This week could also go down in crypto history with the first bitcoin futures exchange-traded fund coming to life in the trading universe.
Crypto ETF
This week will be monumental for crypto as the first bitcoin futures exchange-traded fund is set to begin trading when ProShares Bitcoin Strategy ETF makes its debut. Last week ended with Bitcoin rising above $60,000 for the first time in six months on Friday.
Tuesday
Wednesday
Thursday
The pandemic winner Chipotle Mexican Grill Inc (NYSE:CMG) is also on the itinerary, with its share price up nearly 37% over the past year while most of its peers took a big hit during the pandemic.
Wall Street is expecting AutoNation Inc (NYSE:AN) to report a YoY increase in earnings on higher revenues as the auto retailer continues to expand its used-car store program.
Friday
Reports from Honeywell International Inc and American Express Company will wrap up the week. On Monday, AmEx revealed it will allow employees to work from anywhere they want for up to four weeks a year, including the 15 days when employees are allowed to work outside their country. Putting this somewhat hybrid model aside, the company plans to start bringing its employees in the United States, UK, and Germany back to offices from January 24th.
By the looks of it, the often spooky trading pattern of October has been shaken off, but whether stocks continue going in the right direction also depends on this week's earnings reports.
The post A Crowded Earnings Calendar Ahead appeared first on IAM Newswire.
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