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

Deere, Foot Locker, Newcrest Mining: 3 Things to Watch

Published 18/08/2022, 21:16
Updated 18/08/2022, 21:16
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- Stocks were wobbling heading into the close on Thursday as investors continued to absorb a mixed bag of reports from retailers.

Some, like Walmart Inc (NYSE:WMT) and BJs Wholesale Club Holdings Inc (NYSE:BJ) have credited strong sales in their grocery businesses for helping to carry the day, while others such as Target Corporation (NYSE:TGT) and Kohl's Corp (NYSE:KSS) have cited ongoing struggles as inflation-strapped shoppers hold back on purchases. Still, for the most part the news from the retail sector has been mildly positive, with executives citing a good start to back-to-school shopping and hope that holiday sales will not disappoint.

It's entering a quiet part of the calendar as investors pause for the last few weeks of summer before the Labor Day holiday. Federal Reserve officials will head to their annual conference in Jackson Hole, Wyo., next week. The Fed's policy making committee is next scheduled to meet over interest rates next month.

Next week brings more housing data in the form of new and pending home sales, as well as the second reading of second quarter economic output and inflation data later in the week.

Here are three things that could affect markets tomorrow:

1. Deere earnings

The farm equipment maker Deere & Company (NYSE:DE) is expected to report earnings per share of $6.64 on revenue of $12.96 billion.

2. Footlocker earnings

Foot Locker Inc (NYSE:FL), the athletic apparel retailer, is expected to report EPS of 85 cents on revenue of $2.08 billion.

3. Newcrest Mining earnings

Newcrest Mining Ltd (ASX:NCM) (OTC:NCMGF) of Canada is expected to report earnings per share of 50 cents on revenue of $2.5 billion.

Latest comments

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.