Twitter, Amazon’s annual mtgs., baby formula CEO on Capitol Hill, week before Davos kickoff

Investors are headed for another busy week ahead of more corporate earnings and key economic data.

The volatile stock market may also continue S&P 500 briefly dips into bear market territory on Friday. Meanwhile, the Nasdaq Composite, already in bear market territory, fell 0.3%. The Dow Jones Industrial Average rose 8.77 points to close at 31,261.90.

stock code Safety Last Change Change%
me: DJI Dow Jones Average 31261.9 +8.77 +0.03%
SP500 S&P 500 3901.36 +0.57 +0.01%
me: compensation Nasdaq Composite 11354.617127 -33.88 -0.30%

FOX Business looks at upcoming possible events Financial market in the days to come.

Bank of America warns stocks will fall in stagflation scenario

Monday 23 May

The earnings week after the market opens will be Advance Auto Parts and Zoom Video Communications.

stock code Safety Last Change Change%
AAP ADVANCE AUTO PARTS INC. 181.89 -14.18 -7.23%
ZM Zoom Video Communications 89.74 -1.20 -1.32%

Former Federal Reserve Chairman Ben Bernanke will also participate in a Q&A on the future of monetary policy at 11:00 a.m. ET.

Former Federal Reserve Chairman Ben Bernanke speaks at a forum hosted by the Brookings Institution on August 17, 2015 in Washington, DC. The forum focuses on the defense economy and American prosperity. ((Photo by Mark Wilson/Getty Images))

stock code Safety Last Change Change%
Didi Didi Global 1.50 -0.11 -6.83%
ice Intercontinental Exchange 97.62 +1.72 +1.79%

Didi global shareholders will also vote on plans to delist from the New York Stock Exchange.

World Economic Forum 2022: What you need to know

In politics, President Biden will meet with Japanese Prime Minister Fumio Kishida. In international news, Ukrainian President Volodymyr Zelensky will address participants of the World Economic Forum in Davos, Switzerland.

Ukrainian President Volodymyr Zelensky a (Sarahbeth Maney/The New York Times via AP, Pool, File) (((Sarahbeth Maney/The New York Times via AP, Pool, File)/AP Newsroom)

Fed’s Bullard says recession will only happen if economy takes ‘big shock’

Tuesday 24th May

Tuesday’s gains included Abercrombie & Fitch, AutoZone, Best Buy and Ralph Lauren before the market opened, and Intuit, Nordstrom, Toll Brothers and Urban Outfitters after the market opened.

stock code Safety Last Change Change%
azo Auto Zone Corporation 1,771.68 -117.71 -6.23%
BBY best buy co., ltd. 72.36 -0.96 -1.31%
reinforcement learning ralph lauren co. 93.24 +1.15 +1.25%
INTU Intuitive Company 367.78 +5.45 +1.50%
JWN Nordstrom 21.18 -1.45 -6.41%
Thor Toll Brothers 47.68 +0.87 +1.86%
city ​​network city ​​clothing company 19.98 -0.29 -1.43%

New home sales will also be released.

Other notable events include the Department of Energy’s Planned Sales Notification An additional 40 million barrels of crude from the Strategic Petroleum Reserve will be delivered in June, with a four-party meeting of Japan, the United States, Australia and India in Tokyo.

stock code Safety Last Change Change%
USO American Oil Fund LLC 81.65 +1.07 +1.33%
BNO US Brent Crude Oil FD LP Units 32.28 +0.42 +1.32%

One-third of Americans are experiencing financial stress as inflation soars: survey

Wednesday 25th May

Dick’s Sporting Goods and Express will be in the earnings spotlight before Wednesday’s open, while Box, Nvidia Snowflake and Splunk will be in focus after the bell.

stock code Safety Last Change Change%
DKS dick sporting goods co. 77.52 -1.74 -2.20%
Experience Eagle Materials 121.85 -4.37 -3.46%
Box box company 26.53 -0.84 -3.07%
Nvidia Nvidia Corporation 166.94 -4.30 -2.51%
Snow Snowflake 141.49 -5.33 -3.63%
SPLK Splenk 98.90 +2.02 +2.09%

On the economic data front, investors will digest durable goods, Federal Reserve minutes, weekly mortgage applications and weekly crude oil inventories from the Energy Information Administration. The Congressional Budget Office will also release its 2022-2023 budget and economic outlook.

stock code Safety Last Change Change%
ABT Abbott Laboratories 113.24 +0.80 +0.71%
NSRGY Nestle 116.5001 -0.38 -0.33%

Food and Drug Administration officials and executives from Abbott Nutrition, Nestlé’s Gerber Products Company and Enfamil maker Reckitt will also testify before the House Energy and Business Oversight and Investigations Subcommittee on the national infant formula shortage.

stock code Safety Last Change Change%
TWTR twitter company 38.29 +1.00 +2.68%
Amazon 2,151.82 +5.44 +0.25%
Facebook Meta Platform Company 193.54 +2.25 +1.18%

Additionally, Twitter, Amazon, and Meta Platforms will all hold annual shareholder meetings.

In particular, Twitter’s upcoming acquisition of Elon Musk and Amazon’s proposed 20-for-1 stock split will be resolved.

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Thursday 26 May

Gains for the closing week will be for Buckle, Dollar General, Jack in the Box, Macy’s and Medtronic before the market opens and after Gap, Lionsgate, Ulta Beauty and Workday.

stock code Safety Last Change Change%
BKE Buckle Company 30.08 +0.04 +0.13%
dangerous goods dollar head office 187.60 -13.73 -6.82%
Jack Jack in a Box 71.18 -1.85 -2.53%
Meter Macy’s 18.16 -1.20 -6.20%
MDT Medtronic 102.53 -0.22 -0.21%
Global Positioning System Gap Corporation 10.93 -0.26 -2.32%
growth factor Lionsgate Entertainment 12.16 -0.45 -3.57%
ULTA ULTA BEAUTY INC. 343.05 -8.26 -2.35%
working day working day company 165.99 +1.47 +0.89%

As for economic data, investors will be closely watching the second estimate of first-quarter GDP, pending home sales and the latest initial and continuing jobless claims.

Florida will also host a two-day Bitcoin and Blockchain Summit starting Thursday at the Orlando Hilton Resort. The meeting will focus on how to “navigate the turbulent waters ahead as the country slides into recession due to hyperinflation”. Bitcoin, along with other cryptocurrencies, has seen downward pressure along with U.S. stocks.

Live encrypted data: click here

stock code Safety Last Change Change%
UAL United Airlines Holdings 43.55 -0.66 -1.49%
Bachelor of Arts Boeing 120.70 -6.44 -5.07%

Additionally, United Airlines expects to resume Boeing 777 service on a limited basis starting Thursday after the plane was grounded due to an engine fire during a February 2021 flight from Denver to Honolulu.

Friday 27th May

Economic data ending the week will be the University of Michigan’s Consumer Confidence Index, Personal Income and Personal Consumption.

President Donald Trump speaks in the East Room of the White House early Wednesday, Nov. 4, 2020, in Washington. (AP Photo/Evan Vucci) (AP Photo/Evan Vucci/AP Newsroom)

Former President Donald Trump will also speak at the National Rifle Association’s Legislative Action Leadership Forum.

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