A Slow Week Of Earnings Ahead

There really isn’t much on the financial calendar to move stocks in either direction.

Fewer than 20 companies are scheduled to report. The only S&P 500 member on the calendar is Campbell Soup (CPB).

Upcoming economic data will include August retail sales and preliminary September consumer confidence numbers. Given the lackluster August numbers recently given by retailers, I’m not expecting either report to be particularly optimistic.

The week’s economic schedule includes:

• Monday: July consumer credit
• Tuesday: July pending home sales, July wholesale inventories
• Wednesday: Weekly crude inventories
• Thursday: July trade deficit, August import and export prices, weekly initial jobless claims
• Friday: August Producer Price Index, August retail sales, preliminary September University of Michigan consumer sentiment, July business inventories

The Federal Reserve’s website does not list any upcoming speeches.

The weather remains a wildcard with Hurricane Ike heading towards the Bahamas. If the storm should pass into the Gulf of Mexico, oil futures could be volatile.

Barring an unscheduled event, volume should be modest as traders await the third week of September. Goldman Sachs (GS) will announce earnings on the morning of Sep 16. Fellow brokerage firms Lehman Brothers (LEH) and Morgan Stanley (MS) should also report, though we have not confirmed dates for either of them.

The Fed will hold a one-day meeting on Tuesday, Sep 16; no changes in rates are expected.

Friday, Sep 19 is a quadruple-witching day, meaning the expiration of options and futures contracts. Quadruple-witching day can bring added volatility.

Earnings Calendar

Here is a list of companies that we have confirmed will report during the week of Sep 8 - 12¹.

BMO = Before The Market Open, AMC = After Market Close

Subscribe by RSS Subscribe by Email