This is a quick reminder that the markets are closed today, April 15. Banks will also be closed today, so any deposits or withdrawals will take an additional day to complete. Equity and ETF options set to expire today expired yesterday. The markets will reopen again for a normal trading week on Monday, April 18, at 9:30 a.m. ET.
In case you missed any stock market news this week, we have compiled a 5-minute catch-up on this holiday-shortened week here. This week was packed to the brim with earnings reports, especially focused on bank stocks. We also cover what investors need to focus on next, with the S&P 500 having gone 70 trading days without hitting a record high. That hasn't happened since 2018!
Though markets will be closed today, the Empire state manufacturing index, the industrial production index, as well as capacity utilization data are still on tap.
There are no public companies are slated to release corporate earnings today, April 15.
Looking ahead to next week, things will be kind of quiet on the economic data front. At the beginning of the week, investors will dig through housing and building data. Jobless claim updates and the purchasing managers' indexes (PMI) are due out later on in the week.
Traders, instead, will have its attention squarely fixed on the beginning of a new earnings season, and the agenda is packed with highly anticipated reports that are due out next week. Quarterly results from American Airlines (AAL), Anthem (ANTM), AT&T (T), Bank of America (BAC), Charles Schwab (SCHW), Johnson & Johnson (JNJ), Lockheed Martin (LMT), Procter & Gamble (PG), Tesla (TSLA), and Verizon (VZ), are just a few to highlight a huge earnings slate next week.
All economic dates listed here are tentative and subject to change.
Whoever coined the expression that patience is a virtue probably never invested money in the equity markets. It can be excruciating to see a stock's price plummet. And that's particularly true when the stock was possibly at all-time highs just one year ago.
Here's the good news. In some cases, the reasons you liked the stock still exist. If that's true, then there's reason to believe that the stock price may recover.
The bad news is there's no way to know for sure when that will be. And anyone who says they do is not telling you the truth.
So what's an investor to do? We believe the answer is to be selective. And right now that means looking at best-in-class stocks that are built to ride out recessions.
In this special presentation, we'll give you seven stocks to consider as you look for safe stocks that give you an opportunity for growth and that pay a dividend for good measure. Here are the 7 recession-proof stocks that will let you wait out this bear market.
View the "10 Recession-Proof Stocks That Will Let You Wait Out the Bear".