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*dates subject to change*
After a slow start, the markets stayed mostly unchanged by the end of the week with some extremely positive days being countered by negative days.
Some earnings highlights included NVIDIA, whose stellar earnings fueled a major tech rally and made them arguably the most popular stock in the market at the moment, clearly displaying that AI is the future. They saw profits rise eight-fold, along with beats on both earnings and revenue.
Investors are trying to gauge the Federal Reserve’s comments regarding future interest rate decisions. Boston Fed President Susan Collins recently said that the central bank would need to keep rates at their current levels for an extended period of time to fight inflation, which led to the markets tumbling down.
Overall, U.S. stocks have stayed the same although volatility is still present. Going forward, investors should monitor upcoming economic data and another batch of important corporate earnings.
Here are the companies from this week’s expected earnings:
- HP – 08/29 (#hp)
- Best Buy – 08/29 (#bestbuy)
- NIO Inc. ADR – 08/29 (#nio-adr)
- com – 08/30 (#salesf)
- CrowdStrike – 08/30 (#crwd)
- Chewy – 08/30 (#chwy)
- Lululemon Athletica – 08/31 (#lulu)
- Dell Technologies – 08/31 (#dell)
- Dollar General – 08/31 (#dollarg)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!