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Stocks To Watch: Economic Releases Headline First Week of 2024

Stocks To Watch: Economic Releases Headline First Week of 2024

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The new year will kick off with a slew of economic releases designed to test the market’s nine-week winning streak. During a holiday-shortened week, investors will get an update on construction spending, manufacturing PMI numbers, the release of minutes from the latest Fed meeting and the December jobs report will fall into their tricks. The nonfarm payrolls report is expected to show the U.S. economy added 155,000 jobs in December, while the unemployment rate is expected to increase slightly to 3.8%. The average hourly wage is expected to fall at a monthly rate of +0.3%. The first big companies to report their results in 2024 will be Walgreens Boots Alliance (WBA), Constellation Brands (STZ) and Cal-Maine Foods (NASDAQ:CALM). You’re here (NASDAQ:TSLA) will disclose fourth-quarter deliveries in a report that could shock the electric vehicle sector.

Spotlight on results: Wednesday January 3 -UniFirst (FNU), Cal-Maine Foods (CALM) and Simulations Plus (Speech Therapist).

Spotlight on results: Thursday January 4 – Conagra brands (CAG), Weston Lamb (L.W.), Walgreens Boots Alliance (WBA), Simply good food (SMPL), and Lindsay (LNN).

Spotlight on results: Friday January 5 – Constellation Brands (STZ) and Greenbrier (GBX).

Volatility monitoring: Options trading volume is high again on Spirit Airlines (TO SAFEGUARD) as traders await the outcome of the Justice Department’s lawsuit over blocking the JetBlue Airways merger (BLUE). Sirius XM Holdings (SIRI) and big

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