Investors will benefit this week from a new wave of profits from big names like Best Buy, Costco and Dick’s Sporting Goods.
|I: DJI||MEDIUM DOW JONES||34207,84||+123,69||+ 0,36%|
|I: COMP||INDEX COMPOSITE NASDAQ||13470,99253||-64,75||-0,48%|
When it comes to stocks, greater volatility in cryptocurrency markets could spill over into stocks, as investors experienced last week. Bitcoin took another beating on Sunday, dropping to the $ 31,000 level.
FOX Business examines upcoming events that are likely to move Financial markets in the coming days.
On Monday, Lyft and Uber will team up with the White House to begin offering free rides to COVID-19 vaccination centers starting May 24. vaccination site. The offer covers day trips on bicycles and scooters, as well as cars. Uber did not provide additional details on its plans.
|ELEVATOR||LYFT INC.||52,32||+0,36||+ 0,69%|
|UBER||TECHNOLOGIES UBER, INC.||48,81||-0,48||-0,97%|
The promotion will run until July 4, the Biden administration’s goal for 70% of all American adults to receive at least one vaccine.
|AMZN||AMAZON.COM, INC.||3 203,08||-44,60||-1,37%|
Facebook will reopen its offices in Sunnyvale, Calif. To 10% capacity starting May 24, and Amazon will allow fully vaccinated warehouse workers to ditch masks unless state and local laws there. oblige. To be eligible, Amazon workers will need to present a vaccine card. Employees receive a bonus of $ 40 for each dose of vaccine they receive.
Profits will be slight on Monday, with electric vehicle maker Lordstown Motors in the spotlight after the bell.
On Tuesday, AutoZone and Cracker Barrel will report before the opening bell, while Intuit, Nordstrom, Red Robin Gourmet Burgers, Toll Brothers, and Urban Outfitters will release after the bell.
|CBRL||OLD COUN.ST.INC BARREL CRACKER||160,37||-1,50||-0,93%|
|RRGB||BURGERS GOURMANDS RED ROBIN||34,91||-0,52||-1,47%|
Investors will also receive a wealth of housing data on Tuesday, including new home sales, building permits, the Federal Housing Finance Agency’s monthly house price index and the house price index. Case-Shiller, as well as the latest consumer confidence data.
Tuesday will also mark one year since the death of George Floyd, a black man killed by former Minneapolis cop Derek Chauvin. Chavuin, 45, was convicted of unintentional second degree murder, third degree murder and second degree manslaughter for Floyd’s death in April. President Biden will welcome Floyd’s family to the White House on Tuesday.
Elsewhere, Etsy will ban the sale of gun parts and accessories on its platform starting Tuesday.
Wednesday will be a big day for ZipRecruiter and Paymentus, both of which are slated to debut on the New York Stock Exchange.
ZipRecruiter, a marketplace for job vacancies used by more than 2.8 million companies and 110 million job seekers, will file under a direct listing, in which a company will be listed on the stock exchange without an IPO. backed by a bank by first calling on large investors and setting an opening price for the share.
The company, which will trade under the symbol ZIP, turned profitable in 2020, reporting $ 86 million in revenue compared to $ 6.3 million in losses in 2019. Revenue fell nearly 3% to $ 418 million in 2020, according to the company’s prospectus filing.
Meanwhile, Paymentus, which manages cloud-based payments, has filed a traditional IPO application to sell 10 million shares, traded under the symbol PAY. It reported 2020 revenue of $ 302 million and net profit of $ 13 million. At $ 21 a share, the high end of the expected price range, the company could be valued at $ 2.4 billion.
|BBW||BUILD A WORKSHOP OURS INC||9,78||+0.04||+ 0,41%|
|AEO||AMERICAN EAGLE OUTFITTERS, INC.||32,74||-0,04||-0,12%|
|ELF||ELF BEAUTY INC||28,78||-0,55||-1,88%|
Retailers will dominate profits during the day with Abercrombie & Fitch, Build-A-Bear Workshop, Dick’s Sporting Goods all set to report before the opening bell, while American Eagle Outfitters and elf Beauty report after the bell. . Other names reported after Wednesday’s bell include NVIDIA, Okta, Snowflake, and Workday.
|NVDA||NVIDIA CORP.||599,67||+15,17||+ 2,60%|
|OKTA||OKTA, INC.||238,31||+4,28||+ 1,83%|
|SNOW||SNOWFLAKE, INC.||233,35||+2,85||+ 1,24%|
As for economic data, investors will follow mortgage applications and Energy Information Administration data on weekly crude stocks.
President Biden will travel to Cleveland, Ohio on Thursday to deliver remarks on the economy. Biden’s comments will come as investors take data on new and continuing jobless claims, pending home sales, durable goods, corporate profits and revised GDP.
Biden will also release his presidency’s first detailed budget proposal, outlining his spending priorities ranging from foreign aid, immigration and police to defense spending and deficit reduction.
As for earnings, Best Buy, Burlington Stores, Dollar General, Dollar Tree, and Medtronic will report before trading begins on Thursday.
|BBY||BEST PURCHASE||114,88||+0,49||+ 0,43%|
|BURL||BURLINGTON STORES||322,90||+1,45||+ 0,45%|
|DG||GENERAL DOLLAR||205,17||+0,46||+ 0,22%|
|DLTR||DOLLAR TREE, INC.||108,58||+0,21||+ 0,19%|
|MDT||Automate MEDTRONIC||127,34||+0,53||+ 0,42%|
|COST||COSTCO WHOLESALE CORP.||380,72||-2,86||-0,75%|
|HP||HELMERICH & PAYNE INC||28,90||+0,18||+ 0,63%|
|LGF.A||LIONS GATE ENTERTAINMENT CORP.||18,17||-0,43||-2,31%|
|ULTA||ULTA BEAUTY, INC.||316,08||-2,54||-0,80%|
While Costco, Dell Technologies, Gap, HP, Lions Gate Entertainment, Salesforce and Ulta Beauty are among the major players to report profits after the bell.
|DIS||LE WALT DISNEY CO.||172,51||+1,37||+ 0,80%|
Another notable company to watch Thursday will be Disney, which will unveil its newest cruise ship, Disney Wish, which will also begin taking reservations. The ship, which will weigh around 144,000 gross tonnes and include 1,250 cabins, will embark from summer 2022.
To wrap up the week, Big Lots and Hibbett Sports wins before the opening bell.
|LARGE||BIG LOTS INC.||64,19||-0,27||-0,42%|
|HIBB||LE SPORT HIBBETT||77,00||+1,33||+ 1,76%|
The consumer will also be the center of attention on Friday with data on personal income and consumer spending and the University of Michigan Consumer Confidence Index.
Other economic data to watch will be core inflation, the preliminary trade deficit report for April and the Chicago Purchasing Managers Index.