Costco earnings, Fedspeak, PCE data: What to watch

Yahoo Finance anchor Julie Hyman breaks down the key events to watch next week, starting with retailers' quarterly results. On Wednesday, investors can expect to hear from Abercombie & Fitch (ANF) and American Eagle Outfitters (AEO), while on Thursday, Birkenstock (BIRK), Best Buy (BBY), Costco Wholesale (COST), and others will report.

US consumer confidence data is expected Tuesday, and Cleveland Federal Reserve President Loretta Mester and Minneapolis Fed President Neel Kashkari will also offer commentary. To close the week, the Fed's preferred inflation gauge — the Personal Consumption Expenditures Price Index — will be released.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This article was written by Gabriel Roy

Video Transcript

Time now for what to watch next week.

Kicking off with earnings, a slew of retailers set to report their quarterly results on Wednesday.

Investors can expect to hear from American Eagle as well as Abercrombie and Fitch on Thursday.

We'll hear from Birkenstock dollar general.

Best buy gap and Costco investors will be watching Costco for what the company says about demand, consumer and the impact of gasoline prices.

Other earnings on deck include HP sales force and Dell that stock, by the way, hitting a record high on Friday and turning the economic data and update on consumer confidence in store for Tuesday morning for the month of May.

All investors can also expect more federal Reserve commentary.

Cleveland fed President Loretta and Minneapolis fed President Neil Kari will deliver remarks next week ahead of the Federal Reserve's beige book.

Meanwhile, on Thursday, the central bank will keep an eye on revisions to estimates of first quarter us gross domestic product.

Then wrap up the week.

The feds preferred inflation gauge personal consumption expenditures will be out ahead of the open