Looking ahead to next week, it will be a very busy week on Wall Street at the end of March. There will be plenty of new inflation data, consumer spending updates and employment data to unpack. More importantly, the core Personal Consumption Expenditure (PCE) price index will be released on Thursday, which is commonly referred to as the Federal Reserve’s Primary Inflation Indicator. Meanwhile, the weekly jobs data will be supplemented with information on nonfarm payrolls for March, as well as job departures and job openings for February.
There will also be quarterly reports from several companies to digest. This includes Walgreens Boots Alliance (WBA), BlackBerry (BB), Cal-Maine Foods (CALM), Chewy (CHWY), Dave & Busters Entertainment (PLAY), lululemon athletica (LULU), Lovesac (LOVE), Micron Technology (MU ), and HR (HR).
The good data trade is over today.
The following public companies are expected to report results today, March 28:
Science Applications International Corp. (NYSE: SAIC — $91.66) provides enterprise technical, engineering and information technology (IT) services primarily in the United States. Science Applications will report its results for the fourth quarter of 2021 before the opening today.
Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY — $43.34) owns and operates entertainment and dining venues for adults and families in North America. Dave & Buster’s will report its fourth quarter 2021 results after today’s close.
Looking ahead to tomorrow, things will pick up on Tuesday with the Case-Shiller National House Price Index, FHFA National House Price Index and Consumer Confidence Index on record. Offers of employment and resignations will also be due.
All economic dates shown here are tentative and subject to change.
7 defense stocks to buy as global tensions continue to rise
The United States may not be officially on a war footing. But since the Russian invasion of Ukraine, the Biden administration has pledged $350 million in military aid. And we are not the only ones. Our NATO allies are also committed to assisting Ukraine in its defence. And those commitments, along with those of the United States, are expected to increase if the conflict escalates.
This means now is the time for opportunistic investors to jump into defense stocks. These are stocks that support the military-industrial complex in the United States. Even in times of peace, the Department of Defense commands a significant portion of the federal government’s budget. It is therefore logical to assume that more money will be spent to help our defense as well as the defense of other countries.
This is an example of investing in the world that exists rather than the world you want. These seven companies should see a considerable increase in revenue. This will likely ripple through to earnings, causing the stock price to rise over time.
Here are seven defensive actions you should consider right now.
Check out “7 Defense Stocks to Buy as Global Tensions Continue to Rise”.