On Tap Today: Oracle, Nike Report Earnings; PPI, Retail Sales Released - TheStreet

On Tap Today: Oracle, Nike Report Earnings; PPI, Retail Sales Released

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At last, a batch of earnings announcements that market watchers can really sink their teeth into hits the Street today.

Today's diverse group of companies reporting includes tech titan

Oracle

(ORCL) - Get Report

. Since Oracle last shared financial results, the company's chief operating officer and president, Ray Lane, has stepped down. Oracle, which has felt the pain of this week's

Nasdaq selloff, closed up yesterday's session $2.44 to $81.81.

Also, listing earnings results today are retail giants

Nike

(NKE) - Get Report

and

General Mills

(GIS) - Get Report

-- which brings us to today's blockbuster economic event, the August

retail sales

(

definition |

chart |

source

).

A consumer-spending gauge, the retail report will show whether the economic slowdown is for real. If the numbers come in on the weak side, as expected, Wall Street will take comfort that the pace of the economy has in fact decelerated. In addition to the retail report, investors will get an update on the producer side of the equation, as August's

Producer Price Index

(

definition |

chart |

source

) also comes out today.

Expected Earnings Reports

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.: Retail Sales for August. Source: Census Bureau. Forecast: +0.3%. Previous: +0.7%. Ex-autos. Forecast: +0.3%. Previous: +0.6%.
  • 8:30 a.m.: Producer Price Index for August. Source: Labor Department. Forecast: +0.2%. Previous: unchgd. Ex-food and energy. Forecast: +0.2%. Previous: +0.1%.
  • 8:30 a.m.: Initial Jobless Claims for the week ended Saturday. Source: Labor Department. Forecast: 315,000. Previous: 316,000. Four-week average. Forecast: n.a. Previous: 317,500.