MarketsMay 18, 2025
Eyes on Earnings — Week of May 18, 2025
Investor Brief
Noah Weidner
Discover
They say “this time is different” are four of the most dangerous words in investing. But while some investing pundits warn that things are different, the market’s attitude has become one of indifference — dare we say, verging on optimism. Last week, the S&P 500 lurched back into green territory, marking an informal end to a tumultuous few weeks for investors.
The week behind: Last week wasn’t without controversy, as Trump unveiled an executive order that will force pharmaceutical firms to ‘make a deal’ with the President to avoid targeted tariffs. However, sentiment seemed to turn a corner as the IPO market warmed on a debut from brokerage eToro and a new S-1 from Chime. But after reports from Sweetgreen, CoreWeave, and On Holdings, earnings season has almost drawn to a close. Here were the three biggest stories of last week to revisit before diving into the new week:
This coming week, earnings will be slim, with 159 US stocks scheduled to report. Here are three themes to watch:
Honorary mentions: Cruise operator Viking Holdings, Urban Outfitters, and semiconductor firm Analog Devices are a few other one-off reports to watch. Throughout the week, we’ll also see updates from apparel names such as Arc’teryx parent Amer Sports, Ralph Lauren, and Vans owner VF Corporation. And possibly, we’ll see whether Canada’s TD Bank is turning a corner after paying out billions in fines late last year.
