The week ahead: Fed minutes and Big Retailers earnings

Read the key events to monitor for the week which starts on May 17, 2021.  

 

Heading into next week, investors will see whether the market can continue its rally after tech and some growth names steadied and inflation fears subsided Thursday and Friday.

The Fed releases minutes from its last meeting Wednesday, and there are a number of central bank speakers. This is especially important after April’s consumer inflation was hotter than expected.

Big retailers, like Walmart and Home Depot, release earnings in the week ahead, and there is a batch of housing-related data.

 

WEEK AHEAD CALENDAR 

Monday

Earnings: Hostess Brands, Lordstown Motors, Tencent

Macro: US: Empire manufacturing, NAHB index, 

Monetary policy:
Fed Vice Chairman Richard Clarida at Atlanta Fed conference, Dallas Fed President Rob Kaplan


Tuesday

Earnings: Walmart, Home Depot, Macy’s, Baidu, Take-Two Interactive, Trip.com, NetEase

Macro:

US: Housing starts

Monetary policy:

Dallas Fed President Rob Kaplan


Wednesday

Earnings: Target, Lowe’s, JD.Com, Cisco, Shoe Carnival, TJX, Eagle Materials,  Analog Devices, L Brands

Monetary Policy:

St. Louis Fed President James Bullard on economy and monetary policy, FOMC minutes


Thursday

Earnings: BJ’s Wholesale, Kohl’s, Petco, Ralph Lauren, Applied Materials, Ross Stores, Deckers Outdoor, Hormel Foods, Palo Alto Networks

Macro:
US: Initial jobless claims, Philadelphia Fed, Leading indicators

Monetary Policy: St. Louis Fed’s Bullard, Dallas Fed’s Kaplan
Friday

Earnings: Deere, Foot Locker, Buckle, VF Corp, Booz Allen Hamilton

Macro

US: Markit Manufacturing PMI, Markit Services PMI, Existing home sales

Monetary Policy 

Dallas Fed’s Kaplan, Atlanta Fed’s Bostic, and Richmond Fed President Thomas Barkin on a panel, San Francisco Fed President Mary Daly

 

Source: CNBC, Investopedia 

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