Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Housing Starts, Walmart, Home Depot: 3 Things to Watch

Published 08/15/2022, 03:52 PM
Updated 08/15/2022, 04:05 PM
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- Stocks headed higher, continuing last-week's rally despite weaker economic data from China that could threaten global growth.

Most investors are focused on this week's retail earnings from big companies including Walmart and Target (NYSE:TGT), which serve as a proxy for the health of the American consumer. The reports come after an unexpectedly strong job report for July and unexpectedly positive inflation news. The Federal Reserve is likely to be watching the trends closely as it decides on the next step with interest rates.

The minutes of the Fed's July meeting will be released on Wednesday, providing investors with another window into how policymakers are thinking about the economy given the data they are seeing. Some investors believe the recent trends could lead the Fed to get less aggressive with rate increases as it aims for a "soft landing," which means cooling the economy without large job losses.

This week also brings a slate of data on housing trends, another market that is cooling amid high prices and rising interest rates.

Walmart's earnings report comes out early Tuesday. Here are three things that could affect markets tomorrow.

1. Housing starts

The July housing starts data comes out at 8:30 ET (12:30 GMT). Analysts expect a reading of 1.54 million.

2. Walmart earnings

Analysts expect Walmart Inc (NYSE:WMT), the biggest U.S. retailer, to report earnings per share of $1.63 on revenue of $150.9 billion.

3. Home Depot earnings

Home Depot Inc (NYSE:HD) is expected to report EPS of $4.94 on revenue of $43.4 billion.

 

Latest comments

nice
dollar index will hike today.
dollar index will hike today.
invistmint
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.