Can The Bulls March Through Earnings?
Chris Ciovacco | Apr 13, 2015 05:19PM ET
The stock market will be looking for clues about the strength of the U.S. economy when several big name companies report earnings this week.
- Monday: Pep Boys (NYSE:PBY))
- Tuesday: CSX (NYSE:CSX)), Fastenal (NASDAQ:FAST)), Intel (NASDAQ:INTC)), JB Hunt (NASDAQ:JBHT)), Johnson & Johnson (NYSE:JNJ)), JP Morgan Chase (NYSE:JPM)), Wells Fargo (NYSE:WFC))
- Wednesday: Bank of America (Bank of America Corporation (NYSE:BAC)), Delta Air Lines (NYSE:DAL)), Netflix (NASDAQ:NFLX)), U.S. Bancorp (NYSE:USB))
- Thursday: American Express (NYSE:AXP)), Goldman Sachs (NYSE:GS)), Schlumberger (NYSE:SLB)), UnitedHealth (NYSE:UNH))
- Friday: General Electric (NYSE:GE))
Are Cracks Starting To Appear?
If the market anticipates that earnings will usher in a new bear market, we would expect to see structural problems starting to form in the bullish foundation. This week’s stock market video looks for cracks in trends, the VIX, and market breadth.
Investment Implications – The Weight Of The Evidence
Earnings will offer the latest read on the health of the U.S. economy. If guidance comes in below already low expectations, we may be forced into a more defensive posture. Given what we know as of Monday’s close, an equity-heavy allocation remains prudent. If the S&P closes below 2,039 later this week, our concerns would increase.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.