00:03 Speaker A
Think about what you’ll be watching the week of June 1st. A busy week for investors with new clues on the labor market, consumer health and AI deals.
00:15 Speaker A
First, in May’s jobs report, economists expect the U.S. economy to add 93,000 jobs. This is down from April’s report, but the unemployment rate remains steady at 4.3% and average hourly wages are up slightly month-over-month.
00:33 Speaker A
We receive a ton of earnings reports throughout the week from companies like Hewlett Packard Enterprise, Ulta Beauty, Crowdstrike, and Macy’s.
00:43 Speaker A
Discount retailer Dollar General announced its financial results on Tuesday. Analysts expect mid-single-digit sales growth due to new store openings and improving customer traffic trends.
00:54 Speaker A
Turning to technology, Broadcom will report its quarterly results on Wednesday. The AI chip and networking giant expects quarterly revenue to be around $22 billion as demand related to AI infrastructure remains strong.
01:10 Speaker A
And finally, on Thursday, Lululemon will report its results. And I expected modest revenue growth from this athleisure company. Investors will be looking for signs that innovation is helping regain momentum in North America, as well as clues in the company’s strategy ahead of a CEO change later this year.
