First Full Week of 2020 Brings Fresh Dose of Earnings

Traders will also digest non-farm payrolls and the unemployment rate on Friday

by Lillian Currens

Published on Jan 2, 2020 at 4:15 PM
Updated on Jan 2, 2020 at 4:31 PM

Things are beginning to heat back up on the economic calendar and in the earnings arena, as the holidays come to a close and investors gear up for 2020. There's a slew of economic data on tap, with the ADP employment report, nonfarm payrolls, and several manufacturing updates all due. Several Fed leaders are also expected to give speeches  Thursday, while Walgreens Boots Alliance (WBA), Bed Bath & Beyond (BBBY), Constellation Brands (STZ), and KB Home (KBH) will make up some of the earnings docket.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

On Monday, Jan. 6, data on the Markit manufacturing Purchasing Managers’ Index (PMI) will roll out. For earnings, Cal-Maine Foods (CALM) will report.

Tuesday, Jan 7 will bring the Institute for Supply Management's (ISM) non-manufacturing index, weekly crude inventories, and factory orders. AngioDynamics (ANGO) will step into the earnings confessional. 

MBA mortgage applications and the latest ADP employment report are due Wednesday, Jan. 8, as well as data on consumer credit. It will be a busy day for earnings, too, with Walgreens Boots Alliance, BBBY, Constellation Brands, Helen of Troy (HELE), Lennar (LEN), and UniFirst (UNF) all set to roll out their quarterly reports. 

A number of central bank leaders will take the proverbial podium on Thursday, Jan. 9, including Fed Vice Chairman Richard Clarida, Chicago Fed President Charles Evans, and St. Louis Fed President James Bullard. Weekly jobless claims are also on the schedule, as well as earnings announcements from Acuity Brands (AYI), AZZ (AZZ), KB Home, Synnex (SNX), and WD-40 (WDFC). 

The week will end with a flurry of economic data on Friday, Jan. 10, including nonfarm payrolls, the unemployment rate, and wholesale inventories. Infosys (INFY) will post its quarterly report before markets open, as well. 


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