After the full calendar of the past few weeks, investors appear to have a calm week ahead of them by comparison. Don’t let that fool you, though… There’s still much to anticipate during the week ahead and we’re here to help fill you in on all the info you’ll need to get your trading week started off on the right foot.
A Big Week for Oracle!
To start the week off, President Biden is set to meet with Turkish President Tayyip Erdogan while both attend the NATO summit in Brussels. The two are expected to discuss negotiations and diplomacy in Afghanistan and other regional issues as well as touch on the “significant differences on values and human rights” between D.C. and Turkish capital, Ankara as reported by national security adviser Jake Sullivan.
Continuing into the week, investors will have another bunch of economic data to mull over as Tuesday will see the earnings release of companies such as H&R Block, La-Z-Boy and one of DTI founder and head trader Tom Busby’s most recent favorite stock picks Oracle!
Biden vs Putin
Wednesday will have all eyes on D.C. and Biden yet again as the FOMC’s decision on interest rates is expected to be announced followed by a press conference led by FED chair Jerome Powell.
Back overseas, however, U.S. President Joe Biden is expected to attend his much-anticipated meeting with infamous Russian President Vladimir Putin in Geneva. The two leaders are expected to discuss their thoughts on Iran and North Korea’s nuclear capabilities, Syria, the Artic, arms control, climate change, strategic stability and COVID-19.
The Russian leader’s negative attitude towards President Biden is well-known as the two have previously known each other during Biden’s previous stint in the White House during the Obama administration’s term.
While the two leaders are not known to be on great terms, the world will sit on the edge of their seats as these two global giants meet for the first time of the Biden administration.
This meeting comes after four years of Trump touting his ability to befriend the leader, often stating that Putin was a “nice guy,” and reiterating his thoughts that it would be a good thing if the U.S. and Russia could get along. This was the overarching tactic to Trump’s outreach to the weaker relationships between U.S. officials and some of their longtime rivals such as North Korean leader Kim Jong-un.
Will Biden work to maintain the relationship the Trump administration worked to build with Russian diplomats and leaders or will Biden and Putin’s dislike for each other get in the way of diplomacy like it did with Obama and the Clintons? We will find out this Wednesday…
One of the hottest topics up for the discussion, however, is the recent Russian led cyberattacks against U.S. companies such as Colonial Pipeline. As the list of companies falling victim to ransomware attacks continues to grow, Biden is expected to raise the issue and discuss his obvious concerns with the Russian President.
AMC Makes Headlines Yet Again
As we enter into the latter half of our trading week, we can expect more earnings data to be released from companies such as Kroger, Adobe, and the recent hot ticket stock AMC Entertainment. Obviously, the latter of those stocks is eagerly awaited as recent interest in the theater chain reached a considerable high in the past few weeks making Friday’s earnings reports that much more important for a large group of investors.
Learn More Here…
As you can see, though the trading week ahead appears less hectic than the weeks that preceded it, there’s still much to anticipate and keep an eye on in the days ahead.
… And, in final preparation for the week ahead, we encourage you to join DTI founder and head trader Tom Busby below as he dives into his overall take on market moves and strong investments for the week during the latest edition of Tom’s Market Outlook.
P.S. – If you’re one of the few remaining people who have yet to check out the latest DTI offering, you’re time is running out…
CLICK HERE NOW to learn what the DTI team can do for you by your signing up for their popular “Long Weekend Retirement Plan” program today!