Market Preview: Earnings from Sysco, Walmart and Deere, and a Packed Economic Calendar

Though earnings season is winding down, there are still a few market-moving companies to report next week. Home Depot (HD), Cisco Systems (CSCO), Walmart (WMT) and Deere (DE) all will be reporting earnings. From these reports investors will interpret data on consumer spending, the health of the tech rally, and how U.S. companies are being treated internationally as the tariff standoffs continue. Most expect good numbers from these stalwarts as reporting on second quarter earnings winds down.   

While this week’s economic calendar was light, next week brings a bevy of economic numbers for analysts to chew on. We’ll start off lite with nothing Monday and only import and export prices on Tuesday. But, hold onto your economic hats as Wednesday brings new mortgage applications, retail sales, the Empire State manufacturing survey, productivity and unit costs, industrial production, and business inventories. Needless to say there will be a plethora of analysts spouting opinions as the economic numbers fly. Thursday we’ll get housing starts and jobless claims, and we’ll wrap up the week with consumer sentiment on Friday

Monday investors will digest earnings from foodservice supplier Sysco (SYY). Analysts are looking for Sysco to continue its winning ways, with the stock up over 40% the past year. The main question for management will be how they are planning on handling rising commodity costs going forward. Also reporting Monday is JinkoSolar (JKS). Named the number one supplier of solar panels in China by Fortune, the stock has been in a steady decline. Analysts will want to know if rising oil prices are improving the prospects for solar. But, there will also be questions around U.S. tariffs on solar products and how that will impact Jinko.

With no economic numbers Monday, the market may also focus on earnings from YY, Inc. (YY). Fortnite has been blowing up streaming services like Twitch, a subsidiary of Amazon (AMZN). Analysts  will be eager to hear how the Chinese streaming service is faring, and how they perceive the competitive landscape in this evolving sector.

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