OUR SUMMER SALE ENDS ON MONDAY! And the markets for the week.
Everything you need to know about the markets in three minutes or less
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Hi there!
I’m writing the Sunday newsletter a bit earlier to let you know our sale ENDS ON MONDAY! OUR LAST SALE OF THE SUMMER!
But if you missed the news this week, while people were talking about Biden and his future as the Democratic nominee, and before a holiday, Nancy Pelosi’s husband disclosed new trades Nvidia, NVDA and Broadcom, AVGO, buying leveraged calls in AVGO. We broke it down last week for you and showed you how to track her trades BEFORE SHE DISCLOSES THEM:
Let’s see what is upcoming in the markets this upcoming week, and what happened this week quickly before the week begins!
But before we get to that, Unusual Whales is having a Summer Sale to start off summer for anyone wanting to try UW this season! The sale ends in SEVEN days!!!
Get 15% off any tier on Unusual Whales, and 20% off when you upgrade a tier!
This includes a sale on the unique portfolio feature, which lets you see politicians' portfolios. Grab a ship and sail into your options flow journey at a discount! We also just built a portfolio analyzer, trading journal, dividend tracker, and all around great software for you to see how you trade. Get it as part of the sale today!
Looking at the markets last week, SPY is currently up 1.14% this week, with most megacap stocks hitting ATHs. Here is what that looked like in the heatmaps:
Now to earnings (a pretty short earnings week after the July 4th week)!
Here are the upcoming earnings this week, including the expected moves, EPS mean estimates, and notable details. See more at unusualwhales.com/earnings. We also updated our earnings breakdowns to show you historical moves and predictions!
July 8, 2024:
Greenbrier Companies (GBX)
Expected Dollar Move: $4.61
Total Options Volume: 1,292
Stock Trading Volume: 157,484
Estimated EPS: $1.08
Reporting: Premarket
July 9, 2024:
Smart Global Holdings (SGH)
Expected Dollar Move: $2.90
Total Options Volume: 1,774
Stock Trading Volume: 394,554
Estimated EPS: $0.17
Reporting: Postmarket
July 10, 2024:
Ocean Power Technologies (OPTT)
Expected Dollar Move: $6.34
Total Options Volume: 1,977
Stock Trading Volume: 67,365,739
July 11, 2024:
Delta Air Lines (DAL)
Expected Dollar Move: $2.51
Total Options Volume: 23,375
Stock Trading Volume: 3,034,507
Estimated EPS: $2.37
Reporting: Premarket
PepsiCo (PEP)
Expected Dollar Move: $3.81
Total Options Volume: 13,554
Stock Trading Volume: 2,280,554
Estimated EPS: $2.16
Reporting: Premarket
Conagra Brands (CAG)
Expected Dollar Move: $1.06
Total Options Volume: 728
Stock Trading Volume: 1,908,322
Estimated EPS: $0.56
Reporting: Premarket
Progressive (PGR)
Expected Dollar Move: $9.45
Total Options Volume: 557
Stock Trading Volume: 970,579
Estimated EPS: $2.02
Uranium Royalty (UROY)
Expected Dollar Move: $0.29
Total Options Volume: 134
Stock Trading Volume: 559,685
Organigram Holdings (OGI)
Expected Dollar Move: $0.24
Total Options Volume: 713
Stock Trading Volume: 341,348
Estimated EPS: -$0.05
Platinum Group Metals (PLG)
Expected Dollar Move: $0.83
Total Options Volume: 135
Stock Trading Volume: 592,446
FingerMotion (FNGR)
Expected Dollar Move: $0.40
Total Options Volume: 415
Stock Trading Volume: 290,517
July 12, 2024:
Citigroup (C)
Expected Dollar Move: $2.17
Total Options Volume: 40,972
Stock Trading Volume: 5,796,526
Estimated EPS: $1.40
Reporting: Premarket
Wells Fargo (WFC)
Expected Dollar Move: $2.17
Total Options Volume: 46,056
Stock Trading Volume: 5,427,922
Estimated EPS: $1.27
Reporting: Premarket
JPMorgan Chase (JPM)
Expected Dollar Move: $6.07
Total Options Volume: 229,495
Stock Trading Volume: 5,558,634
Estimated EPS: $4.20
Reporting: Premarket
Ericsson LM Telephone (ERIC)
Expected Dollar Move: $0.52
Total Options Volume: 526
Stock Trading Volume: 7,521,059
Estimated EPS: $0.05
Reporting: Premarket
Fastenal (FAST)
Expected Dollar Move: $3.00
Total Options Volume: 545
Stock Trading Volume: 875,078
Estimated EPS: $0.51
Reporting: Premarket
Bank of New York Mellon (BK)
Expected Dollar Move: $2.27
Total Options Volume: 490
Stock Trading Volume: 1,131,211
Estimated EPS: $1.42
Reporting: Premarket
On to economic events for the week. Only notable earnings are banks on Friday.
Here is the economic calendar this week. More at unusualwhales.com/economic-calendar:
Tuesday, July 9:
Consumer credit for May is reported at 4:00 AM, previously at $6.4 billion.
NFIB optimism index for June is expected later at 7:00 PM, with a previous reading of 90.5.
Wednesday, July 10:
Wholesale inventories for May are expected to report a 0.1% change, at 11:00 PM.
Thursday, July 11:
Core CPI year over year for June, previously at 3.4%, will be reported at 9:30 PM.
Core CPI for June is expected to show a 0.2% change, along with CPI year over year, previously at 3.3%.
Consumer price index for June is anticipated to be 0.0%, also reported at 9:30 PM.
Initial jobless claims for the first week of July will also be announced at the same time.
Friday, July 12:
St. Louis Fed President Alberto Musalem is scheduled to speak at 2:00 AM.
Monthly U.S. federal budget for June is due at 3:00 AM.
Core PPI year over year for June, previously at 3.2%, along with Core PPI expected to show a 0.0% change, and PPI year over year, previously at 2.2%, are all reported at 9:30 PM.
Producer price index for June is expected to be -0.2%, also at 9:30 PM.
Preliminary consumer sentiment for July is forecasted at 68.2, reported at 11:00 PM.
Thank you as always for reading and have a great week!
Also finally, we are having a Summer day sale THAT ENDS IN THREE DAYS!!!!! for anyone wanting to try our all encompassing trading software. Get 15% off any tier on Unusual Whales, and 20% off when you upgrade a tier! We also just built a portfolio analyzer, trading journal, dividend tracker, and all around great software for you to see how you trade.
NOTE: This post is not financial advice. The stock market is risky, and any trade or investment is expected to have some, or total, loss. Please do research before any trade. Do not use this information for investment decisions. Check terms on site for full terms. Agree to terms before considering this information.