Week Ahead: Aug 6th-10th Key Events & Earnings
Retailers to report, US Consumer Credit, Factory orders in Germany and Industrial production from the UK.
A slew of data from China on Thursday. CPI, PPI, Retail sales and Industrial production will forecast some light on how the Chinese economy is really slowing, or not.
Some KEY reports to consider include:
Chesapeake Energy (CHK), Walt Disney (DIS), News Corp (NWSA), Priceline (PCLN) and CF Industries (CF)
Monday: Chesapeake Energy (CHK), Tyson Foods (TSN), McDermott International (MDR), Clean Energy Fuels (CLNE), Isis Pharmaceuticals (ISIS), Sohu.com (SOHU), Leap Wireless International (LEAP), Cinemark Holdings (CNK), and Caribou Coffee (CBOU)
Tuesday: Priceline.com (PCLN), Office Depot (ODP), Rackspace Hosting (RAX), CVS Caremark (CVS), Express Scripts Holding Company (ESRX), Sirius XM Radio (SIRI), Cree (CREE), MGM Resorts International (MGM), Walt Disney (DIS), Molson Coors Brewing (TAP), Live Nation Entertainment (LYV), and STEC (STEC)
Wednesday: Kinross Gold (KGC), Alpha Natural Resources (ANR), Dean Foods (DF), DISH Network (DISH), Macy's (M), Ralph Lauren (RL), Computer Sciences (CSC), Universal Display (PANL), SunPower (SPWR), Monster Beverage Corp (MNST), Jack in the Box (JACK), and News Corp. (NWSA)
Thursday: Kohl's (KSS), Royal Gold (RGLD), Randgold Resources (GOLD), Silver Standard Resources (SSRI), Silver Wheaton (SLW), DeVry (DV), Nordstrom (JWN), Red Robin Gourmet Burgers (RRGB), Advance Auto Parts (AAP), NVIDIA (NVDA), Cooper Tire & Rubber (CTB), Wendy's (WEN), and Brinker International (EAT).
Friday: J.C. Penney (JCP)
*Always possible errors and changes
**Major Events and Key Reports
**Monday, August 6
US Economics (Time Zone: EDT)
No major economic reports
11:00 Fed to purchase $4.5b-$5.5b notes in 8 to 10-year range
11:30 Treasury selling $32b 3-month bills, $28b 6-month bills
Global Economics (Time Zone: GMT)
05:00 JPY Leading Index
06:30 EUR Eurozone Sentinx Investor Confidence
22:45 NZD Average Hourly Earnings
10:00 Netherlands to sell EU4b in bills
14:00 France to sell bills
Earnings
Before:
HCA Holdings (HCA) EPS 78c
After:
Chesapeake Energy (CHK) EPS 7c
Caesars (CZR) EPS -96c
CF Industries (CF) EPS $8.71
**Tuesday, August 7
US Economics (Time Zone: EDT)
10:00 JOLTS Job Openings - prior 3642
3:00 Consumer Credit – consensus $10.00B, prior $17.12B
11:00 Fed buying $4.25b-5b in 6 to 8-year range
11:30 Treasury selling 4-week bills
1:00 Treasury selling $32b 3-year notes
Global Economics (Time Zone: GMT)
04:30 AUD RBA Rate Decision
05:45 CHF Unemployment Rate
07:15 CHF CPI
08:30 GBP Industrial Production
09:00 EUR Italian GDP
10:00 EUR German Factory Orders
23:50 JPY Trade Balance
11:00 Greece to sell EU625m 6-month bills
12:00 EFSF to sell EU1.5b 3-month bills
Earnings
Before:
Sirius (SIRI) EPS 2c
MGM (MGM) -15c
CVS Caremark (CVS) EPS 74c
After:
Walt Disney (DIS) EPS 93c
Priceline.com (PCLN) EPS $7.36
Express Scripts (ESRX) EPS 82c
Cablevision (CVC) EPS 19c
**Wednesday, August 8
US Economics (Time Zone: EDT)
07:00 MBA Mortgage Purchase Index
08:30 Nonfarm Productivity – consensus 1.4%, prior -0.9%
08:30 Unit Labor Costs – consensus 0.4%, prior 1.3%
11:00 Fed to purchase $1.5b-$2b in 25 to 30-year range
1:00 Treasury selling $24b in 10-year notes
Global Economics (Time Zone: GMT)
01:30 AUD Home Loans
04:30 JPY Bankruptcies
06:00 EUR German Trade Balance
09:30 GBP BoE Inflation Report
22:45 NZD Unemployment Rate
23:50 JPY Machine Orders
12:30 Germany to sell EU4b 10-yr notes
Earnings
Before:
Alpha Natural Resources (ANR) EPS -32c
Ralph Lauren (RL) EPS $1.77
After:
News Corp (NWSA) EPS 32c
Monster Beverage (MNST) EPS 61c
Macy’s (M) EPS 64c
**Thursday, August 9
US Economics (Time Zone: EDT)
08:30 Initial Jobless Claims – consensus 370K, prior 365K
08:30 Continuing Claims – consensus 3272K, prior 3272K
08:30 Trade Balance – consensus -$47.5B, prior -$48.7B
10:00 Wholesale Inventories – consensus 0.3%, prior 0.3%
11:00 Fed buying $1b-$1.5b TIPS in 7 to 30-year range
1:00 Treasury selling $16b 30-year bonds
Global Economics (Time Zone: GMT)
JPY Bank of Japan Rate Decision
01:30 AUD Employment Change
01:30 CNY CPI
01:30 CNY PPI
05:00 JPY Consumer Confidence
05:30 CNY Industrial Production
05:30 CNY Retail Sales
12:15 CAD Housing Starts
Earnings
Before:
Kohl’s (KSS) EPS 96c
Advance Auto Parts (AAP) EPS $1.40
After:
NVIDIA (NVDA) EPS 22c
Fusion-IO (FIO) EPS 4c
Nordstrom (JWM) EPS 74c
**Friday, August 10
US Economics (Time Zone: EDT)
08:30 Import Price Index MoM – consensus 0.2%, prior -2.7%
08:30 Import Price Index YoY – consensus -2.7%, prior -2.6%
02:00 Monthly Budget Statement – consensus -$103.0B
11:00 Fed to sell $7b-$8b notes in 1-2 year range
Global Economics (Time Zone: GMT)
04:30 JPY Industrial Production
06:00 EUR German CPI
08:30 GBP PPI
12:30 CAD Unemployment Rate
11:10 UK to sell bills
Earnings
Before:
JC Penney (JCP) EPS -23c
