The Week Ahead: Jobs Report and Tariff News

Jeremy Glaser: Friday's jobs report is likely to be one of the most watched events of the week. Last month's report was one of the triggers of the market sell-off as faster than excepted wage growth stoked inflation fears. Expect any further details on what steel and aluminum tariffs will look like to also be in focus.

Other data includes ISM services, factory orders, and productivity.

A few more retailers are due to report. Wide-moat Costco has been executing well recently, but analyst John Brick thinks that the good news is baked into price and sees shares as overvalued heading into their earnings on Wednesday.

Target reports on Tuesday, and Brick thinks the shares of the no-moat retailer are also pricey. Kroger looks fairly valued, and its earnings should provide some insight as to how it is fighting against increasing grocery competition from the likes of Amazon and meal-kit delivery services.

Stay tuned for our take on these stories.