Earnings Reports (05/08/2023 – 05/12/2023) 💰

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*dates subject to change*

Earnings Preview:

For the first week of May, the markets felt some small losses as more earnings and interest rate news continued to circulate. However, a positive Friday left losses for the week at a moderate pace.

Some earnings highlights included Shopify and Apple, both of which reported higher-than-expected top-line estimates depicting resiliency in the online-retail consumer.

Investors and everyday citizens were left somewhat surprised at the tenth consecutive interest-rate hike, moving the federal funds rate to between 5 and 5.25%. With the belief that inflation continues to move lower, the Federal Reserve remains to track both the labor market and the financial industry as they move forward with tighter fiscal policy.

Overall, U.S. stocks have remained volatile with the newest losses terrorizing regional banks. Next week, investors should take a close look at both the CPI and PPI estimates for April to conclude whether the tighter monetary conditions are truly having an effect on mitigating inflation.

Here are the companies from this week’s expected earnings:

  • PayPal Holdings – 05/08 (#paypal)
  • Airbnb – 05/09 (#abnb)
  • Electronic Arts – 05/09 (#elecarts)
  • Walt Disney – 05/10 (#disney)
  • New York Times – 05/10 (#nyt)
  • YETI Holdings – 05/11 (#yeti)
  • Spectrum Brands – 05/12 (#spb)

*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks! 

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