Monday, May 11th, 2026<\/p>\n
We ended \u201cJobs Week\u201d on Friday with both the S&P 500 and the tech-heavy Nasdaq closing at fresh all-time highs. Both private-sector ADP ADP jobs numbers last Wednesday and Friday\u2019s BLS non-farm payrolls both outperformed expectations and reached triple digits. Meanwhile, Q1 earnings season continued its stellar performance as the last of the AI plays reported earnings.<\/p>\n
This week, earnings season soldiers onward, with Cisco Systems CSCO, Alibaba BABA and tech-based nuclear energy firm Oklo OKLO reporting results this week. We\u2019ll also see key inflation metrics this week, with both CPI and PPI data coming out Tuesday and Wednesday. The CPI Inflation Rate for April is expected to jump half a percentage point to +3.8% \u2014 nearly double outgoing Fed Chair Jerome Powell\u2019s optimum inflation rate of +2.0%. Spiking oil prices due to the war on Iran is expected to be the main culprit.<\/p>\n
Speaking of the Fed Chair, the Senate convenes today to confirm Powell\u2019s successor, former Fed Governor Kevin Warsh. Odds are he will be a strong advocate of President Trump\u2019s insistence that the Fed lower interest rates, as Warsh has been critical of Powell\u2019s leadership in the Fed, but it appears he will have to swim upstream against growing sentiment away from a bias toward easing.<\/p>\n
Earnings Reports Ahead of the Opening Bell: SBH, MOS, B <\/p>\n
Cosmetics distributor Sally Beauty SBH reported fiscal Q2 results this morning, with earnings of $0.44 per share beating the Zacks consensus by 3 cents, with revenues of $903.38 billion narrowly outperforming expectations. Shares have swung to positive territory year to date, +2.14% in today\u2019s pre-market on the earnings news. For more on SBH\u2019s earnings, click here.<\/p>\n
Barrick Mining B, formerly of the \u201cGOLD\u201d ticker a year ago, crushed estimates on both top and bottom lines this morning. Earnings of $0.98 per share were +32.4% ahead of the $0.74 anticipated, and in another orbit from the +$0.35 per share reported in the year-ago quarter. Revenues of $5.22 billion topped the Zacks consensus by +15.1%. Shares are up +3.8% on the news, also swinging to positive year to date. For more on B\u2019s earnings, click here.<\/p>\n
Agricultural fertilizer supplier The Mosaic Co. MOS, on the other hand, posted a -75% negative surprise on its bottom line this morning, with +$0.05 per share reported was well off the expected +$0.20. Revenues did come in +9% over expectations to $3.0 billion for the quarter, but a cut to guidance \u2014 again citing the Iran war, particularly the closed Strait of Hormuz \u2014 have sent shares down -5% in today\u2019s pre-market, deepening the stock\u2019s losses year to date. For more on MOS\u2019 earnings, click here.<\/p>\n
What to Expect from Today\u2019s Stock Market <\/p>\n
After today\u2019s open, we\u2019ll see an update on Existing Home Sales for April. Analysts look for this to dip slightly to 4.1 million seasonally adjusted, annualized units, from 4.2 million units the prior month. This is pretty close to the mid-point between near-term lows (3.93 million in June of last year) and highs (4.27 million in December of \u201925).<\/p>\n
For earnings, we anticipate shopping mall REIT Simon Property Group SPG, quantum stock Rigetti Computing RGTI and direct-to-consumer telehealth firm Hims & Hers HIMS to post earnings results after today\u2019s close. Of these, Rigetti\u2019s revenues are expected to come in +120% year over year, while Hims earnings are projected to snag -80% from a year ago.<\/p>\n
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report<\/a><\/p>\n Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report<\/a><\/p>\n Simon Property Group, Inc. (SPG) : Free Stock Analysis Report<\/a><\/p>\n Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report<\/a><\/p>\n Sally Beauty Holdings, Inc. (SBH) : Free Stock Analysis Report<\/a><\/p>\n The Mosaic Company (MOS) : Free Stock Analysis Report<\/a><\/p>\n Barrick Mining Corporation (B) : Free Stock Analysis Report<\/a><\/p>\n Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report<\/a><\/p>\n Hims & Hers Health, Inc. (HIMS) : Free Stock Analysis Report<\/a><\/p>\n Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report<\/a><\/p>\n Oklo Inc. (OKLO) : Free Stock Analysis Report<\/a><\/p>\n This article originally published on Zacks Investment Research (zacks.com).<\/a><\/p>\n