by “The Bubba Show” host Todd Horowitz and Seaport Securities founder Ted Weisberg analyze the resilient U.S. economy after new inflation data came in higher than expected on “The Claman Countdown.”
It’s going to be a busy week ahead for investors full of conference hearings, big names and important earnings reports.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| me: DJI | DOW JONES MEMORANDUM | 33390. 97 | +387.40 | +1.17% |
| SP 500 | S&P 500 | 4045.64 | +64.29 | +1.61% |
The stock market coming off a strong week with the Dow Jones Industrial Average and the S&P 500 rising nearly 2% and the Nasdaq Composite rising 2.6%.
FOX Business breaks down this week’s key market events:
SIGNS OF FUTURE INTEREST RATE RAISES TO FIGHT STICK INFLATION
Monday, March 6
On Monday at 11 a.m. ET, TikTok’s CEO will talk about what’s next for social media at an event marking the 100th anniversary of the Harvard Business Review.
In earnings news, before the opening bell, Lordstown Motors reports.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| TRAVEL | LORD’S MOTORS | 1.12 | +0.06 | +5.66% |
Earnings after the bell include Grindr, Sealed Air, thredUP and WW International.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| GRND | GRIND | 6.60 | +0.05 | +0.76% |
| LOOK | SEALED AIR CORP. | 49.12 | +0.39 | +0.80% |
| TDUP | THREDUP INC. | 1. 60 | -0.05 | -3.03% |
| WW | WW INTERNATIONAL INC. | 4.25 | +0.38 | +9.82% |
In economic news, Factory orders for US manufactured goods are forecast to fall 3.7%.
Tuesday, March 7
On Tuesday, Federal Reserve Chairman Jerome Powell will deliver his semi-annual monetary policy report to lawmakers.
Federal Reserve Chairman Jerome Powell attends the Central Bank Symposium at the Grand Hotel in Stockholm, Sweden, on January 10, 2023. (Claudio Bresciani / TT News Agency / AFP via Getty Images / Getty Images)
Also in Washington, DC, the District of Columbia Court of Appeals will hear oral arguments in Grayscale’s lawsuit against the SEC after it blocked Grayscale’s attempt to convert its Bitcoin Trust into an ETF.
Grayscale CEO Michael Sonnenshein shared his opinion on the situation with FOX Business.
Full Interview below:
FOX Business’ Charlie Gasparino talks with Grayscale Investments CEO Michael Sonnenshein about his firm’s case against the SEC over the denial of a bitcoin ETF on “The Claman Countdown.”
FTX FALLOUT HITS SILVERGATE, BITCOIN
On Capitol Hill, the House Ways and Means Committee will conduct a hearing on “The State of the American Economy: The Heartland,” and the Senate Banking, Housing and Urban Affairs Committee will hold a hearing on the federal debt limit and its economic and financial consequences. .
In earnings, Barnes & Noble Education, Dick’s Sporting Goods, Dole PLC and Vivid Seats report before the market opens.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| BANNED | Barnes & Noble Education Inc | 1. 89 | -0.05 | -2.58% |
| DKS | DICK’S SPORTING GOODS INC. | 132.12 | +2.65 | +2.05% |
| DOL | DOLE PLC | 12.29 | +0.21 | +1.74% |
| JOHN | Vivid Seat Inc | 7. 19 | -0.40 | -5.27% |
After the Bsquare deals close, Casey’s General Stores and Stitch Fix will report earnings.
Economic data will include wholesale inventories, wholesale sales and consumer credit, which are expected to rise by $20 billion, and the ISM Report on hospital supply chains is released at 10 a.m. ET.
Wednesday, March 8
Wednesday marked the first meeting of the new board created by the Florida state government led by Gov. Ron DeSantis that will oversee the development of Disney World.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| DIS | THE Walt Disney Co. | 101.14 | +2.22 | +2.24% |
DESANTIS APPOINTS ‘MAMANNA DON LIBERTY’ CO-FOUNDER TO DISNEY’S NEW WORLD BOARD OF DIRECTORS
Elsewhere, the Pennsylvania state Senate hired Norfolk Southern CEO Alan Shaw to testify about the derailment in East Palestine, Ohio. The hearing will be the first time a legislative body in the United States will hear testimony from the Chief Executive following the disaster.
