Monday, May 11 — Real Estate Inflation and High-Tension AI IPO Wave
Volatility & Markets
The week kicks off with heightened pressure on speculative stocks.
Options signal increased volatility for Carvana (CVNA) and Tilray Brands (TLRY).
Overbought stocks (high 14-day RSI): Bandwidth, Rallybio, and Taboola.
Oversold stocks: James River Group, Embecta, and Planet Fitness.
Short interest remains significant in 1-800-Flowers and Dave & Buster’s, which could amplify moves.
🏛 Macro Context
10:00 am: release of existing home sales (National Association of Realtors), a key indicator of U.S. housing activity.
U.S. Treasury Secretary Scott Bessent begins a strategic three-day visit to Japan, with a scheduled meeting with Prime Minister Sanae Takaichi.
Earnings Results
Expected reports:
- Barrick Gold
- Circle Internet Group
- Fox Corporation
- Simon Property Group
Potential double-digit moves after results: Wheels Up and GoPro.
Dividends
Dividend detachments this week for:
- Apple Inc.
- Visa Inc.
- Target Corporation
- Delta Air Lines
IPO: The AI Week
The highly anticipated IPO of Cerebras Systems, an AI chip specialist, targeting up to $3.5B.
Other major IPOs: Fervo Energy (Google data center partner) and Blackstone Digital Infrastructure Trust.
Media & Investor Days
NBCUniversal, Fox, and Amazon Prime Video hold their "upfront" presentations.
Strategic Investor Days: Darling Ingredients and FormFactor.
Tuesday, May 12 — U.S. Inflation (CPI): Key Test for the Fed
Macroeconomics
1:00 pm: April Consumer Price Index (CPI) report by the Bureau of Labor Statistics.
➝ Core inflation expected steady at +2.6%.
11:00 am: New York Fed’s quarterly Household Debt Report.
Speech by Austan Goolsbee (Chicago Fed).
The CPI will be the central event for the week in equity and bond markets.
Key Earnings
- Sea Limited
- JD.com
- Oklo Inc.
- On Holding AG
Expected volatility: Under Armour and Astronics.
Investor Events
Goldman Sachs Global Staples Forum, S&P Global Investor Day, Middleby, Pool Corp, and DraftKings annual meeting.
Wednesday, May 13 — Cisco and Alibaba in the Spotlight
Tech & China Results
Expected reports:
- Cisco Systems
- Alibaba Group
- Tower Semiconductor
- Amdocs
Potential major moves: Global E Online and Doximity.
Showcase Media
Strategic presentations from:
- The Walt Disney Company
- Netflix Inc.
- Warner Bros. Discovery
- YouTube
🏛 Macro
Speech by Susan Collins (Boston Fed) on the U.S. economy.
Thursday, May 14 — Retail Sales & Applied Materials: Double Market Catalyst
🛍 Key Macro
8:30 am: April retail sales release (U.S. Census Bureau).
A crucial indicator to gauge the strength of U.S. consumers.
Strategic Results
- Applied Materials
- Honda Motor Co.
- Klarna
- Brookfield Corporation
Applied Materials could move ±8% post-earnings.
Speeches & Conferences
Speech by Beth Hammack (Cleveland Fed).
Multiple Investor Days (Fiserv, Charles Schwab, DexCom, Appian).
Friday, May 15 — 13F & Credit Health: Consumer Transparency and Risk
Markets
Deadline for 13F filings: increased visibility into major funds’ positions as of March 31.
Credit Monitoring
Update of bank card indicators:
- American Express
- Bank of America
- Citigroup
- Capital One
- Discover Financial Services
- JPMorgan Chase
- Synchrony Financial
Default and delinquency rates will be monitored closely for any sign of household financial stress.
