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Hobbs Catalyst Watch - Week of June 1st

  • Writer: Mike
    Mike
  • May 31
  • 4 min read

Here’s a list summary of key market events and earnings reports scheduled for the week of June 1, 2025. This reflects projections based on historical patterns, typical economic calendars, and recent data from web sources and X posts, with some details (especially earnings) subject to final confirmation.


Monday, June 2:

  • 9:45 AM EST: S&P Global Manufacturing PMI (Final) for May – A manufacturing activity gauge that could influence industrial stocks.

  • 10:00 AM EST: ISM Manufacturing PMI for May – A national manufacturing index that might impact industrial and economic sentiment.

  • 10:00 AM EST: Construction Spending for April – Could affect construction and real estate sectors.

  • 1:00 PM EST: Federal Reserve Chair Powell Speaks – Remarks at an event (per X posts) could influence rate cut expectations and market volatility.

  • Earnings Reports:

    • Before Market Open:

      • Campbell Soup (CPB) – Consumer staples earnings that could reflect inflation and spending trends.

      • Science Applications International Corp. (SAIC) – Defense contractor results that might signal government spending trends.

    • After Market Close:

      • Credo Technology Group (CRDO) – Semiconductor earnings, potentially impacting AI and tech sentiment.


Tuesday, June 3:

  • 10:00 AM EST: JOLTS Job Openings for April – Labor market data that could affect Fed policy expectations and bond yields.

  • 10:00 AM EST: Factory Orders for April – Manufacturing demand data that might influence industrial stocks.

  • Earnings Reports:

    • Before Market Open:

      • Dollar General (DG) – Retail earnings, expected to report EPS of $1.57 (-16% YoY) on $10.1 billion revenue (+2.7% YoY), with tariff impacts in focus.

      • Ferguson Enterprises (FERG) – Industrial distribution earnings that could reflect construction trends.

      • NIO (NIO) – Chinese EV earnings, sensitive to tariff and China trade developments.

      • Ollie’s Bargain Outlet (OLLI) – Discount retail results that might signal consumer spending.

      • Signet Jewelers (SIG) – Jewelry retail earnings that could reflect discretionary spending.

    • After Market Close:

      • CrowdStrike (CRWD) – Cybersecurity earnings, expected to show strong AI-driven growth, critical for tech sentiment.

      • Hewlett Packard Enterprise (HPE) – IT hardware earnings that could impact tech and enterprise spending views.

      • Asana (ASAN) – Work management software results that might influence SaaS sentiment.

      • Guidewire Software (GWRE) – Insurance software earnings that

        could signal enterprise tech trends.


Wednesday, June 4:

  • 8:15 AM EST: ADP National Employment Report for May – A private-sector jobs preview that could set expectations for Friday’s payrolls data.

  • 9:45 AM EST: S&P Global Services PMI (Final) for May – A service sector indicator that might affect broader market sentiment.

  • 10:00 AM EST: ISM Services PMI for May – A key service sector gauge that could drive economic sentiment.

  • Earnings Reports:

    • Before Market Open:

      • Dollar Tree (DLTR) – Discount retail earnings, expected to report EPS of $1.20 (-16% YoY) on $4.5 billion revenue (-40.7% YoY), with analysts noting tariff exposure.

      • Webster Financial (WBS) – Banking earnings that could reflect regional financial trends.

      • Thor Industries (THO) – RV manufacturing results that might signal discretionary spending.

    • After Market Close:

      • MongoDB (MDB) – Database software earnings, critical for cloud and AI tech sentiment.

      • Five Below (FIVE) – Retail earnings that could reflect teen consumer trends.

      • PVH Corp (PVH) – Apparel earnings, potentially impacted by tariff costs.


Thursday, June 5:

  • 8:30 AM EST: Initial and Continuing Jobless Claims – Weekly labor market data that could refine economic health views.

  • 8:30 AM EST: Productivity and Costs (Revised) for Q1 2025 – Could influence inflation and wage growth expectations.

  • Earnings Reports:

    • Before Market Open:

      • Ciena (CIEN) – Networking equipment earnings that might signal telecom and tech demand.

      • Brown-Forman (BF/B) – Beverage earnings that could reflect consumer staples trends.

      • Victoria’s Secret (VSCO) – Retail earnings that might indicate discretionary spending health.

      • Cracker Barrel (CBRL) – Restaurant earnings that could signal dining trends.

    • After Market Close:

      • Broadcom (AVGO) – Semiconductor earnings, expected to report EPS of $1.57 (+42.7% YoY) on $15 billion revenue (+19.9% YoY), driven by AI and VMware optimization.

      • Lululemon Athletica (LULU) – Apparel earnings that could reflect athleisure and consumer trends.

      • DocuSign (DOCU) – E-signature software results that might influence SaaS sentiment.

      • Petco Health & Wellness (WOOF) – Pet retail earnings that could signal consumer spending.


Friday, June 6:

  • 8:30 AM EST: Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings for May – The major jobs report, expected to show ~150,000–170,000 jobs added, could drive significant market volatility based on labor market strength and wage growth.

  • 3:00 PM EST: Consumer Credit for April – Consumer borrowing data that might affect financial and retail stocks.

  • Earnings Reports:

    • Before Market Open: G-III Apparel Group (GIII) – Apparel earnings that could reflect consumer discretionary trends.

    • After Market Close: Typically light for earnings; monitor for smaller-cap reports.


Additional Notes:

  • Jobs Report Focus: The May Nonfarm Payrolls on June 6 is a key event, with markets sensitive to job growth (consensus ~160,000 vs. April’s 177,000) and wage pressures, which could shift Fed rate cut odds (currently ~5% for June, 24% for July).

  • Earnings Context: Late in Q1 earnings season, Broadcom (AVGO) and CrowdStrike (CRWD) are highlights, with AI-driven growth in focus. Retail reports (Dollar Tree, Dollar General, Lululemon) could signal consumer resilience amid tariff concerns, with Dollar Tree’s higher import exposure noted.

  • Tariff Dynamics: Recent U.S.-China trade talk optimism and tariff delays (e.g., auto tariffs effective May 3) may support markets, but guidance from tariff-exposed firms like Dollar Tree and NIO will be critical.

  • Market Sentiment: X posts highlight trader focus on Broadcom, CrowdStrike, and the jobs report, with markets in consolidation (S&P 500 support at ~5,785, resistance at ~5,965). Powell’s Monday speech could set the tone.


 
 
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