The Week Ahead

Last week was mixed with the S&P, Dow finishing lower for the second week in a row while the Nasdaq and Russell closed up. Apple was a notable leader after earnings with an unexpected afterburner lift as Warren Buffett mentioned they bought 75 million more share in Q1. I'll post the NDX attribution on tomorrow's note - spoiler alert it remains as narrow as ever with the top 5 NDX stocks doing the majority of the heavy lifting. It will be interesting to see if there is follow through this week.

Earnings season downshifts slightly with the heaviest volume days on Tuesday and Wednesday. Notable releases include but are not limited too (TSN, NOG, DFRG, AMC, ZG, DISCA, JEC, DISH, DIS, JAZZ, NVDA, NWSA, FOXA, IAC, NUAN).

The Brokerage conferences begin to pick up with Deutsche Bank Health Care, Goldman Sachs Consumer Staples (with Staples the most oversold US sector with DeMark exhaustion signals starting to trigger the tone out of this conference will be important), Jefferies Global Tech, and SunTrust Robinson Humphrey Conf.

On the economic front we will see China Imports/ Exports on Tuesday (could see a little tariff reaction) with BoE rate decision on Thursday morning (no change expected) and US CPI inflation read on Thursday morning. China tariff talked ended with no resolution and this catalyst could start to get more notice. Iran deal sanctions could start to leak out this week and that could be a catalyst for higher crude prices. I expect higher crude and gasoline prices to weigh on transports and consumer spending in the coming months.

Sentiment closed the week with the S&P at 37% and the Nasdaq 100 at 40%. Have a great week!

Monday 07-May

Corporate

Pre-open: CTSH, DFRG, LPX, NOG, SYY, TSN, WLTW,
Post-close: AMC, MOS, ANDV, IFF, PINC, CRZO, HTZ, OAS, EVHC, FRGI, RBC, REN, TRMB, ZG

Citi Consumer Staples Access
UBS China A-Share

Economic

US: Consumer Credit (Mar), Fed speakers: Bostic, Barkin, Kaplan, Evans
Europe: Euro-zone Sentix confidence (May); Germany Factory orders (Mar)
Asia: (Sun PM / Mon AM) China FX reserves

Tuesday 08-May

Corporate

Pre-open: DISCA, DNR, ACM, DISH, EXPD, AFI, CROX, ENDP, ARMK, ATKR, FI, GRPN, HAIN, HSIC, IT, JEC, MLM, MNK, MYGN, PRGO, SD, SN, TGNA, TTI
Post-close: APEI, CSOD, BCEI, CHUY, EA, BECN, CCS, DIS, BOJA, CA, ETSY, FOSL, GDDY, GPOR, HCG.CN, HDP, JAZZ, KAR, LC, LQ, MAR, MB, MNST, MODN, MTCH, NEWR, OXY, PBPB, PLNT, SBOW, SUPN, TRIP, TWLO, WEN, XEC, QBR.B.CN, PMTS,

D. A. Davidson Financial Institutions
Deutsche Bank Health Care
Jefferies Global Technology
SunTrust Robinson Humphrey Internet & Digital Media
CIBC Technology & Innovation
Credit Suisse MLP & Natural Gas

Analyst Meeting: RHT, XEL, FIS, GBL,WN.CN, DEA, CWX.CN, CTXS
IPO: EVLO, OBNK, UEX.LN
PDUFA: ABBV, LBCN (Tlando)

Economic

US: Jolts Job openings (Mar)
Europe: Germany Industrial production (Mar), Trade Balance (Mar)
Asia: (Mon PM / Tues AM): Japan personal Consumption (Mar) Wages (Mar) China imports/exports, Trade Balance

Wednesday 09-May

Corporate

Pre-open: MYL, CNK, ODP, STE, COTY, LAUR, PRTY, HZNP, JHG, SYNH, VSI, WIX, WWW,
Post-close: ALB, GDOT, ATUS, FRSH, INFN, BKNG, FOXA, IAC, CTL, DNB, MELI, MTRX, NUAN, OTEX, RNG, SAIL,

D. A. Davidson Financial Institutions
Credit Suisse MLP & Natural Gas
Jefferies Global Technology
SunTrust Robinson Humphrey Internet & Digital Media
UBS Utility & MLP
Three Part Advisors LLC East Coast IDEAS Investor
Deutsche Bank Health Care

Analyst Meeting: TS.B.CN, KELYA, ATGE
IPO: EQH

Economic

US: PPI (Apr), Wholesale Inventories (Mar), Fed speakers Bostic
Europe: UK RiCS housing price balance
Asia: (Tues PM / Wed AM) Japan Trade Balance, FX Reserves (Apr)

Thursday 10-May

Corporate

Pre-open: AMCX, CRK, CRL, DEPO, FTT.CN, MGA, MMS, T.CN, TGI, UBNT
Post-close: AMBR, ARCB, ATZ.CN, FSCT, GTIM, HUBS, NDLS, NVDA, NWSA, PEGA, PSDO, SYMC, TLND, YELP

D. A. Davidson Financial Institutions
UBS Utility & MLP
Citi Midwest Healthcare Access Day
Citigroup Car of the Future
Jefferies Global Technology
SunTrust Robinson Humphrey Midstream

WFC, POL, MCB.CN, ENV, FTT.CN, RICK, FLEX

IPO: ABP, HUYA
FDA Panel: AKCA, IONS (Volanesorsen)

Economic

US: Core CPI (Apr), Treasury Budget (Apr)
Europe: UK: BoE rate decision, UK IP (Mar), Manufacturing Production (Mar) Trade Balance (Mar)
Asia: (Wed PM / Thurs AM): China CPI / PPI (Apr); Japan current econ condition (Mar)

Friday 11-May

Corporate

Pre-open: GLF, TRI

Citi Telecom, Cable, & Media

Analyst Meeting: CTB, TFX
FDA panel: BMRN, ROG.SW (Vosoritide)

Economic

US: Import / Export price index (Apr), Michigan Sentiment (May)

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