ByJJ Kinahan,
Senior Contributor.
Key Takeaways
It was a mixed week for markets with the S&P 500 clinging to a 0.1% gain and the Nasdaq Composite falling 0.5%. As I mentioned last week, there are three main themes dominating the market at the moment: earnings, interest rates and Artificial Intelligence (AI). All three of those will be in the spotlight this week and it could be a volatile week.
Beginning with earnings, investors can expect a host of data points that will broadly offer a sense of the economy. Starting with Home Depot, who will report tomorrow before the open, This is a company which I feel gives good insight into the housing market and overall consumer confidence. Analysts are expecting earnings of $3.84 per share. Then on Wednesday, things could really heat up. Target will report before the open. I'm much less interested in their earnings last quarter than I am in their comments about the holiday season. The same holds true for Walmart, when they report on Thursday. But the big report this week will come Wednesday after the close.
