It’s a relatively light week on the earnings calendar, before third-quarter earnings season picks up later this month.
report on Monday, followed by
Lamb Weston Holdings
goes on Wednesday and Domino’s Pizza reports on Thursday.
On Tuesday, Federal Reserve Chair Jerome Powell will speak before the National Association for Business Economics’ annual meeting. Minutes from the Fed’s interest rate-setting committee’s latest meeting will be released on Wednesday.
Economic data out this week includes the Institute for Supply Management’s Services Purchasing Managers’ Index for September on Monday and the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey for August on Tuesday. On Wednesday, the Fed reports consumer credit data for August. And Thursday will bring weekly initial jobless claims from the Department of Labor.
Cisco Systems and Nvidia hold analyst events.
Vontier holds a virtual investor conference ahead of its spin-off from Fortive. Vontier, an industrial firm focused on transportation and mobility solutions, is expected to begin regular trading on the NYSE under the ticker VNT on Oct. 9.
The Institute for Supply Management releases its Services Purchasing Managers’ Index for September. Consensus estimate is for a 56.1 reading, slightly below the August figure.
Fed Chairman Jerome Powell gives the keynote address at the 62nd annual National Association of Business Economics meeting. The theme of the virtual conference is “Global Reset? Economics, Business, and Policy in the Pandemic.”
Levi Strauss and Paychex report earnings.
and Ball hold virtual Investor Days. Alexion management will discuss its pipeline, while Ball executives will review trends in their industry, aluminum packaging and aerospace technologies.
The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey for August. Economists forecast 6.25 million job openings on the last business day of August, down from 6.62 million in July.
The Census Bureau reports the trade deficit for August. Expectations are for a $66.6 billion trade deficit, similar to the July data.
Lamb Weston Holdings reports first-quarter fiscal 2021 results.
reports September sales data.
The Federal Open Market Committee releases minutes from its monetary policy meeting in mid-September.
The Federal Reserve reports consumer credit data for August. Total outstanding consumer debt is expected to rise by $14 billion to an estimated $4.14 trillion. After a lockdown-induced hiatus in the spring, consumer debt has risen for three consecutive months and is now just shy of the all-time high of $4.2 trillion set in February 2020.
Domino’s Pizza holds a conference call to discuss third-quarter earnings.
Maxim Integrated Products
hold shareholder meetings to seek approval for their proposed merger, first announced in July. Analog Devices is expected to purchase all outstanding shares of Maxim in an all-stock transaction that values the combined enterprise at $68 billion.
The Department of Labor reports initial jobless claims for the week ending Oct. 3. Weekly jobless claims averaged 867,250 in September, the lowest since February.
hosts a virtual ESG Investor Day.
Write to Nicholas Jasinski at [email protected]