Stocks jumped last week, despite news that the U.S. economy has now contracted for two consecutive quarters. Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained over 3% on hopes that corporate earnings will see a soft landing in the second half of 2022 after soaring for most of the past two years.
Hundreds of companies will update investors on their 2022 outlooks in week ahead, and collectively these announcements will answer many questions investors have about consumer spending and broader economic growth trends. Let's take a closer look at three of these reports, from Electronic Arts (NASDAQ: EA) , Molson Coors (NYSE: TAP) , and eBay (NASDAQ: EBAY) .
Investors have some big questions heading into the fiscal first-quarter earnings report from Electronic Arts on Tuesday. The video game giant's last update contained lots of good news. Net bookings grew at an 18% rate, or about as fast as they had grown in earlier phases of the pandemic. EA's steady drumbeat of new content releases in hit franchises like Apex Legends and EA Sports helped keep audience size growing through early 2022.
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3 Things to Watch in the Stock market This Week