**Monday, September 1st – Public Holiday**
- Bank Holiday – Markets closed (Labor Day)
- Dividends (ex-date this week):
- Realty Income (O)
- Lockheed Martin (LMT)
- McDonald’s (MCD)
- Nike (NKE)
- Bank of America (BAC)
- China – Sector Data:
- Deliveries: Nio (NIO), XPeng (XPEV), Li Auto (LI), Zeekr (ZK), BYD (BYDDF)
- Macau Gaming Revenues (August)
Tuesday, September 2nd – Back to reality
- 16:00 – ISM Manufacturing PMI
- 16:00 – ISM Manufacturing Prices
- Volatility to watch:
- Shorts: Hertz (HTZ), Beyond Meat (BYND)
- Options: aTyr Pharma (ATYR), Offerpad (OPAD)
- RSI > 70: DSBX, AVBC, UP
- RSI < 30: GDRZF, HRL, KWM
- Major conferences:
- Wells Fargo Healthcare
- Jefferies Industrials
- UBS Global Materials
- Expected earnings:
- Before market: NIO, Academy Sports (ASO), Signet Jewelers (SIG)
- After market: Zscaler (ZS), HealthEquity (HQY)
- IPO / Calendar:
- IPO: FG Holdings (FGO)
- End of quiet periods: Firefly (FLY), Heartflow (HTFL), Whitefiber (WYFI)
- Commercial UAV Expo (Las Vegas):
- Participants: Workhorse (WKHS), Sony (SONY), Trimble (TRMB), KULR, Teledyne (TDY)
- Split:
- Lucid Group (LCID): reverse split 1:10
Wednesday, September 3rd – Macro/tech day
- 16:00 – JOLTS Job Openings
- 14:00 – Beige Book (Fed)
- Speeches:
- 03:30 – Christine Lagarde (ECB)
- 09:00 – Alberto Musalem (St. Louis Fed)
- 10:10 – Peloton (PTON) – Citi Global TMT
- Start of HubSpot Inbound Conference
- Speakers: Yamini Rangan (HUBS), Dario Amodei (Anthropic)
- Expected earnings:
- Before market: Dollar Tree (DLTR), Macy’s (M), Campbell’s (CPB), REV Group (REVG), J.Jill (JILL), Sprinklr (CXM), Polestar (PSNY)
- After market: Salesforce (CRM), Credo (CRDO), C3.ai (AI), American Eagle (AEO), GitLab (GTLB), HPE, PagerDuty (PD), Asana (ASAN), Figma (FIG), ChargePoint (CHPT)
- Options: Tilly’s (TLYS), Asana (ASAN)
Thursday, September 4th – Big macro + tech day
- 14:15 – ADP Non-Farm Employment Change
- 14:30 – Unemployment Claims
- 16:00 – ISM Services PMI
- Expected earnings:
- Before market: 1-800-Flowers (FLWS), Shoe Carnival (SCVL), Toro (TTC), Endava (DAVA), America’s Car-Mart (CRMT), GIII, Ciena (CIEN), Brady (BRC), Caleres (CAL), Duluth Trading (DLTH)
- After market: Broadcom (AVGO), Lululemon (LULU), DocuSign (DOCU), UiPath (PATH), Samsara (IOT), Braze (BRZE), Guidewire (GWRE), Smith & Wesson (SWBI), Copart (CPRT), ServiceTitan (TITAN)
- Options: Duluth (DLTH), Guidewire (GWRE)
- Galaxy Unpacked (Samsung):
- Galaxy S25 FE, Galaxy Tab S11, focus on Galaxy AI
- Conferences:
- 08:15 – Procter & Gamble (PG) – Barclays
- 08:15 – Analog Devices (ADI) – Citi TMT
- 14:50 – Coinbase (COIN) – Citi TMT
- 19:00 – Austan Goolsbee (Fed Chicago)
- NFL Kickoff – Cowboys Eagles
- Estimated sports betting: $30B (DKNG, FLUT, MGM)
Friday, September 5th – Key Jobs Report
- 14:30 – Jobs Report US (NFP)
- Expectation: +78k jobs (vs. 123k 2024 avg)
- Expected unemployment: 4.3%
- Other data: - Average Hourly Earnings m/m - Unemployment Rate
- Expected earnings:
- Before market: ABM Industries (ABM)
