Last week saw the markets ending on an upswing. Markets reacting positively after FED Chair Jerome Powell gave a relatively positive update on where he and his FED colleagues see the U.S. economy heading in the next few months.
As such, we start this new trading week off with some hope as the markets open in the GREEN and investors across the globe pine for another chance to grab that illusive golden ring.
Join us today as we review the upcoming events that are sure to impact the markets and your investments in the days ahead including the latest updates on earnings reports, upcoming events in D.C. and the details of this week’s biggest event that is sure to impact the markets and, therefore, your investments…
Zoom Highlights Earnings This Week
Starting things off, Monday will see the release of earnings reports for a company many of us have become very familiar with during our days of quarantine, Zoom Video Communications.
Zoom is one of the rare instances of a company that has actually seen a positive reaction to the spread of the Corona Virus and all its variants. As the world shut down and its citizens were forced to lock themselves indoors, many people turned to online conference sources such as Zoom to be able to communicate with the outside world, in both a personal and professional manner.
Since those early days of the pandemic, many have returned to the office, but the days of working from home are far from over as many companies have found this modern trend has led to lower overhead costs, happier employees and just less hassle overall when compared to the “old fashioned” idea of sitting at a desk from 9am-5pm every business day.
With the business world continuing to change as we speak, many look to Monday’s Zoom earnings for a sign of what’s to come for, not just their investments, but their daily work routines as well.
Added to the name of earnings being released over the week are names such as Netease, Inc., PVH Corp., Campbell Soup Co., Semtech Corp., Smith & Wesson Brands, American Eagle Outfitters, Inc., Barnes & Noble Education Inc., and many more.
News from D.C.
Tuesday is the day many in D.C. and the Middle East have been fearing as the Taliban’s deadline for U.S. troop withdrawal from Kabul finally arrives…
As the United States continues to work to evacuate thousands of Americans from the Afghan city, no official plan has yet been released from the White House as to exactly how the U.S. government plans to remove the thousands of remaining stragglers.
Taliban representatives have continued to warn that there would be “consequences” if the U.S. fails to meet this deadline, many U.S. foreign allies have urged President Biden to work to push the deadline to a later date to prevent further conflict.
In other D.C. news, President Biden prepares to host Ukrainian president Volodymyr Zelensky this Monday at the White House where the two are expected to discuss the United States’ “unwavering support for Ukraine’s sovereignty and territorial integrity in the face of Russia’s ongoing aggression,” per a statement released from the White House.
And in the jobs sector, Friday will see the release of the August jobs report which is sure to ignite some conversation between D.C. officials as anticipated jobs added in the last 30 days are expected to be around the 750,000 range. Naturally, an update surpassing this would be met with open arms, but the all too common disappointing jobs update in the post-pandemic world could finish out the week on a bad note.
Learn More Here…
As you can see, there’s much to keep our eyes on in the days ahead.
In order to help you keep track of all the information you’ll need to know to protect and grow your investments, we invite you to join DTI broadcasts like the one below where 40-year market veteran Tom Busby is sitting down to fill you in on his take on today’s markets that he hopes will lead to tomorrow’s profits!
P.S. – Don’t forget to join DTI founder and 40-year market veteran Tom Busby for his latest TCASH seminar where he’s laying out the details of this unique investment program that was specifically designed with traders like you in mind…