This Week’s Great Offer Stock Reviews Include Kroger, Intuit, Danaher, and Others.
Sep 04, 2023
The stock and bond markets in the United States will be closed on Monday during Labor Day. Following the holiday weekend, investors will face a hectic week of company earnings releases, great offer stock reviews, analyst meetings, and the latest U.S. economic data.
Zscaler and Gitlab will report on Tuesday, with Kroger (KR) following on Friday. Danaher (DHR), Intuit (INTU), and First Solar (FSLR) are among the companies conducting investor days this week.
That Also to Expect:
As the week’s economic data highlight, the Institute for Supply Management’s Services Purchasing Managers’ Index for August will be released on Wednesday. This is predicted to be nearly equal to July’s reading and to continue in expansionary territory. On Wednesday, the Federal Reserve will also release its beige book assessment on current economic conditions in the United States.
Other data releases this week include the Labor Department’s initial unemployment claims on Thursday and the Federal Reserve’s household net worth numbers on Friday.
On Monday, September 4, the equity and fixed-income markets will be closed in celebration of Labor Day.
Zscaler and Gitlab report earnings on Tuesday, September 5. It is an excellent occasion to read great offer stock reviews.
On September 6, Danaher will host an investor day to talk about Veralto, the company that was spun out from its environmental and applied solutions division. Owners will get one share in Veralto for every three Danaher shares they own after the spinoff is complete, which Danaher expects to happen on September 30.
To showcase how the firm is utilising generative AI in its platform and products, Intuit hosts an Innovation Day.
What Also to Expect
The Bank of Canada releases its statement on monetary policy. The expectation is that the central bank will keep its benchmark interest rate at 5%. The BOC has increased interest rates by a total of 4.75 percentage points since March of last year.
The August Services Purchasing Managers’ Index was made public by the Institute for Supply Management. The figure of 52.4 predicted by the consensus estimate is about in line with the July data. Only one reading of the Services PMI (PMI) has fallen below the expansionary level of 50 during the past three years, showing that the services sector continues to outperform the manufacturing sector.
The sixth of the Federal Reserve’s eight beige books will be released this year. The report gathers anecdotal data on the state of the economy from the 12 regional offices of the Federal Reserve Banks.
On Thursday, September 7, Fastenal will release its August sales numbers. In addition to the first, Solar hosts an analyst day.
The first wave of unemployment claims for the week ending September 2 has been released by the Labor Department. In August, claims averaged 237,500, and they had been increasing throughout most of the year. The job market’s cooling from previously soaring heights has confirmed predictions that the Federal Open Market Committee would not raise the federal funds rate at its September meeting and may be done rising for this cycle. This is demonstrated by this week’s JOLTS data and employment report.
Kroger will have a conference call on Friday, September 8 to go over the results of the second quarter of 2023.
The Second Quarter Financial Accounts of the United States, which are published by the Federal Reserve, include data on total household net worth. Total household net worth stood at $148.8 trillion at the end of the first quarter, which was less than the record-breaking $152.5 trillion first quarter of 2022.