The Week Ahead: Primary day, AMC and Ameren earnings, jobs report

Here’s a look at some of the stories Missouri Business Alert is tracking this week:

Monday

A pair of prominent monthly purchasing managers’ indices, the Markit PMI and the Institute for Supply Chain Management PMI, will be released. The latter is expected to hold steady from June, which was the best monthly reading last February, Bloomberg reports. The strength of last month’s report could mean good production and employment in this month’s.

AMC Entertainment Holdings will deliver a quarterly earnings update one week removed from Carmike Cinemas’ board approving AMC’s increased takeover offer of $1.2 billion. The acquisition, which is expected to be completed by the end of 2016, would make Leawood, Kan.-based AMC the largest theater operator in the U.S.

Other local companies scheduled to release quarterly earnings include Aegion and Olin.

417 Magazine’s Restaurant Month gets underway in Springfield. Twenty restaurants are participating in the event, which raises money for the Ozarks Food Harvest.

Tuesday

It’s primary day across the country. In Missouri, voters will choose their parties’ nominees for five of the six statewide elected positions, including governor, as well as one U.S. Senate seat and all eight of the state’s spots in the U.S. House of Representatives.

Local companies scheduled to release quarterly earnings include Cerner and Mallinckrodt, which has its U.S. headquarters in St. Louis.

Other companies set to report financial results include American International Group, Avis Budget Group, Hyatt Hotels, Molson Coors Brewing, Pfizer and Procter & Gamble.

Wednesday

The Missouri Real Estate Commission will gather for its bimonthly meeting in Jefferson City.

Local companies scheduled to release quarterly earnings include Energizer HoldingsEPR PropertiesSpire (formerly Laclede) and Tallgrass Energy Partners.

Other companies set to report financial results include Allstate, Humana, Metlife, Office Depot, Progressive, Prudential Financial, Square, Tesla Motors, Time Warner, Tronc and Twenty-First Century Fox.

Thursday

Local companies scheduled to release earnings include Aratana TherapeuticsBuild-A-Bear Workshop and Post Holdings.

LinkedIn, the professional networking website, will report financial results for the first time since the June announcement that software giant Microsoft would acquire LinkedIn for $26.2 billion.

Other companies set to report financial results include Adidas, Kellogg Co., Merck, Nokia and Siemens.

Friday

The Labor Department will release its monthly Employment Situation Summary. Observers of the Federal Reserve Bank figure to watch this report closely, with an eye toward a possible interest rate hike in September, following the upbeat tone of last week’s Fed meeting announcement. After disappointing job growth of 38,000 in May followed by a surge of 287,000 jobs in June, consensus projections for July call for payrolls to add 185,000 jobs and unemployment to drop to 4.8 percent, Bloomberg reports.

Ameren, the St. Louis-based utility, is scheduled to release earnings.

Other companies set to report quarterly results include E.W. Scripps, Kraft Heinz and Virgin America.

Saturday

The Sinquefield Cup chess tournament continues in St. Louis. The tournament, which opens Friday and runs through Aug. 16, will bring together 10 of the world’s top chess players to compete for $300,000 in prize money.


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