NEW YORK (TheStreet) -- Six companies in a variety of sectors report earnings Thursday, the same day important economic data are released.
The notable earnings include jam company J.M. Smucker (SJM), arts and crafts specialty retailer Michaels Companies (MIK), mining equipment maker Joy Global (JOY), secure electronic payment solutions company VeriFone Systems (PAY), multi-channel specialty retailer of action sports Zumiez (ZUMZ) and fashion apparel company Vince Holding Corp (VNCE).
TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, said earlier Wednesday that VeriFone, the maker of point-of-sale cash register systems, is one of his favorite companies and he can't wait to see the company's second-quarter earnings results after the market closes Thursday. Wall Street analysts are expecting VeriFone to post a profit of 42 cents per share on revenue of $489 million for the period.
Cramer is particularly interested in the company's announcement Wednesday of a partnership with Visa (V) to create a more streamlined omni-channel commerce experience for its customers.
On the economic calendar are weekly jobless claims, productivity and costs, as well as the Fed balance sheet. Weekly jobless claims show the number of individuals who filed for unemployment insurance for the first time. Productivity measures the growth of labor efficiency, and unit labor costs reflect the labor costs of producing each unit of output. Both figures are indicators of future inflationary trends. The Fed's balance sheet is a report showing factors supplying reserves into the banking system as well as factors using reserve funds.