Wall Street ended a busy week of earnings, economic data and policy decisions with a thud, as a weak jobs report renewed concerns about the health of the U.S. economy in the face of President Donald Trump’s ever-shifting tariff policy. In the week ahead, investors will look to the latest batch of earnings for additional clues on the economy and consumer spending, while also looking to Washington for trade policy updates. The economic calendar is light over the next five days, so the main story will be earnings — and, as usual lately, tariffs. Higher duty rates for some nations including Canada went into effect Friday, while this coming Thursday, Aug. 7, is the effective date for other nations such as India and Switzerland. Here’s what we’re looking for from each of the six Club names reporting this week. All earnings per share and revenue estimates are from LSEG as of Friday. Coterra Energy kicks off the week of earnings on Monday night, followed by its conference call late Tuesday morning. Among the key areas of focus: What’s the latest with its problematic wells in the Harkey region of its Permian Basin acreage? This surprising operational issue was a big reason why the stock got crushed after first-quarter earnings in May . More generally, Coterra told investors in late June that it was keeping its oil rig count at nine rather than drop it down to seven as previously planned — any updates here will be helpful in understanding its spending outlook for the rest of the year and its ability to hit multiyear production targets. The revenue and EPS consensus estimates are $1.7 billion and $0.45, respectively. On Tuesday morning, we’ll hear from DuPont in what’s going to be its last earnings report before the spin-off of its electronics unit Qnity on Nov. 1. That’s why Deutsche Bank in mid-July added the stock to its “catalyst call” list , although we saw from Honeywell and Dover that those calls aren’t always a great predictor of things. With shares trading at a large discount to the firm’s estimated sum-of-the-parts valuation, analysts say DuPont’s report could refocus the market on the value-creating potential of the spin-off. We hope they’re right, given the stock’s underperformance. We’ll also be listening to executives’ commentary on tariffs and order patterns. Wall Street expects second-quarter revenue of $3.24 billion and EPS of $1.06. Joining DuPont on Tuesday morning is Eaton , which solidly outperformed the broader market over the past month thanks to a ton of encouraging headlines on the pace of artificial intelligence infrastructure spending. The more data centers being built, the more demand for Eaton’s electrical equipment. We’ll look for Eaton’s results to confirm this dynamic through its organic sales growth rate, book-to-bill ratio and backlog. Book-to-bill measures the amount of orders being booked versus those being fulfilled, so anything above 1 is considered a healthy demand indicator. Eaton is expected to report quarterly revenue of $6.9 billion and EPS of $2.92. Disney arrives at the earnings party Wednesday morning. There are two overarching themes: How is Disney’s immensely profitable experiences division — home to theme parks and cruises — performing in the face of economic slowdown concerns? The company had plenty of good things to say about it in May, including about bookings for the July-to-September quarter. We’re hoping for more resiliency. The second big topic is streaming, and there’s a few threads to pull on here. Did the expected sequential gain in Disney+ subscribers materialize? Are there any updates to share on the Hulu integration strategy now that Disney has taken full control ? And finally, is the standalone ESPN service still on track for a fall launch? We’re anticipating an official announcement that the NFL and ESPN have reached a blockbuster deal that would give the sports network many of the league’s top media assets in exchange for equity in ESPN, as reported by The Athletic on Friday, citing people familiar with the agreement. Analysts project that Disney earned $23.73 billion per share on revenue of $1.48 in its fiscal third quarter. Eli Lilly ‘s earnings report on Thursday morning