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3/11/18
Thomas Thornton
The Week Ahead - Key Events and Focus


The week ahead will be relatively quite on the earnings front with a bulk of the volume on Thursday morning. There are some notable brokerage conferences this week with the Cowen and Barclays Healthcare conference, the and the JP Morgan Aviation, Transportation, and Industrial conference. On the Economic front the major news will be the US February CPI numbers out Tuesday as well as China's February economic data which will be out Tuesday night/Wednesday morning. US Retail Sales on Wednesday should be watched closely with the recent upward run in Amazon and weakness in many other large big box retailers. In Europe the Euro-zone CPI is on Friday.

Friday's big market surge spiked S&P bullish sentiment to 66% from 50% and Nasdaq to 70%.  When I've seen these types of large sentiment moves some give back should be expected (when it's moving down too).   The positives from Friday were focused with the Nasdaq making a new high while I can't ignore the % of stocks making new 20 day highs was high at 48% in the NDX 100 and decent at 30% in the S&P.  The Russell 2000 also continued it strong run but like many of the other indexes has not made a new high yet.  And tech is the only US sector that has made a new high.  Lastly, late on Friday I added another 2.5% size in SPY, QQQ, IWM puts in April which I will detail tomorrow.  On my recent market webinar in February I laid out the pattern for a lower high bounce but also left open the possibility of a 2007 type of top with several shake outs and top drawn out over months.  The next few weeks should be very telling heading into Q1 earnings reporting season with very high expectations.  
Earnings, Conferences, Economic Reports

    Monday 12-Mar:
      Corporate:
        Earnings:
        • Post-close: COUP, PMTS, SFIX, TLYS
        Brokerage Conferences
        • Cowen & Co. Health Care
      • Analyst Meeting: MSA
      Economic:
      • US: Budget (Feb), NY Fed Survey of consumer Expect (Feb)
    Tuesday 13-Mar:
      Corporate:
        Earnings:
        • Pre-open: DKS, DSW, HDS
        • Post-close: CAL, FOGO, MDB
        Brokerage Conferences:
        • JP Morgan Aviation, Transportation & Industrials
        • Barclays Global Healthcare
        • Cowen & Co. Health Care
        • Gabelli & Company Specialty Chemicals
      • Analyst Meeting: CNX,MATX, OCLR, INFN, CSOD
      Economic:
      • US: Core CPI (Feb), NFIB Small Business Index, Redbook Chain Store
      • Asia: Japan PPI (Feb)
    Wednesday 14-Mar:
      Corporate:
        Earnings:
        • Pre-open: SIG, EXPR, QBR.B.CN, VRA
        • Post-close: BNFT, DDD, FRSH, NDLS, SFS, SMRT, TACO, TLRD, WSM
        Brokerage Conferences:
        • Barclays Global Healthcare
        • JP Morgan Aviation, Transportation & Industrials
        • Cowen & Co. Health Care
        • Citi Latin America
        • Goldman Sachs Chemical
      • Analyst Meeting: MDU, MODN
      • IPO: RCUS
      Economic:
      • US: Retail Sales (Feb), Retail sales ex-auto (Feb), PPI (Feb)
      • Europe: Euro-zone unemployment (Q4), IP (Jan); Germany CPI (Feb), Foreign direct investment (Jan)
      • Asia: China Retail sales, IP, FAI (Feb)
    Thursday 15-Mar:
      Corporate:
        Earnings:
        • Pre-open: DG, GCO, JILL
        • Post-close: ADBE, JBL, ULTA, ZUMZ
        Brokerage Conferences:
        • Barclays Global Healthcare
        • Citi Latin America
        • JP Morgan Aviation, Transportation & Industrial
      • Analyst Meeting: USFD, TRZ.CN, SPLP, ALLY
      • IPO: ZS
      Economic:
      • US: Empire State survey (Mar), Philly Fed survey (Mar), Import / Export price index (Feb), NAHB housing market (Mar), Continuing Jobless claims
      • Asia: China Foreign direct investment (Feb), Japan Retail sales (Jan)
    Friday 16-Mar:
      Corporate:
        Earnings:
        • Pre-open: BKE, TIF
        Analyst Meeting:
        • UTX, WSO
      Economic:
      • US: Housing starts (Feb), IP (Feb), JOLTs (Jan) Michigan sentiment (Mar)
      • Europe: Euro-zone CPI,
      • Asia: Japan IP (Jan)
 


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Occasionally, an earnings report date could change, or could be incorrect. We rely on various sources including Street Account, Factset, and Bloomberg to compile this report.    

 

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