The Week Ahead: Biotechs, Retail Steal the Spotlight

A number of retailers will report earnings next week, while retail sales data is due on Friday

by Karee Venema

Published on Aug 4, 2016 at 1:00 PM
Updated on Jun 24, 2020 at 10:16 AM

While last week's earnings calendar was headlined by blue chips Procter & Gamble Co (NYSE:PG) and Pfizer Inc. (NYSE:PFE), this week's action brings biotechs and retailers into focus. On the biotech side, embattled drugmaker Valeant Pharmaceuticals Intl Inc (NYSE:VRX) will join a number of its sector peers when it unveils its highly anticipated report on Wednesday. Meanwhile, Fossil Group Inc (FOSL) and Michael Kors Holdings Ltd (NYSE:KORS) are among many names hoping to avoid the same post-earnings fate as Kate Spade & Co (NYSE:KATE). Retail stocks will remain in the spotlight through week's end, when retail sales close out a relatively light week of economic data.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, August 8

The economic calendar is bare. Allergan (AGN), Clovis Oncology (CLVS), Dean Foods (DF), Endo International (ENDP)Hertz Global (HTZ), Horizon Pharma (HZNP)Inovio Pharmaceuticals (INO), Kite Pharma (KITE)Opko Health (OPK), Sina Corp (SINA), Twilio (TWLO), Tyson Foods (TSN), Vivint Solar (VSLR), and Weibo (WB) will all report earnings.

Tuesday, August 9

Productivity and labor costs will be released on Tuesday, as will wholesale inventories. Earnings are due from Walt Disney (DIS), VRX, FOSL, Cheniere Energy (LNG), Coach (COH), Cyberark Software (CYBR), Halozyme Therapeutics (HALO), Infinity Pharmaceuticals (INFI), Jazz Pharmaceuticals (JAZZ), Mylan (MYL), Myriad Genetics (MYGN), Red Robin Gourmet Burgers (RRGB), SolarCity (SCTY), SunPower (SPWR), Wayfair (W), WhiteWave Foods (WWAV), Yelp (YELP), and ZIOPHARM Oncology (ZIOP).

Wednesday, August 10

Wednesday's economic calendar features the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS), as well as the weekly crude inventories update and the Treasury Budget. KORS, JD.Com (JD), Perrigo Company (PRGO), Ralph Lauren (RL), Shake Shack (SHAK), Silver Wheaton (SLW), Spark Therapeutics (ONCE), and Wendy's (WEN) will tell all in the earnings confessional.

Thursday, August 11

Weekly jobless claims and import and export prices will hit the Street on Thursday. Reporting earnings are Alibaba (BABA), Brinker International (EAT), Kohl's (KSS), Macy's (M), Nordstrom (JWN)NVIDIA (NVDA), Royal Gold (RGLD), and Sunrun (RUN).

Friday, August 12


Retail sales, the producer price index (PPI), business inventories, and the Thomson Reuters/University of Michigan consumer sentiment survey are all due on Friday. J C Penney (JCP) will step up to the earnings plate.

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