comes at an opportune time. After its main rival in the obesity market Novo Nordisk’s ugly release last week, we welcome the chance to hear directly from Lilly on whether it’s also expecting the GLP-1 market to grow a bit slower than previously expected in the second half of the year. We trimmed our Lilly position to guard against that risk despite our longer-term optimism in the company, particularly around its forthcoming obesity pill. More generally, we wouldn’t be surprised to hear some discussion of the Trump administration’s tariff and drug-pricing proposals on the conference call. Trump’s letters to pharma companies on Thursday weighed on the sector . The current second-quarter revenue consensus is $14.71 billion and $5.57 for EPS. Closing out the week on Thursday night is Texas Roadhouse . The market will be paying close attention to traffic and same-store sales trends at its restaurants, along with the impact that rising beef prices are having on its margins. Texas Roadhouse is known for its affordable prices, so beef inflation does present some risk to the company because steep menu price hikes to offset the pressure could dent its reputation. But as we wrote last month , the long-term trajectory of the business still looks attractive. We’ll look to this earnings report to lend support to that view. Wall Street is projecting quarterly revenue of $1.68 billion and EPS of $1.91. Week ahead Monday, August 4 Before the bell: Wayfair (W), Axsome Therapeutics (AXSM), BioNTech (BNTX), Icahn Enterprises (IEP), Tyson Foods (TSN), Freshpet (FRPT), onsemi (ON), BioCryst Pharmaceuticals (BCRX), Bruker Corporation (BRKR) After the bell: Coterra Energy (CTRA), Palantir Technologies (PLTR), Hims & Hers Health (HIMS), MercadoLibre (MELI), Axon Enterprise (AXON), Navitas Semiconductor (NVTS), BellRing Brands (BRBR), BWX Technologies (BWXT), Transocean (RIG), ThredUp (TDUP), Vertex Pharmaceuticals (VRTX) Tuesday, August 5 U.S. trade balance at 8:30 a.m. ET ISM Services PMI at 10 a.m. ET Before the bell: DuPont (DD), Eaton (ETN), Coterra Conference Call (CTRA) Pfizer (PFE), Caterpillar (CAT), BP p.l.c (BP), Duke Energy (DUK), GALAXY DIGITAL (GLXY), Lemonade (LMND), Vertical Aerospace (EVTL), Marriott International (MAR), Imunon (IMNN), Leidos Holdings (LDOS), Recursion (RXRX), Yum China Holdings (YUMC), Apollo Global Management (APO) After the bell: Advanced Micro Devices (AMD), Supermicro (SMCI), Arista Networks (ANET), Astera Labs (ALAB), Opendoor Technologies (OPEN), Snap (SNAP), Lucid Group (LCID), Upstart Holdings (UPST), Clover Health (CLOV), Rivian Automotive (RIVN), Zeta Global (ZETA), Amgen (AMGN) Wednesday, August 6 Before the bell: Walt Disney Co (DIS), Oscar Health (OSCR), Uber Technologies (UBER), Shopify (SHOP), Novo Nordisk (NVO), Six Flags Entertainment (FUN), Geron (GERN), Dave (DAVE), GEO Group (GEO), McDonalds (MCD), NRG Energy (NRG), Novavax (NVAX), Unity (U) After the bell: AppLovin (APP), IonQ (IONQ), Symbotic (SYM), Duolingo (DUOL), Energy Transfer LP (ET), Fortinet (FTNT), Jack in the Box (JACK), Catalyst Pharmaceuticals (CPRX), e.l.f. Beauty (ELF), Pan American Silver (PAAS), Airbnb (ABNB), Dutch Bros (BROS), Coeur D’Alene Mines (CDE), DraftKings (DKNG) Thursday, August 7 Initial jobless claims at 8:30 a.m. ET Monthly Wholesale Trade Survey at 10 a.m. ET Before the bell: Eli Lilly & Co. (LLY), D-Wave Quantum (QBTS), ConocoPhillips (COP), Vistra Energy (VST), Sony Group (SONY), Peloton (PTON), Warner Bros. Discovery (WBD), Datadog (DDOG), Kenvue (KVUE), Parker-Hannifin (PH) After the bell: Texas Roadhouse (TXRH), Trade Desk (TTD), Rocket Lab USA (RKLB), SoundHound AI (SOUN), NuScale Power (SMR), Block (XYZ), Twilio (TWLO), Pinterest (PINS), Atlassian Corporation (TEAM), Akamai Technologies (AKAM), MP Materials (MP), Take-Two Interactive (TTWO), Wynn Resorts (WYNN) Friday, August 8 Before the bell: fuboTV (FUBO), Tempus AI (TEM), TeraWulf (WULF), Forum Energy Technologies (FET), Canopy Growth (CGC), Wendy’s International (WEN) (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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Here are the 6 big things we’re watching in the market in the week ahead
Aug 3, 2025
