Amazon (AMZN), Caterpillar (CAT), Halliburton (HAL), Eli Lilly (LLY), and a whole lot more.

Here’s what else is on tap:

Key Economic Data:
27 January 2016- New Home Sales 10:00 AM ET, FOMC Meeting Announcement 2:00 PM ET
28 January 2016- Durable Goods Orders 8:30 AM ET, Jobless Claims 8:30 AM ET
29 January 2016- GDP 8:30 AM ET, International Trade in Goods 8:30n AM ET

Key Earnings:
25 January 2016- DHI, HAL, KMB, MCD, ASH, PKG, SWFT, ZION, STLD
26 January 2016- DD, COH, FCX, GLW, JNJ, JNS, LMT, MMM, PG, PH, WAT, AAPL, CB, COF, NAVI, SYK, T, X
27 January 2016- BA, CLF, EMC, NVS, STJ, STM, TUP, CAVM, CRUS, CTXS, FB, INVN, HOLX, JNPR, LRCX, MLNX, MCK, QCOM, PYPL, SNDK, TER, TSCO, TXN, URI, VRTX
28 January 2016- ABT, BMY, DGX, F, CAT, CELG, CY, DB, HOG, JBLU, LLY, NDAQ, UA, V, VLO, POT, NUE, HSY, AMZN, EA, FLEX, SYNA, SWKS, MSFT, NOC
29 January 2016- AAL, ABBV, PCAR, APD, CL, CVX, HON, MA, PCAR, PSX, XRX

January 18, 2016 The Week Ahead

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The S&P 500 continues to see heavy selling pressure this year, as we’re already down 8% thus far. Many attribute it to the slowdown in China; The Shanghai Composite Index is down more than 17% year-to-date.

In addition, crude oil prices continue to drop. They’re down over 20%, early in the new year. Cash crude oil prices are currently trading below $30 per barrel.

The VIX actually didn’t change much from last week, closing above 27.

For a four-day trading week, it’s pretty busy. On Tuesday, we’ll get China retail sales and GDP numbers. On Thursday, we’ve got the ECB interest rate decision. On top of that, we’ve got a ton of earnings being reported.

Reporting this week: Netflix (NFLX), Bank of America (BAC), Morgan Stanley (MS), IBM, Goldman Sachs (GS), Starbucks (SBUX), and a whole lot more.

Here’s what else is on tap:

Key Economic Data:
20 January 2016- Consumer Price Index 8:30 AM ET, Housing Starts 8:30 AM ET
21 January 2016- Jobless Claims 8:30 AM ET, Philly Fed Survey 8:30 AM ET
22 January 2016- Existing Home Sales 10:00 AM ET

Key Earnings:
19 January 2016- BAC, MS, SCHW, UN, UNH CREE, IBKR, IBM, LLTC, NFLX
20 January 2016- EAT, GS, FFIV, XLNX
21 January 2016- ALK, CP, LUV, VZ, ISRG, JBHT, MXIM, SBUX
22 January 2016- COL, GE, KSU, LM, SAP, SYF

Conferences:
20 January 2016- World Economic Forum in Davos (runs til 1/23)

January 14, 2016 Market Wrap Up

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In 2016, volatility is the name of the game. With that said, it was out in full force today. The S&P 500 traded in a range of 1878 to about 1934. Ultimately closing the day about 1.67% higher. Believe it or not, we’re nearly flat on the week now.

The VIX continues to stay elevated above 20, however; today it was down 5%, closing at 23.95.

Crude oil futures prices continue to hover around $30 per barrel. Lately, the equity markets have been selling off when energy does. Let’s see if that theme continues.

Stocks in play included: Chipotle Mexican Grill (CMG) +6.2%, Solarcity (SCTY) -13.5%, and Abbvie (ABBV) +6.7%.

On the options front, we saw large call buying activity in Abbvie (ABBV). We also saw aggressive put buying in Workday (WDAY) .

Here’s what’s on tap for tomorrow:

Key Economic Data:
15 January 2016- PPI 8:30 AM ET, Retail Sales 8:30 AM ET

Key Earnings:
15 January 2016- BLK, C, FAST, RF, USB, WFC

Conferences:
15 January 2016- JPMorgan Healthcare Conference (runs till 1/15), UBS Greater China Conference (runs till 1/15)

January 7, 2015 Market Wrap Up

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It was another rough day in the markets. We’re already down 5% in the S&P 500, early into the new year. The catalyst this time came out of Asia. The Shanghai Composite dropped 7% overnight. With that said, all eyes will be on that market this evening. However, the markets closed a tad above their daily lows.

The VIX exploded higher, closing up to nearly 25, a gain of over 21%.

Crude oil futures prices have not faired better, they’re down about 9% on the new year.

Stocks in play today included: Apple (AAPL) -4.8%, Sunedison (SUNE) -38.5%, Dynavax (DVAX) +39%

On the options front, we saw large call buying activity in Darling Ingredients (DAR). We also saw aggressive put buying in Cerner Corp (CERN).

There is not much on tap in respect to economic news.

Conferences:
6 January 2016- Consumer Electronics Show (runs till 1/9)

January 5, 2016 Market Wrap Up

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The S&P 500 had its first up day of the new year, however; it’s still down more than 1% from yesterday’s sell off. A really shaky start, which makes tomorrow’s FOMC minutes a potential market changer.

In addition, the Consumer Electronics Show continues tomorrow. Companies are presenting their new products to this huge public forum. A good showing can boost stock prices higher. On the other hand, a poor showing can really drive stock prices lower, as witnessed with FitBit (FIT) today.

The VIX sold off slightly, closing the day slightly below 20.

Crude oil futures prices have not faired better, they’re down about 3% over the first two trading days of the year.

Stocks in play today included: Apple (AAPL) -2.5%, Fitbit -18.4%, and ManKind (MNKD) -48.4%

On the options front, we saw large call buying activity in Microchip Technology (MCHP). We also saw aggressive put buying in Cirrus Logic (CRUS) .

Key Economic Data:
6 January 2016- International Trade 8:30 AM ET, FOMC Minutes 2:00 PM ET
7 January 2016- Jobless Claims 8:30 AM ET

Key Earnings:
6 January 2016- MON
7 January 2016- FINL, KBH, STZ, WBA, BBBY, HELE, SNX, TCS

Conferences:
6 January 2016- Citigroup Internet, Media & Telecom Conference (runs till 1/7)
6 January 2016- Consumer Electronics Show (runs till 1/9), Goldman Sachs Energy Conference (runs till 1/7)

December 29, 2015 Market Wrap Up

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The S&P 500 is up over 1% over the last two days on relatively low volume. With that said, we’ve got just two more trading days till the year is over. Will all three major indices finish positive? At the moment, NASDAQ and the S&P 500 are both positive. However, the Dow Jones Industrial Average (DJI) is still down slightly.

The VIX continues to see a big sell off, it’s now trading around 16 and was down about 5% on the day.

Oil names caught a small bounce, the United States Oil Fund (USO) was up nearly 2% after the API Inventory numbers came out in the after hours.

Stocks in play today included: Sunedison (SUNE) -9%, FXCM +26%, and Amazon (AMZN) +2.8%.

On the options front, we saw large call buying activity in Newell Rubbermaid Inc. (NWL). We also saw aggressive put buying in Ultra Petroleum Corp (UPL).

As mentioned earlier this week, there isn’t much going on data wise.

Key Economic Data:
31 December 2015- Jobless Claims 8:30 AM ET