SEE: OHIO RESIDENTS LASH OUT
A Norfolk Southern official delivered a heavy-handed criticism of his company at a town hall in East Palestine, Ohio, on Thursday. (WEWS)
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| NSC | NORFOLK CORP. | 228.35 | -0.25 | -0.11% |
After a 22% drop in sales during the holiday period and several layoffs, Mattel will give investors a strategic update and share plans for the year in a virtual investor meeting. Rival Hasbro could also be active.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| MAT | MATTEL INC. | 18.06 | +0.17 | +0.95% |
| AFTER | HASBRO INC. | 55.62 | +0.55 | +1.00% |
The Senate Business Committee on Health, Education, Labor and Pensions will vote on a subpoena by Howard Schultz, CEO of Starbucks Corp., with a hearing immediately following to examine the protection of workers’ rights to organize unions free from union busting corporate illegally. . Last week, Starbucks told FOX Business that they are in communication with Senator Bernie Sanders about the request but at this point the original decision is being kept from appearing.
Judge Says STARBUCKS COMMITTED ‘AUTHORIZED AND EXECUTIVE’ LABOR VIOLATIONS IN UNION FIGHT
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| SBUX | STARBUCKS CORP. | 104.55 | +1.54 | +1.50% |
Earnings before the market open will include Brown-Forman, Campbell Soup, United Natural Foods and Vita Coco.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| BF.B | BROWN-FORMAN CORP. | 67.03 | +1.19 | +1.80% |
| CPB | CAMPBELL SOUP CO. | 52.41 | -0.01 | -0.02% |
| UNFI | UNITED NATURAL FOODS INC. | 42.63 | +0.41 | +0.97% |
| COCO | VITA COCO CO. | 17.11 | 0.00 | 0.00% |
After the bell, the earnings of Fossil, Groupon, IDT and loanDepot will be included.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| FOSL | FOSSIL GROUP INC. | 4.57 | +0.12 | +2.70% |
| GRPN | GROUP INC. | 6.82 | +0.07 | +1.04% |
| IDT | IDT CORP | 30.64 | +0.22 | +0.72% |
| LDI. | n/a | n/a | n/a | n/a |
Wednesday’s economic data will include mortgage applications, ADP national employment, international trade, JOLTS job openings, EIA weekly stocks and the WASDE top report.
AMERICA’S LOW PARTICIPATION RATE ‘SOCIAL AND ECONOMIC TOWER,’ EXPERTS
Thursday, March 9
On Thursday, earnings include BJ’s Wholesale Club, Build-A-Bear Workshop, JD.com and Wheels Up Experience.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| BJ | BJS WHSL CLUB HLDGS INC | 73.96 | -0.18 | -0.24% |
| BBW | BEAR WORKSHOP CONSTRUCTION INC | 21.09 | +0.42 | +2.03% |
| JD | JD.COM INC. | 47.46 | +0.39 | +0.83% |
| UP | WHEELS UP EXPERIENCE INC | 1.13 | +0.01 | +0.89% |
After the bell, earnings will be released from American Outdoor Brands, Gap, Smith & Wesson Brands, Ulta Beauty and Vail Resorts.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| ABC | n/a | n/a | n/a | n/a |
| GPS | GAP INC. | 12.77 | -0.02 | -0.16% |
| SWBI | Smith & Wesson Brands | 11.11 | +0.36 | +3.35% |
| ULTRA | ULTA BEAUTY INC. | 522. 06 | +0.94 | +0.18% |
| MTN | VAIL RESORTS | 239.04 | +1.87 | +0.79% |
Thursday’s economic data will include Challenger layoffs and initial jobless claims.
Also on Thursday, Disney’s Bob Iger will participate in a Q&A at the Morgan Stanley Technology, Media and Telecommunications Conference.
Bob Iger (Charley Gallay/Getty Images for Disney/File/Getty Images)
Iger, who returned to replace Bob Chapek after a firestorm of PR blunders, is thought to be his successor. Charlie Gasparino of FOX Business reported last week that NBA Commissioner Adam Silver could be on the short list.
big;”>Disney.
BJ’s Wholesale Club will hold an investor day following the release of earnings to update strategy and long-term growth outlook.
| Ticker | Security | last | Change | Change % |
|---|---|---|---|---|
| BJ | BJS WHSL CLUB HLDGS INC | 73.96 | -0.18 | -0.24% |
Friday, March 10
Florida Gov. Ron DeSantis in Iowa for events in Des Moines and Davenport. At both events, Iowa Gov. Kim Reynolds interviews DeSantis.
Florida Gov. Ron DeSantis (James A. Jones Jr. / Bradenton Herald / Tribune News Service via Getty Images / File / Getty Images)
On Friday at noon, Apple will kick off its annual shareholder meeting where CEO Tim Cook and General Counsel Kate Adams will take the virtual stage to address select shareholder questions and provide some company updates.
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In Massachusetts, mobile sports betting will go live.
Economic data on Friday will include the February jobs report and the federal budget.
US employers are expected to have added 200,000 jobs last month, down from the strong 517,000 reported in January. The unemployment rate is expected to hold steady at 3.4%.
There is no note earning on Friday.
