Analysis
Welcome to this morning's outlook for the week ahead in U.S. stocks. We'll walk through the key events that could move share prices next week, including inflation data, Applied Materials earnings, the Google Pixel launch event, and Netflix's live MLB broadcast.
Volatility Watch: Options volatility for SpaceX and Rocket Lab has risen over the past week. Based on the 14-day Relative Strength Index (RSI), the most overbought stocks include SMJ International, Chime Financial, and Utz Brands. The most oversold stocks include QumulusAI, Capricor Therapeutics, and Solowin. Short interest in Virgin Galactic and BigBear.ai is again at elevated levels.
Dividend Watch: Companies going ex-dividend next week include Apple, IBM, Alcoa, and Target.
IPO Watch: Londian Wason New Energy Tech is expected to price its IPO and begin trading. The Chinese copper giant seeks a valuation of $1.7 billion. Quiet periods end for Csquare and Standard Nuclear, allowing analysts to initiate coverage and issue ratings on these two high-volatility semiconductor stocks.
Earnings Watch: Notable earnings reports to watch include Simon Property, Barrick Mining, Rocket Lab, and Archer Aviation. Traders will also keep an eye on AlTi Global, which reports earnings amid swirling M&A news.
Full Week Dynamics: A packed conference calendar includes the Canaccord Genuity Growth Conference, Oppenheimer Technology, Internet & Communications Conference, Needham AI Infrastructure Conference, Deutsche Bank Industrials Summit, and the Keybanc Technology Leadership Forum, all taking place in succession.
Full Day Dynamics: Amazon-owned Zoox will begin charging for its robotaxi operations in Las Vegas.
10:00 a.m.: Micron executives will participate in the KeyBanc Capital Markets Technology Leadership Forum in Deer Valley, Utah.
Earnings Watch: Notable companies scheduled to report include Coreweave, Sea, Cardinal Health, On Holding, and CAVA Group. Options activity suggests Rackspace Technology and Firefly Aerospace could see double‑digit percentage swings post‑earnings.
All-Day Event: Monster Beverage's 2‑for‑1 stock split takes effect.
All-Day Event: The New York Fed releases its Q2 Household Debt and Credit quarterly report and holds a media conference call.
10:00 AM: The National Association of Realtors releases the Existing Home Sales report.
Earnings Watch: Notable companies scheduled to report earnings include Cisco, Coherent, Brinker International, and Cerebras Systems. Options trading indicates that Jack in the Box and StubHub could see double-digit percentage moves following their releases.
All-Day Event: The two-day JPMorgan Auto Conference kicks off. Participating companies include General Motors, Adient, Autoliv, and AEye.
All-Day Event: OPEC will release its monthly oil market report.
All-Day Event: The U.S. Bureau of Labor Statistics will release the July Consumer Price Index (CPI) report. Economists expect core inflation to edge down to 2.5%. The airfare component is expected to post another sharp increase.
6:00 p.m.: Google will hold its Pixel media event. The company is expected to unveil the Pixel 11, Pixel 11 Pro, Pixel 11 Pro XL, and Pixel 11 Pro Fold.
Earnings Watch: Notable companies scheduled to report earnings include Applied Materials, JD.com, Tapestry, and Pershing Square. Options trading suggests that Hawkeye 360 and Bullish could see double-digit percentage moves after their earnings reports.
Full-Day Event: Electronic Arts will officially launch the NFL Madden 27 video game.
Full-Day Event: SanDisk will host an investor day with presentations from CEO David Goeckeler, CFO Luis Visoso, and other members of the management team.
Full-Day Event: IDEXX Laboratories will host an investor day at its corporate headquarters in Maine.
8:30 a.m.: The March Producer Price Index (PPI) report will be released.
8:40 a.m.: Richmond Fed President Thomas Barkin will address the Greenville Chamber of Commerce.
4:30 p.m.: Applied Materials will hold its earnings call. Supplier companies Ichor and Ultra Clean both derive more than 20% of their revenue from Applied Materials, and both companies have a 75% probability of moving in the same direction as Applied Materials after earnings. Options trading suggests a 10% move for Applied Materials after earnings.
7:30 p.m.: Netflix will live-stream the MLB "Field of Dreams" game (Philadelphia Phillies vs. Minnesota Twins) in Dyersville, Iowa — another high-profile addition to its growing sports offerings.
Friday: August 14
Earnings Watch: Notable companies scheduled to report earnings include RLX Technology.
Full-Day Event: This is the deadline for institutional investment managers to disclose their holdings as of June 30 via 13F filings. Analysts note that Nvidia, Meta Platforms, Tesla, CoreWeave, and Corning are among the key stocks to watch for significant position changes.
Full-Day Event: This is the last trading day before the FDA decision date for Bristol Myers Squibb's Iberdomide drug.
8:30 a.m.: The U.S. Census Bureau will release the July retail sales report.