Economic data in the U.S. is relatively light, with only a few relevant releases: retail sales on Tuesday, PPI on Wednesday, CPI on Thursday, Philly Fed on Thursday, and Housing Starts and Building Permits on Friday. Janet Yellen speaks on Thursday evening at 6:10 pm EDT at a Small Business Week Event.
Abroad, Japanese GDP is released on Wednesday, and EU GDP and CPI data are released on Thursday. China releases retail sales and industrial production data on Tuesday.
Earnings season is winding down, with a far lighter schedule this week. CSCO and WMT are the headliners:
Monday, May 12th
- GOGO earnings before the open
- AGN business update call (likely to discuss VRX bid too)
- MCK earnings after the close
- RAX earnings after the close
- MBI earnings after the close
Tuesday, May 13th
- CST earnings before the open
- CHTP earnings after the close
- RUBI earnings after the close
Wednesday, May 14th
- DE earnings before the open
- M earnings before the open
- KATE earnings before the open
- WMB analyst day
- CSCO earnings after the close
- A earnings after the close
- PLUG earnings after the close
Thursday, May 15th
- WMT earnings before the open
- ATK earnings before the open
- KSS earnings before the open
- JCP earnings after the close
- AMAT earnings after the close
- ADSK earnings after the close
Friday, May 16th
- CHK analyst day