ADP jobs, consumer earnings, housing market update: 3 things to watch for in the markets on Wednesday

November's ADP report was a big miss, since economists were estimating 150,000 new jobs. Wednesday's ADP job count comes ahead of Friday's more closely watched Labor Department nonfarm payrolls report.Consumer companies Walgreens, Constellation Brands and Bed Bath & Beyond all report quarterly earnings on Wednesday.

UBS expects Walgreens to report earnings of $1.41, below last year's $1.46 per share. The firm said the bar for Walgreen's earnings "looks achievable" because of a big flu season and strong same store sales trends for drug retailers. That said, UBS expects U.S. retail to slow in 2020 and has a sell rating on Walgreens.

Bank of America expects wine and beer importer Constellation Brands to report earnings of $1.82 per share, which was lowered from $1.92 per share after a $71 million loss related to pot company, Canopy growth. Constellation Brands earned $2.37 in the same quarter. Bank of America said slowing beer sales growth and the company's plan to grow its wine business remain an overhang for Constellation shares.

Baird expects Bed Bath & Beyond to report earnings of 2 cents per share, the same as the third quarter last year. The firm's same store sales estimate is a drop of 6%. "While BBBY had taken steps to stem the decline in sales, an unfavorable calendar shift could limit the magnitude of sequential comp improvement," said Baird's senior research analyst Peter Benedict in a note to clients on Monday.

Wedbush expects Lennar to report earnings per share of $1.89, compared to last year's $2.42 per share. The firm also predicts order growth of 16%, thanks to Lennar's shift to lower-priced homes. Lennar is "undervalued especially in light of the company's shift to more affordable product," said Wedbush analyst Jay McCanless.

go to melen tonight .

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

These Dow stocks hold up the most during rough times for the marketHealth care and consumer staples are the stocks that perform best when the market drops. Come on How are gold miners going down when gold has rocketed up the last couple days? Curious.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Mexico is a top neobank market to watch in 2020 - Business InsiderIn addition to its underbanked conditions, Mexico is a prime market for neobanks due to its favorable regulatory landscape and consumer demographics.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

5 things to know before the stock market opens TuesdayU.S. stock futures were pointing to a steady Wall Street open after the Dow closed erased an over 200-point decline early Monday to close higher.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

5 things to know before the stock market opens MondayShort $BA
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »