Investors will start the week after a surge in volatility fueled by omicron fears and rising inflation.
|Me: DJI||MEDIUM DOW JONES||34580.08||-59.71||-0,17%|
|I:COMP||NASDAQ COMPOSITE INDEX||15085.471504||-295.85||-1.92%|
FOX Business takes a look at upcoming events that are likely to move Financial markets in the coming days.
BuzzFeed is expected to start trading on the Nasdaq on Monday under the ticker symbol BZFD after shareholder approval Friday for a business combination with the ad hoc acquisition company 890 5th Avenue Partners. The news editor has raised $ 16.2 million held in trust and plans to raise around $ 150 million in fully pledged convertible notes after the majority of its investors withdrew from the deal, according to the Wall Street Journal .
During the shareholder vote, BuzzFeed union workers staged a walkout in an attempt to pressure the company to offer better wages and benefits. In addition, the union demands more creative control over their work and should not be disciplined on measures of trafficking and income.
|FMC||GROUPE CME, INC.||225,26||-1.29||-0,57%|
In addition, CME Group is expected to launch futures contracts on Micro Ether on Monday, pending regulatory review.
Sized to one-tenth of an ether, Micro Ether futures will provide investors with an efficient and profitable way to hedge their ether spot price risk or more skillfully execute ether trading strategies. The CME group has traded more than 675,500 Ether futures contracts since their launch in February. In addition, the CME launched Micro Bitcoin Futures in May, which traded over 2.7 million contracts.
It will also be a big day for Shake Shack, which will open its first-ever drive-thru in Maple Grove, Minnesota.
Gains on the menu for Tuesday include AutoZone, Designer Brands, John Wiley & Sons before the market opens and Casey’s General Stores, Dave & Buster’s, IDT and Toll Brothers after the bell.
|AZO||AUTOZONE, INC.||1 863,00||-5,29||-0,28%|
|DBI||DESIGN BRANDS, INC.||13.44||-0,52||-3,72%|
|JW.A||JOHN WILEY & SONS, INC.||54,51||+0.17||+0.31%|
|CASY||GENERAL STORES OF CASEY, INC.||195,77||-0,46||-0,23%|
|TO PLAY||DIVERTISSEMENT DAVE & BUSTER, INC.||30.16||-1.92||-5,99%|
|PEAGE||TOLL BROTHERS, INC.||68.26||-0,25||-0,36%|
Investors will also take into account economic data, including international trade deficit, labor costs, productivity, and consumer credit. Additionally, Tuesday marks the last day for open enrollment in Medicare.
Wednesday 08/12 /
Investors will receive a large amount of profit before the market opens on Wednesday, including Brown-Forman, Campbell Soup, Dollarama, Korn Ferry, Solo Brands, United Natural Foods, Vera Bradley, while GameStop and Rent the Runway will be at the honor after the bell.
|BF.B||BROWN FORMAN CORP.||72,38||+0.59||+0.82%|
|CPB||CAMPBELL SOUP CO.||41.13||+0.61||+1,51%|
|DTC||MARQUES SOLO INC||15,78||-1.30||-7,61 %|
|UNFI||UNITED NATURAL FOODS, INC.||48.28||-1.25||-2,52%|
|QUERY||VERA BRADLEY, INC.||9.27||-0,38||-3,94%|
|TO RENT||RENT LA PISTE INC.||12.13||-0,45||-3,58%|
The JOLTS report will be the main event for economic data on Wednesday. Other data includes weekly mortgage applications and the Energy Information Administration’s weekly crude inventory report.
|AAL||GROUPE AMERICAN AIRLINES, INC.||16,62||-0,80||-4,59%|
|FROM||DELTA AIRLINES, INC.||36,00||-0,66||-1,80 %|
|FILL||SOUTH-WEST AIRLINES CO.||44,28||-1.06||-2,34%|
|UAL||UNITED AIRLINES HOLDINGS, INC.||40,61||-1.03||-2,47%|
|JBLU||JETBLUE AIRWAYS CORP.||13.60||-0,25||-1,81%|
|ALK||ALASKA AIR GROUP, INC.||48,57||-0,95||-1.92%|
|SAVE||SPIRIT AIRLINES, INC.||21.47||-0,40||-1,83 %|
It will also be a busy day on Capitol Hill as the Senate Trade Committee invited CEOs of American Airlines, Delta Air Lines, Southwest Airlines, United Airlines, JetBlue Airways, Alaska Airlines and Spirit Airlines to a hearing examining recent labor shortages despite billions. dollars distributed in pandemic aid.
|FB||META PLATFORMS, INC.||306.84||-3,55||-1,14%|
Instagram chief Adam Mosseri is also expected to testify before the Senate Consumer Protection Subcommittee on the app’s impact on young users.
On Thursday, Hooker Furniture, Hormel Foods and Hovnanian will provide results before the market opens while Broadcom, Costco Wholesale, Lululemon and Vail Resorts will report after the bell.
|HRL||HORMEL FOODS CORP.||42,73||+0.77||+1,84 %|
|WHOOPS||HOVNANIAN COMPANIES||97,46||-2,69||-2,69 %|
|AVGO||BROADCOM, INC.||558.12||+5.67||+1,03 %|
|COST||COSTCO GROS CORP.||528,93||+3.42||+0.65%|
|LULU||LULULEMON ATHLETICA, INC.||435.72||-14,96||-3,32%|
Thursday’s economic data will include real household wealth, weekly initial and continuing jobless claims, as well as inventories and wholesale sales. The Federal Reserve will also publish its quarterly financial accounts for the United States.
|TSN||TYSON FOODS, INC.||82,60||+1,81||+2,24 %|
Other stocks to watch will be CVS Health and Tyson Foods, which will host investor presentations, and Volkswagen, which will submit its five-year investment plan. Thursday also marks the deadline for Apple to allow third-party payments on its App Store. Additionally, Roku will lose the YouTube app as a result of an ongoing feud with Google.
|YEAR||OF THE YEAR, INC.||205,55||-4,71||-2,24%|
|GOOGL||ALPHABET, INC.||2 840,03||-19.29||-0,67 %|
One notable event to watch out for will be Blue Origin’s third and final manned space flight in 2021, which will carry two guests of honor and four paying customers.
Good Morning America co-host Michael Strahan and Laura Shepard Churchley, the eldest daughter of Alan Shepard, who was the first American to fly into space. Meanwhile, space industry executive and philanthropist Dylan Taylor, investor Evan Dick, Bess Ventures founder Lane Bess and his son, Cameron Bess, will be the four paying clients. Lane and Cameron Bess will become the first parent-child couple to fly into space.
The week will end with Blade Air Mobility and Johnson Outdoors earnings before the market opens, as well as the Consumer Price Index, core inflation, the Consumer Confidence Index of the University of Michigan and the Fed’s five-year inflation estimate.
|BLDE||BLADE AIR MOBILITY INC.||8.04||-0,35||-4,17%|
Daimler AG will also divest its truck unit as part of an effort to reduce costs and increase profit margins. Daimler Truck will be listed on the Frankfurt Stock Exchange on December 10.