What to watch this week

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Time now for to watch for the week of June 22nd.

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A big week for investors with earnings from the tech and travel sectors plus the Fed’s preferred inflation gauge.

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After markets closed on Wednesday, Micron reporting quarterly results.

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Analyst expecting strong results driven by higher memory pricing and robust demand for high bandwidth memory used in AI servers.

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Also on the earnings calendar, Cerebrus announcing quarterly results on Tuesday, as investors keep a close eye on the company’s first earnings report since going public in May.

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Analyst expecting strong revenue growth, but will also be watching closely for progress toward profitability.

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Also on Tuesday, Carnival earnings coming us more insight into the travel sector.

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Analyst anticipating management to provide an update on 2026 bookings and address the ongoing impact of higher fuel costs and recent geopolitical tensions.

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And taking a look at the economy, some fresh inflation data coming out on Thursday with personal consumption expenditures or PCE.

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Economists forecasting headline PC holding steady while core PC ticks up on a month over month basis.

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Moving over to housing, we’ll be getting new home sales data for May on Wednesday.

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Economists expecting sales to tick up to an annualized rate of 640,000.

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That’s compared to 622,000 in the month prior.

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New data giving us more insight into the health of the housing market, mid-elevated mortgage rates and ongoing affordability issues.