The Week Ahead: Fed, Facebook in Focus

Facebook Inc (FB), LinkedIn Corp (LNKD), and Twitter Inc (TWTR) will report earnings, along with a handful of Dow components

Jul 24, 2015 at 11:00 AM
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Following a generally disappointing week of earnings reports, bulls are likely crossing their fingers for a better showing next week. The docket will again be busy, with a number of blue chips preparing to tell all, including DuPont (NYSE:DD), Exxon Mobil Corporation (NYSE:XOM), Merck & Co., Inc. (NYSE:MRK), Pfizer Inc. (NYSE:PFE), and Procter & Gamble Co (NYSE:PG). Many will also be keeping one eye trained on social media stocks, with Facebook Inc (NASDAQ:FB), LinkedIn Corp (NYSE:LNKD), and Twitter Inc (NYSE:TWTR) all scheduled to report.

Outside of earnings, the Fed's two-day policy-setting meeting looms large, and by Wednesday afternoon, Wall Street may have a clearer picture of the central bank's rate-hike plans. The advance reading on second-quarter gross domestic product (GDP) is another major highlight, as well as Microsoft Corporation's (NASDAQ:MSFT) highly anticipated Windows 10 debut.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, July 27

The week kicks off with durable goods orders and the Dallas Fed manufacturing survey.

Stepping up to the earnings plate are Baidu (BIDU), Hartford Financial (HIG), Norfolk Southern (NSC), Rent-A-Center (RCII), and (SOHU).

Tuesday, July 28

The Federal Open Market Committee's (FOMC) two-day policy-setting meeting kicks off. In addition, the S&P/Case-Shiller home price index and the Conference Board's consumer confidence survey are due.

The earnings calendar is full, featuring DuPont (DD), Merck (MRK), Pfizer (PFE), Ford Motor (F), Twitter (TWTR), Sirius XM (SIRI), SunPower (SPWR), Gilead Sciences (GILD), Aflac (AFL), Akamai Technologies (AKAM), AK Steel (AKS), Anadark Petroleum (APC), BP plc (BP), Buffalo Wild Wings (BWLD), Citrix Systems (CTXS), Corning (GLW), Cummins (CMI), D.R. Horton (DHI), Edwards Lifesciences (EW), GrubHub (GRUB), JetBlue Airways (JBLU), LyondellBasell (LYB), National Oilwell Varco (NOV), Panera Bread (PNRA), Peabody Energy (BTU), Reynolds American (RAI),  U.S. Steel (X), Wyndham Worldwide (WYN), and Yelp (YELP).

Wednesday, July 29

Set for release are the pending home sales index and weekly crude inventories. The Fed will also announce its latest policy decision.  In addition, Microsoft Corporation (MSFT) will launch its Windows 10 operating system.

Facebook (FB)
, MasterCard (MA), Cliffs Natural Resources (CLF), Anthem (ANTM), Apollo Global (APO), Booz Allen Hamilton (BAH),  General Dynamics (GD), Goodyear Tire (GT), Hilton Worldwide (HLT), Humana (HUM), Huntsman (HUN), Kinross Gold (KGC), Level 3 Communications (LVLT), Lifelock (LOCK), Marriott International (MAR), Noble (NE), O'Reilly Automotive (ORLY), Shutterfly (SFLY), Skechers (SKX), SolarCity (SCTY), Tableau Software (DATA), Vertex Pharmaceuticals (VRTX), Western Digital (WDC), and Whole Foods (WFM) will report earnings.

Thursday, July 30

The advance reading on second-quarter GDP will be in focus, as will weekly jobless claims.

Heading to the earnings confessional are Procter & Gamble (PG), LinkedIn (LNKD), FireEye (FEYE)Alcatel Lucent (ALU), Amgen (AMGN), AstraZeneca (AZN), Avon Products (AVP), Colgate-Palmolive (CL), ConocoPhillips (COP), Crocs (CROX), Delphi Automotive (DLPH), Deckers Outdoor (DECK), Eldorado Gold (EGO), Electronic Arts (EA), Fiat Chrysler (FCAU), Goldcorp (GG), Marathon Petroleum (MPC), Mondelez International (MDLZ), Monster Worldwide (MWW), Outerwall (OUTR), Pitney Bowes (PBI), Sealed Air (SEE), Sony (SNE), Stanley Black & Decker (SWK), Starwood Hotels (HOT), Steven Madden (SHOO), Teva Pharmaceutical Industries (TEVA), T-Mobile US (TMUS), Valero Energy (VLO), Virgin America (VA), VIVUS (VVUS), World Wrestling Entertainment (WWE), Yamana Gold (AUY), and Yandex NV (YNDX).

Friday, July 31

The week closes out with the employment cost index (ECI), the Chicago purchasing managers index (PMI), and the Thomson Reuters/University of Michigan consumer sentiment index.

Exxon Mobil (XOM), Immunogen (IMGN), Phillips 66 (PSX), Royal Caribbean (RCL), Seagate Technology (STX), and Tyco International (TYC) will finish the lineup of earnings reports.


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