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*dates subject to change*
For the second consecutive week, the markets pushed lower marking the worst week since the start of 2023.
Some earnings highlights included popular retailers Walmart and Home Depot, both of which fell after reporting weak guidance pointing to forecasted slower customer demand.
Investors and citizens alike were both delighted and worried following Friday’s PCE price index release. For the month of January, it seems the American consumer and the economy seemed to be pushing strong; however, on the inflationary side, it seems several now believe the Federal Reserve has more work to do in hiring interest rates to reach the desired 2% level of inflation.
Overall, U.S. stocks have begun to push against this new-year rally as investors continue to digest new economic data and earnings. Going forward, investors should monitor upcoming economic data like CB consumer confidence and major retail corporate earnings to continue gaining insight into the state of the consumer.
Here are the companies from this week’s expected earnings:
- Zoom Video – 02/27 (#zoom)
- Target – 02/28 (#target)
- AMC Enterntainment – 02/28 (#amc)
- Dollar Tree – 03/01 (#dollart)
- Kohl’s – 03/01 (#kss)
- Broadcom – 03/02 (#brcm)
- Kroger – 03/02 (#kr)
- Best Buy – 03/02 (#bestbuy)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!