Housing data, PMI, CarMax: What to Watch

New existing home sales figures for the month of May will be released on Friday, with estimations coming in at 4.1 million, falling lower than April's 4.14 million print.

Purchasing Managers Index (PMI) numbers will also be released, with estimates for June at 54 for services and 51 for manufacturing, relatively in line with the previous month.

CarMax (KMX) will post its first-quarter earnings results, giving insight into the auto sector and used car sales.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Nicholas Jacobino

Video Transcript

And time now for to watch Friday, June 21st, we start off with housing new existing home sales numbers for May coming out in the morning.

That number expected to decline compared to April.

This is coming after new housing starts.

Data from today hit the slowest pace in four years.

The new home sales data giving us more insight into home buyers as they continue to get squeezed by sticky inflation and mortgage rates.

Taking a look at the economy, new purchasing managers index data coming out in the morning as well.

Economists forecasting those numbers will tick down slightly and this coming after us, business activity accelerated at the fastest pace in two years last month, giving us another key indicator of economic activity.

And finally, Carmax set to report its first scored results ahead of the open tomorrow and expecting the used vehicle retailers profit and volume and sales to remain strong companies knocking on the door now of rival Carvana but still trails in gross profit per.