American stocks ended the week strongly, with the Dow Jones, S&P 500, and Nasdaq 100 indices rising by 675, 117, and 450 points, respectively. This rebound capped a highly volatile week in which the VIX index jumped to almost $23, the highest level in months.
The Federal Reserve will drive the stock market, which will deliver its interest rate decision. Analysts expect the bank to leave interest rates unchanged between 4.25% and 4.50% in this meeting and point to more cuts later this year.
The bank is concerned about a recession now that Donald Trump has embarked on an aggressive tariff strategy that may sink the US economy into a recession. Tariff news will continue to dominate the market.
Top stocks to watch next week
Traders will continue to watch a few companies that will publish their financial results. The most notable ones will be firms like Carnival, Intuitive Machines (LUNR), FedEx (FDX), Accenture (ACN), Zeekr (ZK), and Nio. Other stocks to watch will be Micron, Lennar, General Mills, Sportradar, Five Below, and FactSet. Let’s explore some of these stocks.
Nike (NKE)
Nike stock price will be in the spotlight next week as the company publishes its financial results that will cap one of its worst years. Its stock has crashed by over 12% this year, and is hovering at its lowest level since February.
Analysts expect the results to show that Nike’s revenue dropped by 11.3% in the fourth quarter to $11 billion. They also expect its forward guidance to point to a 10.4% annual decline to $46 billion.
Nike is working on a turnaround strategy as its business faces substantial risks, including competition. It is also rebuilding its relationships with retailers like FootLocker in a bid to boost its sales.
Intuitive Machines (LUNR)
Intuitive Machines share price has crashed by over 70% from its highest level this year, erasing most of the gains made in 2023. LUNR shares crashed after the company landed its Athena spacecraft on the lunar surface. The challenge is that the spacecraft tipped. It was the second failed mission by the company.
Therefore, the upcoming Intuitive Machines earnings will give investors more information about the company and the losses involved. Analysts expect the data to show that LUNR’s revenues rose by 82.5% to $55.7 million last quarter.
Carnival (CCL)
Carnival stock price has suffered a harsh reversal in the past few weeks, erasing some of the gains made in 2024. Other companies in the cruise industry, like Norwegian and Royal Caribbean, have also plunged.
Carnival share price will be in focus as it publishes its financial results. Analysts anticipate the data to show that revenue rose by 6.2% to $5.7 billion, while its earnings per share (EPS) moved to 0.02 cents.
Carnival and other companies are benefiting from strong demand that have led to substantial orders. Most importantly, it is seeing strong demand from young people.
Nio (NIO) and Zeekr (ZK) Intelligent Technology
Chinese EV stocks have continued doing well this year and are beating Tesla. Some of these EV companies that will publish their earnings next week are Nio, Zeekr Intelligent, and XPeng. Their numbers will provide more color on their growth and what to expect this year.
Zeekr stock price has jumped by over 139% from its lowest point in 2024 and is now hovering near its all-time high. Analysts expect the numbers to show that its revenue jumped to 23 billion yuan. It delivered over 222,123 vehicles in 2024, and the management hopes to sell 320k this year.
XPeng stock price has soared by over 270% from its 2024 lows as its deliveries jumped. Nio, on the other hand, is stuck in a tight range. Therefore, their earnings next week will help to determine their price action.
Other notable stocks: Accenture, FedEx
The other notable stocks to watch will be Accenture and FedEx. Accenture, a top IT consulting company,, will be in focus as its numbers will provide more color on artificial intelligence spending. FedEx will also show more details about the American economy as the tariff crisis continues.
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