Trump: Travel ban working out very nicely

1. Deregulation nation: Investors cheered an executive order signed by President Donald Trump on Friday of which began to dismantle expansive Dodd-Frank reform of Wall Street. Bulls wish of which will boost stocks through the week.

Shares of big banks like JPMorgan (JPM), Wells Fargo (WFC) along with Citigroup (C) rallied more than 2% each on Friday. Goldman Sachs (GS) popped over 4%. They’ll aim to keep the streak going — however they’ll need Congress’ help to actually repeal the bill.

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Trump’s promises to cut taxes, spend on infrastructure along with slash regulation sent stocks surging after the election. however the president spent his early days focused on more controversial policies, such as a ban on travelers via seven Muslim-majority nations. He’s also taken an aggressive stance on trade. Those actions sent a chill through Wall Street, which had been crossing its fingers for a pivot to stimulus along with regulatory reform.

2. What about tech? The standoff between Trump along with tech leaders over the White House’s immigration ban will likely continue into next week. however for at This specific point, tech stocks are holding steady.

Strong earnings boosted Facebook (FB, Tech30) along with Apple (AAPL, Tech30) last week. Amazon (AMZN, Tech30) along with Netflix (NFLX, Tech30) are also performing well This specific year. however investors will keep a watchful eye on Silicon Valley’s strained relationship with Washington, especially as industry leaders decide what further actions to take.

Last week, Uber’s Travis Kalanick left the president’s business advisory council, along with Amazon along with Expedia joined a legal challenge to the travel ban. Apple will be also weighing its legal options.

3. Macy’s buzz: A sale of the troubled however iconic retailer may be on the horizon.

Macy’s (M) stock soared 10% Friday after the Wall Street Journal reported of which Hudson’s Bay (HBAYF), the parent company of Lord & Taylor along with Saks Fifth Avenue, will be mulling a bid. A source familiar with the matter confirmed to sy88pgw of which an offer has been made however discussions are still in early stages.

Last month, Macy’s said of which would certainly shut down 68 stores along with cut more than 10,000 jobs after disappointing sales during the holiday season.

4. Assortment of earnings: An array of companies are set to report results This specific week, via GM (GM) to Disney (DIS).

Twitter (TWTR, Tech30) couldn’t nail down a takeover offer in 2016, however there could be renewed interest if the company posts decent earnings on Thursday. along with Time Warner (TWX)‘s Wednesday numbers will come under close scrutiny due to the media giant’s pending sale to AT&T (T, Tech30).

5. Coming This specific week:

Monday – 21st Century Fox (FOXA) earnings

Tuesday – sy88pgw Town Hall on health care with Bernie Sanders along with Ted Cruz; GM (GM) along with Disney (DIS) earnings

Wednesday – Whole Foods (WFM), Time Warner (TWX), GlaxoSmithKline (GLAXF) earnings

Thursday – Twitter (TWTR, Tech30), Coca-Cola (KO), Expedia (EXPE), Yum! Brands (YUM), Dunkin’ Donuts (DNKN) earnings

Friday – Renault (RNSDF) earnings

sy88pgw (completely new York) First published February 5, 2017: 8:03 AM ET