Schaeffer's 43rd Anniversary Stock Picks in 2024

Looking Ahead to Next Week's Slew of Economic Data

Manufacturing and home sales data is on tap

Digital Content Manager
Aug 19, 2021 at 10:00 AM
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Though the earnings docket looks comparatively bare next week, with the height of the earnings season just now behind us, there will still be more than enough economic data to unpack. More specifically, the Markit manufacturing purchasing managers' index (PMI) is due out, in addition to new and existing home sales, personal income, and consumer goods data. Plus, initial and continuing jobless data remains on tap, as well as a gross domestic product (GDP) revision.

As for earnings, a few big names are yet to report, including Abercrombie & Fitch (ANF), Best Buy (BBY), Dick's Sporting Goods (DKS), Dollar General (DG), Dollar Tree (DLTR), JD.Com (JD), Palo Alto Networks (PANW), Peloton (PTON), Salesforce (CRM), Snowflake (SNOW), Ulta Beauty (ULTA), Urban Outfitters (URBN), and Williams-Sonoma (WSM).

Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.

Monday, August 23, brings both the Markit manufacturing and services PMI, as well as existing home sales data.

Things will be quiet on Tuesday, August 24, with only new home sales data on tap.

On Wednesday, August 25, durable and nondefense capital goods orders are due out.

The usual round of initial and continuing jobless claims are scheduled for Thursday, August 26, in addition to a GDP revision.

The week ends on Friday, August 27, with a slew of economic indicators, including personal income, consumer spending, trade in goods, and core personal consumption expenditures (CPE) data. Plus, the University of Michigan will release its final consumer sentiment index.

 

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