Earnings Reports (06/19/2023 – 06/23/2023) 💰

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*dates subject to change*

Earnings Preview:

For the fourth consecutive week, the markets continued to end with gains as investors digest May’s economic data and the Federal Reserve’s actions.

The biggest earnings highlight was cloud mega-cap Oracle, which rose 10% for the week and 50% year-to-date as top and bottom-line earnings beats depict the resurgence of an old tech titan.

On Wednesday, investors were pleased to see the expected pause in interest rates from the Federal Reserve. However, even with both the CPI and PPI decreasing faster than expected, markets believe hawkish tones stated by Fed Chair Jerome Powell insinuate a rate hike in July’s Fed meeting.

Overall, U.S. stocks have continued to rally off the lack of bad news, with tangible decreases in prices and cooling environments in the financial sector. Going forward, investors should monitor economic data within both the housing and labor markets as these industries have yet to experience the full effect higher interest rates normally cause.

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

  • FedEx – 06/20 (#fedex)
  • La-Z-Boy – 06/20 (#lzb)
  • Winnebago – 06/21 (#wgo)
  • Darden Restaurants – 06/22 (#darden)
  • Accenture – 06/22 (#accent)
  • CarMax – 06/23 (#carmax)

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

*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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