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Day Ahead: Top 3 Things to Watch

Stock MarketsFeb 11, 2019 04:36PM ET
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Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. Under Armour Set to Report

Under Armour (NYSE:UAA) leads the earnings calendar before the bell tomorrow.

On average, analysts expect that the company earned 4 cents per share in the most recent quarter on sales of about $1.4 billion, according to Investing.com.

The company issued guidance at its investor day last month.

Under Armour predicts revenue will rise at a compound annual growth rate in the low single digits in North America for fiscal 2020 to fiscal 2022.

If you’re looking for a cold one after your workout with Under Armour, Molson Coors (NYSE:TAP) will also issue results.

Analysts are forecasting a profit of 79 cents per share on revenue of about $2.6 billion.

2. Powell Heads to Mississippi

Investors will be hoping Federal Reserve Chairman Jerome Powell doesn’t channel the blues when he visits the Mississippi Delta for a speech tomorrow.

Powell will deliver his speech at the Hope Enterprise Corporation Rural Policy Forum in Itta Bena, Miss. His talk will be on “Economic Development in High Poverty Rural Communities.”

Itta Bena has a median household income of about $19,000, and 44% of its residents live in poverty, Mississippi Today reported.

Powell is scheduled to start speaking at 12:45 PM ET (17:45MT).

3. JOLTS Openings Expected to Rise

Employment numbers continue to be the strongest part of the U.S. economy.

Tomorrow brings the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) at 10:00 AM ET (15:00 GMT) for December.

On average, economists expect that the number of job openings to edge up slightly to 6.9 million.

Job openings have been rising fairly steadily over the last 12 months as the unemployment rate has gone down and companies find it tougher to fill positions.

Day Ahead: Top 3 Things to Watch
 

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SN Kumar
SN Kumar Feb 11, 2019 11:05PM ET
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nothing is going to rock the market this week. we'll see 2753 _ 2772 this week in SPX. but we are likely to see a sizable pullback next week though.
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