Markets are closed on Monday, May 25, in observance of Memorial Day and the earnings season is winding down, but traders have a massive amount of economic data to contend with, including GDP ion Friday. Mike Khouw and Jill Malandrino of Action Alerts OPTIONS point out Housing and Durable Goods Data will be key due to interest rate hike speculation as rates are supposed to support those two sectors specifically. While there are no companies reporting earnings in the Action Alerts PLUS portfolio, Malandrino says there are other volatility events that could impact prices during intraday. For the week of May 25, Sanford C. Bernstein is holding its 31st Annual Strategic Decision Conference of which AAP holdings EOG Resources (EOG), Honeywell (HON), MasterCard (MA), 3M (MMM), Starbucks (SBUX) will present. Other stocks Malandrino and Khouw are watching outside of portfolio include, Autozone (AZO), Costco (COST), Michael Kors (KORS), Toll Brothers (TOL) and Gamestop (GME), all of which report earnings and are consumer related.
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