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*dates subject to change*
Earnings Preview:
For the last week of June, the markets pushed aside any negative sentiment and continued on their path to the top, passing higher levels seen two weeks ago.
Some earnings highlights included General Mills and Carnival, both of which fell after reporting top-line figures that werenโt necessarily poor, but seemed to miss Wall Streetโs estimates.
Investors were pleased throughout the week to see strong economic data, with high consumer confidence for the month. Thursdayโs first-quarter GDP revision to 2% coupled with the far lower jobless claims pushed aside any recessionary worries and depicted the persistent power of the economy.
Overall, U.S. stocks have had a stellar year so far, with one of the largest rallies in the past two years pushing all indices further.ย Going forward, investors need to monitor data that will impact the Fedโs future rate decisions, and next week is filled with labor market figures. Top priority should be placed on the upcoming economic data like the JOLTs job openings, ADP nonfarm employment change, Juneโs payrolls and unemployment rate.
Here are the companies from this weekโs expected earnings:
- Centrais Electricas Brasileiras – 07/03 (#carnvl)
- Barnes & Noble Education, Inc – 07/05 (#boots)
- Daktronics, Inc.ย – 07/05 (#mu)
- Levi Strauss & Co. – 07/06 (#genmils)
- AZZ Inc. – 07/07 (#bb)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!ย