Wall Street Breakfast: The Week Ahead

Wall Street is cautious heading into next week, after having seen the tech-heavy Nasdaq Composite (COMP:IND) slide into correction territory. The ...

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Welcome to the Sunday edition of Wall Street Breakfast, which previews events for investors to watch during the upcoming week. If you want to receive this a day earlier, follow Stocks to Watch and select the option to receive email notifications. Top News honglouwawa/iStock via Getty Images Wall Street is cautious heading into next week, after having seen the tech-heavy Nasdaq Composite (COMP:IND) slide into correction territory. The market narrative has changed in a matter of days, and concerns now abound that the Federal Reserve has slowed down the economy too much and has not eased policy soon enough. The latest nonfarm payrolls report has stoked recession worries, and investors will be paying close attention to upcoming economic data. Monday will see measures on the U.S. services sector, where attention will be on the employment and prices components. There will also be the Fed's Senior Loan Officer Opinion Survey to give the latest read on credit conditions in the economy. Finally, Thursday's update on initial jobless claims will garner attention, especially after the July jobs report. The second quarter earnings season will ease up somewhat, though there will still be reports from hundreds of notable names, including theme park and entertainment giant Walt Disney (DIS), construction equipment behemoth Caterpillar (CAT), meat processing major Tyson Foods (TSN), ride-hailing leader Uber (UBER) and vacation rental firm Airbnb (ABNB). Earnings Earnings spotlight: Monday, August 5 - CSX Corporation (CSX), Williams Companies (WMB), Tyson Foods (TSN), and Carlyle Group (CG). See the full earnings calendar. Earnings spotlight: Tuesday, August 6 - Amgen (AMGN), Caterpillar (CAT), Uber Technologies (UBER), Airbnb (ABNB), Duke Energy (DUK), Celsius Holdings (CELH), and Yum! Brands (YUM). See the full earnings calendar. Earnings spotlight: Wednesday, August 7 - Disney (DIS), McKesson (MCK), CVS Health (CVS), Hilton Worldwide (HLT), Shopify (SHOP), and Fastly (FSLY). See the full earnings calendar. Earnings spotlight: Thursday, August 8 - Eli Lilly (LLY), Gilead Sciences (GILD), Expedia (EXPE), Take-Two Interactive (TTWO), Paramount Global (PARAA), and Datadog (DDOG). See the full earnings calendar. Earnings spotlight: Friday, August 9 - AMC Networks (AMCX) and American Axle (AXL). See the full earnings calendar. Data Volatility watch: Options trading volume is elevated on Lumen Technologies (LUMN) and TeraWulf (WULF) ahead of their earnings reports. The most overbought stocks per their 14-day relative strength index include Lumen Technologies (LUMN), Enova International (ENVA), and Inspirato (ISPO). The most oversold stocks per their 14-day Relative Strength Index include CrowdStrike (CRWD) and Five Below (FIVE). Short interest has moved higher on Dave (DAVE) and Forward Air (FWRD). IPOs IPO watch: No new IPOs are expected to start trading next week. IPO lockup periods expire on blocks of shares of BBB Foods (TBBB), Metagenomi (MGX), and Telomir Pharmaceuticals (TELO). In Case You Missed It ... U.S. economy jitters are spurring more caution among consumers, survey shows Tech giants with poor Q2 results dominate top trending stocks this week Berkshire operating earnings growth slows on BNSF, energy softness, lower investment gains Hawaiian Electric, others reach $4B settlement with Maui wildfire plaintiffs DexCom, Abbott to benefit from the multi-billion-dollar OTC continuous glucose market NFL's $4.7B verdict in Sunday Ticket case tossed out by judge S&P 500 advances more than 1% in July amid Fed rate cut bets, 'rotation' buzz Starbucks sees global comparable sales fall 3% as weakness in China continues CrowdStrike likely to limit long-term damage over outage: Morgan Stanley Seeking Alpha's Wall Street Breakfast Podcast Seeking Alpha's Wall Street Breakfast podcast brings you all the news you need to know for your market day. Released by 8:00 AM ET each morning, it is a quick listen that you can put on as you get ready to start your working day.
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