Baird Investment strategy analyst Ross Mayfield discusses the stocks and sectors he buys at the end of the fiscal quarter on “The Claman Countdown”.
Investors are bracing for another busy week of corporate earnings and key economic data after stocks posted their first weekly gain in a month.
The Dow Jones Industrial Average ended up more than 5.3%. Meanwhile, the S&P 500 and the Nasdaq composite climbed more than 6% and 7%, respectively.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 31500.68 | +823.32 | +2.68% |
| SP500 | S&P500 | 3911.74 | +116.01 | +3.06% |
| I: COMP | NASDAQ COMPOSITE INDEX | 11607.620416 | +375.43 | +3.34% |
Earnings and economic data will determine if the momentum continues as FOX Business examines upcoming events likely to shift Financial markets in the coming days.
Monday 27/06
Earnings from Nike and Jeffries Financial Group will kick off the week. On the economic data front, investors will be digesting durable goods and pending home sales.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| NKE | NIKE INC. | 112.90 | +4.92 | +4.56% |
| I F | JEFFERIES FINANCIAL GROUP INC. | 27.88 | +0.99 | +3.68% |
Monday will also mark the first day of trading after FTSE Russell’s annual rebalancing of its indices.
DOW JUMPS MORE THAN 825 POINTS, COMPANIES REACT TO ROE V. WADE
tuesday 06/28
Beyond Air will be in the spotlight after Tuesday’s bell after its earnings release and the conference call has been rescheduled for June 16.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| XAIR | BEYOND AIR | 6.49 | -0.53 | -7.55% |
Economic data set for Tuesday will include consumer confidence, the monthly FHFA home price index and the monthly Case-Shiller home price index. San Francisco Fed President Mary Daly will also participate in a virtual fireside chat hosted by LinkedIn.
She told FOX Business exclusively on Friday that fighting inflation was the central bank’s top priority.
San Francisco Federal Reserve Chair Mary Daly speaks exclusively with Ed Lawrence of FOX Business to discuss inflation and the US economy.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| GCM | CHIPOTLE MEXICAN GRILL INC. | 1,329.02 | +39.50 | +3.06% |
At the Capitol, the House will hold a hearing on the fight against ransomware. Tuesday also marks the deadline to file a claim as part of a settlement against Chipotle for overcharging for delivery.
Wednesday 06/29
Earnings will rise on Wednesday with Barnes & Noble Education, Bed Bath & Beyond, General Mills, McCormick & Co, Paychex and Schnitzer Steel ahead of the market open.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| NDEB | BARNES & NOBLE EDUCATION INC COM | 3.24 | +0.17 | +5.54% |
| BBBY | BED BATH & BEYOND INC. | 7.00 | -0.13 | -1.82% |
| GIS | GENERAL MILLS INC. | 70.63 | +1.71 | +2.48% |
| MKC | MCCORMICK & CIE INC. | 87.75 | +2.35 | +2.75% |
| PAYX | PAYCHEX INC. | 122.43 | +5.12 | +4.36% |
| SCHN | SCHNITZER STEEL INDUSTRIES | 32.91 | +0.35 | +1.07% |
Economic data on the ledger will include the final first-quarter GDP reading, weekly mortgage applications and weekly crude inventories from the Energy Information Administration.
Loretta Mester, president of the Federal Reserve Bank of Cleveland. (Photographer: Marlene Awaad/Bloomberg via Getty Images/Getty Images)
Cleveland Fed Chair Loretta Mester will also participate in a panel on “The Role of Inflation Expectations in Forming Monetary Policy” ahead of the European Central Bank’s Forum on Central Banks.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| STORE | SHOPIFY INC. | 385.50 | +21.71 | +5.97% |
Wednesday will also mark Shopify’s first trading day after its 10-for-1 stock split.
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Thursday 30/06
Constellation Brands and Walgreens Boots Alliance before the market open and Micron Technology after the bell will close the week for profit.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| ZST | CONSTELLATION BRANDS INC. | 245.94 | +6.47 | +2.70% |
| WBA | WALGREENS BOOTS ALLIANCE INC. | 41.65 | +0.76 | +1.86% |
| MU | MICRON TECHNOLOGY INC. | 58.44 | +2.22 | +3.95% |
When it comes to economic data, investors will consider the Chicago PMI and the latest data on PCE inflation and initial and continuing jobless claims.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| TO REGISTER | SPIRIT AIRLINES INC. | 24.54 | +0.71 | +2.98% |
| ULCC | FRONTIER GROUP HOLDINGS | 10.54 | +0.65 | +6.57% |
| JBLU | JETBLUE AIRWAYS CORP. | 8.62 | +0.47 | +5.77% |
Spirit Airlines will hold a special meeting for shareholders to vote on its proposed merger with Frontier Airlines. The meeting, originally scheduled for June 10, was postponed to allow the airline to continue discussions with its shareholders, Frontier and Jet Blue Airways, which issued a counter-offer.
| Teleprinter | Security | Last | To change | To change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 141.66 | +3.39 | +2.45% |
In addition, new guidelines on the Apple App Store will require developers to offer in-app purchases for paid group events and removal of in-app accounts starting June 30. Bank of America‘s minimum hourly wage hike to $22 an hour will also go into effect.
Friday 7/1
Vehicle sales, construction spending and the ISM manufacturing PMI will end the week for economic data.
Elsewhere, the IRS will change the standard mileage rate for tax deductions for the rest of 2022 and the European Central Bank will end bond buying.
Additionally, Connecticut; Washington D.C.; Nevada; Oregon; Chicago and Cook County, Illinois; Montgomery County, Maryland; Minneapolis and St. Paul, Minnesota; and Berkeley, Emeryville, Los Angeles, Malibu, Pasadena, San Francisco and Santa Monica, California will see their minimum wages increase.
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