Today’s stock market news and events: 05/31/2022

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Expected gains from HP, Salesforce, Trip.com and Victoria’s Secret

There’s plenty of economic data on deck in this holiday-shortened trading week, with investors eyeing inflation data. Earnings season is officially over, although there are still a handful of notable reports to come. Specifically, Capri Holdings (CPRI), Chewy (CHWY), CrowdStrike (CRWD), GameStop (GME), Hewlett Packard Enterprise (HPE), HP (HPQ), Lululemon Athletica (LULU), Salesforce.com (CRM), Trip . com (TCOM) and Victoria’s Secret (VSCO) are some of the companies announcing their quarterly results.

The market was closed for Memorial Day on Monday, May 30. Today will bring the S&P Case-Shiller National Home Price Index, the Chicago Purchasing Managers Index (PMI) and the Consumer Confidence Index.

The following public companies are expected to report results today, May 31:

KE Holdings Inc. (NYSE: BEKE — $11.49) engages in the operation of an integrated online and offline platform for housing transactions and services in the People’s Republic of China. KE Holdings will release its first quarter 2022 results before the bell today.

Ambarella Inc. (NASDAQ: AMBA — $88.10) develops video semiconductor solutions that enable high definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide. Ambarella will release its second quarter 2022 results after today’s close.

CAE Inc. (NYSE: CAE — $24.95) designs, manufactures and supplies simulation equipment and training solutions to the defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers and to health education and service providers worldwide. CAE will release its second quarter 2022 results after today’s close.

Digital Turbine Inc. (NASDAQ: APPS — $26.66) provides multimedia and mobile communication products and solutions to mobile operators, application advertisers, publishers, original equipment manufacturers (OEMs) and other third parties. Digital Turbine will report its second quarter 2022 results after today’s close.

HP Inc. (NYSE: HPQ — $38.75) provides personal computers and other access devices, imaging and printing products, and related technologies, solutions and services in the United States and around the world. HP will release its second quarter 2022 results after today’s close.

Salesforce Inc. (NYSE: CRM — $165.10) provides customer relationship management technology that brings businesses and customers together around the world. Salesforce will report its second quarter 2022 results after today’s close.

Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH — $9.59) is an outdoor sporting goods retailer in the United States. Sportsman’s Warehouse will release its second quarter 2022 results after today’s close.

Victoria’s Secret & Co. (NYSE: VSCO — $42.67) is a specialty retailer of intimate, personal care and beauty products for women worldwide. Victoria’s Secret will release its second quarter 2022 results after today’s close.

Looking ahead to tomorrow, the US S&P Global manufacturing PMI is due out, along with the Institute for Supply Management (ISM) manufacturing index, job vacancies data, construction spending data, motor vehicle sales and the Federal Reserve’s beige book.

All economic dates shown here are tentative and subject to change.

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