Your current location is:{Current column} >>Text
Retail earnings, Toll Brothers, existing home sales: 3 things to watch By
{Current column}98222People have watched
Introduction-- Stocks were mixed on Monday as investors prepared for a wave of earnings reports from major retai ...
-- Stocks were mixed on Does the country have a foreign exchange trading platformMonday as investors prepared for a wave of earnings reports from major retailers and Federal Reserve Chairman Jerome Powell's speech on Friday.
Powell's speech at the central bank's annual conference in , Wyo., comes amid expectations the Fed will pause on another interest rate increase when it next meets on policy in September. But there are differing views on where the Fed goes after that.
Some economists see one more rate increase this year, and rate cuts coming starting next year, while others see the Fed at the end of its rate increases but prepared to keep rates higher for longer.
The consumer has remained resilient in the face of inflation, which has been cooling off compared with last year's pace. Retailers should be able to project consumer spending trends heading into their important holiday sales season.
This week also features data on existing and new home sales -- critical measures of the housing market recovery amid higher mortgage rates -- and consumer sentiment for August.
Here are three things that could affect markets tomorrow:
1. Retail earnings
A number of retailers are reporting this week. Lowe’s Companies Inc (NYSE:) is expected to report earnings per share of $4.47 on revenue of $24.9 billion, while Macy’s Inc (NYSE:) is expected to report earnings of 14 cents on revenue of $5.07B. BJ's Wholesale Club Holdings Inc (NYSE:) is expected to report earnings per share of 89 cents on revenue of $5.18B.
2.
Home builder Toll Brothers Inc (NYSE:) is expected to report earnings per share of $2.84 on revenue of $2.4B.
3. Existing home sales
Sales of s for July are due out at 10:00 ET (14:00 GMT). Analysts are expecting an annualized number of 4.15 million, down slightly from the month before.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
U.S. PPI, Disney+ subscribers flee, Yellen's new warning
{Current column}-- A new batch of economic data offers an additional view of the U.S. inflation picture. Meanwhile, ...
Read moreOil climbs as EU gets set to ban Russian crude By Reuters
{Current column}© Reuters. FILE PHOTO: A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen i ...
Read moreWall St opens flat as focus turns to Fed meeting By Reuters
{Current column}© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., A ...
Read more
Popular Articles
- North Korea blasts U.S.
- Bond investors go for safety, brace for ultra
- European Stock Futures Higher; HSBC Linked With Breakup By
- Oil climbs as EU gets set to ban Russian crude By Reuters
- Dollar stabilizes ahead of Fed minutes as debt negotiations continue By
- HSBC shares outperform after top shareholder calls for bank's break
Latest articles
-
7 big dividends & buybacks: Costco, J&J hike their payouts
-
German retail sales unexpectedly fall in March By Reuters
-
Dollar surge leaves trail of destruction By Reuters
-
U.S. manufacturing sector slows further; factory workers quitting By Reuters
-
TSMC talking to US about CHIPS Act 'guidance' amid subsidy concerns By Reuters
-
Chevron and Exxon Mobil Fall Following Earnings By