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*dates subject to change*
For the second week of March, markets continued to push lower, with decreasing sentiment and increasing probabilities of higher interest rates causing lows that haven’t been seen since the first week of the new year.
Some earnings highlights included Dick’s Sporting Goods and Campbell Soup, both of which saw gains in their shares following persistently strong demand in the consumer staples and retail industry.
With two speeches to start the week, investors across the globe were listening to exactly what Fed Chairman Jerome Powell had to say in regard to inflation. With hotter-than-expected job reports, Powell stated that new data will have a high chance for large rate increases throughout the year.
Overall, U.S. stocks have remained volatile ahead of the Federal Reserve’s March 22nd interest rate decision. Despite signs depicting a robust labor market, several investors believe there is a chance the Fed will soften rate hikes soon. Going forward, investors should monitor the upcoming CPI and PPI numbers for February.
Here are the companies from this week’s expected earnings:
- Korea Electric Power Corporation- 03/13 (#kep)
- Lennar Corporation – 03/14 (#lennar)
- Adobe – 03/15 (#adobe)
- UiPath – 03/15 (#path)
- Five Below – 03/15 (#five)
- FedEx Corporation – 03/16 (#fedex)
- Dollar General – 03/16 (#dollarg)
- Gamestop – 03/16 (#gamestop)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!