Risk-off Sentiment Keeps Stock Indices Lower – EPS Reports to Watch This Week

The U.S. Stock market indices are staying in a bearish zone, as investors are heading towards haven assets such as gold and Japanese yen...


What’s up, traders.

On Sunday, US military strikes in Iraq & Syria killed almost 25 Iran-backed Iraqi militia fighters. In response to this attack, the angry Iraqi Shiite militiamen and their supporters broke into the US embassy in Baghdad on Tuesday. Donald Trump threatened Iran that it would now face consequences for not protecting the US embassy. Tensions got worse when Trump administration killed prominent Iranian General Qassem Soleimani in a targeted drone airstrike in Baghdad on early Friday.

With this, the US Stock market indices are staying in a bearish zone, as investors are heading towards haven assets such as gold and Japanese yen. On the earnings calendar, we have only four comapnies which are due to release EPS report today.

Monday, January 6, 2020

CompaniesEPS ForecastRevenue Forecast
State Street (STT) 1.67 2.92B

Wednesday, January 8, 2020

Constellation Brands A (STZ) 1.85 1.95B
Lennar (LEN) 1.9 6.5B
Walgreens Boots (WBA) 1.41 34.59B

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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