Don’s Notebook July 10, 2018

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The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) tracks monthly change in job openings and offers rates on hiring and quits. The JOLTS report is expected to show a 6.700 million total in June, little changed from May’s record 6.698 million.

The second-quarter earnings season is underway and the first big name has published results. PepsiCo (PEP) reported second-quarter earnings of $1.61 per share, 9 cents above estimates. Revenue came in at $16.09 billion. That figure is higher than the $16.04 billion expected on Wall Street

  • WD-40 AAR and Simply Good Foods are the notable companies set to release earnings reports

Overnight, the MSCI Asia Pacific Index slipped 0.1 percent, while Japan’s Topix index closed 0.3 percent higher as the yen weakened 0.3 percent. China’s Shanghai Composite Index climbed 0.4 percent. In Europe, the Stoxx 600 Index added 0.2 percent as of 5:40 a.m., and the euro retreated.

The major averages have been higher for six of the past seven sessions.

  • Futures were higher this morning after yesterday’s rally that saw the Dow’s biggest one-day jump since June 6 and a close for the S&P 500 that was the highest in nearly a month.
  • S&P 500 futures pointed to a higher open.
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Dr. Don Pratl is Director of Trader Development and Education for TradeStation. He joined TradeStation in 2016 after holding similar roles with other online brokerages. Don’s long career in the financial services industry reflects expertise in administering trading and investment strategy programs for retail investors as well as financial services professionals. Since the 1980s, he has held various positions in areas including CBOE trading floor order execution, marketing, sales, personnel management, training and customer service. Don holds series 3, 4, 7 and 63 FINRA licenses, earned his Ph.D. in Organization and Management, and his M.A. and B.A. in Political Science. He has been an occasional adjunct college instructor since 2004 at a range of institutions, teaching undergraduate, graduate and doctoral students using in-class and online formats.