Walmart, Moderna, Target, Deere, Home Depot and other stocks for investors to watch this week

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It’s the end of the first quarter earnings season, with most retailers due to report this week. US government retail sales data will also be released.

Home deposit

and

walmart

report on Tuesday, followed by Target,

TJX
,

Lowe
it is

and

Bath and body care

on Wednesday and

Ross Stores

Thursday.

Non-retail revenue highlights this week will include

Take-Two interactive software

Monday,

Cisco Systems

and

Analog devices

Wednesday,

Applied materials

Thursday, and

Deere

Friday.

caterpillar

and

Modern

will also host investor days on Tuesday.

The highlight of the week’s economic data will be April retail sales data from the Census Bureau on Tuesday morning. Expectations are for a 0.8% rise month over month. The Conference Board will release its main economic index for April on Thursday.

Several housing market indicators will also be released this week: the National Association of Home Builders releases its Housing Market Index for May on Tuesday, the Census Bureau releases new homebuilding data for April on Wednesday, and the National Association of Realtors reports existing data – home sales for April on Thursday.

Monday 05/16

Take-Two Interactive Software publishes its quarterly results.

The Federal Reserve Bank of New York publishes the Empire State Manufacturing Survey for the month of May. The consensus estimate is for a reading of 18.2. After three readings near or below zero to start the year, April saw a surge to 24.6, indicating growth in the region’s manufacturing activity.

tuesday 5/17

Walmart reports first quarter results for fiscal 2023. Shares of the retail giant have risen 2% this year, one of only eight out of 30 DJIA members to be in the green, as investors said fled to the security of energy, utilities and basic consumer goods.

Home Depot,

Keysight-Technologies
,

JD.com
,

and

Vodafone Group

announce the winnings.

Caterpillar and Moderna hold investor days.

The national association of Home Builders releases its Housing Market Index for the month of May. Economists forecast a reading of 75, two points lower than in April. The April figure of 77 was a seven-month low for the index, as 30-year fixed mortgage rates rose above 5% for the first time since 2011.

The Census Bureau reports retail sales data for April. It is expected to be up 0.8%, month over month, while retail sales, excluding autos, are expected to have risen 0.4%. That compares to gains of 0.75% and 1.4%, respectively, in March.

Wednesday 05/18

Analog Devices, Bath & Body Works, Cisco Systems, Lowe’s,

Synopsis
,

Target and TJX Cos. publish their quarterly results.

Akamai Technologies
,

humane
,

and

Thermo Fisher Scientific

hold investor meetings.

The Census Bureau reports new residential construction data for April. The consensus estimate is for a seasonally adjusted annual rate of 1.76 million private housing starts, slightly lower than the March figure.

Thursday 5/19

applied materials,

Palo Alto Networks
,

Ross stores, and

VF
Company

hold conference calls to discuss earnings.

The national association of Realtors reports existing home sales for the month of April. Economists estimate they fell to a seasonally adjusted annual rate of 5.6 million from 5.77 million in March. It would be the third straight monthly decline if the estimates turn out to be accurate.

The conference board publishes its main economic index for April. Expectations are for a stable month-over-month reading of 119.6. The board currently forecast gross domestic product growth of 3% for 2022, despite fears of a hard landing precipitated by expected interest rate hikes from the Federal Reserve.

Friday 5/20

Deere reports results for its second fiscal quarter 2022.

Write to Nicholas Jasinski at [email protected]

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