There is a light calendar this week, so naturally the market will be looking at earnings. There is trade that some do regarding the pre earnings hype. Stocks tend to move up prior to the earnings announcement. Some could call it the buy the rumor sell the news. As we look at the earnings this week, see if that takes place.
Here is the play, look for stocks that are trading above the 20 day moving average and two weeks out from announcing. Go long, sell credit spread, or buy calls. Make sure you sell before the earnings announcement. If the stock announces before the open, exit the prior day. Good Luck. $WMT, $BIDU, $CSCO, $BABA are some notable companies that are just over two weeks out.
Happy Monday. Good Luck out there this week.
Global Spotlight
Spotlighting Belt and Road. Amid rising global scrutiny over China’s Belt and Road Initiative, Beijing will host nearly 40 world leaders next week for the second Belt and Road Forum.
A U.S. Shift in Libya? Field Marshal Khalifa Hifter is running into big obstacles waging an offensive on Tripoli, but the ambitious general appears to have earned a valuable ally this week: U.S. President Donald Trump.
Mexico’s President Kills Reform by Decree. In keeping with one of his big campaign promises, Mexican President Andres Manuel Lopez Obrador ordered his government to stop enforcing a landmark education reform that was enshrined in the constitution in 2013.
Qualcomm Survives the Apple Threat, but the FTC Threat Looms Large. Apple and Qualcomm ended a string of long-running legal disputes this week over licensing royalties.
Italy Credit Rating Watch. We’ll be watching market reactions when Standard & Poor’s announces its credit rating for Italy on April 26.
Stratfor.com
Economic Calendar
Briefing.com has a good U.S. economic calendar for the week. Here are the main U.S. releases.
Briefing.com
Last Weeks Numbers
Review Last weeks numbers here.
Earnings
Thomson Reuters I/B/E/S
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