What to Expect in the Week Ahead (GME, NIO, BILI, KR)
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U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data releases should grab plenty of attention.
Results this week will come from $GameStop (GME.US)$ and $NIO Inc (NIO.US)$ on Wednesday, $DocuSign (DOCU.US)$ and $Zscaler (ZS.US)$ on Thursday, and $The Kroger (KR.US)$ on Friday. $Apple (AAPL.US)$ will also host a product launch event on Wednesday, when it is expected to unveil a new lineup of iPhones and Apple Watches.
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Economic data releases next week include the Institute for Supply Management's Services Purchasing Managers' Index for August on Tuesday. Other data for investors and economists to watch next week will be the Federal Reserve's sixth beige book of the year on Wednesday and the Department of Labor's initial jobless claims for the latest week on Thursday.
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Monday 9/5
Equity and fixed-income markets are closed in observance of Labor Day.
Tuesday 9/6
The Institute for Supply Management releases its Services Purchasing Managers' Index for August. Consensus estimate is for a 55 reading, about three points lower than in July. The index is well off its record high of 68.4 from November, but still above the expansionary level of 50.
Wednesday 9/7
$Apple (AAPL.US)$ holds a launch event, titled "Far Out," at its headquarters in Cupertino, Calif. The company is expected to unveil four new iPhone 14 models and three new Apple Watches, along with other products.
The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions with anecdotal data collected by the 12 regional Federal Reserve banks.
The Mortgage Bankers Association releases its mortgage application survey for the week ending on Sept. 2. Mortgage applications have dropped for three consecutive weeks and are at a multidecade low amid record-high home prices and surging mortgage rates.
Thursday 9/8
$Moderna (MRNA.US)$ hosts a research and development day, with presentations from its executive leadership, including CEO Stéphane Bancel.
The European Central Bank announces its monetary-policy decision. Traders are pricing in a 60% chance of a jumbo-size 75-basis-point hike, which would bring ECB's deposit facility rate to 0.75%. At its last meeting, in July, the central bank lifted its key interest rate by half a percentage point, from negative 0.5% to zero. It has been just over a decade since the deposit facility rate was last above zero.
The Department of Labor reports initial jobless claims for the week ending on Sept. 3.
Friday 9/9
$The Kroger (KR.US)$ reports second-quarter fiscal-2023 results.
$Tapestry (TPR.US)$, the parent company of fashion brands Coach and Kate Spade, holds an investor day at its headquarters in New York. The company will discuss its long-term strategic initiatives and update its financial outlook.
The Federal Reserve releases the Financial Accounts of the United States for the second quarter. The report gives a snapshot of the nation's household net worth and debt. In the first quarter, household net worth fell by $544 billion, to $149.3 trillion. It was the first decline since the first quarter of 2020. With the $S&P 500 Index (.SPX.US)$ plunging more than 16% in the second quarter, it's very likely that the report will show another decrease.
Sectors Performance
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![What to Expect in the Week Ahead (GME, NIO, BILI, KR)](https://ussnsimg.moomoo.com/feed_image/77777014/acdb789dafd03a9cb694b67963190a40.png/bigmoo)
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Source: Finviz, Dow Jones Newswires, Market Watch
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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71707650 : sweet recession continues
BadBoys4Life : Let’s go to 350 on the $SPDR S&P 500 ETF (SPY.US)$
WallStreetYoda : corn lol
and platinum Center stage
amusing Hyena_0684 71707650 : SQQQ all day