The Week Ahead: Fed Speeches, Banks, First Full 2017 Week

Bank stock earnings and a number of speeches by Fed officials highlight the first full trading week of 2017

Jan 5, 2017 at 1:30 PM
facebook X logo linkedin


The first full week of 2017 will be highlighted by a number of Fed speeches, including a town hall meeting with Federal Reserve Chair Janet Yellen. The earnings calendar will also start to thaw, with reports from several banking giants expected on Friday, including blue chip JPMorgan Chase & Co. (NYSE:JPM).  

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.

The week begins on Monday, Jan. 9, with speeches from Boston Fed President Eric Rosengren in the morning, followed by an afternoon speech by Atlanta Fed President Dennis Lockhart. On the earnings front, A Schulman Inc (SHLM), Acuity Brands (AYI), Apollo Education Group (APOL), Barracuda Networks (CUDA), Commercial Metals Company (CMC), and Global Payments Inc (GPN) are set to report.

Tuesday, Jan. 10 brings the NFIB small business optimism index, as well as the Job Openings and Labor Turnover Survey (JOLTS), and wholesale inventories report. The earnings docket is relatively empty. For Wednesday, Jan. 11, the latest MBA mortgage index will be released, along with weekly crude inventories report. Stepping up to the earnings confessional will be KB Home (KBH) and SUPERVALU INC (SVU).

Fed speeches will fill the day on Thursday, Jan. 12. Philadelphia Fed President Patrick Harker and Chicago Fed President Charles Evans will speak in the morning, followed by afternoon speeches by Atlanta Fed President Dennis Lockhart, St. Louis Fed President James Bullard, and finishing with a town hall meeting for educators with Fed Chair Janet Yellen in Washington, D.C. In addition, weekly jobless claims will be released, along with import and export data, the Treasury budget, and the Fed balance sheet. On the earnings front, FuelCell Energy (FCEL) and Taiwan Semiconductor (TSM) will report.

The week wraps up on Friday, Jan. 13, with the release of December retail sales, the producer price index (PPI), business inventories, the Thomson Reuters/University of Michigan consumer sentiment survey, and the weekly Baker-Hughes rig count. The earnings docket is busy, with an emphasis on finance and bank earnings. JPM, Wells Fargo & Co (WFC), Bank of America (BAC), BlackRock (BLK), Infosys (INFY), and PNC Financial Services (PNC) are all set to deliver 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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI