As the U.S. markets open up this Monday morning, Wall Street is preparing itself for yet another week of potential profits.
… With big retail names like Walmart, Target, Lowe’s and Macy’s on the docket this week to release the latest batch of earnings reports, it’s no surprise many traders have retail on the mind!
As such, today we dive into the details of these upcoming retail announcements as well as the many other market updates that are expected this week including the upcoming release of FED minutes and the latest from our friends at TESLA and Robinhood.
Earnings Start Things Off with a Bang!
In the early days of this week, the world of earnings is certainly going to be on many trader’s minds as America’s largest box store, Walmart is expected to release their latest batch of earnings reports along with the likes of America’s largest home improvement retailer, Home Depot.
As the week moves on, the list of big names joining the earnings parade only continues to grow as other major retailers such as Target, Lowe’s, Victoria’s Secret and Macy’s add their names to this week’s expected earnings reporters.
More Robinhood Excitement…
On Wednesday of this week, the popular trading app Robinhood is expected to release data on the success of their first quarter as a publicly traded company.
As many investors may be aware, Robinhood has had a rocky start during their initiation onto Wall Street as their charts continue to rise and fall. With prices immediately taking a tumble to the low $30’s after open, then shooting upwards of $70 a share and then becoming stagnate at around $50 a share, Robinhood has certainly kept early investors on their toes in these initial stages of its going public. As such, there’s no shortage of interest in the markets on what Robinhood officials have to report this week.
A FED Update
Though Robinhood may take center stage this Wednesday, another important event will be the release of the Federal Reserve’s Open Market Committee minutes from July which is only expected to continue the discussions set into place at the same meeting one month prior on U.S. inflation rates and when to start pulling back their financial support within the U.S. economy as signs of economic recovery only continue to spread.
TESLA’s AI DAY
One of the last major events occurring this week is the upcoming TESLA AI DAY where TESLA founder Elon Musk has tweeted that he will be hard at work “convincing the best AI talent to join TESLA.”
Other than this brief preview of what we could see from Musk and his company on this highly anticipated day, not much else is known about the event’s schedule as Musk allows curiosity to fan the flames of excitement. One thing is for certain though… with names like Elon Musk and TESLA on the invitation, there’s certain to be a large turnout of the world’s most promising artificial intelligence experts in attendance, which appears to be exactly what Musk wants.
Learn More Here…
Well, there it is, folks… The upcoming week in review and as you can see, there’s no shortage of events that are certain to add excitement to the average trader’s upcoming week!
With that in mind, we encourage you to join DTI founder and head trader Tom Busby as he shares his take on the week ahead and his plans for tackling whatever the market may throw our way!
P.S. – Are you interested in learning how you could tackle this market with a simple $5 trade?
If so, you’re not going to want to miss Tom’s latest session where he sat down with market pro Fausto Pugliese to learn more about how we all could take advantage of this rare investment opportunity!