Wall Street Breakfast: The Week Ahead

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Wall Street Breakfast: The Week Ahead
Wall Street Breakfast: The Week Ahead

A rough second quarter in the market will come to an end next week, but not before big earnings reports from Nike (NYSE:NKE) and Micron (NASDAQ:MU) land on the laps of investors.

 

 

The economic calendar includes updates on durable goods orders on June 27, home prices on June 28, GDP on June 29, PMI on June 30, and construction spending on July 1. Near the end of the week, oil traders will be watching the OPEC+ meeting to see if the plan is to proceed with the targeted August oil production increase against a backdrop of high prices and limited spare capacity for some members.

 

 

Also watch for news out of Hewlett Packard Enterprise Company (NYSE:HPE) with the company holding its three-day edge-to-cloud HPE Discover conference. A big stock split at Shopify (SHOP) and the mad rush at Tesla (TSLA) to generate late-quarter deliveries will also capture attention.

 

 

Those events all fall in front of a three-day holiday and with firms like JPMorgan noting that portfolio managers will be rebalancing ahead of Q3 and potentially buying more stocks in order to keep their asset mix at the expected levels.