The market shrugged off the “bullish” overseas news of the France election with the bears controlling today’s first half of action. Of course, it is not how you start but how you finish, and there is still another half of trading to go. While there was Wall Street hope higher highs would continue into play on the headlines from the weekend, the top end of the current trading range is still intact.
There are still economic and earnings news that could help with market action this week and I wanted to cover the latter for possible trade setups.
Pandora Media (P), Hertz Global Holdings (HTZ) and MeetMe (MEET) will announce numbers after today’s closing bell.
Tuesday’s earnings include Dean Foods (DF), Electronic Arts (ERTS), Wayfair (W), Walt Disney (DIS), and Yelp (YELP).
21st Century Fox (FOX), Hologic (HOLX), Mazor Robotics (MZOR), SodaStream International (SODA) and Whole Foods Market (WFM) will announce quarterly results on Wednesday.
The retail sector highlights Thursday’s action with Macy’s (M), Nordstrom (JWN), and Kohl’s (KSS) scheduled to report. Other companies include Teva Pharmaceuticals (TEVA), Toyota Motor (TM), and Trade Desk (TTD).
Amaya (AYA) and JC Penney (JCP) will announce ahead of Friday’s opening bell.
The Dow is lower by 13 points to 20,993 while the S&P 500 is off 2 points to 2,397. The Nasdaq is down 10 points to 6,089 and the Russell 2000 is sliding 8 points to 1,388.
I have updated our current trades so let’s go check the tape. I’m also working on 1-2 new trades ahead of the close so stay locked-and-loaded.