The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street

$MDT, $KORS, $AVGO

The US financial markets were closed Monday for Memorial Day.

This week only 3 members of the S&P 500 will report Q-1 earnings to Wall Street as this season is winding down, they are: Medtronic (NYSE:MDT) Tuesday, Michael Kors Holdings (NYSE:KORS) Wednesday and Broadcom (NASDAQ:AVGO) on Thursday.

Economic Reports

The week’s 1st economic reports of note are: April personal income and outlays, the March S&P Case-Shiller Housing Index, the May Chicago PMI and the Conference Board’s May consumer confidence survey will be released Tuesday.

Wednesday features the May ADP Employment Report, the May PMI manufacturing index, the May ISM manufacturing index, April construction spending and the US Fed’s periodic Beige Book.

May jobs data, including the unemployment rate and the change in NFPs (nonfarm payrolls), April international trade, April factory orders and the May ISM non-manufacturing index will be released Friday.

 

Fed Speak

Only 2 Federal Reserve officials will make public appearances this week, they are: Federal Reserve Board Governor Jerome Powell Thursday and Chicago Fed President Charles Evans Friday.

Have a terrific week.

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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