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On Tap Today: Housing Starts, Earnings Reports by Goldman Sachs, Lehman

Today the market will get earnings releases from companies including Jabil Circuit (JBL - Get Report), Best Buy (BBY), American Greetings (AM), Goldman Sachs (GS - Get Report) and Lehman Brothers (LEH).

Jabil Circuit, a provider of electronic manufacturing services, is slated to report after the close. Twenty-nine analysts polled by Thomson Financial/First Call expect the company to earn 16 cents a share. Jabil earned 21 cents in the year-ago period.

Specialty retailer Best Buy is also on the earnings calendar for Tuesday. Wall Street is expecting the company to earn 23 cents a share in the fiscal first quarter. The company earned 34 cents in the year-ago period.

Analysts expect investment banking concern Lehman Brothers to earn $1.14 a share in the second quarter, down from $1.39 during the same period last year. Goldman is expected to earn $1.06 a share for the second quarter, down from $1.48 a year ago. Analysts are expecting American Greetings to post first-quarter earnings of 25 cents, which is well short of the 60 cents the company made in the same period a year ago.

Economic Data

( Forecasts are from Reuters . Times are Eastern. For a longer-term economic calendar and more, see TSC's Economic Databank. )

  • 8:30 a.m.: Housing Starts for May. Source: Census Bureau. Forecast: 1.593M. Previous: 1.609M. Building Permits - Forecast: n.a. Previous: 1.587M.

  • 9 a.m.: BTM-UBSW Weekly Chain Store Sales Index for the week ended June 18. Source: Bank of Tokyo-Mitsubishi and UBS Warburg. Forecast: n.a. Previous: +0.3%.

  • 9 a.m.: Redbook Retail Average for the month through June 18, vs. May. Source: LJR Redbook. Forecast: n.a. Previous: +0.4%.

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