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*dates subject to change*
Earnings Preview:
After five consecutive weeks, the S&P 500 led broader markets to its first negative week, fueled by a stutter in tech’s rally and economic data.
Some earnings highlights included Dollar Tree, which rose after reporting beats on top and bottom lines as consumers continue to spend across the retail sector.
Investors were reaffirmed by the Fed’s hawkish stance last week with Powell’s comments in recent testimony to lawmakers. Despite slowing inflation, several markets insensitive to interest rates remain to be tight, proving to be an obstacle in the Fed’s path toward a 2% CPI.
Overall, U.S. stocks have begun to falter after a rally that persisted for almost two months. Going forward, investors should monitor upcoming economic data like GDP and other housing data like May’s home sales and building permits.
Here are the companies from this week’s expected earnings:
- CarnivalCorporation – 06/26 (#carnvl)
- Walgreens Boots Alliance – 06/27 (#boots)
- Micron Technology – 06/28 (#mu)
- General Mills – 06/28 (#genmils)
- Blackberry Limited – 06/28 (#bb)
- Nike – 06/29 (#nike)
- McCormick and Company – 06/29 (#mccorm)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!