Jobs will be in focus this upcoming week as investors will take in data including ADP employment and nonfarm payrolls for the month of July.
Additionally, investors will keep a close eye on the latest developments on infrastructure talks over the $1 trillion plan.
And a slew of companies will also report earnings including CVS Health, Moderna and General Motors to name a few.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 34935.47 | -149.06 | -0.42% |
SP500 | S&P 500 | 4395.26 | -23.89 | -0.54% |
I:COMP | NASDAQ COMPOSITE INDEX | 14672.677608 | -105.59 | -0.71% |
This as the Dow Jones Industrial Average and S&P 500 are sitting near record highs.
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Monday 8/2
Kicking off earnings on Monday before the opening bell will be luxury automaker Ferrari, followed by a slew of earnings after the bell including Columbia Sportswear, Diamondback Energy, Freshpet, NXP Semiconductors, Simon Property Group, Take-Two Interactive, and Williams Companies.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
RACE | FERRARI NV | 218.29 | +2.05 | +0.95% |
COLM | COLUMBIA SPORTSWEAR | 99.62 | -0.69 | -0.69% |
FANG | DIAMONDBACK ENERGY, INC. | 77.13 | -2.41 | -3.03% |
FRPT | FRESHPET | 146.45 | -0.54 | -0.37% |
NXPI | NXP SEMICONDUCTORS NV | 206.39 | +2.12 | +1.04% |
SPG | SIMON PROPERTY GROUP, INC. | 126.52 | +0.60 | +0.48% |
TTWO | TAKE-TWO INTERACTIVE SOFTWARE, INC. | 173.42 | +3.43 | +2.02% |
WMB | THE WILLIAMS COS., INC. | 25.05 | -0.40 | -1.57% |
Meanwhile, construction spending and the Institute of Supply Management’s manufacturing purchasing manager’s index will jumpstart the week for economic data.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
LB | L BRANDS, INC. | 80.07 | +0.59 | +0.74% |
BBWI | n.a. | n.a. | n.a. | n.a. |
Another stock in focus will be L Brands, whose stock symbol will officially change its name to Bath & Body Works, Inc. The stock, which currently trades under the ticker symbol LB, will begin trading under the ticker symbol BBWI on Monday.
Victoria’s Secret will separate from the company, becoming its own publicly traded entity. The separation will be achieved through distribution of 100% of the shares of Victoria’s Secret to holders of L Brands common stock, which is expected to be completed after market’s close on Tuesday. L Brands stockholders will receive one share of Victoria’s Secret common stock for every three shares of L Brands common stock held at the close of business as of July 22.
Following the distribution of Victoria’s Secret’s common stock, the lingerie giant will begin trading on Tuesday under the ticker symbol VSCO.
Tuesday 8/3
The earnings parade will continue on Tuesday with major names including Blue Apron, Clorox, ConocoPhillips, Discovery, Eli Lilly, Marriott…
Read More: July jobs report, GM, CVS earnings and infrastructure talks top week ahead