Two of Schaeffer's top picks for 2024 will report earnings, too
Next week brings a fresh batch of inflation data, which could play a role in the future of interest rates, following Federal Reserve Chair Jerome Powell's comments expressing hesitancy over implementing cuts. Additionally, traders will be keeping a close eye on manufacturing and retail sales data.
The earnings lineup features quarterly reports from Airbnb (ABNB), Biogen (BIIB), Chemours (CC), Cisco Systems (CSCO), CME Group (CME), Coca-Cola (KO), Coinbase Global (COIN), Crocs (CROX), Datadog (DDOG), DoorDash (DASH), DraftKings (DKNG), Dropbox (DBX), Hasbro (HAS), Lyft (LYFT), MGM Resorts (MGM), PENN Entertainment (PENN), Roku (ROKU), TripAdvisor (TRIP), and Twilio (TWLO).
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
The monthly U.S. federal budget is due out Monday, Feb. 12.
Tuesday, Feb. 13 features the consumer price index (CPI) and core CPI.
There is no economic data on tap for Wednesday, Feb. 14.
More jobs data comes out on Thursday, Feb. 15, in addition to the Empire State and Philadelphia manufacturing surveys, the import price index, as well as both industrial production and capacity utilization data. Plus, retail sales data and the home builder confidence index are also scheduled.
Friday, Feb. 16 brings housing starts and building permits, but most of the focus will be on the producer price index (PPI) and core PPI. Preliminary consumer sentiment data is on the docket as well.