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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The highlight of this week will be most certainly be the May unemployment report, as the Bureau of Labor Statistics is expected to report another decrease of 8 million nonfarm payrolls after April's record decline of 20.5 million. But several notable companies will also be releasing their earnings reports and discussing their strategies for the post-COVID-19 era.
Monday
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Regeneron Pharmaceuticals Inc (NASDAQ:REGN) is having a conference call today to discuss its portfolio of cancer drugs in clinical trials.
Tuesday
Earnings will be reported by CrowdStrike Holdings Inc (NASDAQ:CRWD), Dick's Sporting Goods Inc (NYSE:DKS) and Zoom Video Communications (NASDAQ:ZOOM). Expectations could hardly be higher for the digital communication specialist, for which interest has soared causing key engagement figures to skyrocket to record levels. Much of that optimism is already reflected in its stock price that has more than doubled since the start of the year.
Another video tech specialist Ambarella (NASDAQ:AMBA) will report its earnings along with answering some big questions as it competes in quite attractive industry niches such as AI. Until now, its operating results haven't yet demonstrated a defensible market position as sales declined in two of the last four quarters with falling gross profit.
Wednesday
Campbell Soup (NYSE:CPB) reports quarterly results. Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), Biogen Inc (NASDAQ:BIIB), Comcast Corporation (NASDAQ:CMCSA), Hess Corporation (NYSE:HES) and Walmart Inc (NYSE:WMT) will also hold their annual shareholder meetings with Autodesk Inc (NASDAQ:ADSK) hosting an investor day.
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Thursday
Broadcom Inc (NASDAQ:AVGO), The Gap Inc (NYSE:GPS), The J.M. Smucker Company (NYSE:SJM) and Slack Technologies (NYSE:WORK) scheduled conference calls to discuss earnings. Slack most likely thrived when businesses moved to home offices, and some analysts are forecasting 40% sales growth this quarter with revenue expected to reach as much as $190 million. But the market still expects for the enterprise communication software to post a net loss. That is the cost of prioritizing market share in its battle against well-capitalized rivals, one such being Microsoft Corporation (NASDAQ:MSFT). Its performance during the lockdown could offer good clues for the most likely 5-year-ahead scenario.
Booking Holdings Inc (NASDAQ:BKNG) and T-Mobile US Inc (NASDAQ:TMUS) will hold their annual shareholder meetings. Charles Schwab (NYSE:SCHW) and TD Ameritrade Holding Corporation (NASDAQ:AMTD) will be hosting special shareholder meetings. The purpose is to seek approval for the $26 billion acquisition that Schwab proposed in November.
Friday
The Bureau of Labor Statistics will release the dreaded statistics for May. The unemployment rate is expected to have risen 19.5%. in May from April's 14.7%.
We know that the economic recovery will be slow. But, as we go through yet another week, we are getting closer to leaving COVID-19 behind us. This week will be no exception as we will learn how bad things were in May and what we can hopefully look forward to as the world slowly returns to a new normal.
This article is not a press release and is contributed by Ivana Popovic who is a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . Ivana Popovic does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com Questions about this release can be send to ivana@iamnewswire.com
The post The First Week of June Is All About the May's Jobs Report appeared first on IAM Newswire.
Photo by Sean Pollock on Unsplash
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.