Key Takeaways
- Reports from Nvidia, Salesforce, Dell, and CrowdStrike lead a busy week of earnings from tech firms.
- Investors are also looking for financials from retailers Dollar General, Five Below, Abercrombie & Fitch and Ulta Beauty.
- Friday’s inflation numbers will be studied by Fed watchers, while other economic releases this week include Q2 Gross Domestic Product, housing data and consumer sentiment surveys.
Nvidia’s (NVDA) earnings report on Wednesday highlights a busy week for corporate finances, with Salesforce (CRM), Dell (DELL), HP (HPQ) and CrowdStrike (CRWD) among the other tech firms set to report. Retailers like Dollar General (DG), Five Below (FIVE), Abercrombie & Fitch (ANF) and Ulta Beauty (ULTA) are also on tap.
The Friday release of the 澳洲幸运5官方开奖结果体彩网:Personal Consumption Ex🐷penditures (PCE) will show whether inflation continued to drop in July, potentially signaling the Federal Reserve’s next move. Second-quarter 澳洲幸运5官方开奖结果体彩网:Gross Domestic Product (GDP) is publisౠhed Thursday, while investors will also ✅be watching housing market data and consumer sentiment surveys.
Monday, Aug. 26
- Durable goods orders (July)
- Dallas Fed Manufacturing Survey (August)
- Trip.com (TCOM) reports earnings
Tuesday, Aug. 27
- S&P CoreLogic Case-Shiller home price index (June)
- FHFA House Price Index (June)
- Richmond Fed Manufacturing Index (August)
- Consumer Confidence (July)
- Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Box (BOX) and Ncino (NCNO) report earnings
Wednesday, Aug. 28
- Atlanta Fed President Raphael Bostic delivers remarks
- Nvidia (NVDA), Salesforce (CRM), Royal Bank of Canada (RY), CrowdStrike (CRWD), HP (HPQ), Okta (OKTA), Abercrombie & Fitch (ANF) and Five Below (FIVE) report earnings
Thursday, Aug. 29
- Initial jobless claims (Week ending August 24)
- Gross Domestic Product (Q2 - First revision)
- Pending home sales (July)
- Advance wholesale inventories (July)
- Advance international trade: Goods (July)
- Advance retail inventories (July)
- Atlanta Fed President Raphael Bostic delivers remarks
- Dell (DELL), Marvell Technology (MRVL), Autodesk (ADSK), Canadian Imperial Bank of Commerce (CM), Lululemon (LULU), Dollar General (DG), Ulta Beauty (ULTA) and Birkenstock (BIRK) report earnings
Friday, Aug. 30
- Personal Consumption Expenditures (July)
- Chicago Business Barometer (August)
- Consumer sentiment (August)
Investors Focused on Earnings🌞 from Nvidia, Salesforce, Dell
Mark👍et watchers will focus on earnings reports from several top technology, financial, and retail 🌞companies, with chipmaker Nvidia’s report on Wednesday attracting the biggest attention.
Nvidia’s earnings come after its prior quarter report showed the company 澳洲幸运5官方开奖结果体彩网:more than tripled its revenue and grew its net income more than six-fold, with both totals coming in above analyst estimates. The report comes as Goldman Sachs recently classified Nvidia as the "澳洲幸运5官方开奖结果体彩网:most important stock" of the year.
Salesforce’s report on Wednesday will show whether demand for its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) products can continue to drive the 澳洲幸运5官方开奖结果体彩网:company’s revenue higher. Cybersecurity provider CrowdStrike will report for the first time since it issued a software update 澳洲幸运5官方开奖结果体彩网:contributing to a global computer n♛etwork outa𒐪ge.
Investors will also get a look at how AI is affecting computer sales, with 澳洲幸运5官方开奖结果体彩网:HP reporting on Wednesday and 澳洲幸运5官方开奖结果体彩网:Dell issuing earnings on Thursday.
Retail reports continue this week, with several discount chains issuing reports, including Dollar General, which has 澳洲幸运5官方开奖结果体彩网:repꦕorted increasing same-store sales. At the same time, Five Below is also set to release quarterly financials. Ulta Beauty’s report comes after filings showed that investor Warren Buffett’s Berkshire Hathaway bought 澳洲幸运5官方开奖结果体彩网:shares in the makeup seller.
Markets Await Key Inflation Data
The Personal Consumption Expenditures (PCE) index is the Fed’s preferred measure of price changes, and a 澳洲幸运5官方开奖结果体彩网:further decline in the July reading coཧuld show that inflation is moving back toward the central bank's annual target of 2%.
On Thursday, market watchers will get another look at second-quarter Gross Domestic Product (GDP) after the first reading showed 澳洲幸运5官方开奖结果体彩网:accelerating growth of 2.8%.