NEW YORK (
) -- Retailers will be in focus Wednesday as the health check on the consumer continues this week, as a handful of second-tier retailers highlight the earnings schedule.
Already this week, investors have had to sift through earnings results from several top-tier retailers, including
Several specialty retailers will be on parade Wednesday.
( HOTT) will post results after the closing bell, and
is set to report quarterly results before the start of trading.
Limited will be closely watched, as analysts expect the apparel retail will post earnings of 16 cents a share on sales of $2.06 billion. In May, Limited offered guidance for the second quarter, saying it expects earnings in a range of 11 cents to 16 cents a share.
Of course, it won't be strictly about retailers tomorrow, as earnings reports will also come from
, among others.
Deere shares jumped more than 5% a day before its earnings release. Analysts, on average, expect the company to post earnings of 57 cents a share on revenue of $5.25 billion. When it last reported earnings in May, Deere said market conditions remain "highly uncertain" for the remainder of the year, making it difficult to assess the company's sales and earnings.
Traders will also still be digesting earnings from
Dow Jones Industrial Average
, which is set to report quarterly results after Tuesday's closing bell.
Away from earnings, Wednesday's economic docket is bare, although investors will get the latest Energy Department weekly inventory report at 10:30 a.m. EDT. Crude oil prices have fluctuated wildly over the last few weeks before and after the release of the inventory report. For instance, crude oil jumped $2.44 Tuesday to close at $69.19 a barrel.
Crude oil inventories likely rose 1.35 million barrels last week and distillate inventories should increase by 500,000 barrels, a
survey of analysts shows, while gasoline inventories should fall 1.9 million barrels. Analysts surveyed also expect refinery capacity to rise to 83.7% from 83.5% last week, although that would still be down from 85.7% during the same week a year ago.
-- Written by Robert Holmes in New York