Broadcom, Lululemon, Hormel Foods Earnings: 3 Things to Watch

By Liz Moyer

Investing.com -- Stocks wobbled to end a down month as investors worried about an aggressive Federal Reserve.

The next big economic report comes Friday with the government's release of August jobs data. Analysts expect the economy created 300,000 nonfarm jobs. Before then, however, there will be data on jobless claims for the most recent week. Wednesday's private payroll reading from ADP showed a lower than expected increase in jobs.

Companies have been announcing layoffs as they face a cloudier economic future. The Fed is trying to tame the inflation that is creating those clouds, but investors have worried it will go too far and tip the economy into recession, resulting in widespread job losses.

The Fed returns to decide its next move on interest rates in late September. Before then, it will also get to see data on the latest inflation readings.

Here are three things that could affect markets tomorrow:

1. Broadcom earnings

Broadcom Inc (NASDAQ:AVGO) is scheduled to report earnings on Thursday. Analysts expect it to report earnings per share of $9.56 on revenue of $8.4 billion.

2. Lululemon earnings

Athletic apparel maker Lululemon Athletica Inc (NASDAQ:LULU) is expected to report EPS of $1.86 on revenue of about $1.8 billion.

3. Hormel Foods earnings

Hormel Foods Corporation (NYSE:HRL) is seen reporting earnings of 41 cents a share on revenue of nearly $3 billion.