Trade Ideas —$YHOO, $DQ, $GPRO, $TD, $LOW, $UWTI, $CENX, $CNQ

April 17, 2016

Economic News

As earnings season shifts into high gear this coming week, It is expected to be the weakest U.S quarterly results period since 2009. Following the earnings recession that begain in the third quarter of 2015, investors are hoping we are now nearing an end, expected to come around the second quarter of this year.

Unemployment remains relatively unchanged now at 4.9%. This figures is expected to remain relatively the same for the coming weeks.

Economic Calendar

Earnings Calendar

Earning season is ramping up next week with results from top tech names Alphabet ($GOOGL), Microsoft ($MSFT), Yahoo ($YHOO) and Intel (INTC) as well as other consumer brands such as MacDonalds ($MCD), Starbucks ($SBUX), Yum Brands ($YUM) and Coca-Cola Co. ($KO). Other big names include General Electric ($GE), Honeywell ($HON) and Caterpillar ($CAT).


Markets are taking a breather following the breakout that started mid Feburary, with major indices fluctuating around near near May 2015 highs. Though strategists are being cautious going into earning as there are too many concerns keeping investors from becoming too upbeat at this point.

Crude Oil continues to rebound and economists are modestly positive that this trend will continue. A softening dollar and slow-but-steady growth in U.S. economy point to further rebound in commodity prices as well as energy company.

$YHOO — Yahoo! Inc.

$DQ — Daqo New Energy Corp.

$GPRO — GoPro, Inc.

$TD — The Toronto-Dominion Bank

$LOW — Lowe’s Companies Inc.

Energy/Commodity Plays

$UWTI — VelocityShares 3x Long Crude Oil ETN

$CENX — Century Aluminum Co.

$CNQ — Canadian Natural Resources Limited

Happy Trading!

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