This week we will see whether the 4 percent growth in GDP still holds when we get the preliminary figures on Thursday. More housing market data will be released, including New Home Sales on Monday and the Pending Home Sales Index on Friday.
Companies reporting earnings this week include a number of retailers, led by Best Buy on Tuesday. The electronics giant is expected to report earnings of 1 cent per share less than in the year-earlier quarter.
What follows are calendar highlights for the week. (All times are Eastern Daylight Time; forecasts by analysts/economists polled by Zacks Investment Research.)
Economic Reports
Monday, Aug. 25
New Home Sales, 10 a.m.
Dallas Fed Manufacturing Survey 10:30 a.m.
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Tuesday, Aug. 26
Durable Goods Orders, 8:30 a.m.
S&P Case-Shiller HPI, 9 a.m.
Consumer Confidence, 10 a.m.
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Wednesday, Aug. 20
EIA Petroleum Status Report, 10:30 a.m.
Thursday, Aug. 21
GDP, second-quarter preliminary figures, 8:30 a.m.
Jobless Claims, 8:30 a.m.
Pending Home Sales Index, 10 a.m.
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Friday, Aug. 29
Personal Income and Outlays, 8:30 a.m.
Chicago PMI, 9:45 a.m.
Consumer Sentiment 9:55 a.m.
Company Earnings Reports
Tuesday, Aug. 26
Best Buy Co., Inc. (Consensus estimate is 31 cents a share vs 32 cents in the year-earlier period)
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Wednesday, Aug. 27
Brown-Forman Corp. (73 cents a share vs 66 cents)
Guess?, Inc. (28 cents a share vs 52 cents)
Michaels Cos. Inc.
Tiffany & Co. (86 cents a share vs 83 cents)
Williams-Sonoma (53 cents vs 49 cents)
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Thursday, Aug. 28
Abercrombie & Fitch co. (10 cents a share vs 16 cents a share)
Coty Inc. (10 cents a share vs a loss of 5 cents a share)
Dollar General (83 cents a share vs 77 cents)
Friday, August 29
Big Lots, Inc. (30 cents a share vs 31 cents)
Best wishes,
The Money and Markets Team
