Problem-Analysis-Solution with magnifying glass

Earnings Season Takeaway (Mild Positive)

What’s in Today’s Report:

  • Earnings Season Early Takeaway (Mildly Positive)
  • Sector Winners From a U.S./China Trade Deal Announcement (It’s Coming Any Day Now)
  • EIA and Oil Market Update

Futures are little changed following a generally quiet night as earnings remain in focus.  Economic data was sparse overnight and isn’t moving markets.

Results after hours Wednesday were good as FB and MSFT both beat estimates, although that’s being offset partially by ugly MMM results this morning.

Today there are two notable economic reports, Durable Goods (E: 0.8%) and Jobless Claims (E: 209K) and it’ll be important to see some sort of stabilization in business spending via Durable Goods.

But, the real focus today will remain on earnings, as we get several important reports.  If numbers are good in aggregate, this rally can continue.  Some earnings we’re watching include – Pre-Open: UPS ($1.42), MMM ($2.50), MO ($0.92).  After the Close: AMZN ($4.72), INTC ($0.87), SBUX ($0.56).