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Market Theme: 3 Most Important Things to Look for on Wednesday




Market Theme: 3 Most Important Things to Look for on Wednesday

  • Update Time : Wednesday, February 26, 2020
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Market Theme: 3 Most Important Things to Look for on Wednesday
Market Theme: 3 Most Important Things to Look for on Wednesday

MarketDeal24.Com – Here are three most important things that are going to define the theme of the market today, February 26, 2020.

Lowe’s Reports

Home Depot has posted its quarterly earnings report on Tuesday which has exceeded the forecasts of the investors. But due to the coronavirus pandemic the better earning did not get reflected in its stock value.

Its rival home-improvement retailer Lowe’s is going to make its statement of quarterly earnings today, ahead of the commencement of the day.

Experts are betting for a possible profit of 91 cents per share on a sale of about $16.2 billion.

Wall Street however, praised Lowe’s earnings report last November, the corporation posted solid figures and the market with spectacular success of its initiatives has applauded the company.

Discount retailer TJX Companies will report its earnings tomorrow which will be followed by the reports of Wendy’s and Papa John’s reports.

New Home Sales Numbers Released

The latest figures on the new home sales across the United States of America will come out to the public domain tomorrow. 

US Department of Commerce will release the report of Home Sales for the month of January at 10:00 AM Eastern Time (ET).

Market participants are expecting a rise of 3.5% in the value to an annual rate of 710,000.

Oil Inventories Forecast to Build Up

Investors and traders of the much known commodity of the globe, crude oil, will have to take the developments surrounding the ‘coronavirus’ epidemic and inventory figures into their account.

The Energy Information Administration (EIA) will release its weekly petroleum inventories report at 10:30 AM Eastern Time.

Market is expecting the figures to rise by 2 million barrels for the week ending on February 21. The American Petroleum Institute (API), on the other hand, has shown a piling up of 1.3 million barrels of crude. 

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