March 19, 2024

The NightCap

The Market:

Stocks had another tough session following a second day where the Chinese market was halted.  Chinese officials have removed the circuit breaker restrictions for tomorrow’s session and traders appear to be preparing for a volatile session but it will be interesting to see if allowing the index to freely trade will ultimately help it bottom — even if only for the short-term.

Another session where no Sector saw gains but the relative outperformers were Retail (XRT), which was helped by Wal-Mart (WMT) after gaining 2.3% on the session, and Monday’s leader Utilities (XLU).

Along with what happens overnight in China’s trading, traders will be watching the Jobs data scheduled to be out at 8:30 am ET tomorrow.

 

Index & Sector performance 1/7/16

 

Economic Calendar week of 1/4/16

 

Reporting EPS 1/7/16 After the Close:

Companies Reporting EPS 1/7/16 After the Close

 

Reporting EPS 1/8/16 Pre-Market:

Companies Reporting EPS 1/8/16 pre-market

 

Analyst Comments:

Upgrades 1/7/16

Downgrades 1/7/16

Initiations 1/7/16

Price Target Changes 1/7/16

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