Good morning
We have a huge week ahead for tech names and earnings but those aren't the only big names that we will be getting numbers from and as I look across the broad array of names reporting. I think this could be the most important week of the earnings season. With names like BA, MCD, UPS, PFE, XOM, CVX, AMGN, EA and GLW which all have chart that look like they could be ready for a break out or already have broken out.
It is also a big week ahead on the economic data and political front. With the State of the Union from President Trump, an FOMC announcement, PMI and ISM manufacturing index reports and then we end the week with the employment situation jobs report.
The equity markets have been grinding higher while volatility has been creeping back in at the same time. However, as I went through this weeks sector charts it is obvious that the bulls remain in full control and there are some sector and ETF charts that look so good it is almost perfection. Anything can happen, markets and sentiment can turn on a dime, but from a technical standpoint markets and sectors look primed to move higher.
Pro members > I will show you what I am seeing and the sectors I find most compelling in this weeks video. Make sure your read yesterdays blog post of this weeks in depth stock review for a potential trading/ investing opportunity in an interesting little company that has a potential catalyst this week. Take a look at the detailed trade plan I am putting out later today and see if it fits your style of trade.
Regardless of your time frame or style of trader/investor you may be. If you are having a difficult time with trading and investing or you are tired of trying to follow others into their trades & experiencing poor results. Join the pack @ Alpha Wolf Trading and learn to find, define and execute your own trading and investing plans.
Learn to build your own trade plans and identify your own trading and investing opportunities that fit your style and risk profile. Chat room access, 10 hours of educational videos, Daily Pre market Prep videos with stocks to watch, Daily market wrap videos with sectors and stocks to watch, trade plans BEFORE I take a swing trade or long term hold with my ideal entry, targets and stops.
Sign Up here https://t.co/4LA1qB2Fo6
5 Stocks to watch from this weeks video for Pro Members of Alpha Wolf Trading
Nice pop on Friday potential follow through hot sector day trade or higher risk swing
Great looking daily> sector could see some weakness related to WYNN could present an opportunity for a long term hold starter position
Recent upgrade with 40 PT could be a swing or day trade opp
Penny play worth keeping an eye on for day trade or higher risk swing
Nice bounce on Friday potential swing or long term hold position on a pull to support and bounce
Apple (NASDAQ:AAPL) headlines a huge week of earnings reports from tech majors as investors wait to hear on the impact of the iPhone X on revenue and the company's average selling price. What the Cupertino execs say about tax reform benefits and the intentional slowdown of older iPhone batteries will also be closely dissected. Just as riveting will be updates from Alphabet (GOOG, GOOGL) on search and the critical "other revenue" segment, Facebook (NASDAQ:FB) on monthly active users and Amazon (NASDAQ:AMZN) on holiday sales and AWS momentum.
On a broader scale, President Trump's State of the Union address and the FOMC meeting will catch some attention from market watchers this week.
Notable earnings reports: Seagate Technology (NASDAQ:STX), Lockheed Martin (NYSE:LMT), Rambus (NASDAQ:RMBS) on Jan. 29; Advanced Micro Devices (NASDAQ:AMD), McDonald's (NYSE:MCD), Electronic Arts (NASDAQ:EA), Pfizer (NYSE:PFE), Juniper Networks (NYSE:JNPR), Sprint (NYSE:S) and Illumina (NASDAQ:ILMN) on Jan. 30; Microsoft (NASDAQ:MSFT), eBay (NASDAQ:EBAY), Facebook, Qualcomm (NASDAQ:QCOM), PayPal (NASDAQ:PYPL), ConocoPhillips (NYSE:COP), Boeing (NYSE:BA) and AT&T (NYSE:T) on Jan. 31; Visa (NYSE:V), GoPro (NASDAQ:GPRO), Alibaba (NYSE:BABA), Apple, Alphabet, Amazon, UPS (NYSE:UPS) and MasterCard (NYSE:MA) on Feb 1; Exxon Mobile (NYSE:XOM), Chevron (NYSE:CVX), Merck (NYSE:MRK) and Phillips 66 (NYSE:PSX) on Feb. 2. See Seeking Alpha's Earnings Calendar for the complete list.
Looking for a dynamic news feed service and scanning program to help you identify trade ideas quickly?
