The Week Ahead on Wall Street

The Week Ahead on Wall Street

Economic Data

Today, no major economic data is scheduled for release.

Tomorrow, be on the lookout for April’s foreign trade balance, which is the net difference between the value of the nation’s imports and exports. In March the trade deficit increased by 22.3% to $109.8 billion. It marked the first time the number exceeded $100 billion. Also due is April’s consumer credit, after the number soared by $52 billion in March, exceeding expectations. Revolving debt, such as credit cards, surged 21.4% higher.

Wednesday, the Mortgage Bankers Association will release its weekly mortgage applications and the average rate on a 30-year fixed loan. Last week mortgage applications declined by 2.3% to hit a new four-year low. The number has been decreasing as interest rates have risen. Keep an eye out for April’s revised wholesale inventories as well.

Thursday, initial and existing jobless claims will be published. Last week the number of people filing for unemployment benefits declined by 200,000 and hit its lowest level since 1969.

Friday, inflation comes back into focus as the May CPI is due on a monthly and year-over-year basis. In April, the index showed prices increasing 8.3% from the same time period in 2021. That’s near a 40-year high. Core CPI, which strips out volatile fuel and food costs, will be released as well. May’s federal budget balance is also due.


Today NGL Energy Partners (NGL) will report its fiscal fourth-quarter earnings data. The company provides services to oil companies including transportation, storage, and blending. During its most recent earnings call NGL fell short of earnings per share expectations but beat on revenue.

Tomorrow, restaurant company Dave & Busters (PLAY) hands in its latest report card. After struggling during the pandemic, Dave & Busters has been posting significant year-over-year increases in visits, as Americans are now looking for places to socialize.

Wednesday, Thor Industries (THO) will post its most recent earnings data. The American manufacturer of recreational vehicles has seen its share price fall by upwards of 50% since its 2018 high water mark. It’s been a struggle for the RV industry, which tends to follow broader economic trends.

Thursday, Chinese EV company Nio (NIO) will publish its latest results. Last week Nio reported May’s vehicle deliveries were delayed by COVID-19 lockdowns. The company has missed on profit but beat on sales during its two most recent earnings calls. That same day Docusign (DOCU) will report earnings. The company helps firms manage electronic agreements. Last week Docusign hired a former Workday (WDAY) executive as its top lawyer.

The Week Ahead at SoFi

This week, explore what’s involved in launching your own business, plus NYC members can meet up in Brooklyn for a live event. Also check out this week’s Your Next Dollar livestream. Save your seat in the SoFi app!


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James Flippin ABOUT James Flippin James Flippin is the son of a financial advisor who grew up hearing and learning about bond yields, interest rates, the stock market, and the ins and outs of Wall Street. After stints as a licensing and business broker for Marcus and Millichap in New York City, James moved into broadcasting and became a reporter and anchor. He covered crime, politics, finance, and tech at NBC News Radio while working part-time as a producer for SiriusXM. James graduated from the University of Delaware with a bachelor’s degree in political science and economics. He's also an accomplished podcaster with over 10-years of experience.

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