Written by Brenda Nakalema

BioNTech, Chewy, Lululemon, Walgreens, plus Other Stocks to Watch

The Jobs report to be released on Friday will be closely watched by investors this week. The Bureau of Labour …

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The Jobs report to be released on Friday will be closely watched by investors this week. The Bureau of Labour Statistics is expected to release a report detailing an increase of 450,000 jobs in March, matched with an unemployment rate of 3.7%. That would contrast with a rise of 678,000 nonfarm payrolls in February.

This week’s earnings reports will include Chewy, Lululemon Athletica, and Micron Technology on Tuesday, BioNTech on Wednesday, and Walgreens Boots Alliance on Thursday. Autodesk and SolarEdge Technologies will also hold their investor events on Tuesday.

Bureau of Labour Statistics will release the Jobs Openings and Labor Turnover Survey. S&P CoreLogic’s Case- Shriller National Home Price Index for January- will be released on Tuesday. Thursday features the Bureau of Economic Analysis report on February’s personal income and expenditure statistics.

Monday 28/3

First-quarter results released by Jefferies Financial Group.

The Federal Reserve Bank of Dallas goes forward and releases its Texas Manufacturing Outlook Survey for the month of March. The consensus estimate stood at a 12.5 reading, 1.5 points lower than in February. Since July 2020, the index has had a positive reading every month, indicating growth in the region’s manufacturing sector.

Tuesday 29/3

Chewy, Lululemon Athletica, McCormick, Micron Technology, PVH release earnings. Autodesk and SolarEdge Technologies hold investor meetings.

The Job Openings and Labour Turnover Survey is to be released by The Bureau of Labour Statistics. It is expected that there were 11.3 million job openings by February’s last business day, roughly the same as January’s total. Unfilled jobs remain at high levels in an extremely tight labour market.

The Case- Shiller National Home Price Index for January released by S&P CoreLogic. Home price projections have risen 18.8% year over year, coming neck-to-neck with December figures. In 2021, homeowners enjoyed the biggest appreciation in the 34 years since data was collected- led by Phoenix, Tampa, and Miami, all with prices increasing by 27% or more.

Wednesday 30/3

The National Employment Report for March released by ADP. The consensus estimate is for an increase of 400,000 jobs in the private sector employment. Private-sector employment still lags behind pre-pandemic levels by close to three million.

BioNTech and Paychex report quarterly results.

The Bureau of Economic Analysis releases its final estimate for fourth-quarter gross- domestic product growth. Economists forecast that GDP experienced growth at a seasonally adjusted rate of 7%, unchanged from BEA’s second estimate.

Thursday 31/3

Walgreens Boots Alliance discusses its earnings through a conference call.

Chicago Purchasing Managers Index for March released by the Institute for Supply Management. Expectations stand at a 56.5 reading, roughly equal to the February figure.

The BEA reports on personal income and expenditure for February. Projected increase in income stands at 0.6% month over month, while spending is expected to have risen by 0.3%. This contrasts with a flat reading and a 2.1% rise, respectively, for January.

Friday 4/1

March jobs report released by BLS. Economists forecast a gain of 450,000 in nonfarm payrolls, compared with 678,000 in February. The unemployment rate is seen dropping from 3.8% to 3.7%. The previous two releases saw a combined upside surprise to the consensus of 633,000 additional jobs, even as the jobless rate nears the February 2020 level of 3.5%.