Earnings season picks up as January ends on an upswing

Earnings season picks up as January ends on an upswing
February 1, 2016 Market Traders Institute

On the last trading day of January, Wall Street surged over 2 percent as stocks reacted positively to the Bank of Japan cutting interest rates and Microsoft leading a major technology share rally.

 

Oil was the story in January

 

Falling oil prices were the main reason for January’s volatile start to 2016 trading, but the month ended down by only 5% after being down 11% earlier in the week before Friday’s upswing.  Many traders are still concerned about oil prices below $30 per barrel, but our students have been using expert strategies to profit despite January’s “Market Mayhem.”

 

Attention turns to earnings

 

As February begins, some of the most-watched earnings reports will also be coming out.  Alphabet  (GOOG) is reporting after the market closes today for the first time as a conglomerate, and the company is poised to surpass Apple Inc. (AAPL) as the most valuable company on earth.

 

Also reporting earnings this week are Aetna (AET), Pfizer (PFE), Merck (MRK), Anadarko (APC), ConocoPhillips (COP), Occidental Petroleum (OXY) and General Motors (GM).

 

Don’t miss our free webinars

 

Our experts will be discussing these reports in this week’s free webinars, and if you have not already registered, you should make sure you grab your seat now to be in the best position for profit.

 

Just register for a free Forex webinar using the button below, or join us for our stock and options webinars at https://www.markettraders.com/stock-package/.

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