Nike, Micron Earnings to Headline Next Week; GDP Data on Tap

First-quarter gross domestic product will be released next week, while Dow stock Nike will report earnings

Jun 22, 2017 at 12:42 PM
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The last week of the second quarter -- which could see some "window dressing" -- will feature data on durable goods, personal income and spending, and the latest update on first-quarter gross domestic product (GDP). A handful of Fed members will step up to the mic, while blue chip Nike Inc (NYSE:NKE) and semiconductor maker Micron Technology, Inc. (NASDAQ:MU) will headline the relatively light slate of earnings reports on tap. In addition, the Senate could vote on the newly released healthcare bill.

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 26, traders will digest the latest data on durable goods, and San Francisco Fed President John C. Williams is scheduled to speak at the University of Sydney in New South Wales. Schnitzer Steel (SCHN) will report earnings.

Looking at Tuesday, June 27, the Conference Board's consumer confidence index will be released, as well as the S&P Corelogic Case-Shiller home price index. Williams will continue his tour in Sydney, while Philadelphia Fed President Patrick Harker and Minneapolis Fed President Neel Kashkari will speak. Darden Restaurants (DRI) and KB Home (KBH) will report earnings.

Wednesday, June 28
, will feature the weekly crude inventories update, as well as the pending homes sales report and international trade data. Companies reporting earnings are General Mills (GIS), Pier 1 Imports (PIR), Paychex (PAYX), and Monsanto (MON).

Thursday, June 29, is a busy day, headlined by the latest GDP estimates for the first quarter. Traders will also weigh weekly jobless claims, and St. Louis Fed President James Bullard will speak in London. Meanwhile, Nike (NKE), Micron Technology (MU), ConAgra (CAG), Constellation Brands (STZ), and Walgreens Boots Alliance (WBA) will report earnings.

Personal income and spending stats, the Chicago purchasing managers' index (PMI), and the University of Michigan consumer sentiment report will be released on Friday, June 30. There are no earnings of note.

 

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