Maria Bartiromo’s Investor Brief – May 15 – 2011

Link to website and video

http://mariaswallstreet.cnbc.com/video/InvestorBrief/2011/05/16/?sid=LR4186&cp=CNAB&ct=20110516&cc=eletter&en=3978699

  • Last month’s existing home sales report showed a 3.7% increase in March. That was short of expectations but at least moving in the right direction. Home affordability remains near its all-time high, but tepid job growth, hesitant buyers and credit constraints continue to weigh on the sector. We’ll get the latest numbers for April on Thursday.
  • The earnings line-up includes important retailers like JCPenney, Staples, Target and Wal-Mart, as well as home improvement giants Home Depot and Lowes. Tech bellwethers Dell and Hewlett-Packard are also scheduled to report.
  • Other economic releases of note include weekly unemployment claims on Thursday, the Philadelphia Fed’s business outlook, and the index of leading indicators on Friday.

Monday : NAHB Housing Market Index
Tuesday : Housing Starts / Industrial Production
Wednesday : FOMC Minutes
Thursday : Weekly Unemployement / Existing Home Sales / Philidelphia Fed

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