Wall Street Awaits WWDC, Payrolls, Beyond Meat Earnings

Apple's developer conference will kick off on Monday, June 3

Digital Content Manager
May 30, 2019 at 1:29 PM
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The U.S.-China trade war could remain in focus next week, with China's retaliatory tariffs on $60 billion in U.S. goods slated to take effect on Saturday, June 1. Meanwhile, next week's potentially market-moving events will also include May's highly anticipated nonfarm payrolls, as well as Apple's (AAPL) Worldwide Developers Conference (WWDC). While earnings season is winding down, the highly anticipated debut earnings from Beyond Meat (BYND) will be unveiled, as well as earnings from retailers GameStop (GME) and Guess? (GES).   

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 3, traders will mull over the Markit purchasing manager's index (PMI), the Institute for Supply Management's (ISM) manufacturing index, and construction spending data. Ascena Retail Group (ASNA) and Box (BOX) will release their earnings reports, and Apple stock could move as the iPhone maker's WWDC kicks off, with the keynote slated for 1 p.m. ET. 

New York Fed President John Williams will speak on Tuesday, June 4, and data on motor vehicle sales and factory orders will be out. Ambarella (AMBA), Cracker Barrel (CBRL), GameStop (GME), Lands' End (LE), Salesforce (CRM), and Tiffany (TIF) will all step into the earnings confessional. 

On Wednesday, June 5, Atlanta Fed President Raphael Bostic will speak. Elsewhere, Wall Street will digest the ADP employment report, weekly crude inventories data, the ISM non-manufacturing index, and the Fed's Beige Book. Quarterly earnings reports are expected from American Eagle (AEO), Campbell Soup (CPB), Five Below (FIVE), and Stitch Fix (SFIX). 

A flurry of economic data is slated for Thursday, June 6, including  reports on international trade, weekly jobless claims, productivity and costs, and the Fed balance sheet. John Williams will speak once again, and several companies will reveal earnings, including Wall Street rookies Beyond Meat (BYND) and Zoom Video (ZM), as well as DocuSign (DOCU), Guess (GES), JM Smucker (SJM), Signet Jewelers (SIG), and Zumiez (ZUMZ). 

The week will end on Friday, June 7, with nonfarm payrolls for May on tap. There are no notable earnings scheduled.

 

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