Stocks Rally in February; Jobs Data and Retail Earnings Could Shape Outlook
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The stock market had a strong February, with the Nasdaq jumping 6.1% and the S&P 500 climbing 5.2%.
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Several stocks are setting up potential buying opportunities, including Shockwave Medical, Confluent, Embraer, Tidewater, and ServiceNow.
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Jobs data this week could influence the Fed's rate cut strategy going forward. The ADP employment numbers are out Wednesday.
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AI chipmaker Broadcom reports earnings on Thursday. Its revenue from AI is likely to top $8 billion this year.
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It's a big week for retail earnings with reports from Target, Macy's, Abercrombie & Fitch, Foot Locker, Dollar Tree, American Eagle, and Burlington Stores.