Fedspeak, Nike earnings, existing home sales: What to Watch
Yahoo Finance Live anchors Josh Lipton and Julie Hyman preview the top headlines to come for investors on Thursday, March 21, including earnings from companies like Nike (NKE) and FedEx (FDX), commentary from the Federal Reserve's Vice Chair for Supervision Michael Barr, and data prints on US existing home sales and PMI.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
JOSH LIPTON: Time now for what to watch. Thursday, March 21st starting out with the Fed after a big day for the Fed. We're getting more commentary tomorrow from Fed vice chair for Supervision Michael Barr. Central bank holding rates steady. And the new dot plot indicated that most members see three cuts in 2024.
JULIE HYMAN: And switching to earnings. We've got Accenture, Nike, FedEx, Lululemon, and Winnebago all reporting tomorrow. Nike announcing earnings for its fiscal third quarter after the bell.
The consensus estimate for adjusted earnings is $0.74 a share on revenue of $12.31 billion. The retail giant has been having a slow start to the year the shares down more than 8%.
JOSH LIPTON: And moving over to housing. New data on existing home sales due in the morning. That number expected to go down for February.
JULIE HYMAN: And finally, monthly PMI data for March coming out in the morning. Economists expecting both numbers for services and manufacturing to tick down slightly giving us more insight into economic activity in the United States.
