Highlights of the US market this week
In the coming week, the market will focus on several key economic data in the United States, as well as the earnings reports of various companies.
In the coming week, the market will focus on several key economic data in the United States, as well as the financial reports of multiple companies.
Economic data to be monitored
Price Index and Inflation: On Thursday, the United States will release GDP Price Index and Quarterly Annualized GDP. The former measures the price changes of all goods and services in GDP, showing inflation, while the latter estimates the quarterly GDP growth rate, showing the speed of economic expansion or contraction.
On Friday, the Core Personal Consumption Expenditure (PCE) Price Index will be released, which measures changes in consumer prices, provides insights into inflationary pressures, influences monetary policy decisions, and purchasing power.
Manufacturing and Business Activities: Tuesday's February durable goods order data will include durable goods orders, excluding transportation and capital goods orders, providing valuable reference for the market to understand consumer and corporate spending patterns.
Real estate market: The FHFA housing price index released on Tuesday tracks changes in housing prices, providing reference for the real estate market and consumer wealth status. In addition, monthly and annual sales data of unsold residential properties can help predict future housing sales.
Consumer sentiment and spending: The Consumer Confidence Index released on Tuesday measures consumer optimism and is crucial for understanding consumer spending decisions and overall economic growth.
In addition, personal income data will indicate consumers' purchasing power and their ability to spend, while personal expenditure data will indicate consumers' consumption patterns. These two data will be officially released on Friday.
Labor Market: Thursday's initial unemployment benefit application will evaluate the health of the labor market, with lower application numbers indicating better job market conditions.
Main corporate financial reports
Technology and Media: Buzzfeed will release its Q4 2023 earnings report on Monday, providing reference for the digital media industry. The latest earnings report of Ouster will reveal the performance of the emerging laser radar technology industry, which is crucial for autonomous vehicle and other applications.
Games and Entertainment: On Tuesday, Flutter Entertainment PLC and GameStop Corp's Q4 2023 earnings reports will be closely monitored by investors. These reports will provide insights into consumer trends, particularly in the gaming and online gambling industries.
Food and Consumer Goods: McCormick&Company Inc's Q1 2024 earnings report will provide valuable information on the performance of the food industry, providing insights into consumer preferences and spending patterns, especially in the context of ongoing supply chain challenges.
Service and Hotel Industry: The latest earnings reports from Cintas Corp, Paychex Inc, and Carnival Corp will provide key information to help investors evaluate the recovery trajectory of these industries after the pandemic, especially considering changes in consumer behavior and travel trends.
Financial Services: Jefferies Financial Group's Q4 2023 report will provide valuable information on investment banking, trading, and asset management activities.
Healthcare and Retail: Walgreens Boots Alliance's Q2 2024 earnings report will provide information on consumer healthcare spending and retail pharmacy trends, as well as progress on the company's ongoing digital transformation efforts.
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