Today the usual initial and continuing jobless claims are on deck. Further, current account data for the first quarter is due out, in addition to the S&P Global U.S. manufacturing and services PMIs.
The following public companies are slated to release corporate earnings today, June 23:
Accenture plc (NYSE:ACN -- $286.40) provides strategy and consulting, interactive, and technology and operations services worldwide. Accenture will report its Q2 earnings of 2022 before the bell today.
Apogee Enterprises Inc. (NASDAQ:APOG -- $37.87) designs and develops glass and metal products and services in the United States, Canada, and Brazil. Apogee Enterprises will report its Q2 earnings of 2022 before the bell today.
Darden Restaurants Inc. (NYSE:DRI -- $115.12) owns and operates full-service restaurants in the United States and Canada. Darden Restaurants will report its Q2 earnings of 2022 before the bell today.
FactSet Research Systems Inc. (NYSE:FDS -- $359.94) provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. FactSet will report its Q2 earnings of 2022 before the bell today.
GMS Inc. (NYSE:GMS -- $39.00) distributes wallboards, suspended ceilings systems, and complementary building products in the United States and Canada. GMS will report its Q2 earnings of 2022 before the bell today.
Rite Aid Corp. (NYSE:RAD -- $6.71) operates a chain of retail drugstores in the United States. Rite Aid will report its Q2 earnings of 2022 before the bell today.
BlackBerry Ltd. (NYSE:BB -- $5.32) provides intelligent security software and services to enterprises and governments worldwide. BlackBerry will report its Q2 earnings of 2022 after the close today.
CalAmp Corp. (NASDAQ:CAMP -- $6.85) provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. CalAmp will report its Q2 earnings of 2022 after the close today.
FedEx Corp. (NYSE:FDX -- $229.02) provides transportation, e-commerce, and business services in the United States and internationally. FedEx will report its Q2 earnings of 2022 after the close today.
Smith & Wesson Brands Inc. (NASDAQ:SWBI -- $13.10) designs, manufactures, and sells firearms worldwide. Smith & Wesson Brands will report its Q2 earnings of 2022 after the close today.
Looking ahead to tomorrow, the last day of the week will feature the University of Michigan's (UM) consumer sentiment index, five-year inflation expectations, and new home sales data.
All economic dates listed here are tentative and subject to change.7 Risk-Off Stocks to Buy as Inflation Remains at Record Levels
Inflation has gone from a transitory problem that would take care of itself to an existential threat that is moving the Federal Reserve to take swift, aggressive action. In January 2022, the Consumer Price Index (CPI) showed inflation in the United States was at its highest level since 1982.
And the market is reacting predictably with what appears to be a shift from risk-on to risk-off assets. This is having a negative effect on many stocks, particularly in the tech sector, that are no longer justifying their extended valuations.
But investors are also seeing a drop in cryptocurrency prices and other speculative assets. This may be a short-term phenomenon, but if you’re an investor looking at how to make money in 2022; it’s time to get a little defensive. But playing defense doesn’t mean accepting mediocre growth. It simply means moving into stocks and sectors that are likely to benefit from high inflation and rising interest rates.
That’s the focus of this special presentation. We invite you to consider these seven risk-off stocks that look like strong candidates to increase in value even as inflation remains high.View the "7 Risk-Off Stocks to Buy as Inflation Remains at Record Levels"