Today the University of Michigan will release its preliminary consumer sentiment index to close out the busy week.

The following company is due to release quarterly earnings today, September 17:

Manchester United plc (NYSE:MANU -- $17.62) owns and operates a professional sports team in the United Kingdom. Manchester United will report its Q4 earnings of 2021 before the bell today.

Looking ahead to next week, Wall Street can expect a busy start to the latter part of September as next week is packed full of economic data. On Monday, the National Association of Home Builders' (NAHB) index is due out, while housing data is on the docket for Tuesday. Wednesday things pick up, with a news conference from Federal Reserve Chairman Jerome Powell taking the spotlight. On Thursday, the bulk of next week's data is due out, including highly anticipated jobless claims data and and purchasing managers' index (PMI) updates. Closing the week out on a quiet note, Friday features some new home sales data.

Earnings, meanwhile, will continue to trickle in next week. Next week's docket features report from Adobe (ADBE), AutoZone (AZO), BlackBerry (BB), Costco (COST), General Mills (GIS), Nike (NIKE), Rite Aid (RAD), and Stitch Fix (SFIX).

All economic dates listed here are tentative and subject to change.

The shares of Signet Jewelers Ltd. (NYSE:SIG) are up 2.1% at $80.11 this morning, following an upgrade from Wells Fargo to "overweight" from "equal weight." The analyst also lifted its price target to $100 from $80, commending the company's improved capital structure, and adding the brokerage expects margins to rise to 10% -- nearly double the company's pre-pandemic levels -- thanks to a shift to digital sales. 

SIG is well on its way towards its Sept. 2, five-year high of $88.49, with a pullback from the area contained by the 20-day moving average. The stock has been battling with the $79 level for the better part of the past week, but still boasts an impressive 187.6% lead this year.

Circling back to analyst sentiment, a round of similar bull notes may be overdue. Coming into today, just one of the five in coverage called SIG a "strong buy," while three said "hold," and one considered the stock a "sell." 

Signet Jewelers stock looks ripe for a short squeeze, too. Short interest rose 4.7% in the last two reporting periods, and now makes up 9.3% of the stock's available float. Plus, it would take traders over six days to cover their bearish bets, at SIG's average daily pace of trading. 

For those wanting to get in on Signet stock's next move, options look like the way to go. The equity's Schaeffer's Volatility Index (SVI) of 54% stands higher than a mere 7% of readings from the past 12 months. This means options traders are pricing in relatively low volatility expectations at the moment. What's more, the security's Schaeffer's Volatility Scorecard (SVS) ranks at 83 out of a potential 100, meaning SIG tends to outperform said volatility expectations, which is great for potential buyers.