Blue-chip earnings are on deck next week, while economic data is sparse
With 2021 in full swing, the third week of January will be relatively quiet on the economic-data front. Martin Luther King Jr. Day is on Monday, so the markets will be closed. Midweek, the National Association of Home Builders (NAHB) index will be overshadowed by President-elect Joe Biden's inauguration. Heading into Thursday and Friday, we'll see a slew of economic data released, including existing home sales.
Entering another earnings season, the docket of companies set to report is jam packed. Among the reporters waiting in the bullpen are a host of blue-chip names, including Coca-Cola (KO), Goldman Sachs (GS), IBM, (IBM), Intel (INTC), Procter & Gamble (PG), Travelers (TRV), and UnitedHealth (UNH). Other names worth mentioning on the calendar are Bank of America (BAC), Fifth Third (FITB), Netflix (NFLX), and United Air Lines (UAL).
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
The markets are closed on Monday, Jan. 18 in observance of Martin Luther King Jr. Day.
There is little to expect on Tuesday, Jan. 19, with no economic data set to be released.
Investors will be equal parts anxious and excited, as Wednesday, Jan. 20 marks President-elect Joe Biden's inauguration into the White House. In addition, the National Association of Home Builders (NAHB) index data will be reported.
Thursday, Jan. 21 comes with initial and continuing jobless claims, housing starts, building permits, and the latest Philadelphia Federal Reserve Manufacturing index.
To close out the week, Friday, Jan. 22 features the Markit manufacturing Purchasing Manager's Index (PMI), as well as Markit services PMI and existing home sales.