Hat tip to stocks if they finish higher this coming week. 

President Trump ordered military strikes on Syria on Friday after an alleged new chemical attack by Syrian President Bashar al-Assad. In the process, President Trump struck a tough tone with Russia, calling out the country's support of Syria. "Hopefully someday we will get along with Russia," Trump said.

Share prices throughout most Arab markets advanced on Sunday as fears of retaliation by Russia and Iran dissipated. 

Dow futures surged 154 points Monday, S&P 500 futures rose 16 points, and Nasdaq futures popped 42 points.

Investors will also have to digest the Sunday night TV interview with James Comey. The former FBI director slammed Trump, calling him "morally unfit" to hold the presidency. 

Here are several things TheStreet is watching in the week ahead. 

Tesla Can't Get Out of Its Own Way

The rough road for Tesla (TSLA) continues. 

More details have emerged on a class action securities lawsuit originally filed in Oct. 2017 against Tesla, CEO Elon Musk, current Chief Financial Officer Deepak Ahuja and former CFO Jason Wheeler that alleges the parties misled investors about Model 3 production. As a result, the two plaintiffs -- Kurt Friedman and Uppili Srinivasan -- had their investments in Tesla hurt by the negative market reaction to Tesla's missed Model 3 production goals.

The amended complaint was filed on Mar. 23. Read full story here

Another Earnings Blowout for Netflix?

Now Netflix (NFLX) has to prove to Wall Street (again) that it deserves to be the hottest FAANG (Facebook (FB) , Apple (AAPL) , Amazon (AMZN) , Netflix, Alphabet (GOOGL) ) stock around. 

The streaming media king will announce first quarter earnings after the close on Monday. TheStreet's senior tech columnist Eric Jhonsa has everything you need to know ahead of the report. With a stock that's up 55% year to date, nothing short of a blowout quarter -- and guidance -- will be required to keep Netflix in hot demand by Wall Street. Even then, it may still not be enough.

Facebook, Apple, Amazon and Alphabet are holdings in Jim Cramer's Action Alerts PLUS.

Source: Yahoo Finance
Source: Yahoo Finance

Fed Speak Returns

The Federal Reserve's top names will hit the speaking circuit this week. For the bulls out there, rest easy in that none of the speakers are Fed chairman Jerome Powell (the market hasn't liked when he speaks).  

We agree with Deutsche Bank senior economist Brett Ryan (below) that comments from John Williams, incoming NY Fed chief, will be the most important.

"There is a cacophony of Fedspeak this week, with many policymakers pulling double or even triple duty. Fed Governor Quarles (neutral), who is Vice-Chair of Supervision, will likely garner significant market attention. Quarles will provide the semi-annual Congressional testimony regarding the Fed's supervision and regulatory conduct, appearing on Tuesday and Thursday before the House Financial Services and Senate Banking Committees, respectively. Given that Governor Brainard (dove), who is also speaking on Thursday about regulatory reform, discussed at length the countercyclical capital buffer (CCyB) in a recent speech, any new information regarding potential regulatory changes in either of Quarles's testimonies, his Wednesday speech at the Bretton Woods Committee Annual Meeting, or Brainard's speech will be noteworthy. For more information regarding the implications of changes to the CCyB, please see this recent note by our colleagues in rates strategy.

Regarding the regional Fed Presidents, Atlanta's Bostic (neutral/voter) will speak on Monday on the economy and rural market trends and on Tuesday at an executive workshop. Also on Tuesday, San Francisco's Williams (neutral/voter), who will be taking the helm at the New York Fed in June, will speak at an international symposium in Madrid. While Williams's predecessor Dudley (neutral) will be departing soon, his take in the US economic outlook and the implications for monetary policy on Wednesday will nevertheless be important given his historical influence in the FOMC. Rounding out the regional voters will be Cleveland's Mester (hawk), who will rehash her outlook for the economy and policy on Thursday. Note that the Cleveland Fed's research department recently put out a note on the CCyB. Thus, if there is anything new in Mester's outlook relative to her March 26 comments, it may be on the macroprudential policy front. With respect to nonvoting Presidents, Philadelphia's Harker (neutral) will discuss equitable education policy on Tuesday and Chicago Fed President Evans (dove) will be speaking on Tuesday and Friday regarding economic conditions and monetary policy.

In all of the aforementioned speeches this week, we will be looking for hints on how policymakers' views may be evolving. Note that the minutes of the March FOMC meeting stated that "[s]ome participants suggested that, at some point, it might become necessary to revise statement language to acknowledge that ... monetary policy eventually would likely gradually move from an accommodative stance to being a neutral or restraining factor for economic activity". In our view, this passage may be foreshadowing upcoming tweaks to the Fed's guidance language, in particular removing "for some time" from their characterization of the period for which the policy stance would be considered accommodative. This naturally reflects the fact that with each rate increase, the Fed is approaching policymakers' estimates of the neutral rate, and, as such, we see a correspondingly higher likelihood of a change in this guidance later this year. In other words, this would simply be reconciling the Committee's statement of forward guidance for the path of the fed funds rate in their primary communications tool, the meeting statement, with what is already evident in the Summary of Economic Projections."