Here are the 3 big things we're watching in the stock market in the week ahead
The S & P 500 kept its record run alive last week, boosted by a strong batch of earnings reports that showed the artificial intelligence spending boom isn't slowing down. Even more earnings are on the way in the coming...
$4,200-$4,600 — Gold (GC) Where to settle in June?
An important development from the financial markets: The S & P 500 kept its record run alive last week, boosted by a strong batch of earnings reports that showed the artificial intelligence spending boom isn't slowing down. Even more earnings are on the way in the coming week. Plus, the jobs market will be under the microscope.
The market's blistering rally in recent weeks has occurred despite continued disruptions to global energy supplies in the Middle East. Enthusiasm for the AI trade and signs of a resilient U. economy have triumphed over worries about elevated oil prices.
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This tension remains something to keep an eye on. But at the moment, the bulls are in control. Now, let's get into the three biggest things on our radar this week.
Earnings: A trio of Club names are set to deliver quarterly results this week. All revenue and EPS estimates are courtesy of data provider LSEG. Electrical equipment supplier Eaton reports on Tuesday morning.
The main theme of this report is the AI buildout and the resulting order growth for Eaton. In the fourth quarter, Eaton saw a roughly 200% increase in data center orders within its Electrical Americas segment, its largest. Where will that figure be this time around?
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Eaton makes a bunch of products used in data centers that collectively feed the power-hungry server racks with consistent and reliable electricity. That's no longer all. Thanks to a wise acquisition of Boyd Thermal, which closed in March, Eaton is now in the liquid cooling business.
This moves them even closer to the AI chips — obviously a lucrative place to be these days. We expect to hear more about Boyd on the earnings call. Eaton's order backlog will be another focus.
6 billion at the end of 2025. With Eaton ramping up manufacturing capacity, earnings this year are expected to be stronger in the second half of the year. 74 DuPont also reports Tuesday morning, and one of our biggest focuses will be on the performance of its Healthcare & Water Technologies segment, the company's most exciting since spinning off its electronics business last fall into the standalone Qnity .
Financial markets are tracking the development closely as investors assess the likely impact.
