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What to Watch: Used Car Retailer CarMax Gears Up to Post Latest Earnings

July 7, 2023
in Trade Tube
Reading Time: 1 min read
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For Friday, June 19 TheStreet outlines the Quadruple Witching day plus notable earnings, and key economic data to watch on Wall Street. The market may see extra volatility as all four asset classes, stock index futures, stock index options, stock options and single stock futures, expire on the same day. Futures and options investors must close out of their positions. Trading volume will likely be higher than normal. On the earnings front, we note quarterly earnings reports from used car company CarMax Inc (KMX) and homebuilding company KB Home (KBH). Both companies are scheduled to report before the market opens. We also note one report on the economic calendar. The Atlanta Fed’s Business Inflation Expectations survey will be released. The survey gives a monthly measure of inflation estimates from the perspective of firms. The inflation expectations of firms are an important part of the inflation outlook and can guide the potential path of inflation. TheStreet’s Kurumi Fukushima reports in New York.

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