On Tap Today: Circuit City Reports; Housing Starts Come Out - TheStreet

On Tap Today: Circuit City Reports; Housing Starts Come Out

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Two components of the leading economic indicators index are due today, and predictions call for slightly lower numbers for both. The Census Bureau will release housing starts figures, which include building permits for May, and the preliminary Consumer Sentiment Index for June is anticipated from the University of Michigan.

Expect some news from the development and distribution ends of electronics.

Integrated Circuit Systems

(ICST)

, a chip developer, will finish its quiet period after a lower-than-expected IPO at $13 a share last month. Shares yesterday traded down 1 5/16, or 7.1%, to 17 1/8. Meanwhile, consumer electronics retailer

Circuit City

(CC) - Get Report

will post first-quarter results. Analyst estimates are favorable, although the company reported a reduction last quarter and last week said slack demand for big-ticket items will hurt profits. Shares yesterday closed unchanged at 37 3/8.

Expected Earnings Reports

(

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial and may change.

)

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: 1.624M. Previous: 1.663M.
  • 10 a.m.: Consumer Sentiment Index for June (preliminary). Source: University of Michigan. Forecast: 110.1. Previous: 110.7.

IPO Quiet Periods Expiring

(TheStreet.com's

Ben Holmes, who heads

TSC's

ipoPros.com subsidiary, keeps a close eye on quiet-period expirations every week. For more on quiet periods and why they matter, check out Holmes' primer on the subject. The full current quiet-period list is published separately.

)

Quiet Period End

Deal Name

Symbol

Lead Underwriter

6/16/00

Integrated Circuit Systems

(ICST:Nasdaq)

Credit Suisse First Boston