BBWI - Q1 Earnings Season Winds Down With Mixed Results From Retailers And One Big AI Darling On Deck

2024-05-21 02:15:00 ET

Summary

• Q1 earnings season winds down with mixed retail results, but promising economic data.
• This week we’ll get results from AI darling, Nvidia.
• Outlier earnings dates for the remainder of earnings season: Kohl’s, Bath & Body Works.
• This week, 867 companies are expected to report earnings.

Economic Data Moving in the Right Direction

The above phrase was uttered countless times on Wall Street last week in response to the Consumer Price Index (CPI) and Retail Sales for April coming in worse-than-expected. The latest inflation reading showed that prices are finally starting to cool a bit, with CPI showing an increase of 0.3% MoM for April vs. expectations for a 0.4% increase and compared to the 0.4% uptick seen in March. ¹ ...

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