Superstock Investor
Member Login   RSS ->
James DiGeorgia, Mr. Macro
- Chief Editor -
Mr. Macro
Geoff Garbacz, Mr. Micro
- Chief Strategist -
Mr. Micro
Dan Hassey, Mr. Retirement
- Senior Stock Analyst -
Mr. Retirement
Superstock Investor


[Printable Version of This Page]

Morning Matters:

The Week Ahead For May 2nd to 6th
by Geoff Garbacz

May 2, 2022

All stock indexes fell again this past week across the board.

1. Geopolitical and Fiscal Events. The key issue remains how the Russian invasion of Ukraine progresses as the Russians reattack Eastern Ukraine and the Donbas region while threatening nuclear war. Wednesday sees the FOMC out with its latest rate decision.

2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and ISM Manufacturing Index, Construction Spending, Factory Orders, ADP Employment Report, ISM Non-manufacturing Index, Nonfarm payrolls and unemployment rate.

3. Earning Releases. Notable releases this upcoming week include MCO NXPI PFE AMD CVS BKNG COP BUD ENB CI.

Monday, May 2

April ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to improve to 57.9% from 57.1%.

March Construction Spending is due out at 10:00 a.m. EDT and is expected to improve to 0.8% from 0.5%.

Tuesday, May 3

April ADP Employment Report is due out at 8:15 a.m. EDT and are expected to drop to 390,000 from 455,000.

April ISM Non-manufacturing Index is due out at 10:00 a.m. EDT and expected to rise to 58.7% from 55.5%.

The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.

Wednesday, May 4

March Pending Home Sales are due out at 10:00 p.m. EDT and are expected to improve from a drop of -4.1% to -1.5%.

FOMC is out with its latest decision at 2:00 p.m. EDT and then followed by a press conference at 2:30 p.m. EDT.

Thursday, May 5

No events of note.

Friday, May 6

April Nonfarm Payrolls are due out at 8:30 a.m. EDT and expected to fall to 395,000 from 431,000.

April Unemployment Rate is due out at 8:30 a.m. EDT as well and is expected to remain 3.60%.

Morning Matters Archives

FREE SERVICES

Morning Briefing

Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!

SUBSCRIBER SERVICES

Superstock Investor Newsletter

Published once a month. Get the big picture, what happened last month and predictions for the month ahead.

Investors Edge

Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:

  • Phil Erlanger
  • Tom McClellian
  • Mohan
  • Geoff Garbacz
  • Steve Weintz

Get access to information from publications like:

  • The Kiplinger Letter
  • The Agile Trader
  • McClellan Market Report
  • Gold and Energy Options Trader
  • Mohan's Market Force

***

Not a Subscriber?

[Superstock Investor Newsletter]

Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..