The week of June 1 brings a packed schedule for investors, with fresh labor market data, major earnings reports, and key updates from the AI sector all on deck.
Economists forecast the US economy added 93,000 jobs in May, a figure that would mark a decline from the prior April reading.
The unemployment rate is expected to hold steady at 4.3%, while average hourly wages are projected to tick up slightly on a month-over-month basis.
Hewlett Packard Enterprise (NASDAQ: HPE), Ulta Beauty (NASDAQ: ULTA), Crowdstrike (NASDAQ: CRWD), and Macy’s are among the companies set to report quarterly results during the week.
Discount retailer Dollar General (NYSE: DG) is scheduled to announce results on Tuesday, with analysts expecting sales growth in the mid-single digits.
Analysts attribute that anticipated growth at Dollar General to new store openings and improving traffic trends across its retail footprint.
Broadcom (NASDAQ: AVGO) is set to report quarterly earnings on Wednesday, with the AI chip and networking giant expected to post roughly $22 billion in quarterly revenue.
Strong demand tied to AI infrastructure is seen as the primary driver behind Broadcom’s anticipated revenue performance for the quarter.
Lululemon (NASDAQ: LULU) rounds out the major earnings calendar with its results due Thursday, with analysts expecting modest revenue growth from the athleisure company.
Investors watching Lululemon’s report will be focused on signs that innovation is helping revive momentum in North America, along with any guidance related to the company’s upcoming CEO transition later this year.
