3 Things to Watch -Breaking
[ad_1]
By Dhirendra Tripathi
Investing.com — Monday’s stock rally was triggered by comments made public by health officials about the Omicron version of Covid-19 being milder than anticipated. These remarks prompted tech stocks and cyclical shares to surge.
With only about 30 minutes of trade remaining in the U.S. session, the market was heading for one of its most successful days of the year.
Each of the S&P 500’s 11 sectors were positive, led by financials, industrials, and energy, according to Reuters.
However, stocks are moving despite a lack of major data this week and an earnings spot that is quiet on the earnings calendar. The catalyst for stock movements appears to be sentiment around Covid and the Federal Reserve’s policy meeting next Wednesday.
Oil rose by 4% Monday
Market watchers expect the Fed not to cut its bond purchasing program as it indicated in November but instead to increase rates beginning next year.
The next data after last week’s mixed jobs report will be the consumer price index and inflation readings, both due out Friday.
These are the three factors that will impact markets tomorrow.
1. AutoZone earnings
The pandemic trend of people buying cars was obvious. What happens when all the music stops? AutoZone Inc. (NYSE:) is expected to report first-quarter earnings Tuesday. AutoZone Inc (NYSE:) is forecast to report a $20.89 profit per share on $3.37 Billion in revenues.
2. Toll Brothers Earnings (NYSE:
The most popular sector is housing. Analysts tracked by Investing.com have reported that Toll Brothers will report a revenue of $2.9billion for the fourth quarter. EPS was $2.48. Analysts will be listening for the company’s outlook on supply and labor issues.
3. Stitch Fix Earnings
There’s another trend that is causing panic: Online shopping and the delivery of bundles. Stitch Fix (NASDAQ:)’s first-quarter revenue is seen at $571.75 million with a loss per share of 13 cents.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes, charts, or buy/sell signal information. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
[ad_2]