Preview -- Barron's
Monday 9/14
Lennar (LEN) reports quarterly results.
Pfizer hosts a two-day virtual investor day to discuss its pipeline of drugs.
Tuesday 9/15
Adobe and FedEx (FDX) report earnings.
Kraft Heinz (KHC) hosts a virtual investor day where senior management, including CEO
The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for September. Consensus estimate is for a 7.5 reading, up from August's 3.7.
The Bureau of Labor Statistics reports export and import prices for August. Economists forecast a 0.4% month-over- month rise in export prices, compared with a 0.8% gain in July. Import prices are seen jumping 0.6%, a shade below July's 0.7% spike. In recent months, the rise in import prices has been primarily driven by higher fuel prices.
Wednesday 9/16
The National Association of Home Builders releases its NAHB/Wells Housing Market Index for September. Expectations
are for a 78 reading, even with the August figure. The August reading matched the
The Census Bureau reports retail sales for August. Consumer spending is expected to rise by 1.3% month over month. Excluding autos, estimates call for a 1.5% gain. This compares with jumps of 1.2% and 1.9%, respectively, in July.
Thursday 9/17
The Census Bureau reports residential construction data for August. Consensus estimate is for a seasonally adjusted annual rate of 1.44 million housing starts of privately owned homes, down from 1.5 million in July. Like much of the real estate market, housing starts have rebounded strongly from their pandemic low of 934,000 in April.
The Department of Labor reports initial jobless claims for the week ending on
Friday 9/18
The University of Michigan releases its Consumer Sentiment Index for September. Economists forecast a 75.5 reading, slightly ahead of August's 74.1.
The Conference Board releases its Leading Economic Index for August. Expectations are for a 1.3% gain, roughly even with the previous month. The LEI has risen for three consecutive months, but the pace of change has slowed, suggesting that the postpandemic recovery is losing steam.
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