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U.S. Stock market, what to watch for the week, October 30- November 3, 2017

JT001

29-Oct-2017 13:45 PM

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      Tech upbeat earnings reported last week has pushed the Powershares QQQ Trust (NASDAQ:QQQ) +2.91%  to 10-year high at 151.52.. With the most notable gainers are coming from: AMZN + 13.22%, MSFT +6.41%, and GOOGL +4.26%. Addtionally, Apple Inc (NASDAQ:AAPL) the most heavy % portfolio weight in QQQ at 11.72% is not factor in yet because their earnings is not out until Nov 02, after market closed.  Here are the top 10 stocks percentage weight on QQQ.

  1. Apple Inc 11.72%
  2. Miscrosoft Corp 8.75%
  3. Amazon.com Inc 6.74%
  4. Facebook Inc 5.83%
  5. Alphabet Inc C 4.88%
  6. Alphabet Inc A 4.26%
  7. Intel Corp 2.80%
  8. Cisco System Inc 2.47%
  9. Amgen Inc 1.86%
  10. Comcast Corp Class A 2.46%

(Source: Morningstar.com)

      Furthermore, U.S. Stock market is in middle of earning season. Here are the most notable companies to report earnings next week investors should keep their eyes on:

Oct 31: MA, CMI PFE

Nov 1st: AGN, FB, QCOM, TSLA, 

Nov 2nd: AAPL, DATA, SBUX, RACE, MELI

    Keys  Macro calendar:

10/30: U.S Personal spending 

10/31: Halloween:Trick or Treat. Bank of Japan (BoJ) Press Conference, U.S. CB Consumer Confidence 

11/01: U.S. ADP Nonfarm Employment change and ISM Manufacturing PMI

11/02: U.S. Initial Jobless Claims

11/03: U.S Unemployment Rate and Nonfarm Payrolls.

      Equally important , for the biotech investors/traders American Society of Hematology (#ASH17) Annual Meeting Abstracts will be available online beginning November 1, 2017, at 9:00 a.m. Easter Time.  In the past, gene therapies stocks has been a big hit. Stocks like, bluebird bios Inc (BLUE), Spark Therapeutics Inc (ONCE), and Sangamo Therapeutics Inc (SGMO). This year keep eyes on Voyager Therapeutics Inc (VYGR) ang Abeona Therapeutics Inc (ABEO). Looking for more #ASH17 biotech stocks ideas? 

       Here are some biotech ideas watch: Gilead Sciences Inc (GILD), Merck & Co Inc (MRK), Pfizer Inc (PFE), Celgene Corp (CELG), Cellectis SA (CLLS), Novartis AG (NVS), TG Therapeutics Inc (TGTX), Seattle Genetics Inc (SGEN)

Charts ideas: Blueprint Medicines Corp (BPMC), GlycoMemetics Inc (GLYC), and MacroGenics Inc (MGNX)

Thanks for reading. ~TradersFish.com 

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