Week Ahead on Wall Street
Today’s entries on the economic calendar are fairly sparse, but keep an eye out for the Dallas Fed’s manufacturing index, which tracks productivity for the region.
Tomorrow, the July Job Openings and Labor Turnover survey, or JOLTs report, is due. This tracks both job openings and layoffs during a given month. June’s report showed job openings fell to hit a nine-month low, but there was no significant uptick in layoffs. Also, watch for June’s S&P Case-Shiller Home Price Index, which declined for the second-straight month in May. The Conference Board’s August Consumer Confidence Index is due as well, after falling for the third-straight month in July.
Wednesday, ADP will publish its retooled private payrolls report. The report has not been released since May as ADP has attempted to make it more reflective of the labor market.
More job market data is on the way Thursday, as jobless claims will be published. Initial filings fell last week, coming in at 243,000 which was below estimates of 255,000. Also, watch for Challenger job cuts for August, which dropped in July. ISM will also publish its manufacturing PMI for August, after reporting the sector grew last month.
Friday will bring the week’s economic calendar to a close with even more labor market data. The Bureau of Labor Statistics will report August’s unemployment rate and nonfarm payrolls. In July the unemployment rate ticked down to 3.5%, which is in line with pre-pandemic levels.
Today, Gambling.com Group (GAMB) is set to publish earnings. The company doesn’t operate gaming sites or apps but provides marketing services to sportsbooks and other firms. CEO Charles Gillespie recently predicted week one of the NFL season will set records in terms of bets placed.
Tomorrow, pet products ecommerce site Chewy (CHWY) will hand in its latest report card. This past Friday marked National Dog Day, and Chewy partnered with Blue Buffalo pet food (GIS) to offer e-gift cards for customers who spent over a certain amount.
Wednesday, medical device firm Cooper Companies (COO) is set to report earnings. Earlier this month Cooper announced it will be participating in the Wells Fargo (WFC) Healthcare Conference, scheduled for next Wednesday, which will be livestreamed.
Thursday, sporting apparel company Lululemon (LULU) is scheduled to hold a conference call with analysts to discuss its most recent earnings. The company recently held a “we made too much” pre-Labor Day sale.
Campbell Soup Company (CPB) will publish earnings that same day. Earlier this month, the company unveiled a new product in partnership with Dunkin’ – pumpkin spice Goldfish grahams.
The Week Ahead at SoFi
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