The Week Ahead: Market Gets Breather With Lighter Data Load
We'll get an update on the services sector, consumer sentiment, and more. Plus, wide-moat Costco reports.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser, and welcome to The Week Ahead.
After a busy data week, the market will get a bit of a breather. The ISM services index on Monday will give an update on the strength of the nonmanufacturing sector, while the University of Michigan Consumer Sentiment reading on Friday will show how the consumer is feeling post-election. The revision to third quarter's productivity data, factory orders, and trade data will round out the week.
Costco will report its fiscal first-quarter results on Wednesday. Analyst Zain Akbari thinks 2016's results were challenged by currency issues, low gas prices, and some deflation, but the wide-moat company is still in good shape to deliver strong long-term returns.
Stay tuned to Morningstar for our take on these stories.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.