The Week Ahead: GDP, Nike Earnings On Tap

Following the "Brexit" referendum results, the focus will shift back to domestic matters, including GDP data and Nike Inc (NKE) earnings

Jun 23, 2016 at 1:40 PM
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Following the seemingly endless "Brexit" hype, focus will finally shift back to the home front. Highlighting the economic calendar are the final first-quarter gross domestic product (GDP) numbers, plus several speeches from Fed officials. Garnering the most attention will be Federal Reserve Chair Janet Yellen, who will speak in Portugal on Wednesday at a European Central Bank (ECB) conference. Meanwhile, it will be a relatively slow week for earnings, but major companies set to report results include Nike Inc (NYSE:NKE), Monsanto Company (NYSE:MON), and Micron Technology, Inc. (NASDAQ:MU).

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 27

The international trade balance is due out on Monday, as well as the Dallas Fed manufacturing survey. The earnings front is relatively quiet.

Tuesday, June 28

Final first-quarter GDP data will be released on Tuesday, along with the Conference Board's consumer confidence survey and the S&P/Case-Shiller home price index. NKE, Carnival Corp (CCL), and IHS Inc. (IHS) will step up to the earnings stage.

Wednesday, June 29

Fed Chair Janet Yellen will speak at an ECB conference in Portugal on Wednesday. Also, personal income and spending data will be released, as well as the pending home sales index and the regularly scheduled crude inventories update. Among the companies set to release earnings are Acuity Brands (AYI), General Mills (GIS), MON, and Pier 1 Imports (PIR).

Thursday, June 30

The Chicago purchasing managers index (PMI) and weekly jobless claims are due on Thursday. St. Louis Fed President James Bullard will speak, as well. ConAgra (CAG)Constellation Brands (STZ)Darden Restaurants (DRI), McCormick & Company (MKC), MU, Schnitzer Steel (SCHN), Paychex (PAYX), and Progress Software (PRGS) will all take their turns in the earnings confessional.

Friday, July 1

On Friday, Markit's manufacturing PMI, the Institute for Supply Management's (ISM) manufacturing index, and construction spending will hit the Street, while Cleveland Fed President Loretta Mester will speak in London. There are no notable earnings reports scheduled.

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