Twitter, Amazon annual mtgs., baby formula CEOs on Capitol Hill, Davos kickoff top week ahead

Zoom, Best Buy, Dick's Sporting Goods and Dollar General will report results

Investors will have another busy week ahead with more corporate earnings and key economic data on tap. 

The volatile stock market may also continue after the S&P 500 briefly fell into bear market territory on Friday. Meanwhile, the Nasdaq Composite, which is already in bear market territory, fell 0.3%. The Dow Jones Industrial Average rose 8.77 points, closing at 31,261.90.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 31500.68 +823.32 +2.68%
SP500 S&P 500 3911.74 +116.01 +3.06%
I:COMP NASDAQ COMPOSITE INDEX 11607.620416 +375.43 +3.34%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. 

STOCK MARKET WILL TANK IN STAGFLATION SCENARIO, BANK OF AMERICA WARNS

Monday 5/23  

Kicking off the week for earnings will be Advance Auto Parts and Zoom Video Communications after the bell. 

Ticker Security Last Change Change %
AAP ADVANCE AUTO PARTS INC. 183.10 +4.47 +2.50%
ZM ZOOM VIDEO COMMUNICATIONS INC. 122.64 +4.97 +4.22%

Former Federal Reserve Chairman Ben Bernanke will also participate in a Q&A on the future of monetary policy at 11:00 am ET. 

Former Federal Reserve Chairman Ben Bernanke speaks during a forum hosted by the Brookings Institute August 17, 2015 in Washington, DC. The forum focused on defense economy and american prosperity. ((Photo by Mark Wilson/Getty Images))

Ticker Security Last Change Change %
DIDI n.a. n.a. n.a. n.a.
ICE INTERCONTINENTAL EXCHANGE INC. 97.91 +1.23 +1.27%

Didi Global shareholders will also vote on plans to delist from the New York Stock Exchange. 

WORLD ECONOMIC FORUM 2022: WHAT TO KNOW

In the world of politics, President Biden will meet with Japanese Prime Minister Fumio Kishida. In international news, Ukraine president Volodymyr Zelensky will address participants of the World Economic Forum in Davos, Switzerland. 

Ukraine President Volodymyr Zelensky a (Sarahbeth Maney/The New York Times via AP, Pool, File) ((Sarahbeth Maney/The New York Times via AP, Pool, File) / AP Newsroom)

FED'S BULLARD SAYS RECESSION WILL ONLY COME IF THERE'S A ‘LARGE SHOCK’ TO ECONOMY

Tuesday 5/24

Earnings on the docket for Tuesday include Abercrombie & Fitch, AutoZone, Best Buy and Ralph Lauren before the market open and Intuit, Nordstrom, Toll Brothers, and Urban Outfitters after the bell. 

Ticker Security Last Change Change %
ANF ABERCROMBIE & FITCH CO. 19.47 +0.86 +4.62%
AZO AUTOZONE INC. 2,159.59 +52.51 +2.49%
BBY BEST BUY CO. INC. 74.69 +3.40 +4.77%
RL RALPH LAUREN CORP. 96.35 +3.02 +3.24%
INTU INTUIT INC. 417.62 +16.87 +4.21%
JWN NORDSTROM INC. 24.29 +1.25 +5.43%
TOL TOLL BROTHERS INC. 45.10 +0.58 +1.30%
URBN URBAN OUTFITTERS INC. 21.03 +1.23 +6.21%

New home sales will also be released. 

Other notable events include the Department of Energy's planned notice of sale for an additional 40 million barrels of crude oil from the Strategic Petroleum Reserve with delivery starting in June and a Quad meeting in Tokyo between Japan, the U.S., Australia, and India.

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 81.24 +2.23 +2.82%
BNO UNITED STS BRENT OIL FD LP UNIT 32.65 +0.89 +2.80%

AS INFLATION SOARS, ONE-THIRD OF AMERICANS ARE EXPERIENCING FINANCIAL STRESS: SURVEY

Wednesday 5/25

Dick's Sporting Goods and Express will take the earnings spotlight before the market open on Wednesday, while Box, Nvidia Snowflake and Splunk will be in focus after the bell. 

