Episode 47 February 2, 2019
Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike.
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The markets had a nice week, with the US equity market rising roughly 1.5%. The Dow Jones Industrial Average rose 326 points to finish the week at 25,063 points. The S&P 500 Index increased 41 points, closing on Friday at 2,706 points.
This week there are 532 publicly traded companies in the US that will announce quarterly earnings. On Monday we’ll hear from Google. On Tuesday, Anadarko Petroleum, ADM, Allstate, Spirit Airlines, Walt Disney, and Jones Lang LaSalle will announce. On Wednesday Eli Lilly, Boston Scientific, General Motors, GoPro, MetLife, and Travelzoo will report quarterly earnings. On Thursday, Yum Brands, Kellogg Co, Expedia Group, NGL Energy Partners, GrubHub, and Twitter will announce their earnings. And on Friday I’ll look for Phillips 66 to report quarterly earnings.
In this week’s show, we will cover the trades from last week on Cleveland-Cliffs, Haliburton, and Texas Instruments.
And we discuss three new trades on Transocean Group, IBM, and Starbucks.
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