From CNBC: 2024-05-18 10:00:01

All three major averages closed higher last week due to softer retail sales and consumer price data in April. This data signaled disinflation, crucial for hopes of a Federal Reserve interest rate cut in 2024. Despite other reports, stocks rose as the S&P 500 closed above 5,300 and the Dow topped 40,000 for the first time, finishing the week with gains. With 93% of S&P 500 companies reporting, mostly positive earnings surprises were seen. Looking ahead, upcoming housing reports and earnings from three portfolio companies are anticipated. According to a subscriber CNBC Investing Club, upcoming earnings results from Palo Alto Networks, TJX Companies, and Nvidia are expected to be significant.

In the following week, key economic data includes existing and new home sales reports, which are critical due to housing market strength despite inflation concerns. While disinflation trends continue, housing remains a major factor in the Fed’s rate-cutting decisions. Three significant earnings reports are expected, including Palo Alto Networks, TJX Companies, and Nvidia. Each company faces unique challenges and opportunities, impacting future growth and stock performance. Alongside it, other quarterly results were mentioned, positioning investors to anticipate key sales and earnings performance.



Read more at CNBC:: Nvidia, TJX, Palo Alto Networks report earnings next week