Allison Ostrander, Director of Risk Tolerance and Options Specialist over at Simpler Trading joins me to look ahead for the US markets.
With the markets moving sideways we are left to questions whether the next move is higher (possibly up to all time highs) or lower to test the washout March lows. Allison also shares a couple stocks she is watching closely into their upcoming earnings.
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Easrnings for large cap stocks are coming, will they be good enough to justify the run higher in the stock prices?
Peter Hanks, Analyst at DailyFX joins me to share his thoughts on the upcoming earnings reports of the largest US companies. These stocks have lead the US markets higher but any weakness on the back of earnings could cause another large US market correction. We also touch on the trade into gold.
Comments on the OPEC+ production cut, gold’s move today, and looking ahead to earnings season
Chris temple joins me on this Easter Monday to recap the news out of the OPEC meeting which resulted in a cut of almost 10 mill barrels/day. The lack of any significant price moves higher is very noteworthy.
We also discuss the moves higher in gold and a divergence,a t least for today, between gold and the US markets. Finally a preview to the upcoming earnings season which we all expect to be horrible.
A bit of calm in the markets this week but watch the USD and upcoming earnings season for new opportunities
Peter Hanks joins me to discuss the US equity markets, rising USD back over 10 on the USD index, and the oil market continued weakness.
The US markets have been relatively quiet this week compared to the prior weeks. However watching some specific sectors like the currency markets are showing that fear remains and when it comes to a crashing oil market we re not out of the woods. Finally we will have earnings season kicking off in under 2 weeks. This will an earnings seasons for the record book – not in a good way.
Recapping Banks Earnings, Short Squeezes in Bigger Named Stocks, and Cannabis Bouncing
Joel Elconin kicks off today with a quick recap of a couple banks earnings that beat and missed estimates. The market is noticing and reacting depending on the result but Joel points out he thinks there are more important things to watch. When it comes to short squeezes look at the charts of Tesla and Beyond Meat. We wrap up with a comment on the cannabis stocks that are going through a bit of a pop.
A look ahead to earnings seasons and the moves in oil
We step away from the geopolitical news and look at the upcoming earnings season for US equities. Ed Moya weighs in on some of the recent earnings results for the semiconductors sector that have surprised to the upside. we also discuss the moves in oil and the major factors outside of war fears that can drive prices int 2020.
Recapping Q3 Earnings While Looking To The Forward Guidance
Joel Elconin joins me today for a recap of the recent Q3 earnings season. There was a lot of worries coming into earnings as people thought that the trade wars and tariffs would impact earnings and forward guidance. We have seen better earnings and better forward guidance which is all contributing to the rise in equity markets. The big picture is key and for right now it is looking a bit better.
While most everyone will be watching the Fed statements and press conference tomorrow there are a couple other important events to watch. Ed Moya, Senior Market Analyst at OANDA joins me to share his thoughts on the Fed meeting but also look to some earnings from big tech, Facebook and Apple. There is also jobs data that will be released and trade updates on the possible Phase 1 deal.
Earnings Season For Precious Metals Companies Is Off To A Good Start
Craig Hemke, Founder of TF Metals Report joins me to discuss the continued involvement of the Fed in the repo market as well as the Agnico Eagle Q3 earnings. While no one knows how it will all play out with the Fed injecting more money into the repo market it is not a good sign that it is expected to continue into next year. As for Agnico the revenue and earnings numbers were very good. This is very encouraging for the overall sector moving forward.
Market Volatility and Fear Is Here and Not Going Anywhere
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to chat about the continued influence of politics on the markets. Volatility and fear are here to stay but we look ahead to the upcoming earnings season as a short term driver but more importunately what it could mean for future US economic data.