Investing Updates: What to Expect in the Week Ahead (Earnings from Micron, Costco; Powell Speech and Inflation Data)

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https://www.moomoo.com/news/post/58757316/what-to-expect-in-the-week-ahead-earnings-from-micron?level=1&data_ticket=1758502671892302

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As earnings season winds down, a few high-profile companies and key economic data points will dominate the week ahead.

Micron Technology (MU) will report fiscal Q4 earnings after Tuesday’s close. The stock has surged 37% this month and is up 94% year-to-date, fueled by strong demand for high-bandwidth memory chips used in AI data centers. Analysts expect adjusted earnings of $2.79 per share, up 136% year-on-year, with revenue projected at $11.13 billion, a 44% increase. For Q1, Wall Street forecasts EPS of $3.01, up 68%, and revenue of $11.84 billion, up 36%. Micron recently set a new all-time high, surpassing its June 2024 peak.

Costco (COST) will release results Thursday. Oppenheimer raised its Q4 EPS forecast to $5.70 from $5.40, though consensus stands slightly higher at $5.81. Earlier this month, Costco reported quarterly sales of $84.4 billion, an 8% increase but below analysts’ $86.08 billion expectation. Investors will be watching for signs of margin strength and membership trends.

On the macro front, Federal Reserve Chair Jerome Powell is scheduled to deliver his first public remarks since the Fed’s initial 2025 rate cut. Markets are eager for signals on the pace of further easing. Friday brings the Fed’s preferred inflation gauge—the core PCE index—expected to rise 0.22% month-on-month, lifting annual core inflation to 3% from 2.9%. Personal income is forecast to grow 0.3%, while personal spending is seen rising 0.4%. These reports are unlikely to surprise since CPI and PPI data have already been released.

Other highlights include August existing home sales on Tuesday and a range of additional economic releases, rounding out a week of earnings and Fed-focused developments.