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Deere, AutoNation, AMC Networks: 3 things to watch By
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IntroductionBy Liz Moyer-- Stocks fell on Thursday after hotter-than-expected in January reignited fears about ...
By Liz Moyer
-- Stocks fell on Is it illegal to get people to do forexThursday after hotter-than-expected in January reignited fears about interest rates.
The Federal Reserve is widely to raise interest rates by another quarter of a percentage point when it meets next month. The data coming in stronger-than-expected for both producer prices and initial jobless claims (which were down for last week) make the case for the Fed continuing to raise rates to cool the economy.
That's not necessarily welcome news for growth stock investors, who had been hoping to see the Fed nearing the end to its . Now, the expectation is building that the Fed will raise at least another time in May if not during the summer, pushing the benchmark rate above 5%.
How long the Fed will leave rates high is also a question on the minds of investors.
The next batch of major corporate earnings will include major retailers, which are expected to give investors insights into the strength of the American consumer and shifting spending habits.
Here are three things that could affect markets tomorrow:
1. Deere earnings
Agricultural equipment maker Deere & Company (NYSE:) is expected to report earnings of $5.53 a share on revenue of $11.4 billion, and investors will be listening to what it says about purchase orders and the near term outlook on costs.
2. AutoNation earnings
AutoNation Inc (NYSE:) is expected to report earnings of $5.82 a share on revenue of $6.53B, and analysts will be listening to what it says about demand after the pandemic boom in used car sales evaporates.
3. AMC Networks
AMC Networks Inc (NASDAQ:) is expected to report earnings of $1.05 a share on revenue of $933.7 million.
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