Tackle Today: What’s Happening In the Markets This Week This Week Feb 22nd, 2021. | Tackle Trading
Programming Note: STEP System MasterMind Group which is normally held on Wednesday’s will be held tonight at 8:30 EST. More information can be found here.
Markets are trying to hold onto short-term support levels as we start an interesting week. The financial media and investors are chitter-chattering about inflation and rising real yields as potential head winds for the market and Jerome Powell will undoubtedly having something to say about these topics when he delivers his semi-annual testimony to the Senate Banking Committee and the House Financial Services Committee this week. The earnings calendar is not as robust as recent weeks but there are certainly still some significant names on the calendar including Home Depot, Square and Nvidia. Commodities remain hot…bitcoin a little soft to start the week….it is going to be another wild week in trading and we will be here for every step of the action!
Earnings This Week
- Monday — Discovery Communications (DISCA), Occidental Petroleum (OXY) and Palo Alto Networks (PANW)
- Tuesday- Home Depot (HD), Macy’s (M),Square(SQ), Toll Brothers (TOL),
- Wednesday — Lowe’s (LOW), TJX Companies (TJX), and Nvidia (NVDA)
- Thursday -Best Buy (BBY), Anheuser-Busch InBev (BUD)
- Friday — Dell Technologies (DELL), HP Inc. (HPQ), Salesforce.com (CRM), Rocket Companies (RKT)
IPOs Expected This Week
- Tuesday and Wednesday — Federal Reserve Chairman Jerome Powell delivers his semi-annual testimony to the Senate Banking Committee and the House Financial Services Committee.
- Wednesday — New Home Sales
- Thursday — Jobless Claims
- Friday — Personal Income and Outlays
Chart of the Day
Earnings This Week
Earnings season continues in the last heavy weeks of earnings for this cycle. While there will be companies report every week until the next earnings cycle after this week this one is in the books for the most part.
Video of the day
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses, and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involve a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax, and accounting advisors, to determine whether such trading or investment is appropriate for that user.
Originally published at https://tackletrading.com on February 22, 2021.