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*dates subject to change*
Earnings Preview:
For the second week of May, the markets continued to remain around similar levels as investors’ sentiment is quite divided on the varying data.
Some earnings highlights included Tech companies Palantir and Roblox, both of which reported better-than-expected earnings with higher-than-anticipated levels of consumer demand.
Investors were pleased to see April’s CPI and PPI reports, depicting price cooling on both the consumer and producer. Inflation continued to slow slightly more than the expectations of economists; however, the continued turmoil of the banking industry leaves both investors and the Federal Reserve in a difficult position.
Overall, U.S. stocks have whipsawed between a price range, as investors are uncertain whether the U.S. economy will have a soft landing or a prolonged recession. With an assumed pause during the next interest rate meeting, investors should monitor all the upcoming data such as retail sales figures next week.
Here are the companies from this week’s expected earnings:
- Home Depot – 05/16 (#homedep)
- Sea Limited – 05/16 (#se)
- Cisco Systems – 05/17 (#csco)
- Target – 05/17 (#target)
- com Group – 05/17 (#ctrp-adr)
- Walmart – 05/18 (#walmrt)
- Alibaba Group Holding – 05/18 (#baba)
- Deere – 05/19 (#deere)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!