Here are the 2 big things we're watching in the stock market in the week ahead
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- Home Depot reports Tuesday before the bell, with Wall Street modeling $47.27 billion in revenue and $4.73 in earnings per share, per LSEG estimates compiled as of Friday
- Home Depot CEO Ted Decker is on leave of absence, with senior VP Ann-Marie Campbell and CFO Richard McPhail jointly running the company until further notice
- Housing data dominates Tuesday morning, with July housing starts from the Commerce Department and the National Association of Realtors' pending home sales report arriving the same day — June pending sales fell 5.4% as mortgage rates hit their highest in nearly a year
- TJX Companies reports Wednesday with Street forecasts of $15.18 billion in revenue and $1.19 EPS, looking to extend a streak of five consecutive quarters of sales beats across all four operating segments
- Lowe's and luxury homebuilder Toll Brothers also report this week; Bank of America expects Home Depot's comparable-store growth to outpace Lowe's for the remainder of the year given HD's higher exposure to Pro customers
- Walmart and Ross Stores report Thursday, giving investors a broader view of consumer behavior across income cohorts to complement TJX's read
- The Federal Open Market Committee releases minutes from its latest meeting Wednesday at 2 p.m. ET, adding a monetary-policy backdrop to the consumer and housing reads
Why it matters: Home Depot's report is the most direct real-time window into what the source calls one of the worst housing markets in decades — a one-two punch of low supply and high rates — while TJX's Wednesday print and Walmart/Ross on Thursday will test whether the consumer is still holding up; tariff-refund windfalls and a murky CEO succession at HD add noise that investors will need to parse from underlying demand.
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