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


Thursday – January 19

Earnings watch – Notable companies due to report include Fastenal (FAST), Procter & Gamble (PG),and Netflix (NFLX) . Options trading implies a double-digit swing up or down when Tal Education (TAL) reports. Shares of TAL gained 10% the last time the company reported earnings.

All day – Compass Diversified Holdings (CODI) will host an Investor Day event in New York City.

All day – The FDA action date arrives for Seagen’s (SGEN) Tukysa in combination with Trastuzumab for metastatic colorectal cancer. Merck (MRK) has rights to Tukysa outside of the U.S., Canada, and Europe. The FDA is also expected to act on BeiGene’s (BGNE) Brukinsa (zanubrutinib) for chronic and small lymphocytic leukemia. Shares of BGNE have been active after Brukinsa developments.

All day – Procter & Gamble (PG) holds its earnings call. Household personal care stocks that have a 98% or higher trading correlation with P&G include Unilever (UL), Kimberly-Clark (KMB), and Colgate-Palmolive (CL). Retailer e.lf. Beauty (ELF) has a 94% trading correlation and Walmart (WMT) has a 78% trading correlation.

All day – ARK Invest will hold its Q4 fund webinar. Cathie Wood has been a continual buyer of Coinbase Global (COIN) amid the sell-off.