The Week Ahead - August 19-23

Author

TraderTV Live
August 18, 2024

The Week Ahead: August 19-23


As we transition into a pivotal week for the markets, our latest YouTube video, "The Week Ahead," is here to equip you with the insights you need to navigate the upcoming economic events and earnings reports. With Fed Chair Powell taking to the spotlight headlining the Jackson Hole Symposium speaking Friday! We’ll also get a slew of critical earnings announcements, there’s no shortage of opportunities for savvy traders. Whether you're looking to capitalize on retail earnings or decipher the implications of Fed updates, this week promises to be filled with market-moving moments. Let's dive into what each day has in store!

🔸 MONDAY: Earnings On Watch To Kick Off The Week!

  • Premarket Earnings: Look out for reports from ZIM Integrated Shipping Services and Estee Lauder.

  • Economic Data:

    • CB Leading Index Change for July at 10 AM

    • 3-Month and 6-Month Bill Auctions at 11:30 AM

  • Key Event: EnerCom Denver, the Energy Investment Conference, runs from August 18th to 21st.

  • Earnings Alert: Palo Alto Networks reports after the bell, with expectations set for $2.16 billion in revenue for fiscal Q4.

🔸 TUESDAY: More Retail Insights

  • Earnings Reports: Watch for updates from Lowe’s and Xpeng.

  • Economic Data: A quieter day, but keep an eye on Fed’s Bostic’s comments at 1:35 PM and the API crude oil stock change at 4:30 PM.

  • After-Hours Earnings: La-Z-Boy and Toll Brothers are set to report.

🔸 WEDNESDAY: TGT, M & TJX Report!

  • Major Earnings: Target, Macy’s, and TJX Companies are all scheduled to report.

  • Economic Updates:

    • EIA Crude Oil and Gasoline Stock Changes at 10:30 AM

    • 17-Week Bill Auction at 11:30 AM

    • 20-Year Bond Auction at 1 PM

  • Key Event: The Jackson Hole Symposium kicks off, with discussions on “Reassessing the Effectiveness and Transition of Monetary Policy.” Don’t miss comments from Fed Chair Powell and the release of the July FOMC meeting minutes at 2 PM.

🔸 THURSDAY: Key Economic Indicators and Earnings

  • Earnings Reports: BJ Wholesale Club, Peloton, Bilibili, and Baidu are all on the docket.

  • Economic Data:

    • Chicago Fed National Activity Index for July and Jobless Claims at 8:30 AM

    • S&P Global Composite and Manufacturing Flash PMI at 9:45 AM

    • Existing Home Sales at 10 AM

    • EIA Natural Gas Stocks Change at 10:30 AM

  • After-Hours Earnings: Expect reports from Cava, Bill Holdings, and Intuit.

🔸 FRIDAY: Jerome Powell LIVE From Jackson Hole Symposium @9 am ET

  • Jackson Hole Symposium: Fed Chair Powell SPEAKS at 9 am ET!

  • Economic Data

  • New Home Sales and Month-over-Month Change for July at 10 AM

    • Baker Hughes Rig Counts at 1 PM

Why Watch Our Video?

  1. Comprehensive coverage of the week's most important market events.

  2. Expert analysis to help you prepare your trading strategy.

  3. Timely information on potential market movers.

Don’t navigate this crucial week alone! Watch "The Week Ahead" now and arm yourself with the knowledge you need to make informed trading decisions.

Stay informed and get ahead of the market with our detailed breakdown of The Week Ahead. Don't miss out - watch the full video here!