“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”
― Mark Twain
Good morning
Earnings season starts to kick into gear next week with some big names in tech, finance, big pharma, rails and industrial sectors reporting. I am running short on time this weekend so instead of writing out the sector breakdown I am doing a video with all the stocks from this weeks Pro member stocks to watch list.
IPOs expected to trade this week
Coastal Financial (CCB), Crinetics (CRNX) on July 17 and from Replimune (REPL), Allakos (ALLK), Tilray (TLRY), Dermadoctor (NASDAQ:DDOC), AFG (AFGL), Establishment Labs (ESTA), First Western Financial (MYFW), Rubius Therapeutics (RUBY) and Constellation Pharmaceuticals (CNST) on July 18.
Last weeks Pro member stocks to watch and their performance
This weeks Sectors and stocks to watch
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Highly anticipated earnings
Source Earnings Whispers
*Next weeks economic calendar *
NEXT WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, JULY 16
8:30 am Retail sales June 0.5% 0.8%
8:30 am Retail sales ex-autos June 0.3% 0.9%
8:30 am Empire state index July -- 25.0
10 am Business inventories May -- 0.3%
TUESDAY, JULY 17
9:15 am Industrial production June 0.6% -0.1%
9:15 am Capacity utilization June 78.3% 77.9%
10 am Jerome Powell testimony
10 am Home builders' index July -- 68
WEDNESDAY, JULY 18
8:30 am Housing starts June 1.312 mln 1.350mln
8:30 am Building permits June -- 1.301mln
10 am Jerome Powell testimony
2 pm Beige book
THURSDAY, JULY 19
8:30 am Weekly jobless claims 7/14 220,000 214,000
08:30 USD Philadelphia Fed Manufacturing Index (Jul) 20.6 19.9
08:30 USD Philly Fed Employment (Jul)
FRIDAY, JULY 20
13:00 USD U.S. Baker Hughes Oil Rig Count 863
15:30 USD CFTC Crude Oil speculative net positions 654.5K
15:30 USD CFTC Gold speculative net positions 81.4K
15:30 USD CFTC S&P 500 speculative net positions 172.0K
