The Week Ahead Sees The Federal Reserve Announce Another Rate Hike
The S&P 100 and Dow Jones Industrial Average were higher for the week while the NASDAQ 100 and Russell 2000 were lower. The Big Picture [monthly bias] for the NASDAQ 100, the Dow Jones Industrial Average, Russell 2000 and the S&P 100 remain positive.
1.Geopolitical and Fiscal Events. Wednesday sees the Federal Reserve Open Market Committee (FOMC) out with its latest update and expect a rate increase. 2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as consumer confidence, new home sales, durable goods, Q3 GDP, personal income and University of Michigan Consumer Sentiment.
3.Earnings Releases. Notable releases this upcoming week include NKE CTAS INFO FDS KMX BBBY CAN CCL MTN BB.
Monday, September 24
None of note.
Tuesday, September 25
September Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 131 from 133.40.
The latest NYSE and NASDAQ short interest data is due out after the close and covers the period from August 29th through September 12th. During this period, the S&P 500 fell -0.86%.
Wednesday, September 26
August New Home Sales is due out at 10:00 a.m. EDT and is expected to rise to 630,000 from 627,000.
The Federal Reserve Open Market Committee (FOMC) is out with their latest announcement with interest rate update and a rate increase is expected.
Thursday, September 27
August Durable Goods is due out at 8:30 a.m. EDT and is expected to rise to 1.80% from -1.70%.
GDP Q2 (third estimate) is due out at 8:30 a.m. EDT and is expected to rise to 4.3% from 4.20%.
Friday, September 28
August Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.4% from 0.3%.
University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 100.50 from 100.80.
Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!
Superstock Investor Newsletter
Published once a month. Get the big picture, what happened last month and predictions for the month ahead.
Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:
Get access to information from publications like:
Not a Subscriber?
Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..