Economic: NA.
Earnings: Jeffries (JEF). After Hours: Adobe (ADBE), Darden (DRI), Jabil (JBL) and Paychex (PAYX).
Tuesday:
Economic: NA.
Earnings: Two of the week's most closely-watched reports will likely prove to be cruise operator Carnival (CCL) in Tuesday's premarket and Nike (NKE) in the after hours session as the health of discretionary spending by consumers will be in the spotlight.
Analysts expect Carnival to post profit growth of 33% on earnings of $0.32 per share. Technically, shares faltered slightly last week but have continued to hold 50SMA support and maintain recent pivot lows as part of a weekly handle developing within a seven week long base off marginal intermediate highs.
For its part, athletics giant Nike is set to show profits of $0.88 per share and up from last year's $0.76. Technically speaking, shares have been trendy in beating the broader averages with YTD gains of about 40% to all-time-highs, up about 16% since its last report. NKE's positioning makes it prone to modest profit-taking on good results but at the same time, doesn't look overtly-extended and the $100 mark about 11% removed from current levels.
Other: CarMax (KMX), Commercial Metals (CMC), ConAgra (CAG). After Hours: Cintas (CTAS), Finish Line (FINL), Hovnanian (HOV), Red Hat (RHT), TIBCO (TIBX).
Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Q3 GDP 3rd (2.7%), Deflator (2.3%), Existing Homes (4.65M vs. prior 4.43M), FHFA Home Price Index (prior -0.7%).
Earnings: Lindsay (LNN), Walgreens (WAG). After Hours: Bed Bath & Beyond (BBBY), Christopher & Banks (CBK), Micron (MU).
Thursday:
Economic: Weekly Claims (424K, 4.07M), Inc & Spend (0.2% vs. prior 0.5% & 0.5% vs. 0.4%), PCE Core Prices (0.1% vs. prior 0.0%), Durable Orders (-1.0% vs. -3.3%; ex-trans 1.0% vs. -2.7%), Michigan (75.0 vs. 74.2), New Home Sales (303K vs. prior 283K).
Earnings: NA.
Friday: Christmas Holiday
Economic: NA.
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