Reply To: Traders Market Weekly: Neutralizing Contagion


Tuesday – March 21

Earnings watch – Notable companies due to report include Tencent Music (TME), On Holdings (ONON), Nike (NKE), and GameStop (GME). Companies that have a very high trading correlation with Nike include Under Armour (UAA), Foot Locker (FL), Skechers (SKX), Lululemon (LULU), as well as Starbucks (SBUX) due to the China connection. Options trading implies a 15% swing for GameStop (GME) after the retailer’s report drops. Of note, shares of GameStop rallied 11% following the last earnings report.

All day – Roper Technologies (ROP) will hold its Investor Day event.

9:00 a.m. 2U (TWOU) will host an Investor Day event at the Nasdaq MarketSite in New York City. The 2U executive leadership team will discuss the company’s platform strategy, edtech sector trends, and plans to create shareholder value.

11:30 a.m. Adobe (ADBE) will host a Q&A meeting with financial analysts and investors at the Adobe Summit in Las Vegas.