Short market week with July 4th, UW Sale, New Portfolio Tracking Feature on UW
Everything you need to know about the markets in three minutes or less
🍒Get a $50-$5000 bonus when you open an tastytrade x UW account🍒
Good evening!
Let’s see what is upcoming in the markets this week, and what happened last 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!
It’s a short week this week, with Wednesday being a half day in the markets, and Thursday the markets are closed fully. You can see the market holidays here.
Looking at the markets last week, SPY finished flat down only 0.03% despite NVDA finally having a negative week, down 2.39%. Here is what that looked like in the heatmaps:
Now to earnings!
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!
Earnings Date: 2024-07-01
3D Systems (DDD) - EPS Est: -$0.11, Expected Move: $0.43, Options Vol: 1193, Stock Vol: 3256636, OI: 83828
Earnings Date: 2024-07-02
Sibanye Stillwater (SBSW) - EPS Est: N/A, Expected Move: $0.43, Options Vol: 3764, Stock Vol: 3389301, OI: 255408
Manchester United (MANU) - EPS Est: -$0.24, Expected Move: $0.50, Options Vol: 488, Stock Vol: 251963, OI: 31758
MSC Industrial Direct Co. (MSM) - Premarket, EPS Est: $1.33, Expected Move: $3.74, Options Vol: 982, Stock Vol: 950311, OI: 2739
Cosmos Health (COSM) - EPS Est: -$0.14, Expected Move: $2.10, Options Vol: 750, Stock Vol: 81304248, OI: 333
Earnings Date: 2024-07-03
SunPower (SPWR) - EPS Est: -$0.29, Expected Move: $0.31, Options Vol: 12386, Stock Vol: 6951198, OI: 169838
Wrap Technologies (WRAP) - EPS Est: N/A, Expected Move: $0.43, Options Vol: 318, Stock Vol: 217155, OI: 49027
Constellation Brands (STZ) - Premarket, EPS Est: $3.46, Expected Move: $7.91, Options Vol: 6102, Stock Vol: 1505061, OI: 37339
Sonder Holdings (SOND) - EPS Est: N/A, Expected Move: $1.11, Options Vol: 4613, Stock Vol: 36524, OI: 5893
Earnings Date: 2024-07-04
Faraday Future Intelligent Electric (FFIE) - EPS Est: N/A, Expected Move: $0.14, Options Vol: 114857, Stock Vol: 197643605, OI: 452107
Polestar Automotive Holding UK (PSNY) - EPS Est: -$0.13, Expected Move: $0.30, Options Vol: 1704, Stock Vol: 14133656, OI: 116210
Hive Blockchain Technologies (HIVE) - EPS Est: -$0.13, Expected Move: $0.28, Options Vol: 2432, Stock Vol: 4546915, OI: 102465
Conns (CONN) - EPS Est: -$0.65, Expected Move: $0.36, Options Vol: 2808, Stock Vol: 624396, OI: 26960
On to economic events for the week:
Here is the economic calendar this week. More at unusualwhales.com/economic-calendar:
Monday, July 1:
S&P final U.S. manufacturing PMI for June is reported at 10:45 PM.
ISM manufacturing for June is forecasted at 49.2%, up from 48.7%, at 11:00 PM.
Construction spending for May is expected to be 0.2%, an improvement from -0.1%, also at 11:00 PM.
Tuesday, July 2:
Federal Reserve Chair Jerome Powell is scheduled to speak in Portugal at 10:30 PM.
Job openings for May are expected to be 7.9M, down from 8.1M, reported at 11:00 PM.
Wednesday, July 3:
New York Fed President John Williams speaks in Portugal at 7:30 PM.
ADP employment for June is forecasted at 170K, up from 152K, reported at 9:15 PM.
The U.S. trade deficit for May is expected to be $76B, widening from $74.6B, reported at 9:30 PM along with initial jobless claims for June, expected at 235K, up from 233K.
S&P final U.S. services PMI for June is reported at 10:45 PM.
ISM services for June are forecasted at 52.5%, down from 53.8%, and factory orders for May are expected to be 0.3%, down from 0.7%, both at 11:00 PM.
Thursday, July 4:
Minutes of the Fed's June FOMC meeting will be released at 3:00 AM.
Friday, July 5:
New York Fed President John Williams speaks in India at 6:40 PM.
Hourly wages year over year for June, previously at 4.1%, reported at 9:30 PM.
U.S. hourly wages for June are expected to be 0.3%, down from 0.4%.
The U.S. unemployment rate for June is expected to remain steady at 4.0%.
U.S. employment report for June is anticipated to show 195K jobs added, down from 272K, all reported at 9:30 PM.
Thank you as always for reading and have a great week!
Also finally, we are having a Summer day sale to kick off summer 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.