Morning Market Roundup: New Home Sales, Nike, FedEx Earnings
- Posted on March 19, 2012 at 10:47am by
Becket Adams
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Here’s what’s important in the financial world this morning:
In the week ahead, investors will have a rash of data about the housing market and earnings to gauge the current U.S. recovery. Earnings highlights include quarterly results from Oracle, FedEx Corp., Micron Technology Inc. and Nike.
Speeches from Federal Reserve officials will offer some insight on the economy.
The new market week will begin with Asian news. Corporate earnings from 2011 will come from Chinese companies including three of the country’s largest banks and its top insurer. Also from China and Japan will be the release of economic data.
Thursday will be a busy day with the release of the March HSBC Purchasing Managers’ Index and February preliminary trade balance (Japan).
Here’s a look at the numbers coming out of the U.S. this week.
Economic Data
Monday: Housing market index.
Tuesday: ICSG-Goldman store sales, Housing starts, Building permits and Redbook.
Wednesday: MBA purchase applications, Existing home sales and EIA petroleum status report.
Thursday: Jobless claims, Leading indicators, FHFA home prices and EIA natural gas report, Fed balance sheet and Money supply.
Friday: New home sales.
Fed Speak
Monday: New York Fed President William Dudley speech.
Friday: Opening remarks by Ben Bernanke at a Fed conference.
Saturday: Fed Vice Chair Janet Yellen moderates a panel of central banks.
Earnings
Monday:
Adobe Systems
Cache
Focus Media Holding
Gordmans Stores
Tuesday:
AAR
Cintas
DSW
FSI
JA Solar
Jabil Circuit
Jefferies Group
Krispy Kreme
Omnova Solutions
Oracle
SAIC
Tiffany
Wednesday:
Actuant
Clarcor
Discover Financial
Fred’s
General Mills
Herman Miller
Shoe Carnival
Sonic (NASDAQ:SONC)
Thursday:
Accenture
ConAgra
Dollar General
FedEx
G-III
GameStop
HIS
Lululemon
Met-Pro
Nike
Perry Ellis
Signet Jewelers
Steelcase
UTi Worldwide
Wet Seal
[Editor’s note the above is from a cross post that originally appeared on Wall St. Cheat Sheet.]
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williamguyz
Posted on March 20, 2012 at 6:46amIf you move and sell the home before you have recouped the costs, you won’t end up receiving a financial benefit from refinancing. Use our refinance calculator to help you decide. Check out 123 Refinance calculator to find your refi rates in seconds.
Report Post »Delores at CH WV
Posted on March 19, 2012 at 1:08pmWay to many words to read, especially because they are made up data. Really, does anyone believe anything coming from our government, especially that arm called the Federal Reserve?
How could any of this information be for the common man/woman? Really, don’t waste your time listening to these false facts. Your brain needs a rest. This is only for the elities that play with money because they are so bored with life, like Obama, Wall Street, Labor and Business’ CEOs!
Report Post »seeker9
Posted on March 19, 2012 at 4:40pmThe data is for any one who has an interest. It carries weight whether made up or not. I have an interest because I invest in the market. I certainly do not consider myself an elitist.
Report Post »lukerw
Posted on March 19, 2012 at 8:07pm@SEEKER…
Report Post »You are operating upon the Ritual of a Gaming Philosophy… attempt to project Omens from the Results of previous Offerings!
TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
Posted on March 19, 2012 at 10:55amSend your business FedEx’s way. With the exception of the Pilots… non-union. Fred Smith Founder, Chairman, President and CEO… former Marine Officer, ‘Nam Vet, a great Conservative and jobs provider to hundreds of thousands.
Report Post »TheObamanation
Posted on March 19, 2012 at 12:31pmThere is a big difference between government union workers and private industry union workers. Private industry union workers negotiate a contract with the employer … when both sides agree on a package … they both sign the contract. With government union workers … the taxpayer pays the salary … the workers are bargaining for their contract … then once signed they pay back through dues the very politicians that they signed a contract with. Our tax dollars are being paid to keep democrats in office.
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