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Apr 24, 2017 - Market Blog

4/24/2017

*French Market relief!  Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days  - email support@tradewise.com or call 877.733.6786*

 

U.S. equity futures (/ES) are trading sharply higher following the French election results that saw the market-friendly Macron advance to the next round. He and Marine Le Pen qualified for a run-off vote on May 7th in which he is widely expected to beat the far-right opponent. There is little scheduled for release from the economic calendar so investors will be entirely focused on earnings reports and conference calls from several of the country's largest tech and Blue-chip companies. Option volatility is in free-fall ahead of the open with stocks up over 1%. The CBOE Volatility index (VIX) should open near $11.5 after settling above $14.5 as uncertainty in the market takes a break.

 

With stocks surging on the French election results, bond yields are sharply higher on the ‘Risk-On’ trade. The 10-year Yield is up near 2.31% as Treasuries are in free-fall. Overseas, the French CAC is over 4% higher, with the Euro Stoxx 50 up 3.9%. The Euro is up over 1% against the U.S. Dollar at 1.085 as the greenback is close to post-election lows. Oil prices (/CL) are also up over 1% after falling 6% last week. While the markets will continue to position on the results, attention will be turning to earnings results as today kicks off the heaviest weak of the Q1 season. Economic data includes the April Dallas Fed index and the March Chicago Fed national activity index along with comments from Fed dove Kashkari. Congress returns and will have to address the debt limit before the current one expires on Friday.  

 

Stock Stories:

Amazon.com (AMZN) – Earnings anticipation – The e-commerce behemoth reports earnings on Thursday and the anticipation is growing. The company received a couple of analyst upgrades this morning with price targets above $1100 per share. The option market is pricing in a +/- move of $30 and the shares are up over $10 in the premarket.

 

Major Economic Reports:

7:30 am CT – Chicago Fed National Activity index

9:30 am CT – Dallas Fed Mfg. Survey

10:30 am CT – Fed’s Kashkari Speaks

 

Notable Earnings:   

Monday – 4/24:   

Before Market:   HAL, ITW, KMB, SOHU

After Market:  AA, ABX, ESRX, NEM, OI, TMUS, WHR, ZION

 

Tuesday – 4/25:

Before Market:  AKS, AN, BHI, BIIB, EAT, CAT, KO, GLW, DD, LLY, FITB, FCX, JBLU, LMT, MCD, MMM, PCAR, PHM, RAD, SAP, SVU, TECK, VLO, XRX

After Market:  CHRW, COF, CMG, CB, CREE, DFS, JNPR, PNRA, SYK, T, TXN, X, UHS

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60  days each: Use coupon code  Marketblog to apply this trial on your current account at www.tradewise.comor contact us at support@tradewise.com

 

**Watch and listen to the TradeWise team every Thursday from 12:30-1:30 CT in the Swim LessonsSM chat room on the thinkorswim® by TD Ameritrade Trading Platform**

                                  

Join the other recipients and help provide some feedback on our daily market blog by sending an e-mail to support@tradewise.com.  Your suggestions are important to us in providing the highest quality service.

Showing Week of Apr 17, 2017

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Apr 23, 2017 - Weekend Market Update

TradeWise – Weekend Update

April 23, 2017

 

Markets ended the week choppy once again as investors showed concern about today’s (Sunday) French election. Returns should begin mid-afternoon in the U.S. and stock futures (/ES) will reflect the outcome beginning at 5 pm CT. Trump announced on Friday afternoon his ‘Massive’ Tax Plan will be announced sometime this upcoming week but the timing was not clear. Stocks attempted to rally mid-day on Friday when this info was released but quickly reversed into the close.  A round of strong earnings did propel equities to modest gains for the week. The upcoming week is full for corporate results and they should drive markets into the near-term. Investors are showing optimism but the French elections, mixed economic data and North Korea are dampening the euphoria. The first quarter came to an uneven end economically and the second quarter is now just beginning. Extending acceleration from housing would be a big boost for the Spring quarter and another vote of confidence from the consumer. Yet manufacturing data outside of deliveries and consumer spending data outside of housing have been no better than flat. Investors are looking for Washington to give stocks another leg up but this could very well grind out in slow motion. For the week, the S&P 500 Index (SPX) rose 0.8% while the Blue Chip-heavy Dow Jones Industrial Average ($DJI) finished up 0.5%.  The Nasdaq (QQQ) jumped a solid 1.6% while the small caps (IWM) led the major indices higher by gaining 2.6%.

