Erin Gibbs and David Nelson provide insight on whether the market has bottomed or if this is a bear market rally on 'Making Money with Charles Payne.'A busy week for retail earnings will put extra focus on the government’s July retail sales report.to inch up 0.1% month-over-month, well below June’s stronger-than-expected increase of 1.0%.
Excluding the automotive component, spending is seen slipping 0.1% in July compared with a 1.0% rise the prior month. Recall that the retail sales data are not adjusted for inflation, so there’s no way to tell if sales are up because more goods were purchased, or because consumers just paid more to cover higher prices.
Cashier Josepine Silvestre hands a customer back change after a transaction at a Target Corp. store in Colma, California.Wednesday morning, with home improvement chain Lowe’s and big box department store chain Target in the spotlight. Also watch for numbers from TJX Companies, the parent of off-price department store TJ Maxx, and children’s apparel retailer Children’s Place.
In the afternoon, the focus will turn to computer networking giant and Dow member Cisco Systems. And we’ll hear from specialty retailer Bath & Body Works.Another number traders will have an eye on will be June business inventories at 10 a.m. ET. They’re expected to rise 1.4% on the month, matching May’s increase.are expected to decrease by 275,000 barrels, following a massive build of 5.458 million barrels the previous week.
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