Hello MarketClub members everywhere. The indexes are looking and pacing to snap a 3-day losing streak today with the big 3 all being in the green. This move comes on the heels of a relatively quiet holiday weekend where fears of geopolitical upheaval that never came to fruition.
Traders have turned their attention to a slew of corporate earnings this week, led off by Netflix and of course United Airlines, who both report after the close today.
Netflix Inc. (NASDAQ:NFLX) is expected to report earnings of .37 EPS according to analysts. That would be more than a 38% increase compared with the .6 ESP Netflix reported during the same quarter a year ago.
Analysts expect United Continental Holdings Inc. (NYSE:UAL) earnings per share to drop 69% to .38 EPS, this decline is a reflection of higher fuel costs. Revenue is expected to increase 2% to $8.379 billion.
Key levels to watch this week:
S&P 500 (CME:SP500): 2,378.36
Dow (INDEX:DJI): 20,887.50
NASDAQ (NASDAQ:COMP): 5,769.39
Gold (FOREX:XAUUSDO): 1,284.20
Crude Oil (NYMEX:CL.K17.E): 53.90
U.S. Dollar (NYBOT:DX.M17.E): 98.67