The past few trading days were what I used to call “side-bet” days on the trading desk. That means that price action was so quiet in broader markets that traders everywhere were coming up with side-bets with their fellow traders to add some excitement to the day. They ranged from bets on which country was the 6th most populous in the world (it’s Pakistan), to eating competitions, the thought of which still make my stomach hurt today.
With that in mind, rather than focus on quiet macro markets, here’s an earnings season calendar of certain stocks that report over the next 2 weeks:
Jan 11th: WFC before open
Jan 14th: PPG before open
Jan 15th: LEN before open
Jan 16th: GS before open, EBAY after close
Jan 17th: BAC before open, C before open, INTC after close, AXP after close
Jan 18th: GE before open, SLB before open, JCI before open
Jan 22nd: JNJ before open, DD before open, VZ before open, GOOG after close, IBM after close, CSX after close, TXN after close
Jan 23rd: MCD before open, BHI before open, UTX before open, AAPL after close
Jan 24th: MMM before open, UNP before open, MSFT after close, SBUX after close, T after close, JNPR after close
Jan 25th: HAL before open, PG before open, NFLX before open
Markets overnight:
- Asia was mostly green, led by Japan up close to 1% once again. China’s strong export numbers (14% growth yoy vs. 5% expected) were the catalyst.
- Europe has traded close to unchanged all session, up 0.1% right now. Spanish and Italian sovereign yields are near 1 year lows after a strong Spanish bond auction. SPX futures are indicated up 0.3%.
- Commodities are stronger after the Chinese data, led by copper and oil up 1%. The dollar and Treasury bonds are weaker.
- ECB head Draghi speaks at 8:30 am after the ECB left rates unchanged at 0.75%.
- U.S. Jobless Claims data released at 8:30 am.