Author: Tim Bovee

The Week Ahead: Money and jobs

Tim Bovee

 

The Federal Open Market Committee holds its first money policy meeting of the Trump era, announcing its decisions on Wednesday at 2 p.m. New York time.

It is also a week for high-impact economic reporting.

The employment situation report covering the first month of 2017 will be published on Friday at 8:30 a.m.

The less comprehensive private-sector ADP employment report, treated by traders as an  indicator of what the government report will show, will be published on Wednesday at 8:15 a.m.

Also out are are personal income and outlays on Monday at 8:30 a.m. and the Institute of Supply Management manufacturing survey on Wednesday at 10 a.m.

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Friday’s Prospects

Tim Bovee

I’m limiting my trades to those scheduled around publication of earnings during this peak announcement period.

Companies have a tendency not to announce on Fridays, and that’s how it is this week. I have no prospective trades for Friday.

By Tim Bovee, Portland, Oregon, Jan. 26, 2017

MSFT Analysis

Tim Bovee6 Comments

Microsoft Corp. (MSFT)

Update 2/3/2017: MSFT hit my price target of25% of the maximum potential profit, and I exited.

Shares declined by 1.2% over eight days, for a -56% annual rate. The options position produced a 33.5% yield on debit for a +1,526% annual rate.

 

MSFT publishes earnings on Thursday after the closing bell.

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INTC Analysis

Tim Bovee7 Comments

Intel Corp. (INTC)

Update 2/15/2017: INTC declined after earnings were published and then began to rise again, albeit slowly, but sufficiently to move the price back into the zone of profitability. I exited at 24.7% of maximum potential profit.

For the lifespan of the position, shares declined by 4.4% over 20 days, or a -80% annual rate. The options position produced a 32.9% yield on debit for a +999% annual rate

 

INTC publishes earnings on Thursday after the closing bell.

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