Markets are down a bit to start the first day of the trading week after a strong rally last week that led to new all-time highs in the market. With the some of the major events that have impacted the market in recent months behind us the market will likely turn to a combination of stimulus, Covid-19 vaccine rollout data and earnings for direction. Earnings season kicks off this week with the major banks reporting and it will be interesting to see if IPOs continue to have their recent success with several companies expected to price this week.
Key Events This Week:
- Tuesday January 12th – Albertsons (ACI) and KB Home (KBH)
- Thursday January 14th –BlackRock (BLK), Charles Schwab (SCHW), Delta Air Line (DAL) and Taiwan Semiconductor (TSM)
- Friday January 15th – Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC)
IPOs Expected to Price This Week
- Affirm Holdings (AFRM)
- Driven Brands (DRVN)
- Kuke Music Holding (KUKE)
- Motorsport Games (MSGM)
- Petco Health and Wellness (WOOF)
- Playtika Holding (PLT)
- Poshmark (POSH)
- Qilian International Holding (QLI)
- Wednesday – CPI
- Thursday – Jobless Claims
- Friday – Retail 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.
Chart of the Day
Earnings This Week
|Earnings season kicks off next week with companies like Delta Airlines (DAL) and Taiwan Semiconductor (TSM) joining the major banks at the start of earnings season.|
Video of the day
In case you missed it, Check Out Coach Greg, Tyler and Mark discuss swing trading and trading setups in last week’s special Trade Masters webinar.
Today’s line up
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