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.

Retail earnings, Toll Brothers, existing home sales: 3 things to watch By

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