With positive developments on the vaccine front giving fresh hopes of markets reopening, major stock indexes continued their rally this week. After a short-lived withdrawal, the Dow Jones Industrial Average bounced back and crossed the 30,000-mark once again. The S&P 500 closed at an all-time high of 3,722.48.
Meanwhile, continuing the COVID-induced volatility, jobless claims increased to a three-month high of 885,000 last week, contrary to expectations for a decline. The recent trend indicates it might take longer than expected for the economy to get back on track, given the resurgence of coronavirus infections and new round of restrictions.
Accenture and Rite Aid were among the last to publish earnings this season – both released financial reports on Thursday. They were joined by grocery store chain General Mills before the opening bell. Freight Company FedEx published second-quarter numbers Thursday after the bell.
With the market shifting to holiday mood, only a few companies are left for reporting earning. Used car retailer CarMax will be unveiling its third-quarter numbers on Tuesday before the opening bell. A day later, Paychex, Inc. is scheduled to publish third-quarter results.
Key Earnings to Watch
Monday: FactSet Research Systems, Enerpac Tool Group, Calavo Growers and Leslie’s Inc.
Tuesday: CarMax Inc., Cintas Corp., and ARK Restaurants Corp.
Wednesday: Paychex Inc.
Key Investor Days/AGMs to Watch
Key US Economic Events
The following are notable companies which have reported their earnings last week. In case if you have missed to catch up on their performance, click the respective links to skim through the transcripts to glean more insights.
Blue Bird Corp.
American Outdoor Brands
Rite Aid Corp
If you want to listen to how management responds to analyst questions and the tone they use, you can head over to our YouTube channel to listen to conference calls on the go.
These fast-food stocks can strengthen your portfolio this year. Here’s why
For American restaurant chains, the early months of the pandemic were a challenging period. But soon things changed for the better as people started ordering their favorite food items online
What to expect when McCormick & Company (MKC) reports Q1 results next week
Shares of McCormick & Company, Incorporated (NYSE: MKC) were up over 2% on Friday. The stock has dropped 12% year-to-date. The condiments manufacturer is scheduled to report its first quarter 2023
KB Home (KBH) Earnings: 1Q23 Key Numbers
KB Home (NYSE: KBH) reported total revenues of $1.38 billion for the first quarter of 2023 which was relatively flat compared to the same period last year. Net income of