It sure was a crazy week in the market. Investors might have a little more work to do now that higher interest rates are looming their ugly head.
Looking ahead following last week’s 4% slide in the Dow and S&P 500, there’s also the sharp moves in the U.S. dollar, crude oil and gold to consider – as well as some government shutdown drama once again.
While more tax reform guidance updates will fly in, also pay attention to conference calls as execs talk about wage pressure amid a bustling U.S. economy.
Key stocks to watch this week: earnings
On the earnings front, there are some blockbusters, headlined by Disney (NYSE:DIS), Twitter (NYSE:TWTR) and Tesla (NASDAQ:TSLA). Full-year guidance updates from those three are likely to stir things up. We also have key reports from others as well. These include Arconic (NYSE:ARNC), Skyworks Solutions (NASDAQ:SWKS) and Cirrus Logic (NASDAQ:CRUS) on Feb. 5; Chipotle (NYSE:CMG), Gilead Sciences (NASDAQ:GILD), Disney, General Motors (NYSE:GM) on Feb. 6; Tesla, Yelp (NYSE:YELP), Michael Kors (NYSE:KORS), Take-Two Interactive (NASDAQ:TTWO), Softbank (OTCPK:SFTBY), Zynga (ZYNGA) and Hasbro (NASDAQ:HAS) on Feb.7; Nvidia (NASDAQ:NVDA), Twitter, Activision Blizzard (NASDAQ:ATVI), Pandora (NYSE:P), FireEye (NASDAQ:FEYE), Viacom (NASDAQ:VIAB) and CVS Health (NYSE:CVS) on Feb. 8; CBOE Holdings (NYSE:COE), ImmunoGen (NASDAQ:IMGN) and PG&E (NYSE:PCG) on Feb. 9.
Key stocks to watch this week: Financials
Investors may be hearing a lot more about “deposit beta” next week as analysts try to sort out how banks will adjust their deposit rates to multiple Fed hikes this year and higher Treasury yields. Deposit beta is a wildcard for smaller banks and regional banks, just as it is for the big names such as JPMorgan (NYSE:JPM), U.S. Bancorp (NYSE:USB), Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC).
Key stocks to watch this week: The SuperBowl
Big players in the advertising mix at the big game include Toyota (NYSE:TM) with three spots, Anheuser-Busch InBev (NYSE:BUD) also with three spots and PepsiCo (NYSE:PEP) with two commercials and the halftime show sponsorship. Wendy’s (NYSE:WEN) is going straight at McDonald’s (NYSE:MCD) with a 30-second fresh vs. flash frozen ad. However, the company with the most to gain out of the most-watched TV event of the year might be Comcast (NASDAQ:CMCSA). In a nice twist of synergy, NBC can effortlessly build excitement for the Winter Olympics that start in South Korea on Feb. 9 across multiple NBC channels. As far as betting, William Hill (OTCPK:WIMHF, OTCPK:WIMHY) and some other sports books were unbalanced at the time of publication due to the large amount of money being bet on the Philadelphia Eagles.
Key stocks to watch this week: SpaceX
The Falcon Heavy rocket from SpaceX (Private:SPACE) is due to blast off for the first time on Feb. 6 (opening launch window) with engines capable of 5M pounds of thrust and a potential cargo load of 140K pounds. The rocket is considered the most powerful since the Apollo program’s Saturn V. The Verge points out that a succesful launch opens up all kinds of possibilities for space exploration in tandem with NASA. While a SpaceX IPO is still considered off in the distance, a smooth ride next week from the Falcon Heavy is a step in the right direction.
Key stocks to watch this week: IPOs
TFI Tab Food Investments (Pending:TFIG) on Feb. 6; Quintanta Energy Services (Pending:QES), Huami (Pending:HMI) and Cactus (Pending:WHD) on Feb. 7; Cardlyrics (Pending:CDLX), Ipsco Tublars (Pending:IPSC) and Modus G1 (Pending:MOTS) on Feb. 8.
