3 Things to Watch in the Stock Market This Week
Stocks fell hard last week as investors reconsidered the optimism behind the recent rally. Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 index (SNPINDEX: ^GSPC) shed over 5% after indexes had briefly returned to positive territory for the year. The S&P 500 now sits at a 6% decline so far in 2020, with the Dow down 11%.
A few big-name stocks will announce earnings results over the next few trading days, including Kroger (NYSE: KR), Oracle (NYSE: ORCL), and CarMax (NYSE: KMX). Below we'll take a look at the numbers that might send their stocks moving this week.
By announcing booming pandemic-related demand for home supplies, peers like Walmart (NYSE: WMT) and Target (NYSE: TGT) have helped raise expectations for Kroger's earnings report on Thursday. Most investors who follow the stock are predicting sales gains that are closer to 8% than the 2% that the supermarket chain has been reporting in recent quarters.
Source Fool.com
