It is going to be a busy week with stimulus talk, the beginning of earnings season and major conferences from Apple and Amazon. Banks highlight the start of earnings season and all 12 of the major banks are expected to show a profit. Overall, earnings is expected to be down -21% Y/Y in Q3 which would be an improvement from the -31% Y/Y we saw in Q2. Will lowered expectations and gradual improvement be enough to continue to wet the bulls appetite? We will soon find out. 

Three weeks ahead of the election and stimulus talks continue to dominate the headlines. Stimulus optimism has dominated the headlines in recent weeks sending the averages higher on almost a daily basis. With so little time left before the election can a deal be made? Will it even matter to the market before the election? So many questions this week and we will be here all week in our live shows to help break down the information. 

Events This Week:

Earnings

• Tuesday: BlackRock (BLK), Citigroup (:C), JPMorgan Chase (JPM), Delta Air Lines (DAL), Johnson & Johnson (JNJ) 
• Wednesday:  Bank of America (BAC), Goldman Sachs (GS), PNC (PNC), Progressive (PGR), U.S. Bancorp (USB), UnitedHealth (UNH), United Airlines (UAL) and Wells Fargo (WFC) 
• Thursday: Charles Schwab (SCHW), Morgan Stanley (MS), Walgreens Boots Alliance (WBA) 
• Friday: Bank of New York Mellon (BK) and J.B Hunt Transport (JBH)  

Events

• Amazon Prime Day shopping event will run from October 13-14
• Apple event: Apple (AAPL) is giving the first look at the iPhone 12 in an event called “Hi, Speed” on October 13.  

Economic Events

• Tuesday: CPI Report
• Thursday: Jobless Claims
• Friday: Retails Sales, Industrial Production

Have a wonderful start to your week and email us if there is anything we can do to make your week better.

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Chart of the Day

Earnings this week

Earnings season kicks off this week with a number of the major banks reporting earnings. In addition a few airlines, Johnson & Johnson and UnitedHealth report this week. Going to be fascinating to watch if a new theme emerges in the market!

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Video of the day

Post-Earnings Collar Trade

Earnings season is upon us and there are many strategies that some traders use before and after earnings. Watch this section each Monday for another earnings related strategy. 

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Today’s line up

Traders Lounge 11 AM EST

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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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