HK Weekly Recap & Analysis May 15th, 2023
THE WEEK AHEAD (MAY 15th – MAY 19TH)
KEY ECONOMIC DATA RELEASES TO WATCH
MARKET RECAP FROM THE PREVIOUS WEEK
May 8, 2023
US Wholesale Inventories MoM Rev. Actual 0.0% (Forecast 0.1%, Previous 0.1%)
US Wholesale Sales MoM Actual -2.1% (Forecast 0.4%, Previous 0.4%)
S&P 500 +0.03%
Dow Jones -0.15%
Nasdaq +0.25%
May 9, 2023
Ryanair Ordered $40 Billion Worth of Boeing 737 Max Jets
Amazon Is Now Selling Astro, An AI-Driven Household Robot
Biden and congressional leaders began the meeting on the debt ceiling
S&P 500 -0.44%
Dow Jones -0.13%
Nasdaq -0.63%
May 10, 2023
US CPI YoY Actual 4.9% (Forecast 5%, Previous 5.0%)
CPI MoM Actual 0.4% (forecast 0.4%, previous 0.1%)
Core CPI MoM Actual 0.4% (forecast 0.4%, previous 0.4%)
Core CPI YoY Actual 5.5% (Forecast 5.5%, Previous 5.6%)
S&P 500 +0.47%
Dow Jones -0.08%
Nasdaq +1.09%
May 11, 2023
US Continued Jobless Claims Actual 1.813M (Forecast 1.82M, Previous 1.805M)
US Initial Jobless Claims Actual 264k (Forecast 245k, Previous 242k)
PPI Numbers:
US Core PPI YoY Actual 3.2% (Forecast 3.3%, Previous 3.4%)
US Core PPI MoM Actual 0.2% (Forecast 0.2%, Previous -0.1%)
US PPI MoM Actual 0.2% (Forecast 0.3%, Previous -0.5%)
US PPI YoY Actual 2.3% (Forecast 2.5%, Previous 2.7%)
Jamie Dimon warns panic will overtake markets as U.S. approaches debt default
S&P 500 -0.17%
Dow Jones -0.64%
Nasdaq +0.33%
May 12, 2023
University Michigan Data:
Sentiment Prelim Actual 57.7 (Forecast 63, Previous 63.5)
1 Yr Inflation Prelim Actual 4.5% (Forecast 4.4%, Previous 4.6%)
5 Yr Inflation Prelim Actual 3.2% (Forecast 2.9%, Previous 3.0%)
Expectations Prelim Actual 53.4 (Forecast 60.8, Previous 60.5)
Condition Prelim Actual 64.5 (Forecast 67.5, Previous 68.2)
Tesla to recall 1.1mln cars from China over safety concerns
Elon Musk has officially announced that the new CEO of Twitter will be Linda Yaccarino
S&P 500 -0.13%
Dow Jones -0.04%
Nasdaq -0.36%
THE WEEK AHEAD & EARNINGS
Monday – 05/15/2023
Empire State manufacturing survey - 8:30 AM ET
Chicago Fed President Goolsbee on TV - 8:30 AM ET
Minneapolis Fed President Kashkari speaks - 9:15 AM ET
AM Earnings: Monday.com (MNDY), Catalent (CTLT), Tower Semiconductor (TSEM), TPG Inc (TPG), Centerra Gold (CGAU), FREYR Battery (FREY)
PM Earnings: Nu Holdings (NU), James Hardie Industries (JHX), XP Inc (XP), Rumble (RUM), P10 Inc (PX), Danaos Corp (DAC), Grinder (GRND), Fortuna Silver Mines (FSM), Navitas Semiconductor (NVTS), CymaBay Therapeutics (CBAY)
Tuesday – 05/16/2023
Cleveland Fed President Mester speaks - 8:15 A MET
U.S. retail sales - 8:30 AM ET
Retail sales minus autos - 8:30 AM ET
Industrial production - 9:15 AM ET
Capacity utilization - 9:15 AM ET
Business inventories - 10 AM ET
Home builder confidence index - 10 AM ET
Fed Vice Chair Barr testifies - 10 AM ET
Richmond Fed President Barkin speaks - 10:30 AM ET
New York Fed President Williams speaks - 12:15 PM ET
Chicago Fed President Goolsbee on TV - 2:30 PM ET
Atlanta Fed President Bostic and Chicago Fed President Goolsbee on panel - 7 PM ET
AM Earnings: Home Depot (HD), Sea Limited (SE), Baidu (BIDU), Tencent Music (TME), On Holding (ONON), iQIYI, Inc (IQ), MINISO Group Holding (MNSO), MakeMy Trip Limited (MMYT), Paysafe Limited (PSFE), Golden Ocean Group (GOGL)
PM Earnings: Keysight Technologies (KEYS), Doximity (DOCS), Kyndryl Holdings (KD), Agilysys (AGYS), Star Bulk Carriers (SBLK), NextGen Healthcare (NXGN)
Wednesday – 05/17/2023
Housing starts - 8:30 AM ET
Building permits - 8:30 AM ET
AM Earnings: TJX Companies (TJX), Target (TGT), Dynatrace (DT), Wix.com (WIX), RLX Technology (RLX), Jack In The Box (JACK), Arcos Dorados Holdings (ARCO), Triumph Group, Inc (TGI), WalkMe (WKME), Riskfield (RSKD)
PM Earnings: Cisco Systems (CSCO), Synopsys (SNPS), ZTO Express (ZTO), Take-Two Interactive Software (TTWO), Sociedad Quimica y Minera (SQM), DLocal Limited (DLO), StoneCo Ltd (STNE), Bowlero Corp (BOWL), FinVolution Group (FINV), Hawkins (HWKN)
Thursday – 05/18/2023
Philadelphia Fed factory survey - 8:30 AM ET
Initial jobless claims - 8:30 AM ET
Fed Gov. Philip Jefferson speaks - 9:15 AM ET
Fed Vice Chair for Supervision Barr testifies - 9:30 AM ET
Existing home sales - 10 AM ET
U.S. leading economic indicators - 10 AM ET
AM Earnings: Walmart Inc (WMT), Alibaba Group Holding (BABA), KE Holdings (BEKE), Grab Holdings (GRAB), Bath & Body Works (BBWI), Advanced Drainage Systems (WMS), Eagle Materials (EXP), Brady Corporation (BRC), Canadian Solar (CSIQ), Dole plc (DOLE)
PM Earnings: Applied Materials (AMAT), Ross Stores (ROST), Flowers Foods (FLO), DXC Technology Company (DXC), Qifu Technology (QFIN), Alvotech (ALVO), Farfetch Limited (FTCH)
Friday – 05/19/2023
New York Fed President Williams speaks - 8:45 AM ET
Fed Chairman Powell and former Fed Chairman Bernanke on panel - 11 AM ET
AM Earnings: Deere & Company (DE), RBC Bearings Incorporated (RBC), Foot Locker (FL), CI&T (CINT)
