Markets are up at the start of the week as rising rate fears of eased a little at the start of the week. The 10y yield hit as high as 1.61% on Thursday but has fallen as low as 1.43% on Monday morning. While this certainly will not be the main storyline impacting the market indefinitely, it has become the dominate theme over the last couple of trading sessions with techs performance in particular tied to whether rates have gone up or down on that trading day. Key events this week include speeches from Jay Powell and other Fed members who undoubtedly will stay on point with recent talking points. The monthly unemployment report will play extra significance this week in a classic market “good news is bad news” possible scenario with ongoing worries that the economy is on a path to overheating. Never a dull moment in these markets and we will be here all week to help you break down the action!
Earnings
- Monday –Nio (NIO), 3D (DDD), Scientific Games (SGMS), Zoom Video (ZM)
- Tuesday – Target (TGT), Kohl’s (KSS), AutoZone (AZO), Box (BOX), Hewlett-Packard Enterprises (HPE) and Nordstrom (JWN)
- Wednesday – Dollar Tree (DLTR), Snowflake (SNOW), Splunk (SPLK)
- Thursday – Kroger (NYSE:KR), Costco (COST), Gap (GPS)
IPOS
- IPOs expected to price during the week include
- Oscar Health (OSCR) and InnovAge Holding (INNV)
Economic Reports
- Friday – Monthly Unemployment Report
- Fed Chair Powell and several other U.S. central bankers are scheduled to speak this week,
Chart of the Day
Earnings This Week
| Earnings season continues and while it is winding down there are always a few interesting names that report each week at this point. Some of the interesting names this week include Nio, Zoom, Costco and Target. |
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Video of the day
Trade Masters
In case you missed it, Check Out Coach Cody, Tyler and Mark discuss swing trading and trading setups in last week’s special Trade Masters webinar.
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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