After registering a slow recovery in the first half of the week, the markets pared these gains on Thursday and Friday. The weakness witnessed in the latter half of the week was based on hiring uncertainties in the aftermath of COVID-19 pandemic, as well as the central bank’s guidance of a slow recovery. The Federal Reserve also announced its intention not to raise interest rates for another three to four years. The S&P 500 index fell 1.6% in the week’s run.
Meanwhile, NASDAQ 100 and Dow Jones Industrial Average were dragged by the continued weakness in Big Tech. JPMorgan analyst Marko Kolanovic has, meanwhile, predicted that the sell-off in NASDAQ 100 is “probably over.”
On the notable earnings for the upcoming week, sportswear giant Nike (NKE) and Canadian pot producer Aurora Cannabis (ACB) are set to conduct their quarterly earnings calls on September 22, the once-dominant smartphone maker BlackBerry (BB), drugstore chain Rite Aid (RAD), and warehouse retailer Costco Wholesale (COST) will be conducting their quarterly earnings calls on September 24.
Key Earnings to Watch
Investor Days to Watch
Key Corporate Conferences 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/infographs to glean more insights.
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.
Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections. Global comparable store sales increased
Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search
Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,