The Week Ahead: September 16-20

Author

Adara LePage
September 15, 2024

The Week Ahead: September 16-20


Get ready, traders! September's FOMC meeting is here at last, but that's just the start. This week, brace for retail sales, building permits, and earnings fireworks from FedEx and Lennar. We’ll also get updates from companies like Snap Inc. and CrowdStrike with a slew of investor events on watch. Dive into the Week Ahead with us!

🔸 MONDAY: Biotech Names on Watch

  • Economic Data:

    • NY Empire State manufacturing index for September at 8:30 AM

    • 3-month and 6-month bill auctions at 11:30 AM

  • Company Events:

    • AstraZeneca, Bristol-Myers Squibb, Johnson & Johnson, and Merck are slated to attend the 2024 European Society for Medical Oncology event.

(AZN, BMY, JNJ, MRK)

🔸 TUESDAY: Retail Sales and Business Inventories Data

  • Economic Data:

    • Retail sales data for August at 8:30 AM

    • Month-over-month change in industrial production for August at 9:15 AM

    • Business inventory data and NAHB housing market index at 10 AM

    • 3-year note auction at 1 PM

  • Company Events:

    • Cisco, Affirm, and Birkenstock are among the companies set to attend JP Morgan’s US All Stars Conference.

    • Electronic Arts is hosting its investor day.

    • Snap Inc. is hosting its annual Snap Partner Summit.

  • Earnings: HVAC distributor Ferguson is scheduled to report before the bell.

(CSCO, AFRM, BIRK, EA, SNAP, FERG)

🔸 WEDNESDAY: FOMC Rate Decision @ 2:00 PM ET

  • Key Event: The September FOMC meeting will culminate with the Fed’s rate decision at 2 PM ET, followed by comments from Fed Chair Jerome Powell at 2:30 PM. The Fed is widely expected to cut rates by at least 25 basis points.

  • Economic Updates:

    • Housing starts and preliminary building permits for August at 8:30 AM

    • Net long-term treasury international capital flows at 4 PM

  • Company Events:

    • CrowdStrike is holding an investor briefing at 2 PM.

    • Snap Inc. is hosting its annual Lens Fest.

    • HubSpot is hosting an analyst day.

  • Earnings: General Mills is set to report before the bell.

(CRWD, SNAP, HUBS, GIS)

🔸 THURSDAY: FDX and LEN Earnings After the Bell

  • Premarket Earnings: Expect reports from restaurant brands Cracker Barrel and Darden Restaurants before the bell.

  • Economic Data:

    • US current account for Q2 2024, Philly Fed manufacturing index, and initial and continued jobless claims at 8:30 AM

    • Existing home sales for July at 10 AM

    • 10-year TIPS auction at 1 PM

  • After-Hours Earnings: Both FedEx and Lennar are reporting after the bell.

(CBRL, DRI, FDX, LEN)

🔸 FRIDAY: Oil Data

  • Economic Data:

    • Baker Hughes rig counts at 1 PM

Why Watch Our Video?

  1. Comprehensive coverage of the week's most important market events.

  2. Expert analysis to help you prepare your trading strategy.

  3. Timely information on potential market movers.

Don’t navigate this crucial week alone! Watch "The Week Ahead" now and arm yourself with the knowledge you need to make informed trading decisions.

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Stay informed and get ahead of the market with our detailed breakdown of The Week Ahead. Don't miss out - watch the full video here!