Economic Data Picks Up with 2Q GDP, August Jobs Report

There will also be plenty of data on manufacturing and the housing market

Josh Selway

Aug 24, 2017 at 12:15 PM

ntnx
LULU
PANW
BOX
ADI
BBY

Economic data dominates next week's trading calendar, with updates on gross domestic product (GDP), manufacturing, and housing scattered across the schedule. The main focus, however, will be the release of the nonfarm payrolls report for August on Friday. The earnings slate isn't completely dry, with names like Best Buy Co Inc (NYSE:BBY), Box Inc (NYSE:BOX), and Palo Alto Networks Inc (NYSE:PANW) set to report.

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.

On Monday, Aug. 28, Wall Street will see the Dallas Fed's manufacturing index, and data on international trade in goods. The earnings calendar is rather bare.

On Tuesday, Aug. 29, the S&P CoreLogic Case-Shiller home price index and consumer confidence will be released. BBY's report will highlight the earnings calendar. H & R Block (HRB) and Hain Celestial (HAIN) will also report.

For Wednesday, Aug. 30, Automatic Data Processing will release its employment report, and the regularly scheduled update on domestic crude inventories will be unveiled, too. But the main focus will be the preliminary reading for second-quarter GDP. For earnings, Analog Devices (ADI), Bob Evans (BOBE), Box (BOX), Ctrip.com (CTRP), Five Below (FIVE), Shoe Carnival (SCVL), and Workday (WDAY) will step into the spotlight.

Weekly jobless claims come out on Thursday, Aug. 31. Also on the economic schedule is the Chicago purchasing managers index (PMI), the National Association of Realtors pending home sales index, and data on household income. Ambarella (AMBA), Campbell Soup (CPB), Ciena (CIEN), Dollar General (DG), lululemon athletica (LULU), Nutanix (NTXN), and Palo Alto Networks (PANW) make up the earnings slate.

There's plenty of data to digest on Friday, Sept. 1, too. On top of the unveil of the nonfarm payrolls report for August, auto sales will be released throughout the day, and the PMI manufacturing index, the Institute for Supply Management (ISM) manufacturing index, construction spending, and the University of Michigan's consumer sentiment survey will all come out. The earnings calendar is empty.

Follow @Schaeffers

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released!