Altrice Investment Co. Limited – Big Day for the Federal Reserve
Market watchers will be paying close attention to some key events taking place Tuesday.
By: Altrice Investment Co. imited
Bank of America Merrill Lynch predicts that the Fed's conference will be more of a brainstorming session. Credit Suisse echoed Bank of America's prediction. "Discussions of alternative policy frameworks will be central, although we do not expect any announcement of changes," the firm said.
Meanwhile, cloud giant Salesforce.com will release quarterly earnings results after the market close. Analysts polled by Bloomberg are expecting the company to report adjusted earnings of 61 per share on $3.68 billion in revenue during the quarter.
Revenue growth will be in focus by both investors and Wall Street. Whether or not Salesforce was able to keep up the revenue growth momentum will be a critical point of interest.
Salesforce has been lagging the broader market this year. Shares are up a modest 6%, while the S&P 500 has risen 10% in the same time period.
The company will be holding its earnings conference call at 5 p.m. ET.
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