Five Stocks to Watch This Week: Apple, Oracle, Adobe, AeroVironment and Exxon Mobil

TLDR

• Apple holds its annual product event Wednesday, with a possible foldable iPhone expected
• Oracle reports earnings Thursday with Wall Street watching its AI cloud revenue closely
• Adobe faces scrutiny over whether its AI tools are protecting Creative Cloud growth
• AeroVironment reports Wednesday after a $51 million U.S. Army drone order
• Friday’s CPI report could shape the Fed’s September rate decision

Wall Street heads into a shortened four-day week with several major earnings reports and a key inflation reading on the calendar.

Markets are closed Monday for Labor Day. That leaves investors with a packed schedule from Tuesday through Friday.

The biggest macro event of the week is Friday’s Consumer Price Index report for August. A stronger-than-expected jobs report has already pushed up odds for a Federal Reserve rate hike at its September 15-16 meeting. Fed funds futures currently put the chances of a hike at around 57%.

Producer price data drops Thursday, making the final two days of the week especially important for rate-sensitive stocks.

… Continue reading the full article at the original source below.