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3/13/18
Thomas Thornton
The Week Ahead - Key Events and Focus


A relatively quiet week on the earnings calendar, however there will be a few notable reports from FDX, ORCL, GIS, ACN, MU, and NKE.  I always look forward to this week of earnings as these companies report ahead of Q1 earnings start in April and gives us a good preview.  Fedex could be a tell for Amazon while the tech names will be important since tech is the only sector that has made a new high after the correction.  Nike is a good consumer read around the world and future orders will be highly watched.  

On the economic front the attention will focus on Wednesday when the FOMC meeting will take place and the market expects to see a 25 bps hike. It will be the first meeting with the new Fed Chairman Powell so people will be extra focused on all comments.  Other economic data includes Euro-zone trade balance on Monday, and Flash PMIs for both the U.S. and Euro-zone on Thursday.

Bullish sentiment with the S&P ended the week at 59% bulls after making a recent high last Monday at 71%.  The Nasdaq, Nasdaq 100, QQQ and FANG stocks made a buying climax last week which can be a reversal pattern. A buying climax is when a stock makes a new 52 week high but closes down on the week.  Should be an important week to see if some equity indexes will break some of the key support levels as well if bonds will start to turn up.  Don't forget the US Dollar which is starting to perk up again.  Have a great week!

Earnings, Conferences, Economic Reports

    Monday 19-Mar:
      Corporate:
        Earnings:
        • Post-close: ORCL
        Brokerage Conferences:
        • Macquarie Consumer Bright Ideas
        • Deutsche Bank Basic Materials
      Economic:
      • Europe: Euro-zone, Trade balance (Jan); Construction output for (Jan); UK Rightmove House Price (Mar)
      • Asia: China Feb property prices
    Tuesday 20-Mar:
      Corporate:
        Earnings:
        • Pre-open: LEN, PLCE, ATD.B.CN, DLTH
        • Post-close: FDX, LAUR
        Brokerage Conferences:
        • Deutsche Bank Basic Materials
        • Macquarie Consumer Bright Ideas
        • Cowen Life Sciences
      • Analyst Meeting: KEYW, DPS, ENTG, ELLI
      Economic:
      • Europe: Euro-zone ZEW survey expectations (Mar), Consumer confidence (Mar); Germany PPI (Feb), Zew survey (Mar); UK CPI (Feb), PPI (Feb),
      • Asia: Japan leading Index (Jan)
    Wednesday 21-Mar:
      Corporate:
        Earnings:
        • Pre-open: GIS, ATU
        • Post-close: FIVE, GES
        Brokerage Conferences:
        • Deutsche Bank Basic Materials
      Economic:
      • US: Current account balance, US existing home sales, FOMC meeting rate decision
      • Europe: UK employment change (Jan), ILO (Jan) unemployment rate (Jan), CBI industrial trends (Mar)
    Thursday 22-Mar:
      Corporate:
        Earnings:
        • Pre-open: ACN, DRI, CAG, MIK, NEOG
        • Post-close: NKE, MU, KBH, CTAS, HOME
      • IPO: DBX
      Economic:
      • US: Initial Jobless Claims (Feb), FHFA homeprices (Jan), Leading Index (Feb), Plash PMI (Mar)
      • Europe: Euro-zone Flash PMI (Mar), Economic Bulletin, Germany Flash PMI (Mar), IFO Business Climate (Mar), UK Retail Sales (Feb)
      • Asia: Japan Markit PMI manufacturing (Mar)
    Friday 23-Mar:
      Corporate:
      • Analyst Meeting: ARRS
      Economic:
      • US: Building Permits (Feb), Core Capital Goods Orders (Feb), New Home sales (Feb)
      • Asia: Japan CPI (Feb)
 


Any comments, suggestions, or questions - please email info@hedgefundtelemetry.com
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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