Fed Meeting, Jobs Data, Apple Earnings Headline Busy Week
Several housing updates are also due
Next week will be a busy one on Wall Street, with both the economic and earnings calendars packed full of potential market-moving events. In addition to the Federal Open Market Committee's (FOMC) two-day policy-setting meeting -- where a rate hike isn't expected -- the July jobs report is due on Friday. Meanwhile, a number of blue chips are set to report, including Apple Inc. (NASDAQ:AAPL), and Tesla Inc (NASDAQ:TSLA) will extend its stay in the spotlight when it reports earnings.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
The pending home sales index and the Dallas Fed manufacturing survey are due on Monday, July 30. Caterpillar (CAT), AK Steel (AKS), Athenahealth (ATHN), Bloomin' Brands (BLMN), NutriSystem (NTRI), Papa John's (PZZA), Seagate Technology (STX), SunPower (SPWR), and Transocean (RIG) will report earnings.
Tuesday, July 31, brings updates on personal income and spending and the employment cost index. The S&P CoreLogic Case-Shiller home price index, Chicago purchasing managers index (PMI), and consumer confidence will also hit the Street, and the Fed's two-day policy-setting meeting kicks off.
Dow members Apple (AAPL), Pfizer (PFE), and Procter & Gamble (PG) will tell all in the earnings confessional. Quarterly results from Akamai Technologies (AKAM), Anadarko Petroleum (APC), Archer Daniels Midland (ADM), bluebird bio (BLUE), BP (BP), Cheesecake Factory (CAKE), Cummins (CMI), Groupon (GRPN), Lumber Liquidators (LL), Pandora (P), Ralph Lauren (RL), Shopify (SHOP), Stamps.com (STMP), and Whiting Petroleum (WLL) will report, as well.
July vehicle sales will roll in on Wednesday, Aug. 1. ADP will release its private-sector payrolls report, while the Markit purchasing managers manufacturing index (PMI), the Institute for Supply Managers (ISM) manufacturing index, construction spending, and weekly crude inventories update are also expected. Additionally, the Fed is expected to release its latest policy decision at 2 p.m. ET.
The earnings lineup runs deep. Among those set to report are Chesapeake Energy (CHK), Cirrus Logic (CRUS), Express Scripts (ESRX), FireEye (FEYE), Fitbit (FIT), Garmin (GRMN), Humana (HUM), Marathon Oil (MRO), Molson Coors Brewing (TAP), Qorvo (QRVO), Super Micro Computer (SMCI), Square (SQ), Tesla (TSLA), TripAdvisor (TRIP), U.S. Steel (X), Wynn Resorts (WYNN), and Yelp (YELP).
Weekly jobless claims and factory orders will be in focus on Thursday, Aug. 2. Earnings from DowDuPont (DWDP), Activision Blizzard (ATVI), Aetna (AET), Becton Dickinson (BDX), GoDaddy (GDDY), GoPro (GPRO), MGM Resorts International (MGM), Nu Skin Enterprises (NUS), Pinnacle Foods (PF), Shake Shack (SHAK), Tableau Software (DATA), Take-Two Interactive Software (TTWO), and Teva Pharmaceuticals (TEVA) will be released.
The Labor Department's monthly payrolls report will be the marquee event on Friday, Aug. 3. Wall Street will also get the latest international trade data, the ISM non-manufacturing index, and the Baker-Hughes rig count. Berkshire Hathaway (BRK.A), Kraft Heinz (KHC), and Noble Energy (NBL) will report earnings.