The Week Ahead: All Eyes on Alcoa Earnings

Ready or not, second-quarter earnings season is just around the corner

Jul 1, 2015 at 5:00 PM
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It's that time of the quarter again, when aluminum giant Alcoa Inc (NYSE:AA) sets the table for a fresh round of earnings reports. The company is set to announce on Wednesday night -- just a few hours after the release of the latest Federal Open Market Committee (FOMC) meeting minutes. And there should be plenty of other Fed headlines this week; no fewer than six central bankers have speeches planned, with Janet Yellen batting clean-up on Friday (when the earnings and economic calendars are otherwise quiet).

Please note, all earnings dates listed below are tentative and subject to change. Check with each company's respective website for official reporting dates.

Monday, July 6

The economic calendar kicks off on Monday with the release of the Institute for Supply Management's (ISM) services index. It's a light day for earnings, with only A. Schulman (SHLM) set to report.

Tuesday, July 7

U.S. trade data is due out on Tuesday, along with the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) and the Fed's monthly consumer credit report. The Container Store (TCS) and MSC Industrial (MSM) will report their quarterly results.

Wednesday, July 8

The minutes from the Federal Open Market Committee's (FOMC) June meeting will be released on Wednesday afternoon, and traders will also hear the latest on crude inventories. San Francisco Fed President John Williams is the first in a long line of central bankers to hit the podium this week, with an afternoon speech in Los Angeles on the docket.

Meanwhile, Alcoa's (AA) post-close report marks the unofficial start of second-quarter earnings season. WD-40 (WDFC) is also set to announce its latest profit and revenue figures.

Thursday, July 9

Weekly jobless claims will be released on Thursday, as usual. Otherwise, Fed officials dominate the day's schedule, with speeches due out from Minneapolis Fed President Narayana Kocherlakota, Kansas City Fed President Esther George, and Fed Governor Lael Brainard.

Additionally, a handful of notable names are expected to report earnings -- including PepsiCo (PEP), Walgreens Boots Alliance (WBA), PriceSmart (PSMT), and Barracuda Networks (CUDA).

Friday, July 10

Wholesale inventories are the sole economic report due out Friday, but the week's roster of Fed speeches ends with a bang. In addition to planned remarks from Boston Fed President Eric Rosengren, Fed Chair Janet Yellen is scheduled to take the mic in Cleveland. There are no major earnings reports on the docket.

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