MKC McCormick and Co

Monday 6/26

Carnival reports second-quarter fiscal-2023 results.

Tuesday 6/27

Jefferies Financial Group and Walgreens Boots Alliance announce earnings.

Delta Air Lines holds its 2023 investor day.

The Census Bureau releases the durable goods report for May. Economists forecast that new orders for manufactured durable goods declined 1% from April to $280 billion.

The Census Bureau reports new-home sales data for May. Consensus estimate is for a seasonally adjusted annual rate of 659,000 new single-family homes sold, 24,000 fewer than in April. The median sales price was $420,800 in April, 15.3% less than the record high of nearly $500,000 from last October.

Wednesday 6/28

General Mills releases fourth-quarter fiscal-2023 results.

The Federal Reserve releases the results of its annual stress test of the nation's largest lenders. The test is a key factor in determining how much banks can return to shareholders via stock buybacks and dividends as it sets the capital cushion that banks must maintain to withstand a series of market and economic shocks. Banks with $100 billion or more in assets are subject to the stress test, with larger banks required to participate annually, and banks with $100 to $250 billion in assets required to participate every other year.

Thursday 6/29

McCormick, Nike, and Paychex host conference calls to discuss earnings.

The Bureau of Economic Analysis releases its third and final estimate of gross-domestic-product growth for the first quarter. Expectations are for GDP to have increased at an annual rate of 1.4%, a tenth of a percentage point more than the BEA's second estimate from late May.

Friday 6/30

Constellation Brands reports first-quarter fiscal-2024 earnings.

The BEA reports personal income and expenditures for May. The consensus call is for income to rise 0.4% month over month, matching the April data. Spending is seen increasing 0.3%, following a 0.8% gain in April. The Federal Reserve's favored inflation gauge, the core personal-consumption expenditures price index, is expected to increase 4.7% year over year, unchanged from April.

The Institute for Supply Management releases the Chicago Business Barometer for June. Economists forecast a 44.2 reading, almost four points more than in May. The index has had nine consecutive readings below the expansionary level of 50.

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(END) Dow Jones Newswires

June 24, 2023 18:01 ET (22:01 GMT)

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