Attention will be focused on retail sales and weekly jobs data
The economic calendar is looking somewhat bare next week, though investors will definitely have their eyes on another weekly employment update on Thursday, as well as retail data earlier in the week -- two indicators that have helped gauge the economic environment as lockdown measures continue to ease in the U.S. Elsewhere, the Organization of the Petroleum Exporting Countries (OPEC) will also release its monthly report. As far as earnings go, there are just a few names to watch, including Carnival (CCL), CarMax (KMX), and Kroger (KR).
Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
Monday, June 15, will bring the Empire State manufacturing index and earnings from JinkoSolar (JKS).
On Tuesday, June 16 there will be data on retail sales, industrial production, and business inventories on tap, as well as the home builders' index. On the earnings docket for the day is Lennar (LEN) and Oracle (ORCL).
Housing starts and building permits are up on Wednesday, June 17, while Carnival will step into the earnings confessional. OPEC will also release its monthly report.
Weekly jobless claims will be closely watched on Thursday, June 18. The Philly Fed manufacturing index and May's leading economic indicators are also due out. Kroger and Smith & Wesson Brands (SWBI) will report earnings.
The economic calendar on Friday, June 19 will be relatively bare with CarMax set to post its quarterly report.