OPEC Meeting, Kroger Earnings On Tap Next Week

Micron and FedEx will report earnings as well

by Patrick Martin

Published on Jun 14, 2018 at 1:15 PM
Updated on Jun 24, 2020 at 10:16 AM

Compared to this week's jam-packed slate, the week ahead could be breather of sorts for investors. We'll hear from a trio of Fed speakers at the start of the week, while housing data and earnings reports from the likes of Kroger (KR), FedEx (FDX), and Micron Technology (MU) will help keep things interesting. 

However, the big focus will be Friday, when the Organization of the Petroleum Exporting Countries (OPEC) meeting starts in Vienna, Austria. Investors will be eyeing the meeting for news of a possible production increase, especially after President Donald Trump recently took to Twitter to blast the organization for high oil prices.

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, June 18, will kick off with the National Association of Home Builders (NAHB) housing market index, while Atlanta Fed President Raphael Bostic and San Francisco Fed President John Williams will take the mic. There are no earnings to report today.

On Tuesday, June 19, housing starts mark the only data released, while St. Louis Fed President James Bullard will speak in the morning. FedEx (FDX), La-Z Boy (LZB) and Oracle (ORCL) are scheduled to unveil quarterly reports.

Wednesday, June 20, will feature the MBA mortgage index, existing home sales, and the weekly crude inventories report. Micron Technology (MU), Actuant (ATU), and American Outdoor Brands (AOBC) are scheduled to unveil quarterly reports.

Thursday, June 21, will feature weekly jobless claims and the FHFA home price index, as well as index of leading economic indicators and the Fed's balance sheet. Barnes & Noble (BKS), Darden Restaurants (DRI), Finish Line (FINL), Kroger (KR), Red Hat (RHT), and Patterson Companies (PDCO) report earnings. 

Aside from the OPEC meeting, the week will close Friday, June 22, with the flash purchasing managers index (PMI), as well as the Baker-Hughes weekly rig count. BlackBerry (BB), CarMax (KMX), and Carnival (CCL) round out the week in earnings.


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