June Kicks Off With Slew of Economic Data

Dick's Sporting Goods and Zoom Video are among two names ready to report earnings

by Jake Scott

Published on May 28, 2020 at 11:00 AM
Updated on Jun 24, 2020 at 10:16 AM

June kicks off with an eventful week, stuffed to the brim with economic reports and earnings. The beginning of the week starts off slow, with Tuesday featuring motor vehicle sales, though the earnings docket is busy. And much like the previous weeks, investors will eagerly await Thursday's weekly jobless claims. Additionally, the beginning of June features reports on the trade deficit, productivity, and unit labor costs. Awaiting their turn in the earning confessional will be Dick's Sporting Goods (DKS), Zoom Video (ZM), American Eagle (AEO), and Tiffany & Co (TIF).

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.

Kicking off the new month, Monday, June 1 will bring the Markit manufacturing purchasing managers index (PMI), ISM manufacturing index, and construction spending report. Meanwhile, the earnings slate remains bare.

Tuesday, June 2 will slow down a bit, with motor vehicle sales will chiming in. Additionally,  Dick's Sporting Goods, GameStop (GME), Tiffany & Co, and Zoom Video will enter the earnings confessional. 

Picking the pace up considerably, Wednesday, June 3 features the ADP employment report, Markit services PMI, ISM nonmanufacturing index, and factory orders. American Eagle, Campbell Soup (CPB), Canada Goose (GOOS), G-III Apparel (GIII), and Verint Systems (VRNT) will all report earnings.

Thursday, June 4 features even more, with weekly jobless claims, trade deficit data, productivity, and unit labor costs. The packed day continues with earnings, including ones from Broadcom (AVGO), Ciena (CIEN), DocuSign (DOCU), Gap (GPS), and Slack (WORK).

Keeping on pace, Friday, June 5 is headlined by nonfarm payrolls, unemployment rate, and consumer credit. There are no notable earnings set to report.


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