The whole gaggle of Federal Reserve officials, including Chair Jerome Powell and Vice Chair for Supervision Michael Barr, will be releasing commentary next week following the central bank's move to cut interest rates by 50 basis points this past Wednesday. August's Personal Consumption Expenditures (PCE) index — the Fed's preferred inflation gauge — is due out next Friday, September 27. Costco Wholesale (COST), Micron Technology (MU), and Accenture (ACN) are among the companies reporting quarterly earnings results throughout the week. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Costco stock continues to hold near high amid expectations for another strong quarter. KB Home is also on the earnings calendar.
Lennar (LEN) delivered earnings and revenue surprises of 7.73% and 1.35%, respectively, for the quarter ended August 2024. Do the numbers hold clues to what lies ahead for the stock?