Welcome back to closing bell on cheddar news everyone.
Let's turn to our segment next week on the street where we take
a look at the event sure to move markets in the days ahead
and first up the U. S. Stock market behind me closed on monday.
But earning season will continue
as some of the biggest names. In fact in retail set to post their results.
They include big box stores, walmart, Home Depot and department store company TJX,
the parent company of T.
J. Maxx, Marshalls and HomeGoods.
I will the street closely watching for the numbers from
the world's biggest retailer that will report results on Tuesday morning
walmart expected to post an earnings per share of a dollar and 52 cents
with 100 and $60 billion in sales roughly flat year on year.
While retailers face declining sales in the busy holiday shopping season.
In the face of persistent inflation
wall starts rapid expansion of e commerce and
logistics operations likely helping its top and bottom lines
other earnings to watch.
Next week our chip maker NVIDIA drugmaker Moderna E commerce platform.
Ebay and the entertainment giant Warner brothers Discovery
it's also a big week for economic data.
So let's take a look at some of the reports on tap on Tuesday.
We'll get a look at existing home sales from january Wednesday.
The Fed minutes from the most recent interest rate meeting
and those are gonna come out.
Those will be very important for the path forward for stocks
and then on thursday the first revision of fourth quarter
GDP friday the Fed's preferred
inflation gauge personal consumption expenditures,
january's new home sales and the consumer sentiment index. So it'll be busy.
But economists will closely be watching new
and existing home sales as the housing market
continues to struggle existing home sales falling for the 11th month in a row,
in December,
accounting for the slowest pace since 2010 and
its sky high mortgage rates and home prices,
which are keeping would be home buyers on the sidelines.
So we'll see if January's tally shows any signs of hope for the industry.