For Tuesday, May 5th we outline notable earnings and the key economic data to keep an eye on. On the earnings front, we point out reports from HSBC Holdings plc (HSBC), DirecTV (DTV), Kellogg Company (K), Discovery Communications (DISCA), Office Depot (ODP), and the Walt Disney Company (DIS). The entertainment company is scheduled to release its fiscal second quarter results on Tuesday morning before the market opens. TheStreet's Jim Cramer says Disney has done everything right. On the economic calendar, watch for the international trade level, services purchasing managers' index, and the ISM non-manufacturing index. TheStreet's Kurumi Fukushima reports in New York.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.