WEDNESDAY 5/20/15; Japan GDP; LOW; TGT; AEO; SPLS; HRL; FOMC Minutes; SPX New All-Time Record High; LB; WSM; CRM; NTAP

The NIKK is set to begin trading above 20K with traders fixated on Japan’s GDP data. Troubled airbag maker Takata is expected to trade lower after announcing a 34 million vehicle recall, the largest recall in history, finally buckling under pressure by regulators to make good on their faulty parts and manufacturing procedures.

Japan GDP comes in at 

















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LB report a one penny beat on EPS but top line sales are light. The sexy Victoria’s Secret lingerie is not dancing off the shelves as joyously. L Brands also owns Bath & Body Works. Home products retailer WSM bounces +4% after beating on earnings but guidance is lowered for Q2 blaming the West Coast port shutdown.

The options market is pricing in a 7% move either up or down for Salesforce upon its earnings release. CRM reports a beat on the top and bottom lines and jumps +5% higher. NTAP collapses -9% after reporting disappointing earnings and lowering guidance. NetApp is firing 500 employees. SNPS loses -1% after reporting earnings. YOKU rises +1.4% after earnings.