NVO - Earnings Season Heats Up Spotting 2 Unusual Reporting Dates In The Consumer Space
2024-04-17 03:10:00 ET
Summary
- March CPI data was not what the bulls wanted to see, just as concerns about household spending emerge.
- This week, we profile a pair of domestic consumer companies, one from the Staples sector and one from Discretionary, with off-trend Q1 reporting dates.
- Both firms hold shareholder meetings next month, which could also bring about stock price volatility.
Q1 earnings season is in full swing. We've already seen mixed results from major companies in the Financials sector, and concerns have been on the rise regarding macro conditions elsewhere. Not only was the March CPI report on the hot side, but the Philadelphia Fed reported last week that US credit-card delinquency rates rose to a new high in Q4 2023. 1 The good news is that wages are keeping up with the higher cost of living....
Earnings Season Heats Up, Spotting 2 Unusual Reporting Dates In The Consumer Space