Retail Earnings, Fed Minutes On Deck

The May Fed meeting minutes are due Wednesday

Managing Editor
May 17, 2018 at 1:15 PM
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Retail earnings will continue to flood Wall Street next week, with Kohl's Corporation (NYSE:KSS), Sears Holdings Corp (NASDAQ:SHLD), and Target Corporation (NYSE:TGT) among the many names set to report. Additionally, all eyes will be on the Federal Reserve, as traders digest the minutes from the May Federal Open Market Committee (FOMC) meeting and an onslaught of central bank speeches looking for clues to a possible June rate hike.

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 kicks off with a busy slate of Fed speeches, with Atlanta Fed President Raphael Bostic, Philadelphia Fed President Patrick Harker, and Minneapolis Fed President Neel Kashkari all scheduled to speak on Monday, May 21. Pure Storage (PSTG) will report.

The economic calendar is bare on Tuesday, May 22. For earnings, Advance Auto Parts (AAP), AutoZone (AZO), Container Store (TCS), Cracker Barrel (CBRL), Dycom (DY), Hewlett Packard (HPE), Intuit (INTU), Kohl's (KSS), TJX (TJX), Toll Brothers (TOL), Red Robin Gourmet Burgers (RRGB), and Urban Outfitters (URBN) are lined up.

Wednesday, May 23, will bring the flash composite purchasing managers index (PMI), weekly crude inventories report, and new home sales data. Most notable, though, is the release of Fed meeting minutes, due out at 2 p.m. ET. (WUBA), Burlington Stores (BURL), Dollar Tree (DLTR), L Brands (LB), Lowe's (LOW), NetApp (NTAP), Ralph Lauren (RL), Sears Holdings (SHLD), Target (TGT), and Tiffany & Co. (TIF) are scheduled to announce quarterly reports.

On Thursday, May 24, New York Fed President William Dudley will take the stage, as will Harker. The Fed's balance sheet, weekly jobless claims, and existing home sales data are expected. Autodesk (ADSK), Best Buy (BBY), Big Lots (BIG), Deckers Outdoor (DECK), Gap (GPS), and Shoe Carnival (SCVL) will report earnings.

Data on durable goods and the University of Michigan's consumer sentiment index are set for release on Friday, May 25, while Chicago Fed President Charles Evans, Dallas Fed President Robert Kaplan, and Bostic will speak. On tap for earnings is Buckle (BKE), Foot Locker (FL), and Hibbett Sports (HIBB).

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