Retail Giants, Fed Speakers Headline Busy Week

By Patrick Martin / November 08, 2018 / www.schaeffersresearch.com / Article Link

Financial-ResultsFed Chair Jerome Powell will speak on Wednesday

Following a hectic run of Election Day results and a Fed meeting, the economic calendar next week doesn't take much of a breather. There is plenty on tap to whet investors' appetites, including more remarks from Fed Chair Jerome Powell, additional speeches from Fed presidents, and a full earnings slate.

Several notables are poised to step into the earnings confessional, including Dow names Cisco Systems (CSCO), Home Depot (HD), and Walmart (WMT). Weed stocks like Canopy Growth (CGC) will also get their turn in the sun.

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, Nov. 12, U.S. banks will be closed for Veterans Day, and there are no major data points set for release. Eventbrite (EB) and Veritone (VERI) will report earnings.

Tuesday, Nov. 13, will feature the NFIB small business optimism index and the Treasury budget. Earnings season picks back up with a slew of quarterly reports, including from Home Depot, Advance Auto Parts (AAP), Switch (SWCH), Tilray (TLRY), and Tyson Foods (TSN).

The consumer price index (CPI) will headline Wednesday, Nov. 14, with the MBA mortgage index also slated for release. Powell and Dallas Fed President Robert Kaplan will speak at 5 p.m. ET, and Fed Vice Chair Randal Quarles and is scheduled to speak in the morning.

Dow name Cisco Systems will step into the earnings confessional, as will retail giant Macy's (M), Canopy Growth, Blue Apron (APRN), NetApp (NTAP), Vipshop (VIPS), and Williams-Sonoma (WSM).

Quarles will speak again on Thursday, Nov. 15, as will Minneapolis Fed President Neel Kashkari. Weekly jobless claims, the Philadelphia Fed business outlook survey, monthly retail sales, and the Empire State manufacturing survey will be released. There will also be data on the latest import and export prices, business inventories, and the Fed's balance sheet. The holiday-delayed crude inventories report will also hit the Street.

On the earnings front, Walmart, Nvidia (NVDA), Applied Materials (AMAT), Canadian Solar (CSIQ), Datawatch (DWCH), J C Penney (JCP), Nordstrom (JWN), and Sonos (SONO) will all report.

The week will end with industrial production data, Treasury International Capital (TIC), and the Baker-Hughes rig count on Friday, Nov. 16. Chicago Fed President Charles Evans will speak in the morning. Viacom (VIAB) will be the last notable earnings report of the week.