NEW YORK (TheStreet) -- Friday is expected to be a busy day for earnings reports as well as key economic data.
Companies reporting quarter earnings before the market opens include apparel retailer Ann (ANN), athletic shoe seller Foot Locker (FL), sporting goods store operator Hibbett Sports (HIBB), manufacturer and marketer of branded convenience food products Campbell Soup (CPB), and heavy machinery company Deere & Company (DE).
Wall Street is expecting Campbell to report a profit of 52 cents a shares on sales of $1.9 billion for its fiscal third quarter. Campbell shares continue to outperform the packaged food sector as the stock rallies to rise by nearly 7% from the start of the year.
TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust Portfolio says Campbell's Soup should buy either AAP holding WhiteWave Foods (WWAV) or Hain Celestial Group (HAIN) because the natural and organic foods division is doing so well.
In addition, Friday brings the April consumer price index, a measure of the change in the average price level of a fixed basket of goods and services purchased by consumers.
Also, Federal Reserve Chair Janet Yellen is scheduled give an economic outlook Friday afternon in Providence, R.I.