Reports from Nvidia, Salesforce, Dell, and CrowdStrike are set to headline a busy week for earnings in the tech sector. Investors are also eyeing financial updates from major retailers like Dollar General, Five Below, Abercrombie & Fitch, and Ulta Beauty.
The week will be capped off with crucial inflation data on Friday, which will be closely monitored by Federal Reserve observers. Other key economic releases include the second-quarter Gross Domestic Product (GDP), housing market data, and consumer sentiment surveys.
Nvidia’s (NVDA) earnings report on Wednesday stands out as a key highlight for the week, with Salesforce (CRM), Dell (DELL), HP (HPQ), and CrowdStrike (CRWD) among the other tech firms set to report. Retail giants like Dollar General (DG), Five Below (FIVE), Abercrombie & Fitch (ANF), and Ulta Beauty (ULTA) are also scheduled to release their earnings.
The release of the Personal Consumption Expenditures (PCE) index on Friday will reveal whether inflation continued to decline in July, potentially signaling the Federal Reserve’s next move. The second-quarter GDP revision is expected on Thursday, while investors will also scrutinize housing data and consumer sentiment surveys.
Monday, Aug. 26
- Durable goods orders (July)
- Dallas Fed Manufacturing Survey (August)
- Trip.com (TCOM) reports earnings
Tuesday, Aug. 27
- S&P CoreLogic Case-Shiller home price index (June)
- FHFA House Price Index (June)
- Richmond Fed Manufacturing Index (August)
- Consumer Confidence (July)
- Earnings reports: Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Box (BOX), Ncino (NCNO)
Wednesday, Aug. 28
- Atlanta Fed President Raphael Bostic delivers remarks
- Earnings reports: Nvidia (NVDA), Salesforce (CRM), Royal Bank of Canada (RY), CrowdStrike (CRWD), HP (HPQ), Okta (OKTA), Abercrombie & Fitch (ANF), Five Below (FIVE)
Thursday, Aug. 29
- Initial jobless claims (Week ending August 24)
- Gross Domestic Product (Q2 – First revision)
- Pending home sales (July)
- Advance wholesale inventories (July)
- Advance international trade: Goods (July)
- Advance retail inventories (July)
- Atlanta Fed President Raphael Bostic delivers remarks
- Earnings reports: Dell (DELL), Marvell Technology (MRVL), Autodesk (ADSK), Canadian Imperial Bank of Commerce (CM), Lululemon (LULU), Dollar General (DG), Ulta Beauty (ULTA), Birkenstock (BIRK)
Friday, Aug. 30
- Personal Consumption Expenditures (July)
- Chicago Business Barometer (August)
- Consumer sentiment (August)
Investors Focused on Earnings from Nvidia, Salesforce, Dell Market attention this week will be on earnings reports from major technology, financial, and retail companies, with Nvidia’s report on Wednesday drawing the most interest.
Nvidia’s earnings come after a previous quarter where the company’s revenue more than tripled and net income grew over six times, both exceeding analyst expectations. This report follows Goldman Sachs recently naming Nvidia the “most important stock” of the year.
Salesforce’s report on Wednesday will provide insight into whether the demand for its AI products continues to boost revenue. Cybersecurity firm CrowdStrike will also report, following a software update that led to a global network outage.
Investors will also be watching how AI impacts computer sales, with HP reporting on Wednesday and Dell on Thursday.
Retail earnings continue this week with several discount chains, including Dollar General, which has been reporting rising same-store sales, and Five Below. Ulta Beauty’s report comes after Warren Buffett’s Berkshire Hathaway disclosed it had acquired shares in the beauty retailer.
Markets Await Key Inflation Data The Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred measure of inflation, will be closely watched. A continued drop in the July reading could suggest that inflation is moving closer to the Fed’s 2% annual target.
Thursday will also see a revision of the second-quarter Gross Domestic Product (GDP) figures, with the first reading indicating a 2.8% growth rate.
