economy
How to trade the key earnings of the week from NYSE insider Jay Woods
In a weekly video to CNBC PRO subscribers, Woods highlighted upcoming earnings from both Delta Air Lines and Constellation Brands.
TL;DR
- Jay Woods is focusing on earnings from Delta Air Lines and Constellation Brands.
- Delta's guidance is critical given rising jet fuel prices due to the U.S.-Iran war.
- Constellation Brands has a 'good turnaround story' with specific price levels to watch.
- Traders are on alert regarding potential U.S.-Iran escalations, particularly concerning the Strait of Hormuz.
- Key inflation data, including the PCE price index and CPI, will be released later in the week.
- The upcoming inflation data will provide insight into the impact of higher oil prices on the economy.