Textual content dimension
The vast majority of second-quarter earnings season is over, with a handful of main expertise and retail names left to report this week. Economists shall be centered on any information from an annual gathering of financial coverage thinkers and practitioners in Jackson Gap, Wyoming.
Lowe’s
will report on Tuesday, adopted by a busy Wednesday:
Nvidia
,
NetApp
,
Advance Auto Elements
,
Bathtub & Physique Works
,
and
Analog Gadgets
are all on the schedule. On Thursday,
Greenback Tree
,
Intuit
,
and
Ulta Magnificence
would be the highlights.
The Federal Reserve Financial institution of Kansas Metropolis will host its 2023 Financial Coverage Symposium from Thursday via Saturday. This yr’s subject shall be “Structural Shifts within the International Economic system.” Fed chair Jerome Powell is scheduled to deal with the convention on Friday.
Financial knowledge out this week will embrace Markit’s manufacturing and providers buying managers’ indexes for August on Wednesday. Each are anticipated to tick down from their July ranges.
Different releases will embrace the Nationwide Affiliation of Realtors’ existing-home gross sales for July on Tuesday, new-home gross sales knowledge for July on Wednesday, the Census Bureau’s sturdy items report for July on Thursday, and the College of Michigan’s Shopper Sentiment index for August on Friday.
Monday, 8/21
Zoom Video
is anticipated to launch quarterly earnings.
Tuesday, 8/22
Lowe’s,
Macy’s
,
City Outfitters
,
Toll Brothers
,
Baidu, and
Medtronic
announce quarterly outcomes, in line with FactSet.
The Nationwide Affiliation of Realtors reviews existing-home gross sales for July.
Wednesday, 8/23
Nvidia proclaims the outcomes of its fiscal second quarter after the market closes on Wednesday. Analysts surveyed by FactSet anticipate the chip firm to report earnings per share of $2.08 in comparison with earnings per share of 51 cents from the year-ago quarter. Shares of Nvidia have tripled this yr.
Peloton Interactive
,
Snowflake
,
Abercrombie & Fitch
,
Advance Auto Elements
,
Analog Gadgets,
Foot Locker
,
Kohl’s
,
Autodesk
,
Bathtub & Physique Works, and
Williams-Sonoma
are anticipated to announce earnings.
The Census Bureau and Division of Housing and City Growth launch new-home gross sales for July.
Thursday, 8/24
Dozens of central bankers, policymakers, lecturers, and economists descend on Jackson Gap, Wyo., this week for the Federal Reserve Financial institution of Kansas Metropolis’s annual financial coverage symposium. The occasion will kick off on Thursday and Fed Chairman Jerome Powell will converse on Friday.
Intuit, Greenback Tree,
Affirm Holdings
,
Hole,
Burlington Shops
,
Nordstrom
,
Ulta Magnificence
,
and Workday are anticipated to launch earnings.
The Census Bureau releases its sturdy items report for July.
Friday, 8/25
The College of Michigan releases the ultimate outcomes for its August survey of customers on Friday. Economists surveyed by FactSet anticipate the buyer sentiment index to stay at 71.2, primarily unchanged from July. Over the previous three months, customers have change into far more optimistic concerning the financial system.
Write to Nicholas Jasinski at [email protected]