Bonds were quiet this past week and gave little direction for stocks. Yields are reflecting little confidence that the Fed will keep on track for rate hikes this year despite the rhetoric from Yellen and friends. Traders are expecting an interest rate hike at least 2 more times this year as well as info on the unwinding of its $4.5 trillion balance sheet. A rate hike at the May FOMC is not expected and June is close to a 50% probability. The 10-year yield was stagnant this week and settled at 2.23% with little move in Treasuries. Oil (/CL) dumped and finished the week down 6%. Speculators gave up on their bullish trend despite OPEC assurances that they will continue to cap production as domestic producers are negating their cuts.

Earnings season has gotten off to a strong start. As of Friday, close to 77 percent of the 95 S&P 500 companies that had reported topped earnings-per-share estimates. The upcoming week should clarify results as many major tech companies and blue chips report quarterly results. The first look at what looks to be a soft first quarter will headline the week's economic data on Friday. The week starts getting heavy on Tuesday with home price updates from FHFA and Case-Shiller, where strength has been constructive but still limited. This will be followed by consumer confidence which surged to yet greater highs in the prior report. Thursday's heavy run includes durable goods, where aircraft may once again skew orders higher, and advance data on the nation's trade gap that could prove a swing factor for Friday's GDP report. The consensus for fourth-quarter GDP is only 1.1% in what would be a slow start to the year. Not to be forgotten Friday will be the employment cost index, a closely watched barometer for wage inflation that has been showing modest pressure.


Major Earnings for the Upcoming Week:

Monday:

A.M. –  HAL, ITW, KMB, SOHU

P.M. AA, ABX, ESRX, NEM, OI, TMUS, WHR, ZION

 

Tuesday:

A.M.– AKS, AN, BHI, BIIB, EAT, CAT, KO, GLW, DD, LLY, FITB, FCX, JBLU, LMT, MCD, MMM, PCAR, PHM, RAD, SAP, SVU, TECK, VLO, XRX

P.M.CHRW, COF, CMG, CB, CREE, DFS, JNPR, PNRA, SYK, T, TXN, X, UHS

 

Wednesday:

A.M. – ANTH, BA, CS, DPS, FCAU, GD, HSY, HES, IR, NSC, NOC, OC, PEP, PG, STX, STT, TMO, TWTR, UTX, WM

P.M. –AMGN, CTXS, FFIV, FISV, GG, LVS, PYPL, SU, TSCO, XLNX

 

Thursday:

A.M. –ABBV, ALLY, AAL, BSX, BMY, CELG, CMCSA, DPZ, DOW, F, JCI, MPC, MGM, NOK, PH, RTN, SPG, LUV, UAA, UPS

P.M. –AMZN, BIDU, EXPE, FLEX, GOOG/GOOGL, HIG, INTC, MSFT, SWN, WDC

 

Friday:

A.M.CVX, CL, GM, GT, PSX, TRI, VFC, WY, XOM

 

Economic Releases (4/24– 4/28):

Monday:

7:30 am CT – Chicago Fed National Activity index

9:30 am CT – Dallas Fed Mfg. Survey

10:30 am CT – Fed’s Kashkari Speaks

                                                                                                                                                                          

Tuesday:

8:00 am CT – FHFA House Price Index

8:00 am CT – S&P Case Shiller HPI

9:00 am CT – New home Sales

9:00 am CT –Consumer Confidence

9:00 am CT – Richmond Fed Mfg. Index

12:00 pm CT – 2-Year Note Auction

 

Wednesday:

6:00 am CT – MBA Mortgage Applications

9:30 am CT – Oil Inventories

12:00 pm CT – 5-Year Note Auction

 

Thursday:

7:30 am CT – Weekly Jobless Claims

7:30 am CT – Durable Goods Orders

7:30 am CT – International Trade in Goods

9:00 am CT – Pending Home Sales

9:30 am CT – Natural Gas Inventories

12:00 pm CT – Kansas City Fed Mfg. Index

12:00 pm CT – 7-Year Note Auction

 

Friday:

7:30 am CT –GDP

7:30 am CT– Employment Cost Index

8:45 am CT- Chicago PMI

9:00 am CT – Consumer Sentiment

12:00 pm CT – Baker Hughes Rig Count

12:15 pm CT – Fed’s Brainard Speaks

1:30 pm CT – Fed’s Harker Speaks

 

*Follow us on Twitter @TradeWise

 

 

*BOLDabove indicates important and potential market-moving news and information

                                                   

TradeWise is offering a free trial for 2 trading strategies for 60 days each: Use coupon code  marketblog to apply this trial on your current account at www.tradewise.com  or contact us at support@tradewise.com

 

Join the other recipients and help provide some feedback on our daily market blog and Weekend Update by sending an e-mail to support@tradewise.com.  Your suggestions are important to us in providing the highest quality service.

