Preview -- Barron's
September 18 2020 - 9:00PM
Dow Jones News
Monday 9/21
The Federal Reserve releases its second-quarter Financial
Accounts of the U.S., which details household and nonprofit balance
sheets and changes in net worth, among other data. In the first
quarter, household net worth fell by $6.5 trillion, to $110.8
trillion, led by a huge decline in the value of stock holdings as
the S&P 500 index fell 20%.
The Federal Reserve Bank of Chicago releases its National
Activity Index for August. Consensus estimate is for a 1.2 reading,
even with the July figure. The index has had three consecutive
positive monthly readings after hitting a record low of negative
17.91 in April.
Tuesday 9/22
AutoZone and Nike report earnings.
The National Association of Realtors reports existing-home sales
for August. Economists forecast a seasonally adjusted annual rate
of 5.88 million homes sold, a tick above July's 5.86 million. July
saw a 24.7% month-over-month jump in total existing-home sales, a
record high, and median home prices topped $300,000 for the first
time, according to the NAR.
Wednesday 9/23
Cintas and General Mills report quarterly results.
Intuit hosts a virtual investor day with senior management,
including CEO Sasan Goodarzi.
IHS Markit releases its composite Purchasing Managers' Index for
September. Expectations are for a 54 reading, just behind the
August level. The manufacturing and services PMI components are
seen clocking in at 52.8 and 54.6, respectively. Both figures are
slightly below the August data.
The Federal Housing Finance Agency releases its Home Price Index
for July. In the June-quarter report, the FHFA data showed home
prices increasing 5.4% year over year, led by Western states.
Idaho, Arizona, Washington, and Utah were the best markets, all
with annual price appreciation of more than 8%.
Thursday 9/24
Accenture , CarMax , Costco Wholesale , and Darden Restaurants
host conference calls to discuss earnings.
The Census Bureau reports new-home sales for August. Consensus
estimate is for a seasonally adjusted annual rate of 860,000 homes
sold, below July's 901,000. New-home sales in July reached their
highest levels since December 2006.
Friday 9/25
The Census Bureau releases the Durable Goods report for August.
Economists forecast a 1.2% month-over-month gain in new orders for
manufactured durable goods, to $233.5 billion. Excluding
transportation, new orders are seen rising 1.2%.
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(END) Dow Jones Newswires
September 18, 2020 21:45 ET (01:45 GMT)
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