Nike Earnings, G-20 Meeting On Deck
Plus, GDP data is due next week
All eyes will be on the two-day G-20 summit meeting that begins on Friday, June 28, in in Osaka, Japan. After months of speculation, trade tensions, and new tariffs, President Donald Trump and Chinese President Xi Jinping will meet to discuss a trade deal.
But prior to the big geopolitical summit, there's plenty to keep investors occupied. There will be blue-chip earnings reports from Nike (NKE) and Walgreens Boots Alliance (WBA), as well as chip concern Micron (MU) and shipping giant FedEx (FDX). The latest gross domestic product (GDP) estimate will also be reported, as well as data on durable goods orders.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
On Monday, June 24, the week will kick off with the Dallas Fed manufacturing survey. There are no notable earnings.
Tuesday, June 25, will feature the S&P CoreLogic Case-Shiller home price index, new home sales, consumer confidence data, and remarks from St. Louis Fed President James Bullard. FedEx (FDX), Micron Technology (MU), AeroVironment (AVAV), and Lennar (LEN) will step into the earnings confessional.
Wednesday, June 26, is jam-packed with weekly crude inventories, data on MBA mortgage applications, and durable goods orders. International trade data is also on tap. Quarterly earnings reports are expected from BlackBerry (BB), General Mills (GIS), KB Home (KBH), and PayChex (PAYX).
The latest GDP data is slated for Thursday, June 27. There will also be weekly jobless claims, the pending home sales index, and the Fed balance sheet. On the earnings front, Nike (NKE), Walgreens Boots Alliance (WBA), Accenture (ACN), and Conagra Brands (CAG)will report.
It's a busy close to the week on Friday, June 28, with the G-20 summit kicking off. And in addition to data on personal income and outlays, the Chicago purchasing managers manufacturing index (PMI), the Baker-Hughes rig count, and more consumer sentiment data are all due out. Constellation Brands (STZ) and JinkoSolar (JKS) close out the week on the earnings front.