May 26, 2020 (IAM Newswire via COMTEX) -- Last week, we saw yet another glimpse of optimism with investors hoping economy will kick into higher gear as the COVID-19 threat fades. Despite still being down this year, at least both the Dow Jones Industrial Average and the S&P 500 rose over 3%. As the market embraces the hope for an economic rebound, several companies will show if these hopes are justified.
Workday /zigman2/quotes/201157610/composite WDAY -0.57% a software company whose offerings are used by 40% of the Fortune 500 and 50% of the Fortune 100 companies. Being an established in human capital management, this dominant-cloud based company is expected to benefit with many companies needing aid to recover from the pandemic.
Dollar General /zigman2/quotes/200691429/composite DG -1.92% , The company has certainly benefited from consumers stock piling but increase in sales is likely to come at increased costs and some gross margin mix pressure, but the company's supply chain as well as in-store efficiency should limit the span of these costs.
On Thursday, we will get a glimpse into a new reality of e-commerce through Salesforce.com /zigman2/quotes/200515854/composite CRM +0.05% , as besides reporting earnings the company has launched Quick Start Commerce Solutions to help businesses get set up online as quickly as possible.
Retailing giant Costco Wholesale /zigman2/quotes/201191698/composite COST -2.13% has outperformed the recent market slump due to its persistently strong operating trends. Surging sales led to comparable core sales jumping 11% in the US in April, with 88% in the online sales channel.
The beauty Ulta Beauty /zigman2/quotes/210513442/composite ULTA +2.32% troubles were only emphasized with the pandemic due to core makeup segment shrinking for several quarters with the demand slump pressuring both top and bottom lines so details of the restart plan to get the company back on track by 2021 is eagerly awaited on Thursday.
While expecting a decline in earnings with higher for the quarter that ended in April, VMWare /zigman2/quotes/209864107/composite VMW -0.55% has shrunk the hardware requirements for its shiny new native Kubernetes on vSphere product, making it rather more affordable as the company aims to improve its standing with developers.
Although the Canadian cannabis market has evolved more slowly than expected, Canopy Growth /zigman2/quotes/200603886/composite CGC +1.45% is set to become the sector leader in the long-term.
With shares being pushed up, expectations for the earnings report on Wednesday for Autodesk /zigman2/quotes/209828392/composite ADSK +0.09% are high as the tech specialist is expected to have held up well through the challenging economic conditions and reduced demand in March and April.
So, there you have it- from software to retail and the cannabis revolution, this week will be full of new insights!
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