Cisco earnings, and more: What investors need to watch Wednesday
- CSCO
- EAT
Asking for a Trend Host, Josh Lipton previews what investors should watch on Wednesday, August 12, including the latest Consumer Price Index (CPI) report, which will offer a fresh look at inflation and the health of the consumer. Cisco (CSCO) reports fiscal fourth-quarter results, while Bloomin’ Brands (BLMN) also reports earnings.
Time now for to watch Wednesday, August 12th. First up, key inflation data set to release in the morning, expected to be one of the most important economic releases of the week.
The CPI inflation report will be put under the microscope after recent labor market data showed jobs fall far below expectations.
Consumer price index for July is expected to see a gain compared to June, where inflation saw an unexpected decline.
Turning to earnings, Cisco is reporting fiscal fourth quarter results with Wall Street looking for signs of sustainable growth. The company recently benefiting from AI infrastructure demand and is expected to report an increase in revenue compared to the prior quarter.
Investors will also be keeping an eye out for guidance.
Meanwhile, quarterly results from Brinker International provide more color on consumer spending. Analysts will be focusing on same store sales as well as any potential tailwinds from ad spending and improved food quality.
However, headwinds for commodity inflation and labor costs will also be factors at play for the Chili’s restaurant chain owner.
