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It’s the end of the second quarter earnings season, with retailers ready to take over.
Walmart
and
Home deposit
report Tuesday, followed by
Lowe’s,
Target,
and
TJX
Wednesday.
Kohl’s,
Macy’s,
BJ Wholesale,
and
L Brands
are Thursday’s retail highlights, so
Walk-in locker
closes the week on Friday.
The Census Bureau’s July retail sales data for July is also released this week, Tuesday. Economists forecast on average a seasonally adjusted increase of 0.2% last month, after rising 0.6% in June.
Top non-commercial companies reporting results this week include Pandora and
Krispy kreme
Tuesday, followed by a busy Wednesday:
Nvidia,
Tencent Holdings,
Cisco
Systems,
Analog devices,
and
Lumentum Holdings
all report.
Materials applied
goes on Thursdays and Deere closes the week on Fridays.
Economic data released this week includes several housing market metrics: the National Association of Home Builders’ NAHB / Wells Fargo Housing Market Index for August Tuesday and the Census Bureau’s new home construction report for July on Wednesday.
Also on Wednesday, the Federal Reserve’s monetary policy committee published the minutes of its last meeting at the end of July. Next, the Conference Board released its leading economic index for July on Thursday.
Next week
Monday 16/08
Tencent Musical Entertainment Group,
Tokyo electron,
and
Secure Clear
are among the companies that organize results conference calls.
The Federal Reserve Bank of New York releases its Empire State Manufacturing Survey for August. The consensus estimate is for a reading of 26.5. This compares to a record 43.0 in July, when the general business conditions index rose 26 points.
Tuesday 17/08
BHP, Walmart, Home Depot,
Agilent Technologies,
Pandora and Krispy Kreme are among the companies that host earnings conference calls.
America’s Car-Mart,
Jack Henry & Associates,
and
La-Z-Boy
will release financial results after the market closes and will hold results calls the next morning, August 18.
The Federal Reserve publishes capacity utilization in the industrial sector for July. Consensus calls for a reading of 75.7%, little change from the June reading of 75.4%. Industrial production is forecast to increase 0.5% from June’s seasonally adjusted 0.4% increase.
The national association of Home Builders releases its NAHB / Wells Fargo Housing Market Index for August. Economists are forecasting a reading of 80, the same as in July. The index is down from its all-time high of 90 set in November.
Federal Reserve Board President Jay Powell will organize a virtual town hall with educators and students.
The Census Bureau reports retail sales data for July. Expectations are for a seasonally adjusted 0.3% month-over-month decline, following a 0.6% increase in June. Excluding automobiles, spending is expected to rise 0.2%, compared to an increase of 1.3% the previous month.
Wednesday 8/18
The Federal Free Market The committee publishes the minutes of its monetary policy meeting at the end of July.
Cisco Systems, Lowe’s, Target, TJX, Tencent Holdings,
Brinker International,
Analog devices,
Synopsis,
Lumentum Holdings and Nvidia are holding earnings conference calls.
The census office The new residential construction report for July is expected to show the seasonally adjusted annual housing starts rate at 1.610 million, down from June’s 1.643 million. Housing starts hit a postpandemic peak of 1.73 million in March.
Thursday 8/19
BJ Wholesale, L Brands, Applied materials,
Ross Stores,
Estee Lauder,
Kohl’s, Macy’s,
Performance Food Group,
Petco health and wellness,
and Farfetch hosts earnings conference calls.
The conference council publishes its leading economic index for July. The LEI is expected to rise 0.7% month-on-month, after gaining 0.7% in June.
Friday 8/20
Deere and Foot Locker hold conference calls to discuss financial results.
Write to Nicholas Jasinski at [email protected]
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