Twitter, Amazon Annual, Baby Milk CEOs on Capitol Hill, Davos I a week ago

Investors will have another busy week with more corporate earnings and key economic data.

The volatile stock market may also continue after The S&P 500 briefly fell into bear market territory Friday. Meanwhile, the Nasdaq Composite Index, already in bear market territory, is down 0.3%. The Dow Jones Industrial Average rose 8.77 points to close at 3,1261.90.

ribbon protection else they change they change %
Me: DJI Dow Jones averages 31261.9 +8.77 + 0.03%
SP500 Standard & Poor’s 500 3901.36 +0.57 + 0.01%
I: COMP Nasdaq Composite Index 11354.617127 -33.88 -0.30%

FOX Business takes a look at upcoming events likely to move financial markets in the coming days.

Stock market recession scenario, Bank of America warns

Monday 5/23

The start of the week for earnings will be Advance Auto Parts and Zoom Video Communications after the bell.

ribbon protection else they change they change %
AAP Advance Auto Spare Parts Company 181.89 -14.18 -7.23%

Former Federal Reserve Chairman Ben Bernanke will also participate in a question and answer session on the future of monetary policy at 11:00 AM ET.

Former Federal Reserve Chairman Ben Bernanke speaks during a forum hosted by the Brookings Institution on August 17, 2015 in Washington, DC. The forum focused on the defense economy and American prosperity. (Photo by Mark Wilson/Getty Images)

ribbon protection else they change they change %
Didi DIDI GLOBAL INC 1.50 -0.11 -6.83%
ice INC CONTINENTAL EXCHANGE INC. 97.62 +1.72 + 1.79%

Didi Global shareholders will also vote on plans to delist from the New York Stock Exchange.

World Economic Forum 2022: What do you know

In the world of politics, President Biden will meet with Japanese Prime Minister Fumio Kishida. In international news, Ukrainian President Volodymyr Zelensky will address participants at the World Economic Forum in Davos, Switzerland.

Ukraine President Volodymyr Zelensky A (Sarahbeth Maney/The New York Times via AP, Pool, File) ((Sarahbeth Maney / The New York Times via AP, Pool, File) / AP Newsroom)

Pollard Fed says a recession will only come if there is a “major shock” to the economy

Tuesday 5/24

Earnings on Tuesday’s agenda include Abercrombie & Fitch, Autozone, Best Buy and Ralph Lauren before the market open, Intuit, Nordstrom, Toll Brothers and Urban Outfitters after the bell.

ribbon protection else they change they change %
ANF Abercrombie & Fitch Company. 27.97 -1.09 -3.75%
AZO Autozone Inc. 1,771.68 -117.71 -6.23%
BBY Best Buy Co., Ltd. 72.36 -0.96 -1.31%
RL Ralph Lauren Company. 93.24 +1.15 + 1.25%
INTU INTUIT INC. 367.78 +5.45 + 1.50%
JWN Nordstrom Corporation 21.18 -1.45 -6.41%
TOL Toll Brothers Co. 47.68 +0.87 + 1.86%
URBN Urban Exhibitors Company 19.98 -0.29 -1.43%

New home sales will also be released.

Other notable events include the Department of Energy Notice of planned sale To get an additional 40 million barrels of crude oil from the Strategic Petroleum Reserve with deliveries starting in June and a four-way meeting in Tokyo between Japan, the United States, Australia and India.

ribbon protection else they change they change %
USO United States Petroleum Fund LP 81.65 +1.07 + 1.33%
BNO United STS BRENT OIL FD LP UNIT 32.28 +0.42 + 1.32%

As inflation approaches, a third of Americans are in financial stress: Poll

Wednesday 5/25

Dick’s Sporting Goods and Express will highlight earnings ahead of the market open Wednesday, while Box, Nvidia Snowflake and Splunk will be in focus after the bell.

