Dollar lower for the day and the bond yields as well, the stock market probably would love these 2 things to continue to move lower
Here are the most notable earnings releases due out after today's market close. TICKERS WITH ER AFTER TODAY'S CLOSE: ($SNAP $ISRG $SAM $MAT $COF $PPG $SIVB $STX $THC $PINE $RHI $VLRS $WAL $WRB $OZK $UFPI $BJRI $MCB $ASB $CSTR $TRST $HTH $FFBC $PSTV $GBCI $AQMS) EW CALENDAR:
Here are the most notable earnings releases due out before Friday's market open. TICKERS WITH ER BEFORE TOMORROW'S OPEN: ($CLF $TWTR $VZ $AXP $SLB $NEE $HCA $RF $NEP $ALV $GNTX $NHYDY $ROP $INDB $SIFY $FBP $SPFI) EW CALENDAR:
Top of the morning Stockaholics! Happy Friday to you all! And welcome to the final trading day of the week and a frrrrrrrrrrrrrrrresh start. Here is a quick check on those futures as we are a little under 2 hours from the cash market open. GLTA on this Friday, July the 22nd, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Friday, July the 22nd, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/w59jkr/722_fridays_premarket_stock_movers_news/
Morning Lineup - 7/22/22 - The Calm Before the Storm Fri, Jul 22, 2022 Major US equities are heading into the last day before the weekend holding strong gains for the week. In addition to breaking above their respective 50-day moving averages, the S&P 500 is up 3.5% week to date while the Nasdaq is up over 5%. Futures for both indices are modestly lower this morning, but it could have been worse given some of the weak tech earnings since the close yesterday. Outside of equities, crude oil is lower while US Treasury yields are plunging with the 10-year yield down to 2.8% and the 3m10y treasury yield curve down to just 35 basis points (bps). It's not inverted yet, but it's moving quickly in that direction. Things are pretty quiet given the Summer Friday, but enjoy the calm while it lasts. With earnings season ramping up next week, including reports from the four largest companies in the S&P 500, things could get rocky. Crude oil is trading down over 1.5% this morning putting it on pace for the third straight day of declines of over 1%. That would be the longest streak of 1%+ daily declines since mid-March. As we type this, WTI is barely trading above its 200-DMA which is a level it has not closed below since last December. Current levels also coincide with where it was trading right before Putin invaded Ukraine back in late February. After briefly surging above $130 per barrel right after the invasion, crude oil has now declined nearly 28% from that peak. Look for these declines to start showing up in the monthly inflation numbers in the months ahead. Energy stocks live and die by the price of oil (and natural gas), so it should come as no surprise that with crude oil down by over a quarter and natural gas still down from its early June high (although it has rallied sharply in the last two weeks), energy stocks have been under pressure. After peaking above $90 in early June, the Energy Select Sector SPDR (XLE) has pulled back more than 20%, and like WTI, is trading just above its 200-DMA and right around levels it was trading at prior to the Russian invasion of Ukraine. For both energy commodities and the stocks in the sector, their future direction will depend on the push of geo-political tensions and supply concerns versus the pull of increasingly weaker economic growth.
Yeah SNAP really pulling the market down today since it took down GOOGL and META as well. Next week I guess we will know more it is more of the problem for SNAP or ad spending really is slowing down from the earnings next week
Jefferies economist Aneta Markowska sees 'fake' recession in 2022 | Fortune Next week we will likely get a negative number for Q2 GDP although some people are calling it a "fake recession" Economic data is starting to slowdown now and hard to see the GDP bouncing back all that strongly for Q3 as of now, we are in danger of 3 negative GDP numbers in a row I would think
Gooooooooood Friday evening and a happy start to the weekend to all! The market week ahead thread is now up on Reddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/w5o5ah/wall_street_week_ahead_for_the_trading_week/ Next week's most anticipated earnings calendar from EW has yet to be published. Check back in here sometime over this weekend as I'll be adding the weekly calendar as a new post here once it is officially out (typically on Saturday morning). In the meantime, here are the notables for the next 3 weeks as well as the highest vol earnings releases for next week and monday's pre-market notables. Have yourself an absolutely splendid weekend ahead and here's to a crazy awesome trading in the new week. Get that moola y'all's! Will catch up with y'all's same bat time, same bat channel bright and early in the AM on Monday. Cheers!
next week gon' be lit. i think there is also an fomc rate decision and presser on hump day. as well as the first read on q2 gdp as @stock1234 alluded to yesterday. should be interesting to see how mr. market digests all of this and the busy af earnings week.
UNG showing more upside, at least at the moment. If it holds to the open, I know what I'll be doing at the bell...
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading week and a frrrrrrrrrrrrrrrresh start. Here is a quick check on those futures as we are a little over 3 hours from the cash market open. GLTA on this Monday, July the 25th, 2022.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Monday, July the 25th, 2022! LINK: https://www.reddit.com/r/StockMarket/comments/w7nrn6/725_mondays_premarket_stock_movers_news/
Morning Lineup - 7/25/22 - The Week We've All Been Waiting For (Or Dreading) Mon, Jul 25, 2022 The weather has been hot across much of the country the last several days, and that heat will move to the markets this week with a busy schedule of economic data, peak earnings season, and the FOMC announcing its latest policy decision. Ahead of the kickoff of trading, equity futures and bond yields are modestly higher along with crude oil and copper. On the downside, Bitcoin is down over 3% while gold is flat. Over in Europe, Germany's ifo index tracking the business climate fell more than expected as a recession looks increasingly likely. With all the earnings and economic data on the calendar this week, investors will likely have a much better read on the economy and its direction on Friday. Several indicators have already pointed to the increased likelihood of a recession, and the yield curve has also been indicating a more precarious economic picture. While the spread between the yields on the 10-year and 2-year US Treasuries has been negative for three weeks now, the spread between the 10-year and the 3-month yields has yet to move to inverted levels. A few months ago, the relative steepness of the Fed's preferred yield curve measure was cited as a reason why a recession was not in the cards. However, after flattening by nearly 200 bps to just 40 bps in the last three months, even this part of the curve (light blue line) looks much less comforting.
Here are the most notable earnings releases due out after today's market close. NOTABLE TICKERS WITH ER AFTER TODAY'S CLOSE: ($NXPI $WHR $RRC $LOGI $CDNS $BRO $AGNS $FFIV $CR $PKG $MEDP $CVLG $CADE $WIRE $CALX $SSD $HXL $PETS $WASH $ARE $KALU $PCH $LBRT $AIN $HMST $EFSC $CLS $UHS $HLX $HSII $FSBC $SMBK $MDN $RNR $SUI $KREF $CATY $WSFS $NBTB $HTLF) EW CALENDAR:
Here are the most notable earnings releases due out before Tuesday's market open. NOTABLE TICKERS WITH ER BEFORE TOMORROW'S OPEN: ($UPS $KO $GM $MCD $GE $RTX $MMM $ADM $ACI $CNC $KMB $GLW $FISV $TRU $UBS $PHM $ECL $PII $ONB $CEQP $GPK $XRX $ARCC $IRDM $PCAR $MSCI $MCO $AAN $SSTK $FELE $PEBO $HUBB $WSO $AVNT $FFWM $PNR $ST $AWI $NXRT $CAC $CVLT) EW CALENDAR:
Market is pretty much directionless today, alternating between red and green all day long Should be an interesting week though with the big tech earnings/FED announcement/Q2 GDP like @bigbear0083 mentioned above though
