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Tesla and Apple Better Deliver Big-Time or Look Out Below — Week Ahead

The labor market goes under the microscope in the coming week with the U.S. jobs report for July to be released on Friday, Aug. 4, the sixth full month in President Donald Trump's economy.

A summer lull could feed into the top-line number, pulling the number of jobs added to the U.S. economy to below 200,000 for the third time this year. Economists surveyed by FactSet anticipate 180,500 jobs to have been added to the U.S. economy in July, still a solid pace though slower than the rate of 222,000 in June.

On the plus side, the unemployment rate is expected to fall by 10 basis points to 4.3%. Hourly earnings are expected to have increased 0.3% month on month, picking up from a 0.2% growth rate in June. Year over year, hourly earnings growth is targeted to have held at 2.5%.

Apple Inc. (AAPL) will dominate a jam-packed earnings calendar in the coming week. The world's largest company is expected to post earnings of $1.57 a share during its quarter that ended in June, a 10% increase from a year earlier. Sales are forecast to have climbed nearly 6% to $44.9 billion.

Oil and mining stocks are also in the spotlight this week. Earnings are expected from Diamond Offshore Drilling Inc. (DO) on Monday; Devon Energy Corp. (DVN) , BP PLC (BP) and Phillips 66 (PSX) on Tuesday; Marathon Oil Corp. (MRO) , Murphy Oil Corp. (MUR) , Murphy USA Inc. (MUSA) , Oasis...