Reply To: Traders Market Weekly: Big Tech Earnings and Global PMI


Wednesday – January 18

Earnings watch – Notable companies due to report include Charles Schwab (SCHW), PNC Financial (PNC), Discover Financial (DFS), and Kinder Morgan (KMI). Options trading implies a 8% swing up or down when Alcoa (AA) reports.

All day – The list of Federal Reserve speakers includes Bostic, Harker, and Logan. The central bank will also release its Beige Book report.

All day – F5 (FFIV) will hold a Solution Day event in Berlin, Germany to show off its products.
All day – Shareholders with Adara Acquisition Corp. (ADRA) will meet to vote on the SPAC deal to take Alliance Entertainment public. Alliance Entertainment is a distributor and wholesaler of what it says is the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles.
All day – Newtek Business Services Corp. (NEWT) will hold an investor conference call to discuss the company’s NewtekOne rebranding strategy and the relaunch and redesign of its website.

8:30 a.m. The producer price index for December will be released. The inflation measure is expected to show a 0.1% month-over-month drop with the year-over-year rate going to +6.8% from +7.3% in November. Core PPI (ex-food, energy, services) is forecast to rise 0.3%.

8:30 a.m. The retail sales report for December will be released. The headline reading is forecast to be +0.1% month-over-month and core retail sales are expected to drop 0.2%.