The Week Ahead
The Russell 2000, S&P 500, Dow Jones Industrial Average and the NASDAQ 100 were lower for the week.
1.Geopolitical and Fiscal Events. This week is a quiet one so far. Watch for Federal Reserve Open Market Committee minutes out on Wednesday.
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as Empire State Manufacturing, NAHB Market Index, Housing Starts, Leading Indicators, Philadelphia Fed Index and Existing Home Sales.
3.Earnings Releases. Notable releases this upcoming week include TME FST WMT HD CSCO LOW AMAT ROST DE VFC.
Monday, May 17th May Empire State Manufacturing Index releases its latest numbers at 8:30 a.m. with the estimate at 25 against a prior of 26.3.
May NAHB Housing Index is due out at 10:00 a.m. EDT and is expected to remain at 83.
Synlogic (SYBX) holds its analyst meeting and is a Type 4 Long Squeeze.
Tuesday, May 18th April Housing Starts are due out at 8:30 a.m. EDT and is expected to fall to 1,715,000 from 1,739,000.
Type 4s holding investor meeting include Kornit Digiital (KRNT) and Alteryx (AYX).
Wednesday, May 19th
The Federal Reserve Open Market Committee (FOMC) is due out with its minutes at 2:00 p.m. EDT.
Type 4s holding investor meetings include Booking (BKNG) and Sabra Health Care REIT (SBRA).
Thursday, May 20th
May Philadelphia Fed Index is due out at 8:30 a.m. EDT and is expected to fall to 42 from 50.20.
Type 4s holding investor meetings include Quinstreet (QNST) and Microstrategy (MSTR).
Friday, May 21st
April Existing Home Sales is due out at 10:00 a.m. EDT and is expected to rise to 6.09 million from 6.01 million.