Fellow Dow stocks CSCO and HD will also step up to the earnings plate
Global e-commerce giants and retailers will be in focus next week, with Wal-Mart Stores Inc (NYSE:WMT), Alibaba Group Holding Ltd (NYSE:BABA), and Target Corporation (NYSE:TGT) among the notable companies due to report earnings. In addition, blue-chip stocks Home Depot Inc (NYSE:HD) and Cisco Systems, Inc. (NASDAQ:CSCO) could move after earnings, and we'll hear from a couple more Fed members heading into the long weekend.
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.
The week kicks off on Monday, May 15, with the Empire State manufacturing survey. The NAHB housing market index and Treasury International Capital (TIC) data will be released also. Digital Ally (DGLY) and Trivago (TRVG) will report the first batch of earnings for the week.
On Tuesday, May 16, housing starts and the Fed’s industrial production update are due for release. Earnings reports from Home Depot (HD), Dick's Sporting Goods (DKS), Jack in the Box (JACK), SINA (SINA), Staples (SPLS), Stratasys (SSYS), TJX Companies (TJX), Urban Outfitters (URBN), and Weibo (WB) are due as well.
On Wednesday, May 17, the Energy Information Administration (EIA) will present the regularly scheduled update on crude inventories, while Cisco Systems (CSCO), American Eagle (AEO), L Brands (LB), and Target (TGT) report earnings.
Thursday, May 18, will mark a busy day, as weekly jobless claims and the Philadelphia Fed business outlook survey are slated for release. Cleveland Fed President Loretta Mester will speak in the afternoon. On the earnings front, Wal-Mart (WMT), Alibaba (BABA), Gap (GPS), New York & Co. (NWY), Perry Ellis (PERY), Ralph Lauren (RL), Ross Stores (ROST), and Salesforce.com (CRM) will report.
To close out the week, on Friday, May 19, St. Louis Fed President James Bullard will speak in the morning. Campbell Soup (CPB), Deere (DE), and Foot Locker (FL) will wrap up the week’s earnings reports.