August 23, 2019 03:36 AM RSS

The Week Ahead For May 20th to 24th

  • Wall Street Rebel | Geoff Garbacz
  • 05/21/2019 9:07 AM
The Week Ahead For May 20th to 24th

The NASDAQ 100 was lower as were the Dow Jones Industrial Average, S&P 100 and Russell 2000.

1.Geopolitical and Fiscal Events. Wednesday sees FOMC release their notes from last month’s meeting.

2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as existing home sales, FOMC minutes, new home sales and durable orders.

3.Earnings Releases. Notable releases this upcoming week include NDSN IGT HD TJX LOW ADI MDT RY FL BKE.

Monday, May 20

Canada is closed for trading due to observances for Victoria Day.

Tuesday, May 21

April Existing Home Sales are due out at 8:30 a.m. EDT and estimates are for 5.35 million from 5.21 million in March.

Wednesday, May 22

Federal Reserve Open Market Committee (FOMC) minutes from the April meeting are due out at 2:00 p.m. EDT.

Thursday, May 23

April New Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 665,000 from 692,000.

Friday, May 24

April Durable Orders are due out at 8:30 a.m. EDT and expected to improve to -2.0% from 2.6%.

The latest short interest data from the NYSE and NASDAQ are due out after the close with data through settlement data of May 15th.

Happy Memorial Day Weekend! Historically this begins summer trading as liquidity typically begins to slow on Thursday afternoons and Friday.

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