Home Census FedEx, Rivian, Lennar, Campbell Soup, Adobe and more stocks to watch this...

FedEx, Rivian, Lennar, Campbell Soup, Adobe and more stocks to watch this week

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The main event for investors this week will be the last meeting of the Federal Reserve’s rate-setting committee in 2021. Recent comments from officials have been more hawkish, setting up a potential announcement of plans to accelerate the monthly cut. asset purchases.

The two-day Federal Open Market Committee meeting takes place Tuesday and Wednesday.

Reports on this week’s earnings are few, but will include


Campbell Soup

Tuesday;


Lennar
,


Accenture
,


FedEx
,


Rivien

Automotive, and


Adobe

Thursday; and


Darden Restaurants

Friday.

Economic data released this week includes the Bureau of Labor Statistics Producer Price Index for November Tuesday. Economists expect a 0.55% month-over-month rise for the overall index and a 0.4% gain for the core PPI. These would both roughly match the pace of producer inflation in October.

Other data released includes the National Federation of Independent Business sentiment index on Tuesday, the Census Bureau’s November retail spending on Wednesday and November housing starts on Thursday.

Monday 13/12


J. Jill

and


PHX minerals

organize earnings conference calls.

Tuesday 14/12

Campbell Soup, Barnes Group and


Avaya Holdings

organize investor days.

The labor office The statistics release the producer price index for November. The consensus estimate is for a 0.55% month-over-month increase, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares to increases of 0.6% and 0.4%, respectively, in October.

The National Federation of Independent Businesses releases its index, which surveys about 5,000 small business owners across the country, for November. Expectations are for a reading of 98.3 from 98.2 in October.

Wednesday 15/12 /

The Federal Open Market Committee concludes its two-day meeting, during which policymakers will discuss accelerating the timeline for reducing monthly securities purchases.

BLS reports export and import price data for November. Export prices are expected to rise 0.5% month over month, while import prices are expected to increase 0.5%. This compares to gains of 1.5% and 1.2%, respectively, in October.

The national association of Home Builders releases its NAHB / Wells Fargo Housing Market Index for December. The consensus estimate is for a reading of 84, down from a reading of 83 in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.

The census office retail expense reports for November. Expectations are for a 0.7% month-over-month increase in seasonally adjusted retail sales, compared to a 1.7% increase in October. Excluding automobiles, spending should increase by 0.8%, compared to 1.7% in the previous period.

Thursday 16/12 /


Heico
,

Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are some of the companies that host earnings conference calls.

The census office releases its report on new residential construction for November. The seasonally adjusted annual housing starts rate is expected to stand at 1.563 million units, up from 1.52 million in October. A construction start is counted when the excavation of a house begins. Permits issued for the construction of new homes are expected to rise to 1.655 million, up from 1.653 million in October.

The Bank of England announces interest rate decision and publishes meeting minutes.

The Federal Reserve releases industrial production data for November. Economists are forecasting an increase of 0.6%, after rising 1.6% in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.

Friday 12/17


Steel case
,

Darden restaurants, and


Quanex construction products

organize earnings conference calls.

Write to Nicholas Jasinski at [email protected]


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