As inflation and interest rate expectations remain concerns for investors, economic data releases would be among the market movers. The Bureau of Labor Statistics is expected to release its May Consumer Price Index on Friday. The consumer price index could ease marginally month-over-month according to the current consensus economist forecasts.
The stock market this week has heard about some potential M&A action between Roku and Netflix. It would be a huge event for streaming stocks if the latter were to acquire the company. There is a lot of stock market news to keep up with today. There was a report of 6:51 a.m. The S&P 500 is trading higher by 0.61% and the futures are trading higher by 0.54%.
Apple has a strategy for in-house lending solutions.
Consumer tech giant Apple would make headlines again today. The company continues to bring huge announcements across its software offerings. Apple is making leaps on the financial front, with a slew of updates to itsiOS and MacBook divisions. Apple Pay Later (APL), a wholly owned subsidiary of Apple, will check user credit and extend short-term loans to users of APL. This announcement would shake up the industry a lot.
Apple’s latest move would put it in direct competition with companies such as Affirm andPayPal. Apple is planning to release new features along with its latest software. This would greatly expand Apple Pay. APL will allow Apple Pay users to pay for purchases in four equal payments. The company is working with Mastercard to enable its service. Goldman will remain the issuer of the Apple card. As such, investors are likely to keep buying AAPL stock.
The source is Trading View.
5 Chinese stocks for your watchlist are most active today.
A $450 million U.K. health management contract is being worked on.
In other news, Palantir seems to be working on expanding its operations. According to the Financial Times, the big data analytics firm is bringing on senior National Health Service officials. This could be a part of the company’s plans to win a $450 million contract to manage the U.K.’s health care data. This would involve the medical data of millions of patients in the U.K.
The five-year $450 million health care contract is likely to continue to be bid on by Palantir. The management of the FDP will be the subject of this. The FDP connects and integrates patient data across the national health care system. This feature allows health care officials to make real-time decisions. An update on this will likely be given later this year. At the opening bell later today, PLTR stock could be in the spotlight.
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There are 4 Cyclical Stocks to watch today.
What To Know Beyond The Microsoft Deal Expansion is a preview of the earnings of Docusign.
Today’s earnings could be worth checking out, as well as DocuSign. As it is set to report its latest earnings after the closing bell, this could be the case. The figures on Wall Street show earnings of $0.46 per share on revenue of $581.85 million. It would add up to gains of 4.5% and 24% if it were the case. On the whole, investors will be interested to see how this tech darling did in the quarter. In its most recent quarterly update last month, the likes of Zoom did post a sizable earnings beat.
DOCU stock appears to be on a roll. Over the past month, the company’s shares have increased in value. The company’s work with Microsoft is one of the latest catalysts for growth. They revealed yesterday that they would be expanding their partnership. Users of Microsoft’s enterprise solutions now have access to more of the offerings of DocuSign. This includes new integrations with the cloud. I can see DOCU stock gaining attention in the stock market.
The source is Trading View.
There are 4 Semiconductor stocks to watch in the stock market today.
Stock market earnings today will be watched.
Here are the other companies that are reporting earnings today. FuelCell Energy, Bilibili, and Signet Jewelers will be on the market. Nio, a leading electric vehicle (EV) firm, will be reporting its latest figures during that time. Nio is a name that could be worth mentioning in the market now that the China lockdowns have ended. There are many other firms to look out for after the closing bell. Rent The Runway, Stitch Fix, and Vail Resorts are among the firms mentioned. There are a lot of factors to consider in the stock market today.
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