Next week will be the biggest week for news and earnings for this quarter.
In addition to the FOMC rate decision at 2 PM on Wedneday followed by the Fed Chair press conference, the US employment data will be released on Friday at 8:30 AM.
Also scheduled for release:
Tuesday:
- Australia CPI (9:30 PM ET on Tuesday night). Estimate 0.8% versus 0.9% last month. Year on year 2.1% versus 2.1% last month
Wednesday:
- ADP nonfarm payroll employment change. 8:15 AM ET. 75K vs -33K last month.
- Advance GDP 2Q: 8:30 AM ET. Estimate 2.5% versus -0.5% last quarter
- Bank of Canada rate decision. 9:45 AM ET. No change is expected at 2.75%
- FOMC rate decision. 2 PM ET. No change is expected at 4.5%
- Fed Chair press conference: 2:30 PM ET.
- Bank of Japan rate decision (variable) no change is expected
Thursday:
- BOJ press conference
- Canada GDP MOM. 8:30 AM ET. Estimate -0.1% versus -0.1% last month
- US Core PCE price index. 8:30 AM ET. Estimate +0.3% versus 0.2% last month
- US initial jobless claims. 8:30 AM ET. Estimate 220K vs 217K last month
Friday:
- US Non for payroll change. 8:30 AM ET. Estimate 103K vs 147K last month
- US unemployment rate 8:30 AM ET. Estimate 4.2% versus 4.1% last month.
- US average hourly earnings. 8:30 AM ET. Estimate 0.3% versus 0.2% last month.
- US ISM Manufacturing PMI. 10 AM ET. Estimate 49.5 versus 49.0 last month
As for earnings, four of the so-called Magnificent 7 will release with Meta, Microsoft, Apple, Amazon all scheduled to release. Other names include UnitedHealth, Boeing, Merck, Visa, Starbucks, MasterCard, Exxon and Chevron.
Below is a list of the key releases by day (and before or after the close).
Monday
After Close:
-
Waste Management (WM)
Tuesday
Before Open:
-
UnitedHealth Group (UNH)
-
PayPal (PYPL)
-
Boeing (BA)
-
UPS
-
Spotify (SPOT)
-
Merck (MRK)
-
Procter & Gamble (PG)
After Close:
-
Visa (V)
-
Starbucks (SBUX)
-
Seagate (STX)
-
Booking Holdings (BKNG)
-
The Cheesecake Factory (CAKE)
-
Whirlpool (WHR)
Wednesday
Before Open:
-
Altria (MO)
-
Teva (TEVA)
-
Kraft Heinz (KHC)
-
Humana (HUM)
-
Etsy (ETSY)
-
Hershey (HSY)
-
Harley-Davidson (HOG)
After Close:
-
Meta Platforms (META)
-
Microsoft (MSFT)
-
Robinhood (HOOD)
-
Carvana (CVNA)
-
Lam Research (LRCX)
-
Qualcomm (QCOM)
-
Ford (F)
-
ARM Holdings (ARM)
Thursday
Before Open:
-
CVS Health (CVS)
-
Roblox (RBLX)
-
Cigna (CI)
-
Mastercard (MA)
-
Bristol Myers Squibb (BMY)
After Close:
-
Apple (AAPL)
-
Amazon (AMZN)
-
Coinbase (COIN)
-
Reddit (RDDT)
Friday
Before Open:
-
ExxonMobil (XOM)
-
Chevron (CVX)
This article was written by Greg Michalowski at investinglive.com.