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Stocks tend to run up ahead of earnings.
If you're anything like me and have been trading the stock market for a while, then you already know why this is important because it can make a significant difference in how the market reacts to the numbers.
So it's a good time to start looking at the biggest stocks reporting earnings this week... While the five biggest stocks reporting earnings are spread out among different industries, I still wanted to give you a technical idea of where each one could go, along with some support and resistance levels so you know what we're up against.
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What You Need To Know | WE WANT TO HEAR FROM YOU!
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you'd like to see rankings for! All you have to do is reply directly to this email with your tickers! | | 2 Stocks Making Big Headlines Over the Weekend
| | There are two stocks that were mentioned in Barron's this past weekend, and stocks tend to do well when this happens. These two names are solid technically. However, I have two specific entry points I like.
Global markets are down slightly as COVID-19 vaccinations vary worldwide. We have a relatively light week for Federal Reserve data, as well as the weekly jobless claims and new homes reports on Thursday.
We have a lot of big names reporting earnings this week, and I'll give you a list of which ones to watch each day.
I expect that we won't get a lot of directional stock market movement in the next month or so. And interest rates will likely be around 2.25% to 2.5% by the end of the third or fourth quarter of this year.
In today's video, I go over the biggest earnings reports this week… Fed data we need to pay close attention to… the top stocks highlighted in Barron's over the weekend… and probable trading action for the bond market in the near term.
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