GDP, Nike Earnings Try to Wrestle Spotlight From COVID-19

A fourth-quarter GDP reading is due out on Thursday

Managing Editor
Mar 19, 2020 at 4:40 PM
facebook X logo linkedin

Even though life for Americans has ground to a halt amid the coronavirus outbreak, the economic agenda still has plenty to offer investors next week. The final fourth-quarter gross domestic product (GDP) reading will be the highlight, as well as earnings reports from the likes of Nike (NKE) and Micron Technology (MU). And if that's not enough, there's a slew of inflation-related data for Wall Street to sift through. 

Below is a brief list of some key market events and a few high-profile earnings releases 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, March. 23, traders will keep an eye on the Chicago Fed national activity index.

Due out on Tuesday, March 24 is data on new home sales, the Markit manufacturing Purchasing Managers' Index (PMI) and the Markit services PMI. Meanwhile, Nike, Carnival (CCL) and IHS Markit (INFO) will report earnings.

Wednesday, March 25, will bring weekly crude inventories, durable goods orders, and core capital orders. On the earnings docket for the day are reports from Micron Technology, Cronos Group (CRON), and Paychex (PAYX).

Thursday, March 26, will deliver weekly jobless claims and the final fourth-quarter GDP reading. BlackBerry (BBY), Canadian Solar (CSIQ), GameStop (GME), KB Home (KBH), Lululemon Athletica (LULU), and Signet Jewelers (SIG) will all step into the earnings confessional. 

The week ends on Friday, March 27 with data on personal income, consumer spending, core inflation, and the University of Michigan's consumer sentiment survey.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI