The Week Ahead: All Eyes on Yellen

A speech by Fed Chair Janet Yellen will highlight next week's calendar

Jun 2, 2016 at 2:32 PM
facebook X logo linkedin


As anticipation builds ahead of the June 14-15 Federal Open Market Committee (FOMC) policy-setting meeting, Monday's speech by Fed Chair Janet Yellen to the World Affairs Council of Philadelphia will be a hot topic, as will Wednesday's Job Openings and Labor Turnover Survey (JOLTS) -- which will provide further insight into the current labor market. Meanwhile, although earnings season is all but over, Valeant Pharmaceuticals Intl Inc (NYSE:VRX) will release its highly-anticipated earnings report on Tuesday, followed by retailer Lululemon Athletica inc. (NASDAQ:LULU) on Wednesday.

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, June 6

While Monday's economic calendar is bare, both Yellen and Boston Fed President Eric Rosengren are due to speak. United Natural Foods (UNFI) will report earnings.

Tuesday, June 7

On Tuesday, productivity and labor costs will be released. Elsewhere, Dave & Buster's (PLAY), HD Supply Holdings (HDS), Valeant Pharmaceuticals (VRX), and VeriFone (PAY) are set to release results.

Wednesday, June 8

Wednesday will see the release of the Labor Department's April JOLTS, followed by the weekly crude inventories update. FuelCell Energy (FCEL), Lululemon Athletica (LULU), and Restoration Hardware (RH) will step into the earnings confessional.

Thursday, June 9

Weekly jobless claims is Thursday's only notable economic report. On the earnings front, Francesca's (FRAN), H&R Block (HRB), J.M. Smucker (SJM), Mattress Firm (MFRM), and Vail Resorts (MTN) will step up to the plate.

Friday, June 10

The the preliminary Thomson Reuters/University of Michigan consumer sentiment survey for June and the Treasury budget will hit the Street on Friday. Meanwhile, there are no earnings reports set to be released.

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.
 

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*