Breaking News
0
有香港版
您更倾向于浏览Investing.com的中文版吗?

Day Ahead: Top 3 Things to Watch for Feb. 28

Stock MarketsFeb 27, 2020 08:07PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Kim Khan

Investing.com - The market is reeling from the coronavirus headlines and that is expected to continue tomorrow.

Along with that, there will be consumer data, retail earnings and reaction from Thursday’s postmarket movers.

Here are three things that could move markets tomorrow.

1. Personal Income, Spending Seen Rising

Consumer data arrives from Commerce Department at 8:30 AM ET (13:50 GMT) tomorrow.

January personal spending is expected to have risen 0.3%, according to economists’ forecasts compiled by Investing.com. Personal income is expected to have risen 0.3% as well.

Core personal consumption expenditures (PCE), which exclude food and energy, are forecast to have risen 0.2% in January to an annual rate of 1.7%. That’s the Fed’s preferred inflation gauge.

2. Foot Locker (NYSE:FL) at the Starting Line

As earnings season winds down, athleticwear retailer Foot Locker (NYSE:FL) will report quarterly results.

Analysts expect that Foot Locker (NYSE:FL) will report a profit of $1.59 per share and sales of $2.25 billion, according to forecasts compiled by Investing.com.

Last month, Telsey Advisory Group downgraded the stock to market perform from outperform, also lowering the price target to $42 per share from $50.

“While the stock trades at a low P/E multiple of 7.3x 2020 consensus EPS -- a discount to the average of 9.1x in the past year -- it lacks a near-term catalyst to drive the shares materially higher,” the research firm said.

3. Beyond Meat (NASDAQ:BYND) Fails to Meet Expectations

While eyes will be on the overall futures, individual stocks look shaky in postmarket trading.

Beyond Meat (NASDAQ:BYND), up 40% so far this year, plunged after reporting an unexpected loss after the bell.

Beyond Meat (NASDAQ:BYND) reported a fourth-quarter loss of $0.01 per share, missing expectations for earnings of $0.01 per share, while revenue of $98.5 million topped Wall Street estimates for $81.5 million.

Shares fell 9% in postmarket trading.

And retailer Big Lots (NYSE:BIG) dived 29% after missing results on the top and bottom lines and delivering weak guidance.

Day Ahead: Top 3 Things to Watch for Feb. 28
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
GMan Arizona
GManArizona Feb 28, 2020 1:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Nothing new, we had a Great Depression before and it is time for another one.  With our Government (Federal Reserve) so screwed up and the greedy people on Wall Street it is time for a depression to put this country back in shape...  and there is a good chance Sanders will be your next President, but by then it won't matter, homeless rate will double and there will be unemployment numbers you have never seen before.  So all those people that wanted $15.00 an hour, good luck, you will be making zero real soon.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email
We have a special offer for you