It's options expiration week this coming week. This can make for some tricky trading and generally leads to increased volatility. Combine that with the start of earnings season and it can get crazy. You'll see some big names reporting earnings through the end of July. I've got a list below of the ones I'll be watching this week. There are some big ones, too.
I use www.earnings.com as my source for earnings reports. These are very important to follow because they have a way of scrambling up the charts. I don't like being in stocks before they report earnings unless I am somehow hedged, be it through reducing my position size or some options action or whatever. I've come to view earnings as a very binary event, a coin flip, if you will. Loading up heavily one way betting on the outcome of a report AND the market's reaction is a very risky endeavour. When I list them here, I list them based on the day by which you must have taken action to prepare for earnings. In other words, stocks that report earnings after the close Tuesday or before the open Wednesday will be listed as Tuesday because you will have had to take action by the close on Tuesday to prepare for it. Sometimes, the website just lists the day the company reports without a time, so those will be included on the previous day. If a stock is listed as reporting on Wednesday with no time provided, it will be listed here among on Tuesday. This saves me from having to list the before the open or after the close stuff because I'm lazy like that. :-p Plus, I have trouble enough getting them right, so you should verify them yourself and tell me if I'm wrong.
I do not plan to list the various government macroeconomic releases throughout the week in this weekly preview unless it's something really big like a Federal Reserve meeting. I'm a stock trader, not an economist, and this is a stock blog, not an economics blog, though the two topics are somewhat interrelated.
These will get shorter once earnings season fades and now that I've got the first one out of the way. I'll be able to say the earnings stuff in a much more concise manner with a 'See this post' note. :-p
Monday: CSX, NVLS, GS, JNJ
Tuesday: YUM, INTC, ABT, GCI, KMP, KMR, GWW
Wednesday: CTAS, LSTR, PLCM, BAX, BIIB, EWBC, GPC, GOOG, HOG, IIIN, JPM, MAR, MTG, NOK, PPG
Thursday: CY, CYT, DTLK, IBM, PBCT, TPX, AOS, ACU, BAC, BBT, C, FNH, GE, MI, MAT
Friday: BRO, ETN, GAP, HAL, HAS, JCI, MBT, WFT
Position: none
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