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U.S Economic reports in the week ahead

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The political showdown over the government debt ceiling is likely to ramp up next week. While U.S. government shutdowns or debt ceiling battles in the past have had no consistent impact on the S&P 500 Index itself, certain stocks are sensitive to the heightened focus on government spending and underperformed during debt limit showdowns. With that in mind, the list of companies deriving more than 95% of their income from government contracts includes Huntington Ingalls Industries (NYSE:HII), Mercury Systems (NASDAQ:MRCY), Lockheed Martin (NYSE:LMT), Oak Street Health (NYSE:OSH), Northrop Grumman (NYSE:NOC), Science Applications International Corp. (NYSE:SAIC), Booz Allen Hamilton Holding (NYSE:BAH) and CACI International (NYSE:CACI). Outside of the DC drama, economic reports of note due out include updates on durable orders, consumer confidence, pending home sales, GDP and construction spending. Corporate events to watch include a key earnings report from Micron (NASDAQ:MU), a hardware event for Amazon (NASDAQ:AMZN) and a timely investor conference for TotalEnergies (NYSE:TTE).

Earnings

 

 

Earnings spotlight: Monday, September 27th: Jefferies (NYSE:JEF) and Aurora Cannabis (NASDAQ:ACB).

Earnings spotlight: Tuesday, September 28th: United Natural Foods (NYSE:UNFI), IHS Markit (IHS) and Micron (MU).

Earnings spotlight: Wednesday, September 29th: Jabil (NYSE:JBL) and Cintas (NASDAQ:CTAS).

Earnings spotlight: Thursday, September 30th: CarMax (NYSE:KMX), Bed Bath & Beyond (NASDAQ:BBBY), McCormick (NYSE:MKC) and New Oriental Education & Technology (NYSE:EDU).

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