Broadcom, Chewy, CrowdStrike and Zoom Video will step into the earnings confessional
Next week brings both the end of August and the beginning of September. Investors will have plenty of economic data to unpack as well, as they rush into the final stretch of the third quarter. Keeping them busy next week is the Chicago purchasing managers' index (PMI), as well as manufacturing and services data. The Case-Shiller home prices index is also due, in addition to the latest round of jobless claims data, and an update on the unemployment rate.
Though the earnings docket is getting quieter, some of the biggest names to step into the confessional include American Eagle (AEO), Broadcom (AVGO) Campbell Soup (CPB), Chewy (CHWY), Cloudera (CLDR), CrowdStrike (CRWD), DocuSign (DOCU), Hormel Foods (HRL), Lululemon Athletica (LULU), Signet Jewelers (SIG), and Zoom Video (ZM).
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
The week will be off to a quiet start on Monday, August 30, with only pending home sales data on tap.
The pace picks up on Tuesday, August 31, with the Case-Shiller home price index and the consumer confidence index set to come out. Plus, the year-over-year Chicago PMI is due.
Wednesday, September 1, brings a slew of economic indicators, including the ADP employment report, as well as construction spending and motor vehicles sales data. Traders will also be eyeing the final Markit manufacturing PMI, and the Institute for Supply Management (ISM) manufacturing index.
Things will show no signs of slowing down on Thursday, September 2, with investors expecting to see trade balance data and factory orders, in addition to the usual round of initial and continuing jobless claims. Revised capital goods orders, as well as productivity and unit labor costs data are also on the calendar.
Finally on Friday, September 3, there will be updates on the unemployment rate and average hourly earnings. What's more, the final Markit services PMI is due, alongside the ISM services index and nonfarm payrolls.