Futures rose as the market looked to sustain its momentum from Monday’s session — and more in Tuesday’s stock market recap.
This week we can expect data on the housing market and jobless claims, as well as the Philadelphia Fed Manufacturing Index and PMI Composite. But most of the attention will be on earnings…
Trading always heats up around earnings season, that’s why at 1 p.m. ET today, Tuesday, July 19, I’m holding a special class for my Pattern Trader strategy, at absolutely no cost!
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As earnings season coverage continues, IBM exceeded expectations for both revenue and profit. Shares slumped in premarket trading on Tuesday, however, on news that the company lowered its outlook for free cash flow for the year, citing foreign exchange difficulties and the suspension of its business in Russia.
Netflix reports after the close Tuesday, with expectations for earnings per share of $2.96 and revenue of $8 billion. Investors will also be paying close attention to the company's subscriber numbers — it previously warned that it expected to lose 2 million subscribers in the period ending June 30.
In this morning’s stock market recap video, I’ll reveal what to expect from earnings… which sector is expected to lead this summer… the biggest report of the week… how to gauge the current market cycle… plus the best way to take advantage of the market.
The FIVE secret patterns have achieved a 100% win rate on LIVE trade alerts so far!*
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That’s why I’m going LIVE at 1 p.m. ET on Tuesday, July 19 to reveal these five secret market patterns immediately…
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The major indexes closed up on Wednesday afternoon, and looked set to open lower Thursday. This speaks to a pattern I’ve noticed with the last four or five big reports…
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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