The market is flat to start the week as traders await news on the debt ceiling, economic data and upcoming earnings reports from some of the biggest retailers in the U.S.
President Joe Biden and House Speaker Kevin McCarthy will meet on Monday to continue negotiations to raise the debt ceiling.
While the week is light on economic data, all eyes will be on Thursday’s latest gross domestic product number, which will give us more information on the health of the economy.
The Federal Reserve is also scheduled to reveal the minutes from its latest meeting on Wednesday.
Meanwhile, the market continues to digest the latest earnings reports. Lowe’s Companies Inc. (NYSE: LOW), Dick’S Sporting Goods Inc. (NYSE: DKS) and BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) report before the bell on Tuesday, while Costco Wholesale Corp. (Nasdaq: COST) reports after the close on Thursday. These large retailers should also provide clues about the strength of the economy and consumers.
In this morning’s stock market recap video, I’ll discuss the biggest Fed reports this week and which ones you should focus on… the biggest earnings reports this week and what type of movement to expect… which sectors are ready to trade higher and why… which sector is losing momentum… plus if the bond market is ready to plummet or skyrocket!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
There’s a brand-new way to trade Bitcoin, and you can do it without ever leaving your brokerage account.
It all has to do with targeting specific windows to trade….
And the next window opens next week!
So I’m going live with Jeffry Turnmire at 1 p.m. ET today, May 22, to reveal exactly how it works!
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to [email protected]!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.