More positive vaccine news to start the week! This time out of Moderna when the biotech company announced that Moderna’s Covid-19 vaccine was 94.5% effective in a preliminary analysis of a large late-stage clinical trial. This has the rotation trade that started last week continuing with value sectors such as finance and energy leading the market once again. Will this trend continue in the short term? That is is big question facing the markets in the coming weeks and we wil be here all week in our live programming to break it down.
Earnings turns its focus to the retail sector with big names such as WalMart, Home Depot and Lowes reporting. Going to be a fun and exciting week!
Events This Week:
Earnings
- Monday November 16 – Tyson Foods (TSN), Palo Alto Networks (PANW), Baidu (BIDU) and JD.Com (JD)
- Tuesday November 17 – Home Depot (HD), Walmart (WMT), Nio (NIO) and Kohl’s (KSS)
- Wednesday November 18 – Lowe’s (LOW), Target (TGT), Nvidia (NVDA) and TJX Companies (TJX)
- Thursday November 19 – Macy’s (M), Ross Stores (ROST), Workday (WDAY)
- Foot Locker (FL)
Economic Reports
- Tuesday – Retail Sales, Industrial Production
- Wednesday – Housing Starts and Permits
- Thursday – Jobless Claims and Existing Home Sales
Have a wonderful start to your week and email us if there is anything we can do to make your week better.
Chart of the Day
Earnings this week
| Earnings season is winding down and while this week will not be as impactful there still are a number of interesting names on the docket including McDonald’s, Disney and DraftKings. |
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Video of the day
Rolling Options
Rolling options is a straight forward but powerful trade management technique that you can use on a variety of option strategies. The coaches discuss this concept tonight and walk through how the rolling strategy works on covered calls in addition to other strategies in your playbook.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Weekend Reports
Watch the Stock, Options, Commodity and Forex Reports to help yo prepare for the week.
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