Apr 21, 2017 - Market Blog

4/21/2017

*Election to drive markets!  Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days  - email support@tradewise.com or call 877.733.6786*

 

Comments from Treasury Secretary Mnuchin about Tax reform sent U.S. equities sharply higher on Thursday. He stated they are working on an across the board cut for corporations and individuals and details will be released soon. Softening economic data was trumped by the comments and corporate earnings are coming in mixed. This morning, U.S. equity futures (/ES) are trading a bit higher following yesterday's broad-based rally. There is little scheduled for release from the economic calendar so investors will be entirely focused on earnings reports and conference calls from several of the country's largest companies, including Dow components General Electric (GE) and Honeywell (HON). Oil prices (/CL) are near flat on the day at $50.60, still consolidating the hefty 4.5% decline of Wednesday. Crude prices are down by 4.7% on the week, which is the biggest weekly decline crude has seen in an month.

 

Bonds are slightly higher and taking back a bit of losses over the last two sessions. Treasuries were in ‘Risk-on’ mode yesterday as stocks rallied and bonds fell sharply. The Treasury 10-year Note rate rose to 2.24% but may be consolidating ahead of the first leg of the French election this weekend. Overseas markets followed the U.S.’s lead and are higher today led by a 1.03% gain for Japan’s Nikkei. French stocks are flat to slightly lower into their election and following yesterday’s terrorist shooting in Paris. Today’s domestic economic calendar features March existing home sales, with the April flash manufacturing PMI also due.  

 

Stock Stories:

General Electric (GE) – Earnings beat – The industrial blue chip posted a quarterly beat this morning on its earnings call. The company has many moving parts but the CEO continues to report decent organic growth and a slight increase to margins. The option market was pricing in a +/- move of $0.60 and the shares are up slightly in the premarket.

 

Honeywell (HON) – Sustaining growth – Honeywell’s CEO stated that the diversified portfolio, coupled with the investments we've made over the past several years, drove our excellent performance in the first quarter. After its earnings report, the company raised the low end of its full-year 2017 guidance by 5c. The shares are up the anticipated move expected by the option market of about 2.5% ahead of the opening bell.

 

Major Economic Reports:

8:30 am CT – FOMC Member Kashkari speaks  

8:30 am CT – Flash Manufacturing PMI

9:00 am CT – Existing Home Sales

12:00 pm CT – Baker Hughes Rig Count

 

Notable Earnings:   

Friday – 4/21:   

Before Market:   GE, HON, MAN, COL, SLB, SWK, STI

After Market:  N/A

 

Monday – 4/24:

Before Market:  HAL, ITW, KMB, SOHU

After Market:  AA, ABX, ESRX, NEM, OI, TMUS, WHR, ZION

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60  days each: Use coupon code  Marketblog to apply this trial on your current account at www.tradewise.comor contact us at support@tradewise.com

 

**Watch and listen to the TradeWise team every Thursday from 12:30-1:30 CT in the Swim LessonsSM chat room on the thinkorswim® by TD Ameritrade Trading Platform**

                                  

Join the other recipients and help provide some feedback on our daily market blog by sending an e-mail to support@tradewise.com.  Your suggestions are important to us in providing the highest quality service.

Apr 20, 2017 - Market Blog

4/20/2017

*Selling Rallies?!  Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days  - email support@tradewise.com or call 877.733.6786*

 

U.S. equities lost ground throughout yesterday’s session after a promising start. IBM’s fall of nearly 5% was a drag on the Dow Industrials as the company’s sales fell for the 20th consecutive quarter on a year-over-year basis. The Dow will try to right itself today as it has closed lower five out of the last six sessions. Investors are also keeping an eye on France, as the country’s presidential election draws closer. The first round of elections take place this weekend and if no run-off between the communist Jean-Luc Melenchon and far-right Marine Le Pen takes place, investors will most likely breathe a sigh of relief. This morning, U.S. equity futures (/ES) are higher as earnings become the focus for investors. Oil prices (/CL) are slightly higher this morning after Saudi Arabia said that Gulf-based oil producers have reached an agreement on prolonging their recent the production cuts. Crude took a 4% hit late yesterday on little news so volatility may continue in the near term.

