Walmart, Home Depot earnings, retail sales and existing home sales lead the week ahead

The retail sector will be in focus this week, with investors digesting July sales data on Wednesday and week-long corporate earnings from major players including Walmart, Home Depot, Lowe’s, Target, TJX Companies and Kohls.

Investors will also receive new updates from the Conference Board’s index of leading economic indicators and existing home sales.

Teleprinter Security Last To change To change %
Me: DJI DOW JONES AVERAGES 33761.05 +424.38 +1.27%
SP500 S&P500 4280.15 +72.88 +1.73%
I: COMP NASDAQ COMPOSITE INDEX 13047.185943 +267.27 +2.09%

U.S. stocks staged a strong rally on Friday, with all three major averages posting gains of more than 1% as investors cheered a modest pullback in consumer and producer prices, while speculating that the Federal Reserve could ease the extent of future rate hikes.

The Nasdaq Composite entered a new bull market, up 3% for the week, the highest close since April. Meanwhile, the Dow and S&P hit their best levels since May, up 2.8% and 3.2%, respectively.

FOX Business takes a look at upcoming events that are likely to move Financial markets in the coming days.


Monday 8/15

Kicking off the week for earnings will be Weber before market open and Tencent Music Entertainment and ZipRecruiter after the bell.

Teleprinter Security Last To change To change %
WEBR WEBER INC. 6.92 0.00 0.00%
ZIP *: ENGLISH ZIPRECRUIT 21.03 +0.76 +3.75%

As for economic data, investors will watch the National Association of Homebuilders’ Housing Market Index and the New York Fed’s Empire State Manufacturing Index. Federal Reserve Board Governor Christopher Waller will also deliver a keynote address ahead of the central bank’s 2022 Summer Workshop on Money, Banking, Payments and Finance.

Monday also marks the deadline for Sen. Elizabeth Warren, D-Mass., for the Environmental Protection Agency and Department of Energy to answer questions about energy reporting requirements in cryptomining. .

tuesday 8/16

Home Depot and Walmart will be in the spotlight for earnings before market open Tuesday.

Teleprinter Security Last To change To change %
HD THE HOME DEPOT INC. 314.89 +4.20 +1.35%
WMT WALMART INC. 132.21 +2.48 +1.92%

On the economic data side, investors will digest building permits, housing starts and industrial production.

Wednesday 8/17

Earnings will rise on Wednesday with Analog Devices, Krispy Kreme, Lowe’s, Performance Food Group, Target and TJX Companies before the market open and Bath & Body Works, Cisco Systems and Keysight Technologies after the bell.

Teleprinter Security Last To change To change %
ADI ANALOG APPLIANCES INC. 179.26 +4.71 +2.70%
DNUT KRISPY KREME 14.79 +0.31 +2.14%
DOWN LOWE’S COS. INC. 206.47 +4.29 +2.12%
PFGC n / A n / A n / A n / A
TGT TARGET CORP. 172.48 +2.88 +1.70%
TJX THE TJX COS. INC. 65.47 +1.06 +1.65%

Economic data on file Wednesday will include retail sales, business inventories, weekly mortgage applications and weekly crude inventories from the Energy Information Administration.


Thursday 8/18

Retail will dominate earnings on Thursday with BJ’s Wholesale Club, Estée Lauder, Kohl’s and Tapestry all set to report quarterly results. After the bell, investors will hear from Applied Materials and Ross Stores.

Teleprinter Security Last To change To change %
B.J. BJS WHSL CLUB HLDGS INC 68.26 -1.33 -1.91%
EL ESTÉE LAUDER COMPANIES INC. 275.38 +5.02 +1.86%
KSS KOHL’S CORP. 33.18 +0.56 +1.72%
TRP TAPESTRY INC. 35.69 +0.19 +0.54%
AMAT APPLIED MATERIALS INC. 110.38 +4.85 +4.60%
ROST ROSS STORES INC. 90.12 +1.97 +2.23%

Economic data for the week ends Thursday with existing home sales, the Conference Board’s leading economic indicators index, the Philadelphia Fed’s manufacturing index and the latest initial and continuing jobless claims.

Minneapolis Fed President Neel Kashakari will also participate in a question-and-answer session at the Gold Twin Cities Chapter of the Young Presidents Organization luncheon.

Friday 8/19

The week will end with earnings from Buckle, Deere & Co. and Foot Locker before the market opens.

Teleprinter Security Last To change To change %
BKE THE LOOP INC. 32.74 +0.32 +0.99%
OF DEERE & CO. 368.35 +6.33 +1.75%
Florida FOOT LOCKER INC. 31.52 +0.68 +2.20%

Richmond Fed President Thomas Barkin will also participate in a panel titled “Riding the Wave: Maryland’s Economic Forecast in Stormy Seas” prior to the 2022 Maryland Association of Counties Summer Conference.

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