Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Retail Profit, Tech Reports, Mortgage Demand: 3 Things to Watch

Stock MarketsMay 25, 2021 16:04
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Shutterstock

By Liz Moyer

Investing.com -- Stocks traded mostly sideways on Tuesday as weakness in energy offset strength in travel-related sectors, and the U.S. was set to reach a 50% vaccination rate for adults.

The vaccination trends, and drop in new domestic Covid cases, is energizing corners of the market like airlines, cruise operators and other leisure-related stocks. Public health restrictions across the U.S. are lifting, encouraging people to venture out for the first time in a year.

American Airlines Group (NASDAQ:AAL) and United Airlines Holdings Inc (NASDAQ:UAL) said they expected an even faster return of business travel demand than earlier forecasts, boosting their stocks. 

Consumer confidence in the economy, however, fell short of expectations after surging to a record high in April. 

In tech news, Amazon.com (NASDAQ:AMZN) faces a lawsuit by the District of Columbia’s Attorney General, who accuses the ecommerce giant of anticompetitive pricing practices involving its third-party sellers. 

Here are three things that could affect markets tomorrow:

1. Retail earnings keep on coming

In retail earnings on Wednesday, analysts tracked by Investing.com are expecting Dick’s Sporting Goods Inc (NYSE:DKS) to report earnings per share of $1.16 on revenue of $2.21 billion, and they expect American Eagle Outfitters Inc (NYSE:AEO) to report EPS of 47 cents on revenue of $1 billion.

2. Tech earnings also rolling in

Tech also has some earnings of note on Wednesday. Analysts expect Workday Inc (NASDAQ:WDAY) to report EPS of 73 cents on revenue of $1.16 billion, Snowflake Inc (NYSE:SNOW) to report a loss of 16 cents on revenue of $212.9 million, and NVIDIA Corporation (NASDAQ:NVDA) to report EPS of $3.28 on revenue of $5.39 billion.

3. Housing data this week

Mortgage applications for the last week come out at 7:00 AM ET (1100 GMT). Already on Tuesday, data on house prices showed they advanced faster than expected in March, some 13.3.% for 20 major markets over the prior year, up from 12% in February over the prior year.

 

Retail Profit, Tech Reports, Mortgage Demand: 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email