05/23/2020
Economic calendar
Monday: NAHB Housing Market Index, May (35 expected, 30 in April)
Tuesday: Building Permits, April (1 million expected, 1.350 in March); Building Permits month-on-month, April (-25.9% expected, -7.0% in March); Housing Starts, April (929,000 expected, 1.216 million in March)
Wednesday: MBA Mortgage Applications, week ending May 15 (+0.3% prior)
Thursday: Philadelphia Fed Business Outlook, May (-41.0% expected, -56.6 in April); Initial Jobless Claims, week ending May 16 (2.4 million expected, 2.98 million prior); Continuing Claims, week ending May 9 (22.83 million prior); Bloomberg Economic Expectations, May (29.0 in April); Bloomberg Consumer Comfort, week ending May 17 (35.8 prior); Markit US Manufacturing PMI, May preliminary (38.0 expected, 36.1 prior); Markit US Services PMI, May preliminary (32.0 expected, 26.7 prior); Markit US Composite PMI, May preliminary (27.0 prior); Leading Index, April (-5.7% expected, -6.7% in March); Existing Home Sales, April (4.30 million expected, 5.27 million in March); Existing Home Sales month-on-month, April (-18.4% expected, -8.5% in March)
Friday: N/A
Earnings calendar
Monday: Baidu (BIDU), iQUIYI (IQ) after market close
Tuesday: Advance Auto Parts (AAP), Home Depot (HD), Kohl’s (KSS), Walmart (WMT) before market open; Urban Outfitters (URBN) after market close
Wednesday: Lowe’s (LOW), Target (TGT) before market open; Expedia (EXPE), Take-Two Interactive (TTWO) after market close
Thursday: Best Buy (BBY), BJ’s Wholesale (BJ), Hormel (HRL), L Brands (LB), TJX Companies (TJX) before market open; e.l.f. Beauty (ELF), NVIDIA (NVDA), Ross Stores (ROST) after market close
Friday: Alibaba (BABA), Deere (DE), Foot Locker (FL) before market open