Key
Macro Economic Events
Corporate Earnings
High Importance
See Note Section Below For Additional Insight
Oil price have the power to reverse or emphasize any moves we see in the market. If you are trading, have the price of crude on your screen.
Monday
Casey’s (CASY) | ATC
Tuesday
Oracle (ORCL) | ATC
Wednesday
Consumer Price Index (February) | 0830
Core YoY: 2.5% est. & 2.5% prior
Headline MoM: 0.3% est. & 0.2% prior
Headline YoY: 2.4% est. & 2.4% prior
Core MoM: 0.2% est. & 0.3% prior
Thursday
Initial Jobless Claims | 215k est. & 213k prior | 0830
Adobe (ABDE) | ATC
Friday
GDP (1st Revision Q4) | 1.5% est. & 1.4% prior | 0830
Personal Consumption Expenditures Index (January) | 0830
Headline MoM: 0.3% est. & 0.4% prior
Headline YoY: 2.9% est. & 2.9% prior
Core MoM: 0.4% est. & 0.4% prior
Core YoY: 3.1% est. & 3.0% prior
Gorilla Takes
Casey’s (CASY) | ATC
Not a name I mention often, this convenience store, which also sells gasoline across the Midwest, should, in theory, benefit from a consumer trade-down thesis and the increase in prices at the pump. This could be an interesting name to trade while oil prices remain in focus.
Oracle (ORCL) | ATC
Even before the SaaS-poclyse, this was one of software’s most hated children. The story hasn’t changed here: OpenAI risk; too much debt; negative free cash flow; etc…
This stock is again testing the 200W SMA. While a successful test of the 200W SMA (red line) is one of my favorite buying signals, the lack of follow through since retesting doesn’t inspire confidence.
Adobe (ABDE) | ATC
Earlier, I mentioned that ORCL is one of software’s hated names. Well, Adobe might be the most hated. I’m only bringing this up to suggest avoiding the stock.
Gorilla With Glasses 