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Takeaways
- The Federal Reserve expects price pressures to increase this year.
- GameStop’s earnings will dominate the corporate calendar. Market watchers will also be monitoring earnings reports from Dollar Tree, Lululemon and Oklo.
- Fed representatives' remarks, consumer sentiment reports, and housing market data will attract further attention from market watchers.
This week, investors will be able to take advantage of new inflation data and housing market data as well as the earnings of meme stock GameStop GME.
Friday will see the release of the Personal Consumption Expenditures (PCE) Index for February. Consumer sentiment reports, housing sales and price data and consumer sentiment are also expected. This week, the Purchasing Managers’ Index (PMI), and Gross Domestic Product (GDP) will also be in focus. New York Fed president John Williams leads this week’s schedule of Federal Reserve speakers.
Investors are waiting for the earnings reports from Dollar Tree (DLTR), Lululemon Fitness (LULU), Chewy, an online pet supply retailer (CHWY), Oklo Nuclear Power (OKLO), and other companies.
Monday, March 24, 2019
- S&P Global Flash U.S. PMI (March)
- KB Home (KBH) Oklo Earnings are due to be reported
Tuesday, March 25, 2019
- S&P Case-Shiller Home Price Index (January)
- Consumer confidence (March).
- New home sales (February)
- John Williams, President of the New York Fed, is scheduled to make remarks
- McCormick & Co. (MKC)GameStop, Core & Main (CNM)Smithfield Foods, Pony.ai (PONY)Rumble (RUM), a rumble that is a rumble Earnings are due to be reported
Wednesday, March 26
- Durable goods orders (February).
- Cintas (CTAS)Paychex (PAYX),, Dollar Tree, Chewy, Jefferies Financial Group (JEF)SailPoint (SAIL), a new SailPoint product, is now available. Earnings are due to be reported
Thursday, March 27, 2019
- Initial Jobless Claims (Week ending 22 March)
- Gross Domestic Product (third revision) Q4
- Advance U.S. balance of trade (February).
- Retail Advance Inventories (February).
- Advance wholesale inventory (February)
- Pending home sales (February)
- Richmond Fed President Tom Barkin will deliver remarks
- LululemonTD Synnex SNXBraze (BRZE).AAR (AIR), Earnings are due to be reported
Friday, March 28
- Personal Consumption Spending Index (February).
- Consumer sentiment (final) (March)
- Atlanta Fed President Raphael Bostic will deliver remarks
- Zspace (ZSPC), The next scheduled earnings report is scheduled for this week
New Data on Inflation and Consumer Sentiment
This week’s economic indicators include updated inflation data, consumer sentiment and housing data, as well as comments from Federal Reserve officials.
The personal consumption expenditures (PCEs) index for the month of February will be released on Friday, after the January report revealed signs that inflation had slowed. But despite recent decreases in the cost-of living measurement, the Fed held interest rates steady during its meeting last weekend. According to the Fed’s recent projections, inflation in 2025 will be higher than the 2.5% annual increase in prices in January.
Consumer surveys are also a major focus this week. Recent reports have shown a decline in confidence among consumers, as well as among small business owners and manufacturers. The Conference Board Consumer Confidence Index was released on Tuesday following a sharp drop in last month, while the Michigan Consumer Sentiment Index final results for March were released after it reached a low.
Several housing data releases are scheduled for this week. Home sales remain low amid affordability pressures. The S&P Case-Shiller home price index for January and new home sales data for February are scheduled to come on Tuesday, while Thursday’s pending home sales data for February is expected to deliver a forward-looking view on housing sales.
Market watchers will hear from New York Fed president John Williams, Richmond Fed president Tom Barkin, as well as Atlanta Fed President Raphael Bostic, who are all expected to make remarks this week.
Reporting Earnings for Dollar Tree, Lululemon & More
The scheduled earnings report for Meme stock GameStop on Tuesday comes after the firm turned a profit in their most recent quarterly report despite posting a decrease in revenue. The company’s most recent update comes after reports that the videogame retailer is considering investing in cryptocurrencies such as Bitcoin (BTCUSD).
Dollar Tree’s expected financial results on Wednesday follow the retail chain’s better-than-expected performance in the previous quarter. The company’s earnings report comes after several discount retailers recently released positive financial updates.
Lululemon will report its quarterly earnings Thursday, after it raised its sales and earning guidance for the quarter just ended following a successful holiday sales season.
Chewy, an online pet retailer, reported that it was losing customers. At the same time, several high profile investors, such as meme stock hero ‘Roaring Kitty,’ sold shares of the company.
Homebuilder KB Home has scheduled a report on earnings for Monday. The company increased home deliveries in the previous quarter by 17%. The company’s results join a slew of housing market data in the week.
Investors are also likely to be anticipating results from McCormick Spice, Oklo Nuclear, Cintas Uniforms & Business Equipment, Sailpoint Identity Tools, and other companies this week.
