This will be an especially busy week for earnings results from the financial sector. Big banks like JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), and Wells Fargo & Co. (NYSE: WFC) laid out their earnings Friday.
With Goldman Sachs Group Inc. (NYSE: GS) reporting earnings this morning, investors should be looking for ways to capitalize on any potential profit opportunities.
That's why Money Morning Capital Wave Strategist Shah Gilani lays out a strategy to make big gains in the months ahead. Read his latest insight, right here.
On Monday, the Dow fell 52 points as investors weighed a speech from Federal Reserve Vice Chair Stanley Fischer. Falling oil prices also battered energy stocks.
Monday's Stock Market Numbers:
Dow Jones: 18,085.86; -52.52; -0.29%
S&P 500: 2,126.49; -6.49; -0.30%
Nasdaq: 5,199.82; -14.34; -0.27%
Now let's look at the most important market events and stocks to watch today, plus your economic calendar, for Oct. 18, 2016.
The Dow Jones Industrial Average projected a 92-point gain at the opening bell after European markets rallied, oil prices ticked higher, and investors eyed a string of earnings reports in a busy morning session.
Oil prices were pushing higher again as traders reduced their fears about the supply and demand balance. Traders have been skeptical in recent weeks after OPEC announced plans to cap global production. The proposed cap has helped push oil prices back above $50; however, any significant blow to the deal could have serious ramifications for crude prices and energy stocks.
The WTI crude oil price today added 0.6%, while the Brent crude oil price gained 0.5%.
Shares of Yahoo! Inc. (Nasdaq: YHOO) added 0.5% as the technology company prepares to report quarterly earnings. The firm has been under significant pressure following the news that it suffered one of the largest cyber breaches in global history. The damage to the firm's brand was so bad that Verizon Communications Inc. (NYSE: VZ) is seeking to renegotiate terms of its planned purchase of Yahoo's core internet business. With YHOO earnings in focus, here's everything you need to know and how to play the stock moving forward.
Editor's Note: This is how the Yahoo hack could affect the Verizon deal...
But the big story in pre-market hours - one that has slipped off the mainstream media's radar - is the next housing crisis. The zero-interest-rate policy (ZIRP) of the Federal Reserve has been a boon for hard assets like real estate. While the U.S. real estate market has largely recovered from the 2008-2009 financial crisis, there are six cities across the country where values are pushing back into "bubble" territory. Do you live in any of these six cities?
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About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.