Retail is the story this week, with retailer giant Wal-Mart, Macy’s, Nordstrom, Kohl’s reporting earnings, and J.C. Penney is expect to report that its quarterly loss more than halved as it fights its restructuring measures take hold. Retail sales will also be reported from the Monthly Retail Trade Survey of the U.S. Census Bureau on Wednesday.
What follows are calendar highlights for the week. (All times are Eastern Daylight Time; forecasts by analysts/economists polled by Zacks Investment Research.)
Economic Reports
Tuesday, Aug. 12
Treasury Budget, 2 p.m.
Wednesday, Aug. 13
Retail Sales, 8:30 a.m.
Business Inventories, 10 a.m.
EIA Petroleum Status Report, 10:30 a.m.
Thursday, Aug. 14
Jobless Claims, 8:30 a.m.
Import and Export Prices, 8:30
Friday, August 15
Producer Price Index, 8:30 a.m.
Empire State Manufacturing Survey, 8:30 a.m.
Treasury International Capital, 9 a.m.
Industrial Production, 9:15 a.m.
Consumer Sentiment, 9:55 a.m.
Company Earnings Reports
Monday, Aug. 11
Priceline Group (Consensus estimate is $11.33 vs $9.05 a share a year earlier)
Sysco Corp. (49 cents a share vs 59 cents)
Wednesday, Aug. 13
Cisco Systems, Inc. (48 cents a share vs 49 cents)
Deere & Co. ($2.19 a share vs $2.56)
Macy’s Inc. (86 cents a share vs 72 cents)
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Thursday, Aug. 14
J.C. Penney Co. (a loss of 99 cents a share vs a loss of $2.16)
Kohl’s Corp. ($1.08 a share vs $1.04)
Nordstrom Inc. (94 cents a share vs 93 cents)
Wal-Mart Stores, Inc. ($1.21 a share vs $1.24)
Friday, August 15
Estee Lauder Cos. (56 cents a share vs 24 cents)
Best wishes,
The Money and Markets Team