Key stocks to watch this week: expirations
China Internet Nationwide Financial (NASDAQ:CIFS) and Zealand Pharma (NASDAQ:ZEAL) on Feb. 5; YogaWorks (YOGA9 and Ranger Energy Services (NYSE:RNGR) on Feb. 7; Erytech Pharma (NASDAQ:ERYP).
Key stocks to watch this week: Dunkin investor day
Dunkin’ Brands (NASDAQ:DNKN) on Feb. 8.
Key stocks to watch this week: Aerospace
A huge spotlight from the defense industry falls on New York City on Feb. 7-9 for this key investor conference. Presenting companies include Raytheon (NYSE:RTN), Boeing (NYSE:BA), Cubic (NYSE:CUB), Northrop Grumman (NYSE:NOC), Lockheed Martin (NYSE:LMT), Jacobs (NYSE:JEC), Spirit (NYSE:SPR), Johnson Controls (NYSE:JCI), KEYW (NASDAQ:KEYW) and Leidos (NYSE:LDOS).
Key stocks to watch this week: Cyptocurrency
That escalated quickly. Crypto traders will be tempted to catch the falling knife this week as regulatory concerns continue to shake out confidence in the burgeoning market. The impact of Facebook’s (NASDAQ:FB) broad ban on crypto-currency advertising is another wildcard to consider. Let us not forget the fact that India has vowed to disallow all cryptos, and that major banks are cracking down on investors’ ability to use credti and debtit cards to buy cryptocurrency.
7-day crypto scorecard: Bitcoin -20%, Ripple -25%, Ethereum -12%, Bitcoin Cash -24%, Litecoin -22%, Cardano -34%, NEM -34%, NEO -11%, TRON -38%, Stellar -33% and IOTA -22%.
Key stocks to watch this week: Biotech
Acorda Therapeutics (NASDAQ:ACOR) is expecting to hear from the FDA if the resubmitted Inrija NDA for Parkinson’s has been accepted for review. Pfizer (NYSE:PFE), Johnson & Johnson (NYSE:JNJ), AstraZeneca (NYSE:AZN) and Merck (NYSE:MRK) are all in the spotlight at the American Society of Clinical Oncology Genitourinary Cancers Symposium from Feb. 7-9. Abstracts could be issued prior to the conference.
Key stocks to watch this week: Merger Madness
Monsanto (NYSE:MON) and Bayer (OTCPK:BAYRY) face a deadline of Feb. 5 to submit remedies to the European Union. The acquisition of Buffalo Wild Wings (NASDAQ:BWLD) by Roark Capital is expected to close on Feb. 5. The go-shop period on the buyout of Blackhawk Network (NASDAQ:HAWK) expires on Feb. 9. Expect some sell-side handicapping on the potential for a CBS (NYSE:CBS) merger with Viacom (VIAB).
Key stocks to watch this week: Casinos
Casino rush: Rising employment could mean a pickup in casino traffic to the nation’s gambling mecca. “The Las Vegas economy is on a tear and the recent tax reform will only help,” notes Union Gaming’s John DeCree. The analyst points to investments in the new Raiders NFL stadium, the Las Vegas Convention Center, Resorts World Las Vegas and Wynn Paradise Park. The positive Vegas outlook could lift Caesars Entertainment (NASDAQ:CZR), MGM Resorts (NYSE:MGM), Boyd Gaming (NYSE:BYD), Wynn Resorts (NASDAQ:WYNN) and Red Rock Resorts (NYSE:RRR).
Key stocks to watch this week: Business updates
Fastenal (NASDAQ:FAST) on Feb. 6; Costco (NASDAQ:COST) and Zumiez (NASDAQ:ZUMZ) on Feb. 7; L Brands (NYSE:LB), Plug Power (NASDAQ:PLUG), Buckle (NYSE:BKE) and Franklin Resources (NYSE:BEN) on Feb. 8; TD Ameritrade (NASDAQ:AMTD) on Feb. 9.
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