Starbucks (SBUX) – One of the best stocks to track sentiment of the global consumer. Starbucks will report quarterly results on Tuesday after market close.
Automatic Data Processing (ADP) – One of the largest providers of payroll employment data in the United States. Ahead of Friday’s payroll data out of the US’s Bureau of Labor Statistics, a data point provided by ADP will give investors a preview into the current state of the job market. ADP releases its labor data on payrolls at 8:15 a.m. EDT on Wednesday of this week.
Dollar General (DG) – A play on changing consumer sentiment. One of the cover stories on the Wall Street Journal Monday morning suggested “People Start Buying More Essentials at Dollar Stores.”
Arcadia Biosciences (RKDA) – A play on improving yields for crops. The company describe itself as enhancing “farm economics by improving the performance of crops in the field, as well as their value as food ingredients, health, and wellness products.” After several months of interference due to the Russian aggression, Ukrainian authorities have this week begun shipping grain again.
Rite Aid (RAD) – A play on an intersection of two news items from Friday of last week. Rite Aid shares closed up nearly 8% last week amid chatter peers in the pharmacy space, Walgreens (WBA) and CVS (CVS), could be interested in purchasing Teladoc (TDOC). Also, Dealreporter speculation was circulated suggesting activist investors could be taking a look at Rite Aid.