What to Expect in the Week Ahead (SE, NIO, and COST Earnings; Powell Testimony, Non-farm Payrolls)

Moomoo Breakfast US wrote a column · Mar 3 01:49

What to Expect in the Week Ahead (SE, NIO, and COST Earnings; Powell Testimony, Non-farm Payrolls)

$Sea(SE.US)$ is set to release its fourth-quarter 2023 results on Monday. The Zacks Consensus Estimate for earnings has been unchanged at 5 cents in the past 30 days. The figure declined 96% year over year.

On the same day, $Gitlab(GTLB.US)$ will announce its financial results for the fourth quarter of fiscal year 2024. As technology and enterprise software have driven much of the market's recent growth, the company is expected to do well because it is positioned at the center of the artificial intelligence revolution.

$NIO Inc(NIO.US)$ has been one of the most searched-for stocks on moomoo lately. Investors want to look at some of the facts that could shape the stock's performance in the near term. The company will release its earnings on Tuesday.

While media reports or rumors regarding a company's business prospects can often cause its stock to trend and result in an immediate price change, there are always underlying fundamental factors that ultimately determine the decision to buy and hold the stock.

$Target(TGT.US)$ 's earnings will also be announced on Tuesday, and the market is anticipating a positive outcome for the performance of the large retail store.

$Abercrombie & Fitch(ANF.US)$ and $Foot Locker(FL.US)$ , whose stock had been struggling but has since recovered, will report their earnings on Wednesday. Additionally, $Campbell Soup(CPB.US)$ , which has a significant snack portfolio, will also report on Wednesday. It remains to be seen whether the company can generate significant earnings in a market where consumers are increasingly using weight-loss drugs and may be less interested in unhealthy snacks.

Investors will be closely monitoring the earnings reports of grocery stores $The Kroger(KR.US)$ and $Costco(COST.US)$ , as well as $Marvell Technology(MRVL.US)$ , on Thursday. Kroger's recent merger attempt with Albertsons has been questioned by the Federal Trade Commission, and it is expected that the grocer will have to navigate legal proceedings.

During the first full trading week of March, macroeconomic issues will be the main focus for investors.

On Wednesday and Thursday, Fed Chair Jerome Powell is scheduled to provide his semiannual monetary policy update to the House of Representatives and the Senate, respectively.

Investors will be closely analyzing these testimonies for any indication of when lower rates might be implemented. Powell is expected to address and alleviate concerns regarding inflation.

The February jobs report, which is set to be released on Friday, is expected to show a decrease in payroll gains, with the U.S. economy adding 225,000 jobs in February compared to 353,000 in the prior month.

Hourly earnings are also anticipated to have grown less last month, with a 0.25% increase compared to a 0.6% increase in the previous month. If the report meets these expectations, it could further support the argument for a soft landing for the economy.