Tomorrow's Headliners: FOMC
Investors will find plenty to keep them busy Tuesday; a host of retailers are scheduled to post earnings, and the minutes from the last
Federal Reserve
meeting are due.
At the Fed's two-day gathering in October, policymakers cut their fed funds target rate by 25 basis points, the second reduction in as many months.
While the central bank always releases a brief statement explaining the reasoning for its actions along with a bit of outlook, when the meetings conclude, the minutes tend to provide more details and can be used to gauge the possibility of additional moves. At any rate, they are not to be missed.
Meanwhile, though earnings season is finally coming to a close, a number of retailers have yet to report. That's about to change.
The upcoming session will feature
Target
(TGT) - Get Target Corporation Report
,
Barnes & Noble
(BKS) - Get Barnes & Noble, Inc. Report
,
Borders
(BGP)
,
TheStreet Recommends
BJ's Wholesale
(BJ) - Get BJ's Wholesale Club Holdings Inc. Report
,
Dick's Sporting Goods
(DKS) - Get Dick's Sporting Goods Inc Report
,
GameStop
(GME) - Get GameStop Corporation Report
and
Office Depot
(ODP) - Get The ODP Corporation Report
, just to name a few.
Additionally,
Limited
(LTD)
,
Pacific Sunwear
(PSUN)
,
J. Crew
(JCG)
,
Hot Topic
(HOTT)
and
Saks
(SKS)
will report.
The earnings parade also features
Whole Foods
(WFMI)
,
D.R. Horton
(DHI) - Get D.R. Horton Inc. Report
,
Freddie Mac
undefined
and
Hormel
(HRL) - Get Hormel Foods Corporation Report
.
Elsewhere,
Ericsson's
management will hold a briefing in New York, and
Research in Motion
(RIMM)
is expected to present at Scotia Capital's Telecom and Tech Conference.
Aside from the Fed minutes, the only economic news of note will be the Census Bureau's October data on housing starts and building permits.
On
TheStreet.com
, Ted Reed will examine why activist investors are circling around airlines like
Delta
(DAL) - Get Delta Air Lines Inc. Report
and
UAL
(UAUA)
, and Jeffrey Strain will offer some tips for finding the best deals this Black Friday.
Also, Roger Nusbaum will check out a new exchange-traded note that tracks the Dogs of the Dow index. As a debt obligation, it has some tax advantages over funds that hold these stocks, and he'll tell you whether it belongs in your portfolio.
