Earnings Reports (05/22/2023 – 05/26/2023) 💰

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*dates subject to change*

Earnings Preview:

For the third week of May, the markets finally reached higher levels as debt talk optimism and persistent consumer demand increased investor sentiment.

Some earnings highlights included Target and Walmart, both of which rose after reporting better-than-expected earnings as retail demand continues to stay high despite the tighter fiscal conditions.

Investors weren’t necessarily thrilled with April’s weaker-than-expected retail sales figures. With a difficult path ahead for the consumer, tight finance, debt, and uncertainty are posed as hurdles for Americans this year. However, a rebound in regional banking stocks signals some progress in the feeble industry.

Overall, U.S. stocks have remained in a similar price range during the past month, however, new insights have decreased uncertainty and made room for markets to grow. Going forward, investors should monitor upcoming economic data pertaining to the housing market as well as the FOMC meeting minutes.

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

  • Zoom Video Communications – 05/22 (#zoom)
  • AutoZone – 05/23 (#autzon)
  • Lowe’s Companies – 05/23 (#lowes)
  • NVIDIA Corporation – 05/24 (#nvidia)
  • Snowflake – 05/24 (#snow)
  • UiPath – 05/24 (#path)
  • Costco Wholesale Corporation – 05/25 (#costco)
  • Best Buy Co. – 05/25 (#bestbuy)

*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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