The upcoming week in the stock market is set to be a rollercoaster ride with major events on the horizon. The Federal Reserve is expected to maintain interest rates at its March 20 meeting, following recent U.S. inflation reports that have reduced expectations for a rate cut by June. Investors will be closely watching for any indications of upcoming monetary policy directions from Fed Chair Jerome Powell.
On March 21, Nike and FedEx are set to report their Q3 earnings. Nike is facing challenges, leading analysts to lower EPS forecasts. Issues such as excess inventory in North America, economic instability in China and Europe, and increased competition from Adidas are putting pressure on the company. On the other hand, FedEx’s Fair Value analysis suggests a potential upside, despite anticipated softness in B2B activities and other challenges.
In a surprising turn of events, the U.S. House of Representatives passed a bill requiring ByteDance, the Chinese owner of TikTok, to sell the platform within six months or face a ban in the United States. The bill now moves to the Senate, where its future is uncertain. TikTok’s CEO has stated that the company will pursue legal action if necessary.
Stay informed and ahead of the game by subscribing to InvestingPro for under $9 a month. With comprehensive analysis of undervalued stocks and market trends, you’ll never miss another bull market again. Don’t forget to use the codes OAPRO1 and OAPRO2 for an extra 10% off our annual and 2-year Pro plans. Remember, investing comes with risks, so always do your research before making any decisions.
