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The stock market’s rally attempt that began with the Nasdaq’s jump on March 12 remained intact through the past week. But with no follow-through day to confirm a fresh uptrend, investors are left to prune and cultivate their watchlists. Earnings reports cool, although several names on the calendar could provide the stock market with some surprise energy.
The White House is likely to remain the hub of investor attention, as initiatives in energy and defense ramp up amid the sloshing tariff wars. Investors will keep an eye on the week’s data releases, which once again include key inflation numbers. And technology conferences in Washington D.C. and Miami could potentially generate some market-moving commentary, as founders of Anduril Industries, United Therapeutics (UTHR) and Barstool, as well as a long list of congressional representatives, are scheduled to speak.
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Is It A Bubble Or A Black Swan Event? Determining The Type Of Market Correction
Stocks To Watch: Gearing Up For A Follow-Through
The stock market is trying to end a correction, but still hasn’t confirmed its rally attempt. It’s a time to be collecting stocks showing relative strength for watchlists. Some prime candidates in the current market are GE Aerospace (GE), Aon (AON), Heico (HEI), Alkermes (ALKS) and Boston Scientific (BSX). All in the group are setting up in new, shallow consolidations, resisting the overall volatile sell-off in recent weeks. GE is just finishing off a flat base with an early entry at 206.82. Alkermes is also wrapping up a flat base, which is also a bullish base-on-base pattern. Boston Scientific is rebounding after a four-week slide, and would be actionable if it retakes its 50-day line.
Econ Calendar: Will Consumer Sentiment Hold In March?
The Fed’s key inflation rate, the goods trade deficit and consumer spending for February highlight the coming week’s economic releases. We’ll also get two consumer confidence reports showing whether sentiment is stable or continuing to deteriorate. The core PCE price index, out Friday, is expected to rise 0.33% on the month and 2.7% from a year ago, according to FactSet. The inflation data is part of the personal income and outlays report, expected to show income up 0.35% and spending up 0.2%. New home sales and The Conference Board consumer survey are out Tuesday. The University of Michigan’s final March consumer sentiment tally is also due out on Friday morning.
Dovish Fed Sees Slow Growth, ‘Transitory’ Tariff Inflation; S&P 500 Rallies
Conferences: Miami Hosts eMerge Tech Show
The earnings calendar quiets down in the coming week, but several industry conferences could generate market-worthy news. A long list of senators, representatives and tech executives with ties to blockchain and cryptocurrencies will speak at the DC Blockchain Summit in Washington on Tuesday and Wednesday. At the same time, Las Vegas hosts the ShopTalk Spring 2025 Retail Expo. On Tech investors will tune in to Miami Thursday and Friday, when the eMerge Americas Tech Summit boasts luminaries including United Therapeutics founder and CEO Martine Rothblatt. David Portnoy, founder and owner of Barstool Sport, and Palmer Luckey, founder of Anduril Industries and Oculus VR will be in attendance.
Searching For Q1 Stock Market Resilience
Stocks holding their ground ahead of earnings reports are a rarity as the reporting season moves into late stages. But McCormick (MKC) is holding just below a buy point. Retailers with battered stocks abound: Lululemon Athletica (LULU), RH (RH), Dollar Tree (DLTR). Meme stock GameStop (GME), KB Home (KBH), uniform services giant Cintas (CTAS) and Paychex (PAYX) also report.
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