Written by Brenda Nakalema

Walmart, Moderna, Target, Deere, Home Depot, plus Other Stock Moves to Watch This Week

With it being the last leg of the first-quarter earnings season, most retailers are left to report their earnings this …

JPMorgan: The stock market is not in a bubble, it is the fear among investors that is

With it being the last leg of the first-quarter earnings season, most retailers are left to report their earnings this week. Government data on U.S retail sales will also be released during the course of this week.

Home Depot (ticker: HD) and Walmart release reports on Tuesday, followed closely by Target (TGT), Lowe’s, and Bath & Body Works (ticker: BBWI) all on Wednesday, and Ross Stores (ticker: ROST) on Thursday.

Non-retailer earnings highlights to be released during the course of this week include Take-Two Software (ticker: TTWO) on Monday, Cisco Systems and Analog Devices (ticker: ADI) on Wednesday, Applied Materials on Thursday and Deere on Friday. Caterpillar and Moderna will also host investor days on Tuesday.

The following economic data to be released this week will be the Consensus Bureau’s April retail sales data on Tuesday Morning. The Conference Board will be Leading the Economic Index report for April on Thursday. Expectations are for a 0.8% month-over-month increase.

There will also be multiple housing-market indicators released this week. The National Association of Home Builders releases its Housing Market Index for the month of May on Tuesday, the Census Bureau reports new residential construction data for April on Wednesday, and the National Association of Realtors releases a report on existing-home sales for April on Thursday.

Monday 16/5

Quarterly results released by Take-Two Interactive Software.

The Empire State Manufacturing Survey for May, released by the Federal Reserve Bank of New York. The consensus estimate stood at an 18.2 reading. After three readings close to less than zero begin the year, April witnessed a climb to 24.6, an indicator of growth in the region’s manufacturing activity.

Tuesday 17/5

Walmart releases first-quarter fiscal for 2023 earnings. The retail giant’s shares climbed 2% this year, one of only eight of the 30 DJIA members to be green-lighted, as investors have fled to the predictability of energy, utilities, and consumer staples.

Home Depot, Keysight Technologies, JD.com and Vodafone Group announce their earnings.

Investor days hosted by Caterpillar and Moderna.

The Housing Market Index for May released by the National Association of Home Builders. Economists forecast a 75 reading, two points lower than the April figure. The 77 figure in April was at a seven-month low for the index, as 30-year fixed-mortgage rates have climbed above 5% for the first time since 2011.

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

Thursday 19/5

Conference calls to discuss earnings held by Applied Materials, Palo Alto Networks, Ross Stores and V.F Corp.

Report on the existing home sales released by The National Association of Realtors. Economists believe that sales dropped to a seasonally adjusted rate of 5.6 million from 5.77 million in March. It would mark the third consecutive decline if estimates prove to be true.

The Conference Board releases its report on its Leading Economic Index for the month of April. Expectations are for a flat month-over-month reading of roughly 119.6. The board set the current projection at 3% gross domestic product growth for 2022, even in the midst of fears of a hard landing precipitated by the expected interest-rate hikes from the Federal Reserve.

Friday 20/5

Deere reports results for its 2022 fiscal second quarter.