Walmart Ads
Walmart (WMT) is set to report earnings this Thursday. Due to size and influence, quarterly earnings reports from major retailers are often viewed as a barometer of economic health. Two weeks ago, Amazon (AMZN) posted a positive report, a signal that Americans are still spending freely, despite economic turbulence. It could also be a sign Walmart won’t experience a slowdown either.
Investors will look to hear more about Walmart’s recent initiative to capitalize on in-store advertising. By selling ad placements on display screens, at checkout kiosks, and over the speaker system, Walmart hopes to turn its superstores into lucrative billboards on par with Amazon Ads. This push could potentially turn into a high-margin game-changer for the world’s largest retailer.
With both factors in mind, investors will have high expectations for Walmart’s report. Here are some of the other major releases they’ll be on the lookout for in the week ahead.
Economic Data
Tomorrow, investors can expect a trio of economic reports including retail sales, the NAHB Housing Market Index, and an update on business inventories. Notably, the housing market index increased to 56 in July, a sign that demand for new homes remains solid amid elevated construction costs and limited lot availability.
On Wednesday, minutes from the Federal Open Market Committee’s meeting last week will be released. This should give investors more insight into the central bank’s current stance regarding interest rates. Additionally, investors will get an update to the 30-year fixed-rate mortgage, which currently sits just above 7%.
On Thursday, investors will get an update on the state of the job market, with reports for both initial and continuing jobless claims. For the week that ended July 29, the number of Americans filing for unemployment benefits hit 227,000, up from 221,000 the previous week.
Earnings
Appropriately, Monday.com (MNDY) will kick off the earnings week today. Investors will be eager to see if the project management software company can build off its strong previous quarter, in which it reported revenue of $162.26 million, up nearly 50% annually.
Tomorrow, Home Depot (HD) and H&R Block (HRB) will both give updates on their latest quarters. Notably, Home Depot shareholders will want to hear about the construction supplier’s struggle against organized retail theft, which is eating into profits.
On Wednesday, TJX Companies (TJX) and Target (TGT) will keep the retail reports flowing. Target shareholders will tune in to hear more about its plan to allow customers to add Starbucks (SBUX) drinks to their online orders. It’s part of the big-box retailer’s push to turn things around, after sales dipped 19% on a quarterly basis last quarter.
On Thursday, Walmart (WMT), Ross (ROST), and Tapestry (TPR) will offer an update on their businesses. Tapestry, the owner of Coach and Kate Spade, will surely discuss the company’s recent $8.5 billion acquisition of Jimmy Choo and Michael Kors parent company Capri Holdings (CPRI).
On Friday, Deere & Company (DE) will update investors on its most recent quarter and expand on its plan to cut carbon emissions by 30% by 2026. Cybersecurity company Palo Alto Networks (PANW) and the Chinese EV company Xpeng (XPEV) will turn in quarterly reports as well.
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