Walmart Earnings, FOMC Meeting Minutes In Focus Next Week

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Wall Street’s major market averages observed limited movements on Friday as traders digested the latest round of key retail inflation data. On the economic front, the January Consumer Price Index came in at +0.2% M/M versus the +0.3% consensus and +0.3% prior readings. At the same time, core CPI (excludes food and energy) arrived at +0.3% M/M versus the +0.3% consensus and +0.2% prior level.

The economic calendar is lighter next week as markets remain closed on Monday for Washington’s Birthday. The majority of the important economic data is concentrated in the latter half of the holiday-shortened week, with the FOMC’s minutes of the meeting and initial jobless claims releasing on Thursday. Preliminary GDP numbers, along with February PMI data and new home sales data for December, are due on Friday.

Alibaba (BABA), Walmart (WMT), Palo Alto Networks (PANW), and Warner Bros. Discovery (WBD) are among the companies reporting in the coming week.

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Earnings spotlight: Tuesday: Palo Alto Networks, Medtronic (MDT). See the full earnings calendar.

Earnings spotlight: Wednesday: DoorDash, Occidental (OXY). See the full earnings calendar.

Earnings spotlight: Thursday: Walmart. See the full earnings calendar.

Volatility watch: (BMNR) and (SNDK) are set up for a volatile week of trading based on options volume. The most overbought stocks per their 14-day relative strength index include TechCreate Group (TCGL), Peakstone Realty Trust (PKST), and Ball (BALL). The most oversold stocks per their 14-day Relative Strength Index include Verisk (VRSK), Doximity (DOCS), and CS Disco (LAW).

IPO watch: AGI (AGBK), Arko Petroleum (