 

Bonds are lower and reflecting some risk-taking momentum with stocks higher.  French bonds rallied and are outperforming ahead of Sunday's election, which is shaping up to be a tight four way race. The Treasury 10-year Note rate rose to 2.235% versus a 2.19% low earlier this week. Today's economic calendar features weekly jobless claims and the April Philly Fed index, along with leading economic indicators. The earnings calendar is heavy into the end of the week and may provide a boost for equities as results have mostly been positive. Geopolitical concerns should continue to warrant more uncertainty and volatility may remain firm.  

 

Stock Stories:

Visa (V) – High expectations – The credit card company has taken advantage of global growth as U.S. customers have increased spending. The company reports earnings after the close and the option market is pricing in a +/- move of 3.4%. The shares are near all-time highs and are up slightly ahead of the open as American Express (AXP) reported solid results yesterday.

 

Verizon (VZ) – No Growth – The telecommunications company reported a miss this morning as T-Mobile (TMUS) and Sprint (S) continue to take retail customers. A net decline of 307,000 retail postpaid connections stopped the bleeding from the previous quarter but losses will continue. The shares are down over 2% ahead of the opening bell as revenue fell.

 

Major Economic Reports:

7:00 am CT – Fed’s Powell speaks  

7:30 am CT – Weekly Jobless Claims

7:30 am CT – Philly Fed Business Outlook Survey 

9:00 am CT –Leading Economic Indicators   

9:00 am CT – Natural Gas Inventories   

 

Notable Earnings:   

Thursday – 4/20:   

Before Market:   ABB, BK, BX, DHI, IMAX, NUE,PM, PPG, SHW, TRV,  VZ

After Market:  BGG, MAT,V

 

Friday – 4/21:

Before Market:  GE, HON, MAN, COL, SLB, SWK, STI

After Market:  N/A

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60  days each: Use coupon code  Marketblog to apply this trial on your current account at www.tradewise.comor contact us at support@tradewise.com

 

**Watch and listen to the TradeWise team every Thursday from 12:30-1:30 CT in the Swim LessonsSM chat room on the thinkorswim® by TD Ameritrade Trading Platform**

                                  

Join the other recipients and help provide some feedback on our daily market blog by sending an e-mail to support@tradewise.com.  Your suggestions are important to us in providing the highest quality service.

Apr 19, 2017 - Market Blog

4/19/2017

*Risk-On?!  Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days  - email support@tradewise.com or call 877.733.6786*

 

U.S. equities fell modestly on Tuesday as investors showed concern over geopolitical issues and some downbeat earnings. This morning, U.S. equity futures (/ES) are moderately higher as the earnings season kicks off in earnest this week. The parade will continue for the next several weeks with many of the nation's largest corporations reporting this week and next. In addition to the quarterly reports, investors will be watching the domestic economic calendar which has the weekly Department of Energy inventory data and the Fed's Beige Book report scheduled for release today. Option volatility is also showing weakness ahead of the opening bell as stocks are in the green. The CBOE volatility index (VIX) looks to have found resistance at the $16 level but any  geopolitical news could easily push us higher.

 

Oil (/CL) prices are steady after OPEC reaffirmed its commitment to reducing the global supply. Domestic production should offset any major effects as rig counts continue to rise as crude trades above $50 a barrel. Treasury prices are falling as the ‘Risk-on’ trade looks to make another attempt for sentiment in markets. The 10-year Treasury yield has edged up this morning but settled at its lowest level since early November under 2.18% on Tuesday.  Overseas markets are mixed as investors weigh political concerns and North Korea.  There wasn't much data overnight and the U.S. calendar is again light so focus now turns to corporate results. The MBA reported mortgage applications fell 1.8% in the week ended April 14. This is not a good sign as low interest rates are not equating to an improved housing market.  

 

Stock Stories:

Intl. Business Machines (IBM) – Big Blue feeling Blue! – Expectations for shares of IBM are under pressure in the near-term following last night's Q1 results. The "major" year-over-year deterioration in gross margin and IBM's dependence on discrete items to pad earnings are likely to frustrate investors. The stock is responding as its down over 4% in the pre-market while the option market had priced in a move of only 3%.

