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Market Domination Overtime co-hosts Julie Hyman and Josh Lipton preview the biggest stories investors should be paying attention to throughout next week, including earnings from Cisco Systems (CSCO), Walmart (WMT), and Alibaba (BABA), in addition to the latest inflation data in the form of April's Consumer Price Index (CPI) and Producer Price Index (PPI) readings.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Time now for to watch next week. We're to start off on the earnings front. Got a lot of big names reporting next week, including Cisco, CoreLogic and Walmart. Walmart's going to announce results for the first quarter on Thursday, and I'm expecting Walmart's same store sales to rise in Q1 driven by value seeking consumers and a strong Easter season.
Taking a look at the economy, monthly CPI, that's of course the consumer price index, coming out on Tuesday. Economists forecast both total and core CPI in April will tick up to 0.3% on a month over month basis.
And on the producer front, the producer price index, also coming out next week. That's on Thursday. Economists also anticipating both those numbers to increase to 0.3% in April after last month's decline. New inflation data coming after the Fed held interest rates steady earlier this week with Fed chair Jerome Powell saying that the risk of higher inflation have risen.
Finally, we'll be getting another read on the consumer on Friday with May's consumer sentiment. That number expected to rise to 53. That would mark the first increase since December.
