US Stock Markets will be closed on Friday due to Christmas Holiday.
The Bureau of Economic Analysis will release the latest report on personal consumption expenditures (PCE) on Thursday, Dec 23rd. This data is used by the US Federal Government to gauge inflation. The expected inflation rate is 4.5%. The Federal Open Market Committee(FMOC) is also projecting the inflation will drop to 2% in the next two years. This is based on their plans to decelerate the buy back of mortgage bonds and increasing the interest rate as many as 3 times in 2022.
Consumer confidence index will be released on Wednesday, Dec 22.
It is expected to be at 110 compared to 109.5 in November. For context the CCI was at 128.3 in 2019. The slow increase is due to public’s concern over inflation as well new developments with the Omricon variant.
Some major companies reporting earnings this week.
Carnival Corp. (CCL), NIKE, Inc. (NKE), Rite Aid Corporation (RAD), Cintas Corporation (CTAS), Carmax Inc (KMX) and Paychex, Inc. (PAYX).
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Monday, Dec 20, 2021 |
Blade Air Mobility, (BLDE) – Before Market.   |
| Carnival Corp. (CCL) – Before Market. |
| Carnival ADS (CUK) – Before Market. |
| Octoin Coin (OCC) – Before Market. |
| Arkansas Restaurants (ARKR) – After Market. |
| Bridgeline Digital (BLIN) – After Market. |
| Calavo Growers (CVGW) – After Market. |
| Micron Technology, Inc. (MU) – After Market. |
| NIKE, Inc. (NKE) – After Market. |
| Red Cat Holdings Cmn (RCAT) – After Market. |
| Tuesday, Dec 21, 2021 |
| Apogee Enterprises (APOG) – Before Market. |
| Cognyte Softw (CGNT) – Before Market. |
| ActuantCorp (EPAC) – Before Market. |
| FactSet Research (FDS) – Before Market. |
| General Mills (GIS) – Before Market. |
| Neogen (NEOG) – Before Market. |
| Qutoutiao Inc. (QTT) – Before Market. |
| Rite Aid Corporation (RAD) – Before Market. |
| YATRA ONLINE, INC. (YTRA) – Before Market. |
| AAR Corp. (AIR) – After Market. |
| Bright Scholar Education Holdings Limited (BEDU) – After Market. |
| CalAmp Corp (CAMP) – After Market. |
| Wednesday, Dec 22, 2021 |
| Cintas Corporation (CTAS) – Before Market. |
| Carmax Inc (KMX) – Before Market. |
| LIVE VENTURES CMN (LIVE) – Before Market. |
| MSC Industrial Direct (MSM) – Before Market. |
| Paychex, Inc. (PAYX) – Before Market. |
| RF Industries (RFIL) – Before Market. |
| MISSION PRODUCE CMN (AVO) – After Market. |
The following is a list of stocks for the week of Dec 13, 2021 – Dec 17, 2021 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| VICR | Vicor Corporation | Dec 13, 2021 | Piercing Line | 27.27 |
| ARVN | Arvinas Inc. | Dec 14, 2021 | Unique Three River | 25.86 |
| HL | Hecla Mining | Dec 15, 2021 | Hammer | 27.46 |
| YUMC | Yum China Holdings | Dec 15, 2021 | Hammer | 28.62 |
| COUP | Coupa Software Incorporated | Dec 17, 2021 | Engulfing | 28.89 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |