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The week ahead for investors August 12, 2023

by 12. Aug 2023 @ 1:50News, The week ahead

Snapshot: The Upcoming Week’s Highlights

The following week promises a buzz of activity in the earnings sector, highlighted by statements from retail giants like Walmart, Home Depot, and Target. The Census Bureau is slated to publish July’s nationwide retail sales data on Tuesday, providing insights into last month’s consumer expenditure. The Federal Reserve is set to unveil the minutes of the recent FOMC assembly on Wednesday, which might shed light on future monetary stances. Updates concerning the housing sector encompass the July figures for building permits and housing starts, paired with the NAHB’s Housing Market Index for August. Additionally, keep an eye out for inflation and GDP statistics from the U.K., the eurozone, and Japan.

Key Points to Note

  • The retail scene will be bustling with earnings updates from top-tier stores like Walmart, Home Depot, and Target next week.
  • The Census Bureau, on Tuesday, will deliver data on retail sales across the nation for July, signifying the strength of consumer expenditure during that period.
  • Wednesday will witness the Federal Reserve presenting minutes from the most recent FOMC discussion, potentially offering indicators regarding future monetary directions.
  • Upcoming housing data will encompass July’s figures for building permits and housing starts, and August’s NAHB Housing Market Index.

Comprehensive Event Schedule

Detailed Events Calendar

Monday, August 14:

  • Earnings reported by Suncor Energy (SU), Roivant Sciences (ROIV), Monday.com (MNDY), Reata Pharmaceuticals (RETA), Rumble (RUM), and Embraer (ERJ).
  • Consumer Inflation Expectations for July.
  • Updates on China’s Unemployment and Industrial Production for July.
  • Preliminary GDP Growth Rate for Q2 2023 in Japan.

Tuesday, August 15:

  • Earnings from Home Depot (HD), Agilent Technologies (A), Sea Limited (SE), Nu Holdings (NU), Cardinal Health (CAH), Legend Biotech (LEGN), Tencent Music Entertainment Group (TME), CAVA Group (CAVA), and H&R Block (HRB).
  • Retail Sales data for July.
  • Business Inventories for June.
  • NAHB Housing Market Index for August.
  • New York Fed Empire State Manufacturing Index for August.

Wednesday, August 16:

  • Earnings highlights from companies like Cisco Systems (CSCO), TJX Companies (TJX), Synopsys Inc. (SNPS), Target Corp. (TGT), JD.com (JD), Amcor (AMCR), and Wolfspeed (WOLF).
  • Data on Building Permits, Housing Starts, and Industrial Production for July.
  • FOMC Meeting Minutes.
  • Inflation Rate for July in the U.K. and GDP Growth Rate for Q2 2023 in the Eurozone.

Thursday, August 17:

  • Earnings insights from Walmart (WMT), Applied Materials (AMAT), Ross Stores (ROST), Keysight Technologies (KEYS), NICE Ltd. (NICE), and Tapestry Inc. (TPR).
  • Philadelphia Fed Manufacturing Index for August.
  • Conference Board Leading Economic Index for July.
  • Inflation Rate for July in Japan.

Friday, August 18:

  • Earnings announcements from Deere & Company (DE), Palo Alto Networks (PANW), Estee Lauder Cos. (EL), Vipshop Holdings Ltd. (VIPS), and XPeng Inc. (XPEV).
  • Final Reading of the Eurozone Inflation Rate for July.
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