Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Breadsticks, Meme Stock, Special Delivery: 3 Things to Watch

Stock MarketsJun 23, 2021 03:54PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Dhirendra Tripathi -- Stocks paused after a tech-led rally pushed NASDAQ Composite to another record high and as investors absorbed new comments about inflation from an influential Federal Reserve official. 

Atlanta Fed President Raphael Bostic said Wednesday he was one of the seven Federal Open Market Committee members who projected a rate hike in late 2022, which was in the June summary of economic projections released last week.

Bostic told reporters after a speech that the economy is close to meeting the Fed's "substantial further progress" hurdle to start bond tapering.

The tech rally has been fueled by expectations for a low-growth, stable inflation environment. 

But there have been signs prices are running hot. Prices for existing homes hit a record in May on scarce inventory. 

On Thursday, big banks are looking to be given the green light to pay out billions of dollars in dividends and stock buybacks, assuming they pass the Fed’s latest annual stress test. 

Here are three things that could affect markets tomorrow:

1. Eating out is back in

The parent company of Olive Garden and Longhorn Steakhouse is set to report fiscal fourth quarter numbers on Thursday. Darden Restaurants Inc (NYSE:DRI) is expected to post earnings per share of $1.76 on revenue of $2.17 billion, according to analysts tracked by

2. Meme stock bounce?

BlackBerry Ltd (NYSE:BB), once known for its high security push messaging mobiles and now as a meme stock, will report its fiscal 2022 first quarter results on Thursday. The company is seen posting an EPS of 5 cents on revenue of $168.25 million.

3. Special delivery

FedEx Corporation (NYSE:FDX), which has benefitted from a boom in shipping during the pandemic, is on Thursday expected to report an EPS of $4.97 on revenue of $21.46 billion for fiscal 2021 fourth quarter.


Breadsticks, Meme Stock, Special Delivery: 3 Things to Watch

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email