Federal Budget Update, Retail Earnings Highlight Labor Day Week

More employment data is due out, too

Digital Content Manager
Sep 3, 2020 at 3:11 PM
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Though the second week of September will be a holiday-shortened one, that doesn't mean it will be any less busy. There will be some earnings stragglers, an inflation update, yet another fresh round of weekly jobless claims and a job vacancies survey to unpack over the Labor Day week. Keep an eye on the retail sector, with several high-profile names to step into the earnings confessional, including Lululemon (LULU), GameStop (GME), Chewy (CHWY) and Kroger (KR). 

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

On Monday, September 7 markets will be closed in observance of Labor Day. 

Tuesday, September 8, features the National Federation of Independent Business (NFIB) small-business index and a consumer credit report. The earnings docket will feature LULU and Slack Technology (WORK).

By Wednesday, September 9, investors' attention will drift to a U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) survey. That same day, corporate reports from American Eagle (AEO), GME and Navistar (NAV) are set to roll in.

Yet another batch of weekly jobless claims are due out on Thursday, September 10, as well as the Producer Price Index (PPI) and wholesale inventories data. Meanwhile, CHWY, Dave & Busters (PLAY), Peloton (PTON) and Oracle (ORCL) will all report.

Lastly on Friday, September 11, all eyes will be on the federal budget update, in addition to Consumer Price Index (CPI) data. Investors will also be expecting KR's earnings report.



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