On Friday, the Nasdaq looked on pace to close a strong week on a quiet note, with the index hovering near the unchanged level as of 1 p.m.
We’re almost halfway through 2021, and investors are trying to get a read on how the second half of the year will go.
Bed Bath & Beyond will report its fiscal first-quarter results on Wednesday morning, June 30.
Yet activist investors stepped in and aimed to concentrate on the company’s most lucrative business opportunities, and now, some shareholders are optimistic about Bed Bath & Beyond’s ability to cash in on the reopening economy.
Investors have high hopes for the coming report, expecting Bed Bath & Beyond to return to profitability and produce impressive revenue growth of around 35%.
Chipmaker Micron Technology weighs in with its fiscal third-quarter report on Wednesday afternoon.
Most of those following the stock expect earnings to double year over year, with revenue climbing at a faster than 35% pace.
In the past, upward cycles in the chip market ended because companies like Micron boost production too far, creating gluts of chips and sending prices plunging.
Lastly, Walgreen Boots Alliance will offer its latest look at earnings on Thursday, July 1.
News that’s close to what investors expect likely won’t make a big difference for any of these three stocks or the stock market more broadly.