Holiday-Shortened Week Brings Fed Speeches, Jobs Data

Several Fed leaders will step up to the proverbial podium this week

Digital Content Manager

Aug 29, 2019 at 1:44 PM

Next week will be short -- with markets closed on Monday in observance of Labor Day -- but packed to the gills with economic data and Fed speeches. Several Fed presidents -- including John Williams, James Bullard, and Charles Evans -- will take the stage. Elsewhere, Wall Street will digest reports on manufacturing activity, and the week will culminate in the highly anticipated nonfarm payrolls report for August. Lululemon Athletica (LULU) and Slack (WORK) will highlight a relatively muted earnings week.

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.

Markets will be closed for Labor Day on Monday, Sept. 2.

On Tuesday, Sept. 3, markets will reopen with the Institute for Supply Management's (ISM) manufacturing index, Markit's purchasing managers manufacturing index (PMI), and data on construction spending all set for release. Boston Fed President Eric Rosengren will speak after the close. There are no notable earnings scheduled for release.

International trade data and the Fed's Beige Book are due out on Wednesday, Sept. 4. Speeches from New York Fed President John Williams, Fed Governor Michelle Bowman, St. Louis Fed President James Bullard, and Chicago Fed President Charles Evans will trickle in throughout the day. Earnings from American Eagle Outfitters (AEO), Michaels Stores (MIK), Palo Alto Networks (PANW), Pivotal Software (PVTL), and Slack (WORK) are on the docket.

Thursday, Sept. 5, is packed with economic reports, including the Fed balance sheet, weekly jobless claims, the ADP employment report, the ISM non-manufacturing index, as well as data on crude inventories, factory orders, and productivity and costs. Traders can expect quarterly reports from Ciena (CIEN), CrowdStrike (CRWD), DocuSign (DOCU), Kirklands (KIRK), Lands' End (LE), lululemon athletica (LULU), Signet Jewelers (SIG), Zoom Video (ZM), and Zumiez (ZUMZ).

August payrolls data will cap the week on Friday, Sept. 6. National Beverage (FIZZ) will step into the earnings confessional.

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!