 

Goldman Sachs (GS) – Bears appear – The leading investment bank posted a major miss on earnings yesterday morning and the stock was under pressures throughout the session. The operating environment was mixed, with client activity challenged in certain market-making businesses and a more attractive backdrop for underwriting in our investment banking franchise. The shares are up slightly ahead of the opening bell after falling 4.5% on Tuesday.

 

Major Economic Reports:

6:00 am CT – MBA Mortgage Applications – down 1.8%

9:30 am CT – Oil Inventories

11:30 am CT – Fed’s Rosengren Speaks

1:00 pm CT – Beige Book

 

Notable Earnings:   

Wednesday – 4/19:   

Before Market:   AMTD, ABT, BLK, MS, TXT, USB

After Market:  AXP, CP, CSX, EBAY, KMI, QCOM

 

Thursday – 4/20:

Before Market:  ABB, BK, BX, DHI, IMAX, NUE, PM, PPG, SHW, TRV,  VZ

After Market:  BGG, MAT,V

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60  days each: Use coupon code  Marketblog to apply this trial on your current account at www.tradewise.comor contact us at support@tradewise.com

 

**Watch and listen to the TradeWise team every Thursday from 12:30-1:30 CT in the Swim LessonsSM chat room on the thinkorswim® by TD Ameritrade Trading Platform**

                                  

Join the other recipients and help provide some feedback on our daily market blog by sending an e-mail to support@tradewise.com.  Your suggestions are important to us in providing the highest quality service.

Apr 18, 2017 - Market Blog

4/18/2017

 

*Flip Flop Market!  Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days  - email support@tradewise.com or call 877.733.6786*

 

U.S. equity futures are a stark contrast from yesterday’s unexpected rally with downward pressure mounting once again.  Renewed concerns over a polarizing French elections leaves the future of the Eurozone hanging in the balance as preliminary voting will take place over the weekend.  Most European Bourses are showing intra-day losses in excess of 1% as the race continues to be too close to speculate. The Dow Jones gained 180 points to start out the week as investors took an optimistic view on the upcoming earnings cycle with an overall consensus of a 10% growth rate expected.  Exxon Mobil (XOM) was the lone Dow component that closed in the red Monday with crude talking a pause from the recent rally. All 11 S&P 500 sectors were positive with financials leading the way back to $2350. The day ended with all major indexes seeing nearly a 1% improvement.  Earnings from Bank of America (BAC) and Goldman Sachs (GS) this morning tell completely different stories as the later becomes the biggest disappointment so far in the financial space after missing estimates by a fairly large margin- likely contributing to a weaker open across the board. 

 

Saudi Arabia’s Energy minister just cast a shadow on the outlook of oil production after revealing that it is still “too premature” to speculate on OPEC’s intentions of a continued production curb through the end of 2017 in a late May meeting scheduled with the 13 participating countries.  Crude has backed off slightly as a result  trading just shy of the $53 a barrel mark.  Other Commodities are also weaker this morning with Gold Futures (/GC) off nearly .5% along with steel prices hurting from a report that China produced a record amount in March which accounts for over half the world’s supply. 

 

The economic calendar remains fairly light again today with housing starts and industrial production the only notable releases anticipated during the course of the session. Expectations for new homes in March rest around a 1.262 million units pace as interest rates peaked around that same time scaring off some activity. The 10 year treasury yield is down another 2 basis points at 2.225% ahead of the report in a recent about face.  Earnings will continue in full swing with a showcase by leader, IBM coming after the close as one of the earlier tech barometers. 

 

Stock Stories:

Netflix (NFLX) –Deal me some new cards! – The digital streaming and content company reported earnings after the close yesterday, posting a 1st quarter profit of $178.2 million or $0.40 per share, which was $0.03 above consensus estimates.  Revenue was up 35% to $2.64 billion, which was basically in line with analyst expectations.  Subscriber came in lighter than the 98.9 million analysts were expecting.   The company said subscriber growth was no longer the best way to measure it’s progress, and asked investors to instead focus on revenue growth.  Looking forward, the company said that 2nd quarter profits would be down because of higher content costs.  The question is will the content be enough to drive higher profits or will it end up being a losing hand?

