Big-Box Retail Earnings, Jackson Hole Highlight Trading Week

Economic Overview - Recent economic figures and earnings results indicate a stable economy, suggesting a potential "soft landing" as the Federal Reserve maintains interest rates at 5.25-5.50% [1] - Major U.S. indexes showed positive performance, with the Dow up 0.24%, Nasdaq up 0.21%, and S&P 500 up 0.20% on Friday [1] Retail Earnings - Upcoming earnings reports from major retailers include Target (TGT), Macy's (M), and Lowe's (LOW), with Target expected to report positive earnings and sales, while Macy's and Lowe's are anticipated to show lower revenues [2] Estee Lauder Performance - Estee Lauder (EL) reported fiscal Q4 earnings of 64 cents per share, exceeding expectations by 156%, with revenues of $3.87 billion also beating consensus by 0.99% [3] - Despite the positive earnings report, Estee Lauder faces challenges including weakness in China and leadership changes, contributing to a year-to-date stock decline of over 30% [3] Upcoming Economic Indicators - The U.S. Leading Economic Indicators for July are expected to show a decline of -0.4%, down from +0.2% in the previous month [4] - Palo Alto Networks (PANW) is set to report fiscal Q4 results, with expectations of a 2% decline in earnings but a 10.7% increase in revenues [4] Federal Reserve Insights - The Jackson Hole Economic Symposium will feature a speech from Fed Chair Jerome Powell, which is anticipated to provide insights into potential interest rate cuts [5] - Minutes from the July FOMC meeting will be released, offering further context for future rate decisions [5]