With stocks struggling this week it might be a good time to
wipe the slate clean and think about next week.
Besides QE taper talk, this week's pressure on the stock market
seemed to come from a string of disappointing retail profits and
adverse guidance from Cisco. Few seemed focused on the
Middle East. Here's what is on deck for next week:
: It's slow, but the market will get a chance to digest the
weekend events in Egypt.
: Weekly chain store sales will be reported and a number of
retailers release earnings. Weekly chain store sales may
provide insight into back to school spending. Macy's
and Kohl's were cautious with profit guidance, but back to school
seemed to be playing out ok (that's how it sounded to me).
Home Depot, TJX, and Best Buy release earnings. Chip maker Analog
Devices reports earnings after the close.
: FOMC minutes and existing home sales (expected +1.4% to 5.16
mlu) are out. Lowes, Target, Toll Brothers, and H-P report
: The Jackson Hole Fed Conference starts and carries into
Saturday. Flash PMIs for China, the EZ (services forecast
+0.4 to 50.2 and manufacturing projected +0.5 to 50.8), and the
U.S. (expected +0.3 to 54.0) are set for release. There are
a number of retail earnings. Tickers include: ANF, BIG,
BKE, PLCE, DLTR, PERY, GPS, ARO, and SHLD.
: New home sales (expected to fall 2.4% to 485,000 units) will be
reported. Retailers Ann Inc and Foot Locker release
Which event(s) will most influence price action and shape your
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