Charles Payne, host of FOX Business, provides insight into investing in the stock market on “making money.”
Investors are bracing for another busy week of corporate earnings and economic data focused on housing and the consumer. Next week will also be big for investors from AMC Entertainment, which will debut APE shares, and Tesla, which will begin trading shares under a 3-for-1 stock split.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 33706.74 | -292.30 | -0.86% |
| SP500 | Standard & Poor’s 500 | 4228.48 | -55.26 | -1.29% |
| I: COMP | Nasdaq Composite Index | 12705.215054 | -260.13 | -2.01% |
On Friday, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite ended the week lower as fears of a September rate hike by the Federal Reserve returned. The Dow lost nearly 300 points on the day.
FOX Business takes a look at upcoming events likely to move financial markets in the coming days.
Stock Market News: GM Update, Bed Bath and Beyond, Stock Slips
Monday 8/22
Palo Alto Networks and Zoom Video Communications will start the week with earnings after the bell. Investors will also take the Chicago Federal Reserve’s National Activity Index.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| bano | Palo Alto Networks Inc. | 513.51 | -4.34 | -0.84% |
| ZM | ZOOM VIDEO COMMUNICATIONS INC. | 99.50 | -3.68 | -3.57% |
In other Fed news, Laurie Logan will take over as Fed chair in Dallas. She replaces Robert Kaplan who quit the role In October after the stock trading controversy.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 18.02 | -1.42 | -7.31% |
In addition, AMC’s preferred stock units are scheduled to begin trading on the New York Stock Exchange under the ticker symbol APE. Each APE unit represents one hundredth of AMC’s Series A Convertible Participating Preferred Stock. AMC will issue one APE as a dividend per share of common stock.
High Interest Rates: Why ETFs Are Good Investments During Tough Times
Tuesday 8/23
Earnings will rise on Tuesday with Dick’s Sporting Goods, Dole PLC, JM Smucker, JD.com, Macy’s and Medtronic before the market open and Advance Auto Parts, Intuit, La-Z-Boy, Nordstrom, Toll Brothers and Urban Outfitters after the bell.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| DKS | DICK’S SPORTING GOODS INC. | 111.05 | -1.42 | -1.26% |
| subvention | DOLE PLC | 9.10 | -0.08 | -0.87% |
| SJM | JM SMUCKER COMPANY. | 139.89 | +0.57 | + 0.41% |
| Dinar | JD.COM INC. | 54.70 | -0.49 | -0.89% |
| M | MACY’S INC. | 19.40 | -0.92 | -4.53% |
| MDT | MEDTRONIC PLC | 95.00 | -0.26 | -0.27% |
| AAP | Advance Auto Spare Parts Company | 207.02 | -0.47 | -0.23% |
| INTU | INTUIT INC. | 463.95 | -13.80 | -2.89% |
| LZB | LA-Z-BOY INC. | 29.47 | -0.77 | -2.55% |
| JWN | Nordstrom Corporation | 24.18 | -0.36 | -1.47% |
| TOL | Toll Brothers Co. | 47.26 | -1.74 | -3.55% |
| URBN | Urban Exhibitors Company | 22.33 | -0.71 | -3.08% |
Housing will be the focus of economic data on Tuesday with new home sales and building permits. Minneapolis Federal Reserve Chairman Neil Kashkari will also participate in a question-and-answer session at the Minnesota Wharton Alumni Club meeting.
Wednesday 24/8
Petco and Brinker International will highlight earnings before the market opens on Wednesday. Autodesk, Box, NetApp, Nvidia, Snowflake, Splunk and Victoria’s Secret will provide earnings results after the bell.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| weft | Petco Health and Wellness Company | 15.88 | -0.85 | -5.08% |
| Eat | Brinker International Corporation | 31.64 | -1.64 | -4.93% |
| ADSK | Autodesk Corporation. | 222.59 | -6.27 | -2.74% |
| can | INC Fund. | 30.36 | -0.60 | -1.95% |
| NTAP | NETAPP INC. | 74.29 | -1.20 | -1.59% |
| NVDA | Nvidia Corp. | 178.49 | -9.24 | -4.92% |
| snow | Snowflake Company | 153.94 | -7.81 | -4.83% |
| SPLKVSCO | gh | gh | gh | gh |
On the economic data front, investors will be digesting durable goods, pending home sales, weekly mortgage applications and the EIA’s weekly crude oil inventories.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| rad | RITE AID CORP. | 7.71 | -0.85 | -9.99% |
Rite Aid will also hold a virtual event where President and CEO Howard Donegan and CFO Matt Schroeder will answer questions from individual shareholders.
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Thursday 8/25
Closing the week for earnings will be Abercrombie & Fitch, Burlington Stores, Coty, Destination XL Group, Dollar General, Dollar Tree, Gap, Hain Celestial Group, Peloton Interactive and Shoe Carnival before the market opens Thursday.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| ANF | Abercrombie & Fitch Company. | 20.58 | -0.65 | -3.06% |
| BURL | Burlington stores | 163.35 | -5.63 | -3.33% |
| kotie | COTY INC. | 7.50 | -0.32 | -4.09% |
| DXLG | Destination group XL | 4.39 | +0.09 | + 2.09% |
| DJ | Dollar General Corporation. | 253.86 | -3.80 | -1.47% |
| DLTR | Dollar Tree Inc. | 167.68 | -0.37 | -0.22% |
| GPS | GAP Company | 10.10 | -0.76 | -7.00% |
| little | HAIN CELESTIAL GROUP INC. | 25.45 | +0.65 | + 2.62% |
| PTON | PELOTON INTERACTIVE INC. | 11.71 | -0.95 | -7.50% |
| SCVL | carnival shoes | 25.44 | -0.18 | -0.70% |
Meanwhile, Dell Technologies, Marvell Technology, Ulta Beauty, VMware and Workday will be earnings to watch after the bell.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| Del | DELL TECHNOLOGIES INC. | 47.67 | -1.27 | -2.60% |
| MRVL | Marvell Technology Co | 53.14 | -1.41 | -2.58% |
| ULTA | ULTA BEAUTY INC. | 403.25 | -6.00 | -1.47% |
| VMW | VMWARE INC. | 121.58 | -0.86 | -0.70% |
| day | WORKDAY INC. | 168.18 | -4.95 | -2.86% |
Economic data on the agenda will include corporate earnings, a second estimate of GDP and the latest in initial and continuing jobless claims.
The Federal Reserve will also host its annual symposium in Jackson Hole, Wyoming, which will bring together leading central bankers, finance ministers, academics and financial market participants from around the world. This year’s meeting, “Reassessing Constraints on Economics and Politics,” runs until August 27.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| TSLA | Tesla Corporation | 890.00 | -18.61 | -2.05% |
In addition, Tesla shares will begin trading under a 3-for-1 stock split. Each registered shareholder beginning August 17 will receive a dividend of two additional shares of common stock for each share held, which will be distributed after trading closes on August 24.
Friday 8/26
Ending the week with economic data will be the Personal Consumption Expenditure Expenditure (PCE) Price Index and the University of Michigan Consumer Sentiment Index.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| UBSI | United Banks Corporation (West Virginia) | 39.93 | -0.29 | -0.72% |
Friday also marks the last day of trading for United Bancshares before its voluntary delisting from the Nasdaq. The company took steps to list its shares on the OTCQX market on or about August 29, under the ticker symbol UBOH.
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