Today’s Stock Market News & Events: 5/31/2022

There is plenty of economic data on deck during this holiday-shortened trading week, with investors eyeing inflation data. Earnings season has officially wound down, though there are still a handful of notable reports to come. Specifically, Capri Holdings (CPRI), Chewy (CHWY), CrowdStrike (CRWD), GameStop (GME), Hewlett Packard Enterprise (HPE), HP (HPQ), Lululemon Athletica (LULU), Salesforce.com (CRM), Trip.com (TCOM), and Victoria’s Secret ( VSCO) are a few of the companies announcing their quarterly results.

The market was closed for Memorial Day on Monday, May 30. Today will bring the S & P Case-Shiller national home price index, the Chicago purchasing managers’ index (PMI), and the consumer confidence index.

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The following public companies are slated to release corporate earnings today, May 31:

KE Holdings Inc. (NYSE: BEKE-$ 11.49) KE Holdings will report its Q1 earnings of 2022 before the bell today. Engages in operating an integrated online and offline platform for housing transactions and services in the People’s Republic of China.

Ambarella Inc. (NASDAQ: AMBA-$ 88.10) Ambarella will report its Q2 earnings of 2022 after the close today. Ambarella will report its Q2 earnings of 2022 after the close today.

CAE Inc. (NYSE: CAE-$ 24.95) CAE will report its Q2 earnings of 2022 after the close today. CAE will report its Q2 earnings of 2022 after the close today. ..

Digital Turbine Inc. (NASDAQ: APPS-$ 26.66) Digital Turbine will report its Q2 earnings of 2022 after the close today. Provides media and mobile communication products and solutions for mobile operators, application advertisers, publishers, device original equipment manufacturers (OEMs), and other third parties.

HP Inc. (NYSE: HPQ-$ 38.75) HP will report its Q2 earnings of 2022 after the close today. HP will report its Q2 earnings of 2022 after the close today. HP will report its Q2 earnings of 2022 after the close today.

Salesforce Inc. (NYSE: CRM-$ 165.10) Salesforce will report its Q2 earnings of 2022 after the close today.

Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH-$ 9.59) sportsman’s Warehouse will report its Q2 earnings of 2022 after the close today.

Victoria’s Secret & Co. (NYSE: VSCO-$ 42.67) Victoria’s Secret will report its Q2 earnings of 2022 after the close today. Operations as a specialty retailer of women’s intimate, personal care, and beauty products worldwide.

Looking ahead to tomorrow, the S & P Global US manufacturing PMI is due out, along with the Institute for Supply Management (ISM) manufacturing index, job openings data, construction spending data, motor vehicles sales, and the Federal Reserve’s Beige Book.

All economic dates listed here are tentative and subject to change.

7 Defense Stocks to Buy as Global Tensions Continue to Grow

But since the Russian invasion of Ukraine, the Biden administration is pledging $ 350 million in military aid. And we’re not the only ones. Our NATO allies are also making commitments to help Ukraine. in its defense. And those commitments, along with that of the United States is likely to increase if the conflict escalates.

That means this is the time for opportunistic investors to pounce on defense stocks. These are stocks that support the military industrial complex in the United States. Even in peace time, the defense department commands a significant portion of the federal government’s budget. So it’s logical. to presume that more money will be spent to assist in 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 may want. These seven companies stand to see a sizable increase in revenue. This is likely to spill over into earnings which in turn will lead to a higher stock price over time.

Here are seven defense stocks that you should be considering right now.

View the “7 Defense Stocks to Buy as Global Tensions Continue to Grow”.

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