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

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

Aug 24, 2017 at 12:15 PM
facebook X logo linkedin


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. 
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI