What's Ahead Wednesday: Lululemon Earnings and Oil Inventories

On Wednesday, June 8, investors will be watching earnings from Lululemon (LULU) - Get Report and Restoration Hardware (RH) - Get Report , along with some key data on the oil market. Before the markets open, Lululemon is expected to report first quarter earnings of $0.31 a share on sales of $487.7 million. During the same quarter last year, earnings stood at $0.34 a share on revenue of roughly $423 million. It has been a rough quarter for the retail sector, but analysts expect the athletic clothing company to hold its own. Restoration Hardware reports results after the markets close. As for the economic calendar, the JOLTS report for April is released at 10am Eastern. The number of job openings during the month is expected to stand at roughly 5.7 million. At 10:30 am, the EIA Petroleum Status report is unveiled, which is expected to reveal a 1.4 million barrel drop in crude oil inventories over the past week. TheStreet's Scott Gamm reports from Wall Street.