Investors are looking forward to an interesting week ahead as the March jobs report is due later this week. Also, a handful of companies will be releasing their quarterly earnings report.
DLocal Limited (DLO), Kura Sushi USA, Inc. (KRUS), Kirkland’s, Inc. (KIRK), and Freeline Therapeutics Holdings plc (FRLN) are expected to release quarterly reports this week, and I believe it could be wise for investors to avoid these stocks for reasons discussed throughout this article.
According to Trading Economics, the labor market is expected to remain strong as the March jobs report is likely to show that the U.S. economy added 238,000 non-farm payroll jobs, with the unemployment rate remaining steady at 3.6%.
Amid the worst banking crisis that unfolded since the global financial crisis of 2008, the Federal Reserve announced a 25 basis point rate hike last month in line with analyst expectations. However, chances of higher interest rate hikes remain as inflation is still above the Fed’s comfort level. Moreover…
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