 

Major Economic Reports:

7:30 am CT – Building Permits

7:30 am CT – Housing Starts

8:00 am CT – FOMC Member George speaks  

8:15 am CT –Industrial Production

                                                                                                                             

Notable Earnings:   

 

Tuesday – 4/18:   

Before Market:  BAC, CMA, GNC, GS, HOG, JNJ, PGR, UNH

After Market:  IBM, ISRG, YHOO

 

Wednesday – 4/19:

Before Market:  ABT, AMTD, BLK, MS, TXT, USB

After Market   AXP, CP, CSX, EBAY, QCOM, STLD, URI

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60  days each: Use coupon code  Marketblog to apply this trial on your current account at www.tradewise.comor contact us at support@tradewise.com

 

**Watch and listen to the TradeWise team every Thursday from 12:30-1:30 CT in the Swim LessonsSM chat room on the thinkorswim® by TD Ameritrade Trading Platform**

                                  

Join the other recipients and help provide some feedback on our daily market blog by sending an e-mail to support@tradewise.com.  Your suggestions are important to us in providing the highest quality service.

Apr 17, 2017 - Market Blog

4/17/2017

 

*Earnings Season!  Option Trade Ideas for your Inbox!  Get 2 Free Strategies for 60 days  - email support@tradewise.com or call 877.733.6786*

 

U.S. equity markets are struggling to regain a steady footing once again this morning in a delayed reaction to Friday’s pessimistic readings around CPI numbers and another contracting retail sales figure for the 2nd straight month leaving investors eager for more signs of a recovery. Asian markets kicked off the trading week with positive Chinese data after first quarter GDP climbed slightly higher than anticipated at 6.9% with industrial output at the fastest growth rate in over 2 years.  The number did very little to spark the Shanghai as it still managed to close negative. The Japanese Nikkei sold off over 1% at one point in response to a stronger Yen vs. the dollar before fighting back to eventually close just above its break-even. Most European markets are shuttered for the Easter holiday today leaving a general void in any decisive direction.

 

Crude (/CL) remains in a tight range near $53 likely subdued by the vast number of key markets closed for the day.  Expectations will continue to build leading up to the next OPEC meeting in late May but the levels just below December highs have domestic producers eager to lock in favorable pricing coming into the traditionally heavy driving season. Gold Futures (/GC) will continue to be watched closely at 5 month highs after the previous metal most recently failed at the $1300 an ounce level back in mid-November. 

 

News will be primarily muted today with Empire State Manufacturing, housing results, and long-term purchases the only checkpoints on the economic radar. Earnings will likely begin to take center stage with notables Netflix (NFLX) and United Continental (UAL) both reporting after the bell amidst a robust schedule the remainder of the week. Any further geo-political surprises could easily steer markets as well with investors on high alert following last week’s events. 

 

Stock Stories:

 

United Airlines (UAL) –Seatbelts Fastened?! – The airline is scheduled to report first quarter results after the bell in the midst of one of their worst PR snafus on record.  Analysts are looking for their fifth straight quarter of surpassing estimates with $8.38 billion in revenue also expected.  Shares of UAL have lost over 5% YTD but are up over 20% over the previous 52 weeks as the company tries to put the headlines behind them with some key policy changes recently announced. 

 

Major Economic Reports:

 

7:30 am CT – Empire State Manufacturing

9:00 am CT – NAHB Housing

3:00 pm CT – TIC Long Term Purchases

                                                                                                                             

Notable Earnings:   

 

Monday – 4/17:   

Before Market:   MTB

After Market:  CUDA, NFLX, UAL

 

Tuesday – 4/18:

Before Market:  BAC, CMA, GNC, GS, HOG, JNJ, PGR, UNH

After Market:  IBM, ISRG, YHOO

 

*Follow us on Twitter @TradeWise

 

**BOLD above indicates important and potential market-moving news and information

 

TradeWise Advisors is offering a free trial for 2 trading strategies for 60  days each: Use coupon code  Marketblog to apply this trial on your current account at www.tradewise.comor contact us at support@tradewise.com

 

**Watch and listen to the TradeWise team every Thursday from 12:30-1:30 CT in the Swim LessonsSM chat room on the thinkorswim® by TD Ameritrade Trading Platform**

                                  

Join the other recipients and help provide some feedback on our daily market blog by sending an e-mail to support@tradewise.com.  Your suggestions are important to us in providing the highest quality service.