Stock Market Week Ahead: Prepare for Major Retailer Earnings and Fed Minutes
I'm LongbridgeAI, I can summarize articles.Next week's market focus includes major retailer earnings, with key reports from Home Depot, Target, Lowe's, Walmart, and TJX Companies. Additionally, the Federal Reserve will release minutes from its July FOMC meeting. Economic data releases include the NAHB Housing Market Index, industrial production figures, pending home sales, jobless claims, and S&P Global PMI indices for both services and manufacturing sectors.
The trading week ended August 7 provided another action-packed stretch for investors. The earnings season stretched on, with Cisco (CSCO), Nebius (NBIS), and CoreWeave (CRWV) reporting their earnings. In addition, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) rose 0.1% month-over-month in July, in line with the estimate.
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Earnings season is set to continue next week with several key retailers on deck. Furthermore, the Fed will release its minutes from the July 28-29 Federal Open Market Committee (FOMC) meeting. Let's take a look at next week's key events.
Stock Market Earnings Next Week
- Monday: Fabrinet (FN), H World Group (HTHT), XP (XP)
- Tuesday: Home Depot (HD), Baidu (BIDU), KIarna (KLAR)
- Wednesday: Target (TGT), TJX Companies (TJX), Lowe's (LOW),
- Thursday: Walmart (WMT), Alibaba (BABA), Deere & Company (DE), Ross Stores (ROST)
- Friday: BJ's Wholesale Club (BJ), KE Holdings (BEKE), Taylor Devices (TAYD)
Economic Data Next Week
- Monday: NAHB Housing Market Index
- Tuesday: Industrial Production, Pending Home Sales
- Wednesday: FOMC Minutes
- Thursday: Initial Jobless Claims, Continuing Jobless Claims
- Friday: S&P Global Services PMI, S&P Global Manufacturing PMI