From Nasdaq.: 2024-06-10 12:11:34

The U.S. consumer price index (CPI) inflation report for May is set to be released on June 12th, becoming a key factor for investors to consider in the market. The report will provide insight into inflation trends and potential rate cuts, impacting the broader economy and election year dynamics.

Tesla (TSLA) reported disappointing Q1 2024 results, missing expectations amidst global EV adoption challenges and high interest rates affecting demand for premium vehicles. While the energy storage business saw profitability, volatility is expected until interest rates stabilize, making TSLA stock sensitive to the upcoming CPI report in May.

Boeing (BA) faced controversy over 737 max issues but offers a compelling long-term entry point after Q1 2024 results beating EPS estimates. Potential rate cuts may boost BA given its debt load, but a hot inflation report could increase near-term pressure. BA remains a key stock to watch ahead of the May data release.

Coinbase (COIN) reported strong Q1 results driven by the crypto market performance, with revenue surging and beating estimates. The company’s profitability is directly tied to the crypto sector, making it highly volatile. The upcoming CPI report may influence crypto market conditions, making COIN a stock to watch closely before the data release.

Read more at Nasdaq: 3 Stocks to Watch like a Hawk Before the Inflation Report