Kroger, Lennar, Accenture, Darden and Other Stocks to Watch This Week

On Tuesday, the Census Bureau will release retail sales data for May. On Friday, S&P Global will release manufacturing and services managers’ indexes for June.

Both the Bank of England and the Swiss National Bank will announce their monetary policy decisions on Thursday. The SNB is expected to follow the second quarter point cut after the March cut. The Bank of England is forecast to keep its target reference rate constant.

Monday 6/17

Lennar announces second-quarter fiscal 2024 results.

Tuesday 6/18

KB home page released its second-quarter fiscal 2024 financial results.

Census Bureau reports retail and food services sales for May. The consensus is for growth of 0.3% month-on-month to $707 billion. Retail sales in April remained stable compared to March. Excluding cars, retail sales are expected to grow by 0.2%, even compared to April figures.

Wednesday 6/19

Equity and fixed income markets are closed due to the National Independence Day in June.

National Association of Home Builders publishes the Housing Market Index for June. This is expected to be 45 readings, even in May.

Thursday 6/20

AccentureDarden Restaurants, Jabil
,

and Kroger hold conference calls to discuss quarterly results.

Bank of England and the Swiss National Bank both announce their monetary policy decisions.

Traders expect the Bank of England to leave its key short-term interest rate unchanged at 5.25%. Traders are pricing in a 75% chance that the Swiss National Bank will cut its key interest rate by a quarter of a percentage point to 1.25%. The SNB was the first major global central bank to cut interest rates this year, by a quarter of a percentage point in March.

Census Bureau provides new housing construction statistics for May. Economists forecast that the seasonally adjusted rate of housing investment starts will amount to 1.4 million people per year, 40 thousand more than more than in April.

Friday 6/11

CarMax and FactSet Research Systems announce earnings.

S&P Global publishes indexes of managers for production and purchases of services for June. The consensus assumes the manufacturing PMI reading at 50.7

and 54.8 for the Services PMI. For comparison, in May this indicator was 51.3 and 54.8, respectively.

National Association of Realtors reports sales of existing homes for May. The seasonally adjusted annual home sales rate is expected to be 4.1 million, roughly equal to April’s numbers.

Conference Council publishes the leading economic index for May. The consensus assumes a decline of 0.3% on a monthly basis, after a decline of 0.6% in April.

—Dan Lam contributed to this article

Write to Nicholas Jasinski at [email protected]