Ticker Security Last Change Change %
DKS DICK'S SPORTING GOODS INC. 84.42 +6.47 +8.31%
EXP EAGLE MATERIALS INC. 107.66 +2.08 +1.97%
BOX BOX INC. 26.71 +1.99 +8.05%
NVDA NVIDIA CORP. 171.26 +9.01 +5.55%
SNOW SNOWFLAKE INC. 151.53 +8.42 +5.88%
SPLK SPLUNK INC. 97.86 +5.50 +5.95%

On the economic data front, investors will digest durable goods, the Fed minutes, weekly mortgage applications, and the Energy Information Administration's weekly crude stocks. The Congressional Budget Office will also release its budget and economic outlook for 2022 to 2023. 

Ticker Security Last Change Change %
ABT ABBOTT LABORATORIES 109.43 +3.24 +3.05%
NSRGY NESTLÉ SA 116.87 +3.50 +3.09%
RBGLY RECKITT BENCKISER GROUP PLC 15.53 +0.17 +1.11%

Food and Drug Administration officials and executives from Abbott Nutrition, the Nestlé-owned Gerber Products Company and Enfamil maker Reckitt will also testify before the House Energy and Commerce Oversight and Investigations subcommittee on the nationwide shortage of baby formula. 

Ticker Security Last Change Change %
TWTR TWITTER INC. 39.41 +0.73 +1.89%
AMZN AMAZON.COM INC. 116.46 +4.02 +3.58%
FB n.a. n.a. n.a. n.a.

In addition, Twitter, Amazon and Meta Platforms will all hold their annual shareholder meetings. 

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Thursday 5/26

Wrapping up the week for earnings will be Buckle, Dollar General, Jack in the Box, Macy's and Medtronic before the market open and Gap, Lions Gate Entertainment, Ulta Beauty and Workday after the bell. 

Ticker Security Last Change Change %
BKE THE BUCKLE INC. 30.04 +0.94 +3.23%
DG DOLLAR GENERAL CORP. 248.37 +4.52 +1.85%
JACK JACK IN THE BOX INC. 59.25 +0.27 +0.46%
M MACY'S INC. 21.06 +1.99 +10.44%
MDT MEDTRONIC PLC 90.47 +1.75 +1.97%
GPS GAP INC. 9.46 +0.77 +8.86%
LGF.A LIONS GATE ENTERTAINMENT CORP. 10.04 +0.62 +6.58%
ULTA ULTA BEAUTY INC. 410.54 +14.63 +3.70%
WDAY WORKDAY INC. 152.05 +9.86 +6.93%

As for economic data, investors will be keeping an eye on the second estimate for first quarter GDP, pending home sales and the latest in initial and continuing jobless claims. 

Florida will also host a two-day Bitcoin & Blockchain summit at the Hilton Orlando Resort starting Thursday. The conference will focus on how to "navigate the turbulent waters ahead as the country steps into a recession due to hyperinflation." Bitcoin, along with other cryptocurrencies have seen downward pressure along with U.S. equities. 

LIVE CRYPTO DATA: CLICK HERE

Ticker Security Last Change Change %
UAL UNITED AIRLINES HOLDINGS INC. 38.51 +2.70 +7.54%
BA THE BOEING CO. 141.55 +7.61 +5.68%

In addition, United Airlines is expected to return the Boeing 777 to service on a limited basis starting on Thursday after the plane was grounded due to an uncontained engine fire during a flight from Denver to Honolulu in February 2021. 

Friday 5/27

Finishing out the week for economic data will be the University of Michigan's consumer sentiment index, personal income and personal consumption. 

President Donald Trump speaks in the East Room of the White House, early Wednesday, Nov. 4, 2020, in Washington. (AP Photo/Evan Vucci) (AP Photo/Evan Vucci / AP Newsroom)

Former president Donald Trump will also deliver remarks at the National Rifle Association's Institute for Legislative Action Leadership Forum.