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Walmart Earnings, Fed Speakers Headline Short Week

Fed Vice Chair Richard Clarida will speak on Friday

Managing Editor
Feb 14, 2019 at 1:30 PM
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Next week will be a holiday-shortened one, with markets closed Monday for Presidents Day. The action picks up after that with earnings reports from Walmart (WMT), CVS Health (CVS), Roku (ROKU), and Universal Display (OLED) all on tap. The abbreviated week has a central bank theme, too, with the Fed minutes due on Wednesday, and several Fed speakers set to speak.

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, Feb. 18, markets will be closed for Presidents Day. 

On Tuesday, Feb. 19, Cleveland Fed President Loretta Mester will kick things off with remarks in the morning. We'll also get the National Association of Home Builders (NAHB) housing market index. Walmart (WMT), Advance Auto Parts (AAP), CoreCivic (CXW), FirstEnergy (FE), Herbalife (HLF), Medtronic (MDT), Noble Energy (NBL), and  Sage Therapeutics (SAGE) will report earnings. 

MBA mortgage applications are due on Wednesday, Feb. 20, but all eyes will be on the minutes from the most recent Fed meeting, released at 2 p.m. ET. Quarterly earnings from Agilent Technologies (A), Albemarle (ALB), Analog Devices (ADI), Avis Budget (CAR), Bausch Health (BHC), CVS Health (CVS), Garmin (GRMN), GoDaddy (GDDY), and Vipshop (VIPS) are also due.

Thursday, Feb. 21 is a jam-packed day of economic data. Up first are durable goods orders, as well as weekly jobless claims and the Philadelphia Fed business outlook survey. Markit's flash composite purchasing managers index (PMI), existing home sales, weekly crude inventories, and the Fed's balance sheet are also expected.

As if that's not enough, Atlanta Fed President Raphael Bostic will speak in the morning. Plus, Acacia Communications (ACIA), Applied Optoelectronics (AAOI), BioMarin Pharmaceutical (BMRN), Domino's Pizza (DPZ), Dropbox (DBX), First Solar (FSLR), Gogo (GOGO), Infinera (INFN), Intuit (INTU), Kraft Heinz (KHC), Newmont Mining (NEM), Roku (ROKU), Universal Display (OLED), and Wendy's (WEN) all step into the earnings confessional.

Fed speakers are all the rage on Friday, Feb. 22. New York Fed President John Williams, St. Louis Fed President James Bullard, Fed Vice Chair Richard Clarida, and Philadelphia Fed President Patrick Harker will all speak as part of the 2019 U.S. Monetary Policy Forum in New York. The Baker-Hughes rig count is also due out. AutoNation (AN), Cabot Oil & Gas (COG) and Wayfair (W) will report earnings.

 

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