Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Day Ahead: Top 3 Things to Watch

Published 02/11/2019, 03:30 PM
Updated 02/11/2019, 04:36 PM
© Reuters.

© Reuters.

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. Under Armour Set to Report

Under Armour (NYSE:UAA) leads the earnings calendar before the bell tomorrow.

On average, analysts expect that the company earned 4 cents per share in the most recent quarter on sales of about $1.4 billion, according to Investing.com.

The company issued guidance at its investor day last month.

Under Armour predicts revenue will rise at a compound annual growth rate in the low single digits in North America for fiscal 2020 to fiscal 2022.

If you’re looking for a cold one after your workout with Under Armour, Molson Coors (NYSE:TAP) will also issue results.

Analysts are forecasting a profit of 79 cents per share on revenue of about $2.6 billion.

2. Powell Heads to Mississippi

Investors will be hoping Federal Reserve Chairman Jerome Powell doesn’t channel the blues when he visits the Mississippi Delta for a speech tomorrow.

Powell will deliver his speech at the Hope Enterprise Corporation Rural Policy Forum in Itta Bena, Miss. His talk will be on “Economic Development in High Poverty Rural Communities.”

Itta Bena has a median household income of about $19,000, and 44% of its residents live in poverty, Mississippi Today reported.

Powell is scheduled to start speaking at 12:45 PM ET (17:45MT).

3. JOLTS Openings Expected to Rise

Employment numbers continue to be the strongest part of the U.S. economy.

Tomorrow brings the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) at 10:00 AM ET (15:00 GMT) for December.

On average, economists expect that the number of job openings to edge up slightly to 6.9 million.

Job openings have been rising fairly steadily over the last 12 months as the unemployment rate has gone down and companies find it tougher to fill positions.

Latest comments

nothing is going to rock the market this week. we'll see 2753 _ 2772 this week in SPX. but we are likely to see a sizable pullback next week though.
Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.