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Excerpt:
- After a mixed week of results, S&P 500 EPS growth for Q1 2023 falls slightly from last week, now set to come in at -2.5%.
- Potential earnings surprise this week: boohoo group.
- Retailers out in full force this week: HD, LOW, TGT, WMT, TJX, ROST, FTCH.
- Earnings season winds down, 1,244 companies expected to report this week.
Two key inflation readings came in below expectations last week just as the markets were readying themselves for a slew of retail earnings reports. On Wednesday, the Consumer Price Index showed a 4.9% increase for April on a YoY basis, below the 5% estimate, while the monthly increase of 0.4% was in-line with expectations.
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