ribbon protection else they change they change %
DKS DICK’S SPORTING GOODS INC. 77.52 -1.74 -2.20%
EXP Eagle Material Company 121.85 -4.37 -3.46%
Box INC Fund. 26.53 -0.84 -3.07%
NVDA Nvidia Corp. 166.94 -4.30 -2.51%
snow Snowflake Company 141.49 -5.33 -3.63%
SPLK Splunk Company 98.90 +2.02 + 2.09%

On the economic data front, investors will be digesting durable goods, the Federal Reserve’s meeting minutes, weekly mortgage orders, and the EIA’s weekly crude oil inventories. The Congressional Budget Office will also release its budget and economic forecast for 2022-2023.

ribbon protection else they change they change %
ABT ABBOTT Laboratories 113.24 +0.80 + 0.71%
NSRGY Nestle SA 116.5001 -0.38 -0.33%
RBGLY Reckitt Benckiser Group plc 15.79 +0.34 + 2.17%

Food and Drug Administration officials and executives from Abbott Nutrition, Nestlé-owned Gerber Products Inc. and Reckitt Inc., the maker of Enfamil, will also testify before the House Energy and Commerce Subcommittee on Energy and Commerce Oversight and Investigations into nationwide infant formula shortages.

ribbon protection else they change they change %
TWTR Twitter you. 38.29 +1.00 + 2.68%
AMZN AMAZON.COM INC. 2,151.82 +5.44 + 0.25%
FB META PLATFORMS INC. 193.54 +2.25 + 1.18%

In addition, Twitter, Amazon, and Meta Platforms will all hold annual shareholder meetings.

In particular, Twitter’s pending acquisition of Elon Musk as well as Amazon’s proposed 20 to 1 stock split will be addressed.


Thursday 5/26

Closing out the week for earnings will be Buckle, Dollar General, Jack in the Box, Macy’s and Medtronic before the market opens, and Gap, Lions Gate Entertainment, Ulta Beauty and Workday after the bell.

ribbon protection else they change they change %
BKE The Buckle Inc. 30.08 +0.04 + 0.13%
DJ Dollar General Corporation. 187.60 -13.73 -6.82%
jack Jack in the Box Company 71.18 -1.85 -2.53%
M MACY’S INC. 18.16 -1.20 -6.20%
MDT MEDTRONIC PLC 102.53 -0.22 -0.21%
GPS GAP Company 10.93 -0.26 -2.32%
LGF.A Black Gate Entertainment Company. 12.16 -0.45 -3.57%
Ulta ULTA BEAUTY INC. 343.05 -8.26 -2.35%
day WORKDAY INC. 165.99 +1.47 + 0.89%

As for economic data, investors will be watching the second estimate of first-quarter GDP, pending home sales and the latest initial and continuing jobless claims.

Florida will also host a two-day Bitcoin & Blockchain Summit at the Hilton Orlando Resort starting Thursday. The conference will focus on how to “navigate the troubled waters of the future as the country enters a recession due to hyperinflation.” Bitcoin, along with other cryptocurrencies, has experienced downward pressure along with US stocks.


ribbon protection else they change they change %
UAL United Airlines Holdings 43.55 -0.66 -1.49%
Bachelor of Boeing Company 120.70 -6.44 – 5.07%

In addition, United Airlines is expected to return a Boeing 777 to service on a limited basis starting Thursday after the plane was grounded due to an uncontained engine fire during a flight from Denver to Honolulu in February 2021.

Friday 5/27

Ending the week with economic data will be the University of Michigan Consumer Confidence, Personal Income and Personal Consumption Index.

President Donald Trump speaks in the East Room of the White House, early Wednesday, November 4, 2020, in Washington. (AP Photo/Evan Vucci) (AP Photo/Evan Vucci/AP Newsroom)

Former President Donald Trump will also deliver remarks at the National Rifle Association’s Legislative Action Institute Leadership Forum.

Leave a Comment