What to Expect in Markets this Week: A Slew of Retailers Report Earnings-Along with Dell and Other AI Players
Yahoo Finance • • business
Key Points:
- Investors face a short week with numerous retailer earnings reports due, including Dollar Tree, Burlington Stores, Gap, and American Eagle Outfitters, which may reveal consumer responses to inflation, high gas prices, and a stagnant job market.
- Recent mixed signals from major retailers like Walmart and Target have left investors seeking clearer trends, while apparel companies such as VF Corp. and Ralph Lauren have reported stronger results, boosting their shares.
- Consumer spending has remained resilient despite economic pessimism, with the upcoming Consumer Confidence Index update on Tuesday expected to provide fresh insights into consumer sentiment.
- The week will also highlight developments in the AI sector following Nvidia’s strong results, with Dell Technologies, Synopsys, and Marvell Technology set to report earnings amid continued robust demand.
- Key earnings releases and events this week include Best Buy, Marvell Technology, Synopsys, Salesforce, Dollar Tree, Burlington Stores, Dell Technologies, Gap, and American Eagle Outfitters, alongside a stock market closure on Monday for Memorial Day.