Stocks To Watch: Eyes On Treasury Yields, China EV Names, And Lululemon

Summary:

Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations.

Stocks to Watch subscribers can also tune in on Sundays for a curated podcast that’s available on Seeking Alpha, Apple Podcasts, Stitcher and Spotify.

The week ahead will include a major focus on economic releases, with the Fed’s favorite inflation gauge and the August jobs report both due to arrive. The hawkish tone from Federal Reserve Chairman Jerome Powell was an indication that there won’t be much slack in the battle to bring down inflation, while the jobs report on September 1 will be the last such release before the central bank’s meeting on September 20. Economists expect payroll gains to moderate to 150K in August from 187K in July, and for the unemployment rate to tick up to 3.6% from 3.5%. Hourly earnings growth is forecast to slow to +0.3% month-over-month from +0.4%. The economic reports will arrive with Treasury yields on the march higher and futures trading pricing in roughly a two-thirds probability that the central bank will boost its key interest rate by a quarter percentage point in November after a pause in September. In geopolitics, a key event that could impact trading next week will be U.S. Commerce Secretary Gina Raimondo’s visit to China from August 27-30. Amid high U.S.-China tensions, developments from the visit could impact certain stocks depending on the outcome, particularly in the semiconductor sector. Meanwhile, the earnings calendar includes key reports from Salesforce (NYSE:CRM) (analysis), Broadcom (AVGO) (preview), and Lululemon (LULU) (preview). Other items to



Leave a Reply

Your email address will not be published. Required fields are marked *