Earnings to Watch This Week (CRWD, NIO)
From NASDAQ, Inc.:
The Federal Reserve is anticipated to make a decision on interest rates during its upcoming two-day meeting, with speculation mounting over a potential rate cut. Inflation has eased, but the Fed is also monitoring its $2.4 trillion in mortgage-backed securities. Governor Chris Waller has advocated for reducing the Fed’s MBS holdings to zero.
Since the financial crisis, the Fed has accumulated $2.4 trillion in assets through quantitative easing. The focus has now shifted to reducing the balance sheet through quantitative tightening. Despite these efforts, market activity remains positive, with record highs in both the S&P 500 and Nasdaq Composite index.
Investors are optimistic as the stock market continues to climb, with projections indicating a potential rate cut by the Central bank. Earnings season is winding down, but notable reports are still key to watch, including NIO Inc. and CrowdStrike. NIO’s upcoming earnings report is expected to show challenges in China’s EV market, with analysts revising price targets downward.
CrowdStrike, a leading cybersecurity company, is poised to announce quarterly results, with expectations of strong earnings growth. The global cybersecurity market is expanding rapidly, benefitting companies like CrowdStrike with innovative security solutions. With a history of outperforming peers, CrowdStrike is projected to see continued growth in the cybersecurity sector.
Read more at NASDAQ, Inc.:: Earnings to Watch This Week (CRWD, NIO)