• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing

Investors Look Ahead to Big Corporate Earnings Next Week

JPMorgan Chase, Wells Fargo and Netflix are just some of the companies reporting next week.
By JAMES "REV SHARK" DEPORRE
Jan 11, 2019 | 04:23 PM EST
Stocks quotes in this article: SPY, JPM, WFC, NFLX, AAPL

The most notable thing about the market action to wrap up the week is that we had the narrowest range of action in a long time. The last time the S&P 500 ETF (SPY) traded in such a narrow range was on the half day of trading following Thanksgiving.

While the tight range made for a dull day of trading it is a longer-term positive. The S&P 500 is up 9 of the last 12 days and just barely missed a positive close again today. This is a market that needs to rest and consolidate a bit to support another leg higher.

Earnings season starts next week with JPMorgan Chase (JPM) and Wells Fargo (WFC) reporting on Tuesday before the market open. There are a few other financials during the week but the most interesting report will be from Netflix (NFLX) on Thursday after the close.

This big run up in the indices into the reports is not a particularly favorable setup. Expectations have risen and there is a great chance of a "sell the news" response to reports that are just OK.

What had been helping the market over the last couple weeks is positive expectations on China trade and the dovish tone of Jerome Powell. The earnings shortfall from Apple (AAPL) has been forgotten but we are going to start finding out pretty soon how isolated that problem might be.

There is also talk that the government shutdown is going to start having some effect on the economy. So far the market has been unconcerned about the issue despite plenty of anecdotal evidence of some negative fallout. If there is impact on some of the macro level numbers then the market is going to start reacting a bit more.

We are at a difficult juncture right now with the indices and running into resistance but plenty of hope that the worst is over and good news lies ahead on trade and a resolution of the shutdown issue. The risk of disappointment is high but that isn't being reflected in the price action.

Have a great weekend. I'll see you on Monday.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication Rev Shark had no position in the securities discussed.

Jim Cramer and the AAP team hold positions in JPMorgan Chase and Apple for their Action Alerts PLUS Charitable Trust Portfolio . Want to be alerted before Cramer buys or sells JPM and AAPL? Learn more now.

TAGS: Investing

More from Investing

A Hawkish Fed Will Make a V-Shaped Bounce Difficult to Sustain

James "Rev Shark" DePorre
Jun 27, 2022 8:15 AM EDT

Such bounces seemingly have been the norm for a while, but circumstances this time are quite different than any time since 2008-2009.

Let's Check Nike's Charts Ahead of Monday's Earnings

Bruce Kamich
Jun 27, 2022 8:12 AM EDT

Here's what traders who are still long NKE could continue to do.

India's Equity Market Sees Foreign Investors Sell at Record Rate

Alex Frew McMillan
Jun 27, 2022 8:00 AM EDT

After two years of strong buying, international investors are now dumping Indian stocks as they look to capture gains.

Russia Defaults, G7, NATO, Market Catalyst, Earnings, Trading Wells Fargo

Stephen Guilfoyle
Jun 27, 2022 7:40 AM EDT

This is the first actual Russian default on foreign denominated debt since the Bolsheviks repudiated the Czar's debt-load in 1918.

Investors Bullish as Growth/Tech Stocks Rally

Helene Meisler
Jun 27, 2022 6:00 AM EDT

A rally of growth/tech stocks is the best way to convert skeptics.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 12:04 AM EDT PAUL PRICE

    Two Good Signs -- Especially for Small-Cap Investors

  • 12:10 AM EDT PAUL PRICE

    More Insider Buying in American Woodmark (AMWD)

    American Woodmark , which I've discussed here fr...
  • 08:55 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    The 10 personality traits of successful traders an...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login