News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Further your trading knowledge and gain informed market analyses from our expert analyst @DavidJSong on Oil with our free Q4 guide, available for free today.
  • Nasdaq 100 may hit new high soon.
  • HSTECH index has likely formed an "Inverse Head & Shoulders" pattern.
  • The HSI has likely formed a “Double Bottom” chart pattern, which is usually viewed as bullish-biased.
  • When markets are falling, how can you short sell? Learn more here:
  • Futures have their own set of characteristics and appeal to different types of traders and investors for a variety of reasons. Get your free trading guide and learn to trade the markets with futures here. Download your guide today!
  • Relative stability in EUR/USD has masked weakness in the Euro against most other major currencies, and that weakness can be expected to persist in the week ahead and likely for longer. Get your weekly Euro forecast from @MartinSEssex here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Gold prices moved higher last week, but an upbeat US retail sales report underpinned Treasury yields on Friday, which weighed on bullion. Chinese Q3 GDP is in focus for XAU traders. Get your weekly gold forecast from @FxWestwater here:
  • Equity traders often focus their approach on specific sectors, designed to fit with their approach and style. What sector are you going to target? Read more to find out!
Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

Peter Hanks, Strategist

Dow Jones, Nasdaq 100, S&P 500 Price Outlook:

  • The Dow Jones, Nasdaq 100 and S&P 500 will look to earnings season for stock-specific insight
  • Forecasts from single stocks can offer a deeper look at the economy when taken in aggregate
  • The containment procedures put in place to combat coronavirus will create an unusual earnings season regardless

Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season like none Other

The Dow Jones, Nasdaq 100 and S&P 500 have recovered significantly from their March 19 lows as central banks and governments across the globe have acted to ward off a global recession in the wake of coronavirus. Despite remarkable central bank and government intervention, recent data has revealed a staggering increase in unemployment and growth forecasts appear similarly bleak.

Until now, market participants have been largely reliant on broader economic metrics or forecasts which has made it difficult to ascertain the ramifications single stocks may be experiencing. Thankfully, the arrival of earnings season will look to inject information into the market – arguably the essence of investing. That being said, this earnings season is poised to be entirely unique and as a result, may be a stock-pickers dream.

What to Expect When Your Forecasts are Obsolete

Since almost all of the upcoming quarterly benchmarks were issued prior to the novel coronavirus outbreak, most finance teams will be frantically revising and projecting for the coming quarters which may see prior estimates completely discarded. As a result, expectations for this season will range wildly. While most analysts agree on a dramatic decline in earnings per share, rather unsurprisingly, disagreement arises on the pace and degree of economic recovery.

Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

To that end, investment funds and asset management companies have offered a vast array of predictions with a coming recession of anywhere from a couple months to a few years. Therefore, the insights offered from single companies which are likely privy to more detailed data – at least in their industry – should provide unique viewpoints that will help flesh out the larger picture when taken in aggregate.

3 Things to Know When Trading Earnings Announcements

While the broader expectations are quite concerning, not all companies may suffer from the outbreak. Already, Micron revised its quarterly profit outlook after recording an increase in datacenter demand due to the quarantine transition. In turn, the stock has outperformed the broader tech-heavy Nasdaq 100 since the report, and it could hint the sector as a whole is positioned to strongly.

Micron Price Performance Since March 25 Earnings Alongside QQQ ETF

nasdaq 100 price chart

Chart created in TradingView

While Micron and the semiconductor sector will be one important area to watch, there is little to suggest they may be the sole outperformers. Already, market pundits have heralded the quarantine-facing business models of companies like Netflix which should theoretically thrive in a time when venturing outdoors for leisure is forbidden. Should these companies confirm the market’s suspicions, post-earnings price gains may be expected.

How to Value a Stock: A Trader’s Guide to Stock Valuation

Anecdotally, my abrupt and absolute transition to a home office sparked a buying spree of office supplies and necessities which has surely been echoed elsewhere. Thus, can we assume companies like Microsoft and CDW will see a temporary boost in sales and subsequent earnings beat? Nothing is certain and earnings beats may be few and far between, but the resultant landscape looks to be a stock-pickers dream while also providing clarity to the macroeconomic analyst looking to forecast the direction of an entire index.

Finally, the coronavirus-stricken economy could be a saving grace for some corporate finance teams that will use the pandemic as an opportunity to wipe their quarterly forecasts clean and begin anew whether the issues at hand are virus related or not. Either way, this earnings season will be truly unique, and all the unknowns should result in heightened volatility and intriguing trading conditions. As the season progresses, be sure to follow @PeterHanksFX on Twitter for updates and analysis and check back at DailyFX for insight.

--Written by Peter Hanks, Junior Analyst for

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.