Apple's WWDC, Factory Data In Focus Next Week

Ambarella (AMBA) and Canadian Solar (CSIQ) highlight notable earnings on the stock market calendar

by Patrick Martin

Published on Jun 1, 2017 at 1:44 PM
Updated on Jun 1, 2017 at 1:44 PM

Factory data will highlight a relatively light economic calendar next week week. On the earnings front, GoPro supplier Ambarella Inc (NASDAQ:AMBA) and alternative energy issue Canadian Solar Inc. (NASDAQ:CSIQ) will be in focus. Meanwhile, Apple Inc. (NASDAQ:AAPL) will undoubtedly capture some headlines, with the company's highly anticipated Worldwide Developers Conference (WWDC) kicking off on Monday, and former FBI Director James Comey will reportedly testify before a Senate panel. And, of course, anticipation will continue to build ahead of the June 13-14 Fed meeting.

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.

On Monday, June 5, factory orders, the Institute for Supply Management's (ISM) non-manufacturing index, and productivity and labor costs data will all be released. Ascena Retail Group (ASNA), Dave & Buster's Entertainment (PLAY), Navistar (NAV), Thor Industries (THO), and Xcerra Corp (XCRA) will kick off the week with earnings reports. Apple's annual WWDC will also begin in San Jose.

On Tuesday, June 6, Wall Street will chew on the Job Openings and Labor Turnover Survey (JOLTS), while Ambarella (AMBA), Canadian Solar (CSIQ), Francesca's (FRAN), Fred's (FRED), HD Supply Holdings (HDS), Michaels Companies (MIK), Oxford Industries (OXM), and Sigma Designs (SIGM) all report earnings.

On Wednesday, June 7, the regularly scheduled weekly crude inventories and consumer credit data will be released. ABM Industries (ABM), Cherokee (CHKE), and Tailored Brands (TLRD) will report earnings.

On Thursday, June 8, the Fed's balance sheet will be released, as well as the regularly scheduled weekly jobless claims. J M Smucker (SJM) and Verifone (PAY) report earnings. Ex-FBI Director James Comey will reportedly testify in front of a Senate panel.

Closing out the week on Friday, June 9, will be wholesale inventories and the weekly Baker-Hughes rig count. Ferrellgas Partners (FGP) closes out the week on the earnings front. Apple will wrap up its WWDC event.


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