Equity Clock

Stock Market Outlook for May 17, 2021

Why the weaker than expected reports on Retail Sales and Industrial Production in the US were actually highly encouraging.

 

 

 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.   As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

Subscribers – Click on the relevant link to view the full profile. Not a subscriber? Signup here.

Ventas, Inc. (NYSE:VTR) Seasonal Chart

Alamos Gold Inc. (TSE:AGI.TO) Seasonal Chart

PotlatchDeltic Corp. (NASD:PCH) Seasonal Chart

ExlService Holdings Inc. (NASD:EXLS) Seasonal Chart

Getty Realty Corp. Holding Co. (NYSE:GTY) Seasonal Chart

Tennant Co. (NYSE:TNC) Seasonal Chart

FBL Financial Group, Inc. (NYSE:FFG) Seasonal Chart

American National Bankshares, Inc. (NASD:AMNB) Seasonal Chart

Brixmor Property Group Inc. (NYSE:BRX) Seasonal Chart

iShares MSCI UAE Capped ETF (NASD:UAE) Seasonal Chart

Kimco Realty Corp. (NYSE:KIM) Seasonal Chart

Fossil Group, Inc. (NASD:FOSL) Seasonal Chart

Skyworks Solutions Inc. (NASD:SWKS) Seasonal Chart

Deckers Outdoor Corp. (NYSE:DECK) Seasonal Chart

Acadia Realty Trust (NYSE:AKR) Seasonal Chart

 

 

The Markets

Stocks posted strong gains in the final session of the trading week, cutting the loss for the week down to a third of what it was at the lows of Wednesday’s session.  The S&P 500 Index gained 1.49%, ending just marginally above its 20-day moving average.  The gyrations within the rising intermediate –term trading range continue with the lower limit of the rising span now sitting around 4075, while the upper limit can be pegged around 4275.

Today, in our Market Outlook to subscribers, we discuss the following:

• Weekly look at the technicals of the large-cap benchmark
• US Retail Sales and the standout category in the report that continues to raise confidence in the consumer
• US Industrial Production and the area that is acting as a burden to the manufacturing economy
• Canadian Manufacturing Sales and the industry groups that are showing above average activity, warranting exposure in portfolios from a fundamental perspective

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Sentiment on Friday, as gauged by the put-call ratio, ended bullish at 0.90.

 

 

 

Seasonal charts of companies reporting earnings today:

 

 

 

S&P 500 Index

 

 

TSE Composite

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