The majority of second-quarter earnings season is over, with a handful of major technology and retail names left to report this week. Economists will be focused on any news from an annual gathering of monetary policy thinkers and practitioners in Jackson Hole, Wyoming.
- Lowe’s: Quarterly report.
- Nvidia: Quarterly report.
- NetApp: Quarterly report.
- Advance Auto Parts: Quarterly report.
- Bath & Body Works: Quarterly report.
- Analog Devices: Quarterly report.
- Dollar Tree: Quarterly report.
- Intuit: Quarterly report.
- Ulta Beauty: Quarterly report.
Federal Reserve Symposium
The Federal Reserve Bank of Kansas City will host its 2023 Economic Policy Symposium from Thursday through Saturday. This year’s topic will be “Structural Shifts in the Global Economy.” Fed chair Jerome Powell is scheduled to address the conference on Friday.
Economic data out this week will include:
- Markit’s manufacturing purchasing managers' index for August on Wednesday.
- Markit’s services purchasing managers' index for August on Wednesday.
- National Association of Realtors’ existing-home sales for July on Tuesday.
- New-home sales data for July on Wednesday.
- Census Bureau’s durable goods report for July on Thursday.
- University of Michigan’s Consumer Sentiment index for August on Friday.
Nvidia's Q2 Earnings Announcement
Nvidia is set to announce the results of its fiscal second quarter after the market closes on Wednesday. Analysts surveyed by FactSet are anticipating earnings per share of $2.08, a significant increase from the 51 cents reported in the year-ago quarter. This year, shares of Nvidia have tripled, marking a notable success for the chip company.
Upcoming Earnings Announcements
Apart from Nvidia, several other companies are also expected to announce their earnings. Peloton Interactive, Snowflake, Abercrombie & Fitch, Advance Auto Parts, Analog Devices, Foot Locker, Kohl’s, Autodesk, Bath & Body Works, and Williams-Sonoma are among those scheduled to release their earnings reports.
New-Home Sales Report by the Census Bureau
On Thursday, the Census Bureau and Department of Housing and Urban Development will release new-home sales data for July. This report will provide valuable insights into the state of the housing market.
Jackson Hole Symposium
This week, Jackson Hole, Wyoming, will host an annual economic policy symposium organized by the Federal Reserve Bank of Kansas City. The event will bring together dozens of central bankers, policymakers, academics, and economists. Federal Reserve Chairman Jerome Powell is scheduled to speak on Friday.
Upcoming Earnings Releases
In addition to the above-mentioned events, Intuit, Dollar Tree, Affirm Holdings, Gap, Burlington Stores, Nordstrom, Ulta Beauty, and Workday are also expected to release their earnings reports.
Durable Goods Report by the Census Bureau
The Census Bureau will release its durable goods report for July, providing information on the state of the manufacturing sector and overall economic activity.
Consumer Sentiment Index
The University of Michigan will release the final results for its August survey of consumers on Friday. Economists surveyed by FactSet expect the consumer sentiment index to remain at 71.2, reflecting a stable level of consumer optimism in the economy. Over the past three months, consumers have shown significant confidence in the economic outlook.
Thierry Le Henaff will continue as CEO and chairman of Arkema for another four years, with a focus on innovative materials for a sustainable world. Despite a de...
Exxon Mobil announces strategic initiatives to drive growth, including increasing earnings, reducing costs, addressing emissions, and boosting oil and gas produ...
Swiss dental equipment company, Straumann Holding, reports lower net profit in the first half of the year despite an increase in revenue. The company remains op...