Stocks To Watch: Eyes On Broadcom, Target, Costco, Rivian And Small Caps

   2024-03-02 14:03

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The U.S. jobs report for February will be the headline economic event of the week. Economists forecast that employment likely increased by 190K during the month and the unemployment forecast is anticipated to stand pat at 3.7%. Notably, the month-over-month increase in average hourly earnings is expected to slow to +0.2% from +0.6% in January. The jobs report will arrive just 12 days before the next Federal Reserve Open Market Committee on March 20.

The earnings season slows down dramatically, although the tech sector has Marvell Technology (MRVL) and Broadcom (NASDAQ:AVGO) (analysis) reporting, while consumer heavyweights Target (NYSE:TGT) (preview) and Costco (COST) (preview) will also head into the earnings confessional. The event calendar includes the Morgan Stanley Technology, Media and Telecom Conference. Participants include Nvidia (NVDA), AMD (AMD), and Netflix (NFLX). American Airlines (NASDAQ:AAL) will host its 2024 Investor Day, and Rivian Automotive (NASDAQ:RIVN) has a preview event for the upcoming R2 model. Finally, the cryptocurrency market could be active again, buzz continues to build over the Bitcoin halving event expected to occur in April. The halving event reduces the reward for mining new bitcoin by half and occurs approximately every four years.

Earnings spotlight: Monday, March 4 – Sea Limited (SE), GitLab (GTLB) and Stitch Fix (SFIX). See the full earnings calendar.

Earnings spotlight: Tuesday, March 5 – Target (TGT), NIO (NIO), Ross Stores (

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