Busy Week Ahead With Crude Oil Data, Packed Earnings Docket

New home sales data is also worth keeping an eye on

Digital Content Manager

Sep 17, 2020 at 1:57 PM

Not only is the earnings docket packed to the brim next week, it is accompanied by a slew of economic data that is sure to keep investors busy. Though the week will initially kick off at a relatively mild pace, it will heat up quickly with existing home sales, crude oil inventory and mortgage reports. Investors will also be expecting manufacturing, sales growth, and core durable goods orders data. Several big companies will step into the limelight as well, with Nike (NKE), General Mills (GIS) and Costco (COST) expected to report earnings.

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.

The week will start off slow on Monday, September 21 with a monthly report from the Chicago national activity index. There are no notable earnings reports due out that day.

The pace will pick up on Tuesday, September 22, with the existing home sales report, as well at the American Petroleum Institute's (API) crude oil inventory report. Investors will also be expecting Redbook's sales growth update and new manufacturing data. The earnings docket features AutoZone (AZO), KB Home (KBH), NKE, and Stitch Fix (SFIX).

The frenzy will extend into Wednesday, September 23, with more crude oil inventory data expected to roll in, as well as the Purchasing Managers' Index (PMI) results. In addition, the Mortgage Bankers Association of America (MBA) will come out with a report. GIS and JinkoSolar (JKS) will all report earnings.

Thursday, September 24, will be all about new home sales data and weekly jobless claims. Earnings from Accenture (ACN), BlackBerry (BB), CarMax (KMX), COST, Darden Restaurants (DRI), and Rite Aid (RAD) are due out.

And lastly on Friday, September 25, attention will shift to orders data for core durable goods. Earnings from Carnival (CCL) are on tap.

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