Walmart, Target, and Home Depot are expected to report earnings next week
As earnings season winds down, and August charges on, there will be plenty of economic data and even a few quarterly reports for investors to unpack. Retail sales data will be a highlight, and plenty of department store retailers are announcing their quarterly reports. Some of the biggest companies to report quarterly earnings will be BJ's Wholesale (BJ), Cisco (CSCO), Deere (DE), Foot Locker (FL), Home Depot (HD), Kohl's (KSS), Lowe's (LOW), Macy's (M), Robinhood Markets (HOOD), Target (TGT) Tencent Music (TME), Walmart (WMT). The Federal Open Market Committee (FOMC) meeting minutes will also be out next week, giving the latest on the central bank's monetary policy.
The week will be off to a slow start on Monday, August 16, with the Empire State manufacturing index.
Tuesday, August 17 will pick up with retail sales, core retail sales, industrial production, business inventories, and the NAHB home builders' index.
Wednesday, August 18 will feature building permits, housing starts. FOMC minutes will be released that afternoon.
Another fresh round of Initial and continuing jobless claims are due out Thursday, August 19, in addition to the Philadelphia Fed manufacturing index, and the index of leading economic indicators for July.
Friday, August 20, no economic data is scheduled.