Option Millionaires

[Mikey]

Tomorrow will be another robust day for economic data in the US. Consumer inflation prices will be released in the morning along with housing starts and building permits. Consumer price inflation is expected to decline to an annual rate of 1.4%, down from 1.5% the month prior. Housing starts are expected to decline to an annual rate of 980,000 in April, down from 1.036 million the month prior. Building permits are expected to increase to 941,000 from 907,000 on increased housing activity. The Philadelphia regional manufacturing survey will also be released. Philadelphia's region is one of the more significant surveys and is expected to continue to remain expansionary at a reading of 2.8, up from 1.3 in April.

Global economic data will be lighter with Japan releasing industrial production data and the eurozone releasing consumer price inflation data. Eurozone inflation is expected to remain unchanged from the initial 1.2% annualized reading, and core inflation is also expected to remain unchanged at 1.0%.

Tomorrow's earnings will include Kohl's (KSS), JC Penney (JC), Wal-Mart (WMT), Applied Materials (AMAT), Aruba Networks (ARUN), and Nordstrom (JWN).