The Market Week Ahead: May 13 – May 17

 

May 13 – Friday afternoon’s rally seems like a long time ago now. President Trump kept tweeting over the weekend, making a trade deal with China look even less likely than it did last week.

China, which promised to retaliate last week for Trump’s increased tariffs, waited until after 8 a.m. ET to announce that it would be raising tariffs on $60 billion in American imports by between 5% and 25%. The timing was effective, as it helped push pre-market trading from red to very red. 

The news calendar for the rest of this week is pretty light, save a few big-name earnings reports, so it seems like trade is going to be the driving force for stocks over the next few days.

The White House had reportedly hoped to have a China trade deal wrapped up by this week, because there is a May 18 deadline to make a decision on auto tariffs. Europe is reportedly already working on a list of U.S. goods to levy tariffs on should auto tariffs be raised, so its is possible that we’ll have more bad news before we get any sort of resolution here.

Economic Events this Week

Big surprises in retail sales of housing data could move markets this week, but probably wouldn’t be enough to change market-wide sentiment.

  • Wednesday
    • 8:30 a.m. – Retail Sales
    • 10:30 a.m. – EIA Crude Oil Inventories
  • Thursday
    • 8:30 a.m. – Housing Starts
    • 8:30 a.m. – Building Permits

Earnings Reports this Week

We’re past the peak of earnings season, but there are still lots of big names on the calendar this week.  

Tuesday:

  • Before the bell: RL, CYBR, GDS
  • After the bell: A, PAGS, ACB, DOX, TLRY

Wednesday:

  • Before the bell: BABA, M, TSG, EJR, CVNT
  • After the bell: CSCO, NTES, ZTO, FTCH, FLO

Thursday:

  • Before the bell: WMT, NICE, WIX, EXP
  • After the bell: NVDA, BIDU, AMAT, IQ, LTM

Friday:

  • Before the bell: DE, CAE

Sector Analysis 

Strong Sectors past Month

No sectors are up 5% or more in the last 20 trading days:

Weak sectors past month

These sectors are down 5% or more in the last 20 trading days:

  • Oil Services
  • Biotechnology
  • Technology and Multimedia Networking
  • Steel
  • Metals & Mining
  • Oil & Gas Exploration
  • Robotics and Artificial Intelligence
  • Agriculture
  • Energy
  • Junior Gold Miners
  • Materials
  • Retail
  • Cyber Security
  • Semiconductors
  • Gold Minders
  • Coal
  • Aviation

Strong sectors past five trading days

No sectors are up more than 3% in the last five days.

Weak sectors past five trading days

These sectors are down 3% or more in the last five trading days.

  • Gold Miners
  • Junior Gold Miners

Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

You May Also Like