Alibaba, Walmart To Headline Earnings Next Week, FOMC Minutes Of Meeting In Focus

Get ahead of the market by subscribing to Seeking Alpha’s Wall Street Week Ahead, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports, and conference presentations.

Wall Street’s major market averages were muted on Friday after the S&P 500 notched another record high in the previous session. On the economic calendar, U.S. retail sales dipped 0.6% M/M to $763.6B in July from the previous month’s 0.2% growth to $768.1B.

The economic calendar will continue to remain largely muted for the next week, barring a few important events. Leading them is the FOMC’s minutes of the meeting, releasing on Wednesday. The Philadelphia Fed’s manufacturing index for August and initial jobless claims data are due on Thursday. S&P Global’s PMI data for August is due on Friday.

Alibaba (BABA), Walmart (WMT), Home Depot (HD), and Baidu (BIDU) are among the firms reporting their earnings next week.

______________________________________________________________

Earnings spotlight: Tuesday: BHP Group (BHP), Home Depot, Baidu. See the full earnings calendar.

Earnings spotlight: Wednesday: Target (TGT), Lowe’s (LOW). See the full earnings calendar.

Earnings spotlight: Thursday: Walmart, Alibaba. See the full earnings calendar.

Volatility watch: Amazon (AMZN) and Mercury Systems (MRCY) have seen options volatility increase over the last week. The most overbought stocks per their 14-day relative strength index include SMJ International (SMJF), Hercules Metals (BADEF), and Varex Imaging (VREX). The most oversold stocks per their 14-day Relative Strength Index include Arko (ARKO) and Emergent Bio (EBS). Short interest is elevated again on Sphere Entertainment (SPHR) and Xponential Fitness (XPOF).

Dividend watch: Companies that have an ex-dividend date coming next week include ConocoPhillips (COP), Chevron (CVX), Applied Materials (AMAT), and Microsoft (MSFT).

IPO watch: IPOs expected to price during the