Reply To: Traders Market Weekly: Jobs, Inflation and PMI Pressures

#42342
Truman
Participant

Wednesday – August 24

8:30 a.m. The report on durable goods orders for July is expected to show a 0.6% gain, although Bank of America has come in late with a prediction for a large beat of +1.2%. Aircraft orders and motor vehicle orders are noted to have likely been strong given that Boeing (BA) reported 130 orders in July and motor vehicle assemblies improved in July.

12:00 p.m. Rite Aid (RAD) will host a virtual shareholder investor event with CEO Heyward Donigan and CFO Matt Schroeder scheduled to answer questions from interest parties. Heading into the event, stock has been the subject of activist speculation and has a high level of short interest outstanding on it.

1:00 p.m. Cisco (CSCO) and Loop Capital Host a Tech Talk on Cisco’s Optical Business.

Postmarket – Nvidia’s (NVDA) earnings report and guidance update could create ripples across the tech sector. Some of the stocks that correlate the tightest with NVDA are AMD (AMD), Analog Devices (ADI), Applied Materials (AMAT), and Agilent (A).