We have some BIG, market-moving news bits coming Thursday…
First, gross domestic product came in at 2%, way above estimates of 1.3%.
Jobless claims also came in under expectations at 239,000 versus 265,000.
We also have big earnings on deck Thursday with Nike Inc. (NYSE: NKE) reporting after the close. It’s a consumer staples stock and something people tend to go without during recessionary periods — it’s not like bread and water, things people can’t go without.
So if Nike’s earnings are bad, that would likely be bad news for the overall economy.
I’ll cover all that and more in Thursday’s Premarket Must Watch…
In today’s all-new video briefing, I discussed what to expect from the Fed this week… why China may be the pink elephant in the room sooner than later… which stocks are set to rise in the next few sessions… an update on the bond market and why it’s crucial right now… an earnings preview on a few top stocks… my analysis of the major indices and where I believe they will go next, and key momentum levels for all trading action!
P.S. Have You Heard the News? I Just Filed a Patent!
Have you heard the news?! I just filed a patent on this brand-new trading software I developed along with over 90 very happy beta testers…
And it’s finally ready for the masses!
It’s a software so powerful, it can track when BIG Wall Street money is likely about to flood into any stock, at any time!
And the track record — hoo boy, it’s great! So far, we’ve nailed 21 of 25 trades.
I’m so convinced that this software will be a game-changer for retail traders that, like I said, I filed a patent for it!
The big reveal is happening at 1:30 p.m. Eastern on Friday, so click the link below to RSVP…
