Global Events/Earnings 9/16 to 9/20
Three key housing reports are to be released this week: September homebuilder confidence on Tuesday, and August housing starts and August Existing Home sales, both on Wednesday.
*Always Possible Errors
**Global Events and Earnings
Earnings Preview:
Monday: LDK
Tuesday: FDX, MANU, and SHF
Wednesday: ASNA, AZO, CBRL, GIS, AIR, ADBE, APOG, BBBY, CLC, MLHR, and SCS.
Thursday: KMX, CAG, IHS, JEF, MCS, RAD, SCHL, CTAS, ORCL, and TIBX.
Friday: DRI and KBH.
**Key reports:
Tue<> FedEx FDX est $1.41
Wed<> AutoZone AZO est $8.41, General Mills GIS est .62, Adobe ADBE est .47, BedBath BBBY est $1.02
Thu<> Oracle ORCL est .53, Tibco TIBX est .20, Conagra CAG est .30, Jefferies JEF est .31, RiteAid RAD -.07 vs -.12 possible short squeeze with beat
Fri<> Darden Restaurants DRI est .84, KB Homes KBH -.15
**Monday, September 17
US Economics (Time Zone: EDT)
08:30 Empire Manufacturing – consensus -2.0, prior -5.85
11:00 Fed to buy $4.5b-$5.5b notes in 8 to 10-year range
11:00 Fed to sell $7b-$8b in 2 to 3-year notes
11:30 Treasury to sell $32b 3-month, $28b 6-month bills
Global Economics (Time Zone: GMT)
13:00 CAD Existing Home Sales
13:00 France to sell EU6.8b in bills
Earnings
LDK
**Tuesday, September 18
US Economics (Time Zone: EDT)
08:30 Current Account Balance - $125.9B, prior -$137.3B
09:00 Total Net TIC Flows – prior $16.7B
09:00 Net Long-term TIC Flows – prior $9.3B
10:00 NAHB Housing Market Index – consensus 38, prior 37
11:00 Fed purchasing $4.25b-5b bonds in 6 to 8-year range
11:30 U.S. to sell 4-week bills, $35b in 52-week bills
Global Economics (Time Zone: GMT)
01:30 CNY China August Property Prices
01:30 AUD RBA minutes
05:45 CHF SECO September Econ Forecasts
08:30 GBP CPI
08:30 GBP Core CPI
08:30 GBP Retail Price Index
09:00 EUR German ZEW Survey
8:30 Spain to sell 12-mo, 18-mo bills
Earnings
Before:
FedEx (FDX) EPS $1.41
**Wednesday, September 19
US Economics (Time Zone: EDT)
07:00 MBA Mortgage Purchase Index
08:30 Housing Starts – consensus 765K, prior 746K
08:30 Building Permits – consensus 795K, prior 812K
10:00 Existing Home Sales – consensus 4.55M, prior 4.47M
11:00 Fed to buy $1.5b-$2b in 2-year notes
Global Economics (Time Zone: GMT)
JPY BoJ Rate Decision
05:00 JPY Leading Index
08:30 GBP BoE Minutes
09:00 CHF ZEW Survey
22:45 NZD GDP
10:30 Germany to sell EU5b in 2-year notes
Earnings
Before:
General Mills (GIS) EPS 63c
AutoZone (AZO) EPS $8.41
Bed Bath & Beyond (BBBY) EPS $1.02
After:
Adobe (ADBE) EPS 59c
**Thursday, September 20
US Economics (Time Zone: EDT)
08:30 Initial Jobless Claims – consensus 370K, prior 365K
08:30 Continuing Claims – consensus 3311K, prior 3322K
08:58 Markit US PMI Preliminary – consensus 51.3
10:00 Philly Fed – consensus -3.8, prior -7.1
10:00 Leading Indicators – consensus -0.1%, prior 0.4%
11:00 Fed to sell $7b-$8b notes in 3-year range
1:00 Treasury selling $13b 10-yr TIPS (reopening)
Global Economics (Time Zone: GMT)
02:30 CNY HSBC Manufacturing PMI
04:30 JPY All Industry Activity Index
05:00 JPY BoJ Monthly Economic Report
06:00 EUR German PPI
06:00 CHF Trade Balance
07:15 CHF Industrial Production
07:30 EUR German PMI
08:00 EUR Eurozone PMI
08:30 GBP Retail Sales
14:00 EUR Eurozone Consumer Confidence
8:30 Spain to sell bonds
Earnings
Before:
Conagra (CAG) est .30
Jefferies (JEF) EPS 31c
CarMax (KMX) EPS 51c
Rite Aid (RAD) EPS -7c vs -12c
After
Oracle (ORCL) EPS 53c
**Friday, September 21
US Economics (Time Zone: EDT)
No major reports
11:00 Fed to buy $1.5b-$2b bonds in 10 to 20-year range
Global Economics (Time Zone: GMT)
03:00 NZD Credit Card Spending
08:30 GBP Public Finances
12:30 CAD CPI
Earnings
Darden (DRI)
KB Homes (KBH)
