NEW YORK ( TheStreet) -- The week ahead on Wall Street will feature the Fitbit IPO, several notable earnings reports, and some key economic reports.
Fitbit is scheduled to make its trading debut on the floor of the New York Stock Exchange Wednesday. The maker of its eponymous wearable fitness tracker is hoping to raise as much as $358 million in its initial public offering. Last year, the company made more than $130 million in profits and ran up sales of $745 million. Shares will trade under the ticker symbol FIT.
On the earnings front, notable companies releasing their quarterly results include Comverse (CNSI), Adobe Systems (ADBE), Bob Evans Farms (BOBE), FedEx FDX, Oracle (ORCL), Pier 1 Imports (PIR), Darden Restaurants (DRI), Kroger (KR), Rite Aid (RAD), CarMax (KMX), and KB Home (KBH).
On the economic calendar, Wall Street awaits a host of closely watched reports. On Monday, we'll see the Federal Reserve's monthly index of industrial production, which covers manufacturing, mining, and electric and gas utilities. Tuesday brings the housing starts report, possibly the most closely followed indicator about the health of the housing sector. On Wednesday, we'll get the Federal Open Market Committee's meeting announcement, and learn what the Federal Reserve has planned for interest rates, read comments on the committee's views on the economy, and learn the number of members that voted for and against the final policy decision.