• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Economic Data

Day Ahead: Hoping for Stimulus

China's bad data spark hopes of more cash. 
By BRYAN ASHENBERG, CFA May 04, 2015 | 07:55 AM EDT
Stocks quotes in this article: CMCSA, CTSH, L, DO, HSIC, SYY, TSN, ARCC, IM, CGNX, CAR

Asian stocks closed mixed, with Shanghai higher, while European markets were in the green on Monday morning. London Stock Exchange is closed, as Monday is a bank holiday in the U.K.

Stock index futures indicate a higher open for Wall Street.

We're already a few weeks into earnings season, but the earnings reports will continue to flow this week, keeping investors busy.

First of all, though, what would a Monday morning be worth if we had no Chinese economic data from over the weekend to report on? The HSBC final Purchasing Managers' Index came in at 48.9, less than the preliminary reading of 49.2 and down from March's 49.6 reading, all of which signal negative growth (with 50 being the point of delineation).

Bulls point to China's central banks recent commitment to upping its financial stimulus as a reason to look at the glass as half full, because they believe the central bank will be forced to take additional accommodative action.

In fact, investors hope that China's stimulus will begin to work like that in the eurozone, as its final April PMI came in at 52, which indicated modest growth.

The best news of all this weekend came out of Greece, on which both sides are now optimistic that an agreement could come soon. That's great news, as Greece's next debt repayment to the International Monetary Fund is due on May 12.

Notable earnings today include: Comcast (CMCSA), Cognizant Technology (CTSH), Loews (L), Diamond Offshore (DO), Henry Schein (HSIC),  Sysco (SYY), Tyson Foods (TSN), Growth Seeker's Ares Capital (ARCC), Ingram Micro (IM), Cognex (CGNX), and Avis Budget (CAR).

Today's economic calendar includes the April New York ISM at 9:45 a.m. and at 10 a.m. we get the March Factory Orders report, with consensus calling for 2.0%.

Happy trading!

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Bryan Ashenberg had no positions in any of the securities mentioned. 

TAGS: Investing | U.S. Equity | Economic Data

More from Economic Data

Debt-Ceiling Deal, AI's Revolution, Charting the Indexes, Wild Week Ahead

Stephen Guilfoyle
May 30, 2023 7:45 AM EDT

Business has always been cut-throat. This will take the cut-throat nature of business to a whole new level.

Debt Saga Drags On, Rate Hike Handicapping, Data Deluge, Marvelous Marvell

Stephen Guilfoyle
May 26, 2023 7:53 AM EDT

Plus, the Nasdaq and S&P 500 did not do justice to Thursday's market action as there were far more losers than winners on the day.

Are Big-Cap Technology Stocks Ready to Pull Back?

James "Rev Shark" DePorre
May 24, 2023 6:32 AM EDT

It's important to carefully monitor how this develops from here.

3 Issues Will Dominate the Market Action This Week

James "Rev Shark" DePorre
May 22, 2023 7:36 AM EDT

Debt, markets, inflation and growth are what to watch.

Debt Ceiling, Marketplace, Fed Talk, More Earnings, Busy Week Ahead

Stephen Guilfoyle
May 22, 2023 6:44 AM EDT

The focus this week will once again be on political posturing and political theater and its impact on the US and global economies as well as on financial markets.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:48 AM EDT CHRIS VERSACE

    Latest AAP Podcast With Portillo's CEO!

    Listen in as we talk with a rising star in the Chi...
  • 03:25 PM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Don't Just Sit There and 'Hope' for Your Stocks, M...
  • 07:32 AM EDT BOB LANG

    Webinar Thursday After the Close: Option Spread Trading

    Thursday, my good friend and colleague Sam DeMarco...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login