GM, PPI, and Housing Starts are what to watch for tomorrow

Thursday February 16 is another busy day in terms of corporate earnings and economic reports. On the economic reports front, tomorrow will see the release of Housing, Jobs, and Inflation related reports. On the corporate front, more than 130 companies will report with General Motors (NYSE:GM) being the mostly widely anticipated.

 

Economic Reports:

The Philadelphia Fed Index will be released and is expected to show an increase in regional economic activity in February. Index reading is expected to come in at 10.

Producer Price Index, PPI, for January is expected to come in at 0.3% with core PPI coming in at 0.2%.
Building Permits are expected to come in at 675,000 for January, slightly lower than the 679,000 in December.

January Housing Starts are expected to come in at 671,000 – above the 657,000 in December.

Initial Unemployment Claims for the week ending February 11 are expected to be 365,000 – slightly higher than 358,000 the previous week.

Companies reporting:

Applied Materials Inc (NASDAQ:AMAT) – Large semiconductor company expected to report earnings of $0.12 a share

Baidu Inc (NASDAQ:BIDU) – Dubbed as the Chinese Google is expected to report earnings of $0.91

Discovery Communications (NASDAQ:DISCA) – Midsized niche media company expected to report $0.69

Demand Media Inc (NYSE:DMD) – Online media publisher that will provide insights into the health of online advertising and monetization is expected to report $0.07 a share

DirecTv (NASDAQ:DTV) – Satelite TV behemoth is expected to announce earnings of $0.92

Duke Energy Corp (NYSE:DUK) – Large Utility company expected to report $0.21 a share

General Motors Co (NYSE:GM) – Perhaps the most anticipated report tomorrow, GM is expected to shed light on the state of US manufacturing as well as the health of the US consumer. Expectations are for $0.41 a share.

Hyatt Hotels Corp (NYSE:H) – Large international hotel operator expected to report $0.13

Nordstrom Inc (NYSE:JWN) – Upscale department store operator is expected to announce $1.10

Leap Wireless International Inc (NASDAQ:LEAP) – Small prepaid wireless services provider and often cited
takeover target is expected to announce a loss of $1.11

Spirit Airlines (NASDAQ:SAVE) – Discount Airline is expected to announce earnings of $0.32

J. M. Smucker Co (NYSE:SJM) – Large food products maker expected to announce earnings of $1.41

SunPower Corp (NASDAQ:SPWR) – Solar energy company and former market darling will announce how bad the
solar industry is as it is expected to announce a loss of $0.05

Strayer Education Inc (NASDAQ:STRA) – For-profit education provider is expected to announce earnings of $2.26

Share with us in the comments sections below what are you looking ahead for tomorrow?

Tagged NASDAQ:AMAT, NASDAQ:BIDU, NASDAQ:DISCA, NASDAQ:DTV, NASDAQ:LEAP, NASDAQ:SAVE, NASDAQ:SPWR, NASDAQ:STRA, NYSE:DMD, NYSE:DUK, NYSE:GM, NYSE:H, NYSE:JWN, NYSE:SJM