The Week Ahead: Fed’s Minutes, Existing Home Sales, and H-P’s Earnings
This week, investors will have an opportunity to parse through the Fed’s minutes from the July 31- Aug. 1 meeting to seek some transparency for the potential of additional easing from the central bank. They also wade through this week’s housing and manufacturing data for clues on the economy’s direction.
Earnings season is finishing up and will have less of an impact on stocks than prior weeks but look for reports from Dell (NASDAQ:DELL) and Hewlett-Packard (NYSE:HPQ) to provide some interesting news.
Over in Europe, leaders will return from vacation and go to the top of the conversation as they continue looking for ways to keep the Greek economy from imploding. This week, Greek Prime Minister Antonis Samaras will meet with President Jean-Claude Juncker of the European Council, German Chancellor Angela Merkel and French President François Hollande. Samaras will meet with Merkel to discuss his proposal to expand his country’s new austerity measures’ implementation for four years as opposed to the previously agreed upon two years.
Let’s take a look at the week ahead.
Wednesday: July existing home sales
Thursday: Weekly jobless claims, August Markit Flash PMI, July new home sales, June FHFA home price index
Friday: July durable goods orders
Wednesday: FOMC Meeting Minutes
Monday: Lowe’s (NYSE:LOW), Urban Outfitters (NASDAQ:URBN)
Tuesday: Dell (NASDAQ:DELL), Best Buy Co. (NYSE:BBY), Barnes & Noble Inc. (NYSE:BKS), Williams-Sonoma (NYSE:WSM), Medtronic (NYSE:MDT)
Wednesday: Hewlett-Packard (HWP), Toll Brothers (NYSE:TOL), Kayak Software (KYAK), Express (NYSE:EXPR), American Eagle Outfitters Inc. (NYSE:AEO), Eaton Vance (NYSE:EV), Guess Inc. (NYSE:GES), Pacific Sunwear of California Inc. (NASDAQ:PSUN)
Thursday: Salesforce.com (NYSE:CRM), Hormel (NYSE:HRL), Big Lots (NYSE:BIG), Autodesk (NASDAQ:ADSK), Mentor Graphics (NASDAQ:MENT)
Friday: Madison Square Garden (NASDAQ:MSG)
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