With inflation going down, economic sluggishness and recession fears brewing, Wall Street’s mood is mixed. A week after a bloodbath in the stock market, investors are hoping for some healing in the new week.
Here’s what we can expect from this week:
Important earnings to keep an eye on
This week, tech, energy and healthcare stocks will announce their earnings, attracting a lot of attention.
Monday
Defense-tech company Palantir $PLTR Technologies will report earnings after the bell. For some time, a growing demand for AI has driven the company.
Tuesday
Uber $UBER will report its financial health card in the morning. Super Micro Computer and Airbnb $ABNB will release their earnings after the closing bell. Among energy stocks, Marathon $MPC Petroleum Corporation and Constellation Energy Corporation will release their earnings before the market opens, while Suncor Energy will post its results after the market closes.
Wednesday
Novo Nordisk and CVS Health $CVS Corporation will post their earnings before the market opens.
Thursday
Eli Lilly $LLY and Company will share its report card in the morning.
Other macroeconomic data to watch
On Tuesday, a report on the U.S. trade deficit will be released, and on Wednesday, consumer credit data will be released. On Thursday, weekly initial jobless claims will be announced, which will be a must-watch amid weak job reports.