Futures are flat this morning, as investors await earnings calls, an interview with Richmond Fed President Tom Barkin, A new release of the Case-Shiller home price index and more.
Big gainers yesterday included Intellia Therapeutics, Inc. (NTLA) Up 50.21%, Marin Software Inc. (MRIN) Up 96.85%, and QAD Inc. (QADB) up 79.79%.
Top 3 Market Moving Events:
The Case-Shiller home price index
The S&P CoreLogic Case-Shiller 20-city home price index for April will be released today. Housing prices have been hot, with roughly half of U.S. houses selling above their list price.
Federal Reserve Bank of Boston President Eric Rosengren has warned that skyrocketing home prices could jeopardize the U.S. employment progress. On Friday, he told Yahoo Finance that the hot real estate market is “not at a point where we should be panicked.”
“The last thing we want to do is to try to get to full employment, and then unintentionally cause a boom and bust of the housing sector that prevents us from getting to full employment or staying at full employment,” Rosengren said.
Richmond Fed President Tom Barkin Interview
At 9:30 AM EST, Richmond Fed President Tom Barkin will be interviewed. During the interview, we’ll be looking for broad movements in the three major indices based on Barkin’s outlook.
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The event starts today at 12pm EST, and Ross will rebroadcast at 4pm EST. You can join the event for free by clicking here.
Earnings Announcements:
Companies announcing earnings today include: Avid Bioservices Inc (CDMO), Alimentation Couche-Tard Inc (ANCUF), Lmp Automotive Holdings Inc (LMPX), AeroVironment Inc (AVAV), Burcon NutraScience Corp (BRCN), National Beverage Corp (FIZZ), Enerpac Tool Group Corp (EPAC), Corus Entertainment Inc (CJREF), VOTI Detection Inc (VOTDF), Tsakos Energy Navigation Ltd (TNP), Factset Research Systems Inc (FDS), Kalvista Pharmaceuticals Inc (KALV), Tecsys Inc (TCYSF), NovaGold Resources Inc (NG), Valeo Pharma Inc (VPHIF) and Pyxus International Inc (PYYX)
Tomorrow Bed Bath & Beyond (BBBY) and General Mills (GIS) will release earnings.
Check your inbox later today for our daily trade!
To your wealth,
Tom @ Wall Street Watchdogs
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