The Week Ahead: Fed Presidents Take the Mic; GDP In Focus

A number of regional Fed presidents are set to talk, as traders await the final reading on second-quarter GDP on Thursday

Sep 22, 2016 at 10:30 AM
facebook X logo linkedin

Coming off the Federal Open Market Committee's (FOMC) most recent policy decision, Fed talk is set to dominate Wall Street for yet another week. Specifically, traders will hear from a number of regional Federal Reserve presidents, as well as Fed Chair Janet Yellen. Much attention will also be paid to the final reading on second-quarter gross domestic product (GDP), which will be released on Thursday. The earnings calendar is rather bare for the week, though blue chip Nike (NKE) is scheduled to report

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, September 26

The Dallas Fed manufacturing survey and new home sales will kick off the week's economic data. Meanwhile, traders will hear from Minneapolis Fed President Neel Kashkari and Dallas Fed President Robert Kaplan. Cal-Maine Foods (CALM), Carnival (CCL), and Vail Resorts (MTN) will report earnings. 

Tuesday, September 27

The S&P/Case-Shiller home price index and Conference Board's consumer confidence survey will be released Tuesday. NKE and Cintas (CTAS) make up the earnings slate.

Wednesday, September 28

On Wednesday, Wall Street will digest durable goods orders, weekly crude inventories, and comments from several regional Fed presidents. Among those expected to speak are Neel Kashkari once again, St. Louis Fed President James Bullard, Chicago Fed President Charles Evans, Cleveland Fed President Loretta Mester, and Kansas City Fed President Esther George. For earnings, Blackberry (BBRY) and Pier 1 Imports (PIR) will report. 

Thursday, September 29

The final reading on second-quarter GDP highlights Thursday's economic schedule. Pending home sales, international trade data, and weekly jobless claims will also be released. Elsewhere, Fed Chair Janet Yellen will participate in a conversation at the Kansas City Fed's Minority Bankers Forum. Philadelphia Fed President Patrick Harker, Atlanta Fed President Dennis Lockhart, Kansas City Fed President Esther George, and Fed Board Governor Jerome Powell will all speak throughout the day, as well.  

Accenture (ACN), Conagra (CAG), Costco (COST), and PepsiCo (PEP) comprise the earnings calendar.
Friday, September 30

Rounding out the week are personal income and spending, the Chicago purchasing managers index (PMI), and consumer sentiment. McCormick (MKC) is the only company set to report earnings. 

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.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI