{"id":21867,"date":"2023-09-25T02:44:38","date_gmt":"2023-09-25T02:44:38","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/costco-nike-micron-carnival-and-more-stocks-to-watch-this-week\/"},"modified":"2023-09-25T02:44:39","modified_gmt":"2023-09-25T02:44:39","slug":"costco-nike-micron-carnival-and-more-stocks-to-watch-this-week","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=21867","title":{"rendered":"Costco, Nike, Micron, Carnival,\u00a0and More Stocks to Watch This Week"},"content":{"rendered":"
\n
\n

<\/p>\n

\n
<\/div>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

A handful of major corporate earnings reports, inflation data, and other economic statistics will be this week\u2019s highlights.<\/p>\n

On Tuesday,
\n Costco
\n Wholesale and
\n Cintas
\n release quarterly results, followed by
\n Micron Technology
\n on Wednesday.\u00a0
\n Accenture,<\/span><\/p>\n

CarMax,<\/span>
\n and
\n Nike
\n report on Thursday, then
\n Carnival
\n closes the week on Friday.\u00a0<\/p>\n

\n

The economic-data highlight of the week will be the personal-consumption expenditures price index for August on Friday, from the Bureau of Labor Statistics. The core PCE, which excludes food and energy components and is the Federal Reserve\u2019s preferred inflation gauge, is expected to be up 3.9% from a year ago.<\/p>\n

Other data to watch this week will include the Conference Board\u2019s Consumer Confidence Index for September on Tuesday, the Census Bureau\u2019s durable goods report for August on Wednesday, and the Bureau of Economic Analysis\u2019 third and final estimate of second-quarter gross domestic product growth on Thursday.<\/p>\n

Monday 9\/25<\/h2>\n

The Federal Reserve Bank of Chicago<\/strong> releases its National Activity Index for August. Consensus estimate is for a negative 0.03 reading following a 0.12 print in July. The index is designed to gauge overall economic activity. A zero value for the index correlates with the national economy expanding at its historical average; negative values with below-average growth; and positive values with above-average growth.\u00a0<\/p>\n

Tuesday 9\/26<\/h2>\n

Cintas and Costco Wholesale<\/strong> report quarterly results.<\/p>\n

The Census Bureau<\/strong> reports new residential sales data for August. Economists forecast a seasonally adjusted annual rate of 700,000 new single-family homes sold, 14,000 fewer than in July. The median sales price of new houses sold in July was $436,700, while the average sales price was $513,000.<\/p>\n

The Conference Board<\/strong> releases its Consumer Confidence Index for September. Expectations are for a 105 reading, slightly less than in August.<\/p>\n

Wednesday 9\/27<\/h2>\n

\n Jefferies Financial Group,<\/span>
\n Micron Technology, and
\n Paychex
\n release earnings.<\/p>\n

\n Generac Holdings
\n hosts its 2023 investor day.<\/p>\n

The Census Bureau<\/strong> releases the durable goods report for August. Economists forecast that new orders for durable manufactured goods will decline 0.4% month over month, after a 5.2% plunge in July. That was the first drop since February, and the steepest decrease since the early days of the pandemic in April 2020.<\/p>\n

Thursday 9\/28<\/h2>\n

Accenture, CarMax<\/strong>, and Nike hold conference calls to discuss quarterly results.<\/p>\n

\n Intuit
\n and
\n Philip Morris International
\n hold investor days.<\/p>\n

The Bureau of Economic Analysis<\/strong> releases its third and final estimate of gross domestic product growth for the second quarter. The consensus call is for GDP to have grown at a seasonally adjusted annual rate of 2.3%, two-tenths of a percentage point more than the BEA\u2019s second estimate released in late August.<\/p>\n

The National Association of Realtors<\/strong> releases its Pending Home Sales Index, a leading indicator of housing activity, for August. Economists forecast a 0.3% month-over-month gain, after a 0.9% increase in July.<\/p>\n

Friday 9\/29<\/h2>\n

Carnival <\/strong>announces third-quarter fiscal-2023 earnings.<\/p>\n

The Bureau of Labor Statistics<\/strong> releases the personal-consumption expenditures price index for August. Consensus estimate is for the PCE to increase 3.4% year over year, following a 3.3% gain in July. The core PCE, which excludes volatile food and energy prices, is expected to rise 3.9%, three-tenths of a percentage point less than previously. The core PCE is 1.2 percentage points below its postpandemic peak from February 2022, but still far too high for the Federal Reserve, which stressed that interest rates would likely remain higher for longer at the FOMC meeting this past week.<\/p>\n

The Institute for Supply Management <\/strong>releases its Chicago Business Barometer for September. Expectations are for a 47.4 reading, 1.3 points less than in August. The index has been below the expansionary level of 50 for 12 consecutive months.<\/p>\n

\u2014Dan Lam contributed to this article.<\/p>\n

Write to Nicholas Jasinski at nicholas.jasinski@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A handful of major corporate earnings reports, inflation data, and other economic statistics will be this week\u2019s highlights. On Tuesday, Costco Wholesale and Cintas release quarterly results, followed by Micron Technology on Wednesday.\u00a0 Accenture, CarMax, and Nike report on Thursday, then Carnival closes the week on Friday.\u00a0 The economic-data highlight of the week will be<\/p>\n","protected":false},"author":1,"featured_media":18448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-21867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nCostco, Nike, Micron, Carnival,\u00a0and More Stocks to Watch This Week | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"A handful of major corporate earnings reports, inflation data, and other economic statistics will be this week\u2019s highlights. 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