Click the banner above to get the tremendous pricing offer from Benzinga Pro and Alpha Wolf Trading.
Apple suppliers: There's been some bouncy trading on Apple-sensitive names heading into next week's blockbuster report. Keep an eye on Universal Display (NASDAQ:OLED), Broadcom (NASDAQ:AVGO), Analog Devices (NASDAQ:ADI), Cirrus Logic (NASDAQ:CRUS), Qorvo (NASDAQ:QRVO), Knowles (NYSE:KN), Largan Precision (OTC:LGANF), Hon Hai Precision Industry ([[HNHAF], OTCPK:HNHAY), Taiwan Semiconductor (NYSE:TSM) and Skyworks Solutions (NASDAQ:SWKS) for more volatility before and after the Apple print.
**Expected IPO filings: **iPic Entertainment (Pending:IPIC) on Jan. 29, Sol-Gel Technologies (Pending:SLGL), Hudson (Pending:HUD) and Corp America Airports (Pending:CAAP) on Jan. 31; Centro Puerto (Pending:CEPU) and FTS International (FTSU) on Feb. 1.
Patent watch: Forward Pharma (NASDAQ:FWP) is expected to hear from the European Patent Office on an active ingredient in Biogen's (NASDAQ:BIIB) Tecfidera. The EPO hearing runs Jan. 30-31.
IPO/secondary share lockup period expirations: Clementia Pharmaceuticals (NASDAQ:CMTA) on Jan. 29 and Venator Materials (NYSE:VNTR) on Jan. 30.
Quiet period expiration: Lexinfintech Holdings (NASDAQ:LX) on Jan. 30 and iClick Interactive Asia (NASDAQ:ICLK) on Jan. 31.
Auto sales reports: Edmunds expects U.S. auto sales to fall 1.4% in January to 1.121M units as the industry pulls back on incentives again. The research firm notes the decline isn't indicative of a lasting trend due to January being a typically slow month at dealerships. Forecast by automaker - General Motors (NYSE:GM) +4.2% to 204K, Ford (NYSE:F) -7.3% to 159K, Toyota (NYSE:TM) +7.7% to 154K, Fiat Chrysler (NYSE:FCAU) -15% to 1129K, Nissan (OTCPK:NSANY) +1.2% to 114K, Honda (NYSE:HMC) +0.8% to 107K, Hyundai/Kia (OTCPK:HYMLF) +2.2% to 84K, Volkswagen (OTCPK:VLKAY) -1.2% to 36K.
Business update call: Starbucks (NASDAQ:SBUX) will provide an update on Jan. 31. on the company's China business and will address some high-level modeling-related questions.
Notable annual meetings: Energizer (NYSE:ENR) on Jan. 29; Costco (NASDAQ:COST) on Jan. 30; Monsanto (NYSE:MON) and Sonic (NASDAQ:SONC) on Jan. 31; Sally Beauty Holdings (NYSE:SBH) on Feb. 1.
Extraordinary shareholder meetings: (NASDAQ:BV) on Jan. 29, J. Alexander's (NASDAQ:JAX) on Jan. 30 for a M&A vote, Buffalo Wild Wings (NASDAQ:BWLD) for a M&A vote and Liberty Interactive (NASDAQ:QVCA) on Feb, 2.
Macau: Gaming revenue for January is due to be reported by the Macau Gaming Inspection & Coordination Bureau near the end of the week. Some early growth estimates from analysts have ranged as high as 25%. A strong tally could build excitement on Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY
SJMHY$4.320.00 0.00%
SJM Holdings Ltd Unsponsored ADR
52 Week Range3.12 - 4.32 Market Cap.
More ยป
) and Melco Resorts & Entertainment (NASDAQ:MLCO) with the Chinese New Year just a few weeks away.
**Barron's mentions: **Goldman Sachs (NYSE:GS) is singled out in the cover story as a smart bet. Also seen as intriguing are Dell Technologies (NYSE:DVMT) as a cheap way to pay VMWare (NYSE:VMW) and Remy Cointtreau (REMF, OTCPK:REMYY) as a way to profit off the "premiumization" trend in the liquor industry.
Sources: CNBC, EDGAR, Bloomberg and Nasdaq.com. Seeking Alpha
