Blog : The Week Ahead

by Peter Leeds on October 26th, 2015

Markets will open down slightly today, then will act based on the strength (or lack thereof) from the deluge of earnings reports set to come out.

Over 150 of America's largest companies report earnings this week, such as Apple and Exxon, while today we'll get results from numerous corporations such as Xerox, Lending Tree, and Sun Bancorp.
 
We also enjoyed a good boost here in America last week when China made a surprise rate cut.  
 
Throughout this week, you'll start to hear a lot more about the U.S. debt ceiling.  Here are my thoughts on the entire mess, as published for About.com.  The debt limit needs to be raised to avoid significant fall-out (such as soldiers going unpaid), so despite the various arguments on each side, it eventually will be raised just in time.
 
However, this does little to address the underlying structural problem of spending more than we bring in.  (Despite hitting record levels of federal tax revenues).
 
The Federal Reserve will release a statement Wednesday, after they hold a meeting.  Many traders are watching this cautiously, as the wording of the statement could boost markets, or send them heading lower.
 
Between the FED meeting and statement, and possible but unlikely rate hike, and the wave of earnings reports, you may see a lot of cautious traders on the sidelines.  Trading volumes could be lighter in the first half of the week due to the high degree of uncertainty.
 
As for our trading moves, we've just released (an hour ago) some of the shares which Peter is watching this week, and our newest penny stock pick will be sent to all subscribers of Peter Leeds Stock Picks tomorrow.  Make sure to subscribe, like over 41,109 others already have, so that you don't miss any of these high-quality, low-priced penny stock picks.
 

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