China-based NIO and Alibaba will report earnings next week
Earnings season is winding down, though reports from several heavy hitters continue to trickle in. Gold stocks will be in focus next week, with quarterly reports due out from sector members Barrick Gold (GOLD) and Wheaton Precious Metals (WPM). Several big names out of China will enter the earnings confessional, too, including Tencent Music (TME), Alibaba (BABA), HUYA (HUYA), NIO (NIO) and JD.com (JD). Dow member Cisco Systems (CSCO) is also expected to post earnings on Wednesday.
The economic calendar, meanwhile, is buzzing with activity next week. The latest Job Openings and Labor Turnover Survey (JOLTS) is due out, as well as the Consumer Price Index (CPI), the most recent Federal Budget update, and retail numbers for last month.
Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website
for official reporting dates.
Monday, August 10, will kick the week off with JOLTS data. Meanwhile. Barrick Gold, Canopy Growth (CGC), JD.com, Royal Caribbean (RCL), Tencent Music, and Tilray (TLRY) will step into the earnings confessional.
Economic data will pick up slightly on Tuesday, August 11, with the National Federation of Independent Business (NFIB) index, and the most recent producer price index (PPI) due out. Earnings, will slow down, with reports from Canada Goose (GOOS), HUYA (HUYA), NIO (NIO), and Sysco (SYY) on tap.
On Wednesday, August 12, investors will digest the consumer price index (CPI), and the Core CPI, along with the the Organization for Petroleum Exporting Countries (OPEC) monthly report. The Federal Budget is also due out. The earnings docket includes reports from Cisco, Lyft (LYFT), SmileDirectClub (SDC), and Wheaton Precious Metals.
On Thursday, August 13, investors will keep an eye on initial and continuing jobless claims, as well as the import/ export price index. It will also be a busy day on the earnings end of things, with Alibaba, Baidu (BIDU), Dillard's (DDS), iQIYI (IQ), and Tapestry (TPR) all set to report.
There is ample economic data lined up for Friday, August 14, including retail sales, unit labor costs, industrial production, consumer sentiment, and business inventories.