Here are the 2 big things we're watching in the stock market in the week ahead

First-quarter earnings season is winding down, but one Club name is set to report this week and several pieces of important economic data are on deck. Let's take a closer look. 1. Earnings: Qnity Electronics is our only stock on the earnings calendar, with results due out before the open Tuesday morning. Analysts expect Qnity to report earnings of 92 cents per share on revenue of $1.27 billion. Spun off from DuPont last year, Qnity is a picks-and-shovels play for the data center buildout, supplying a number of specialized materials and products used to make and package semiconductors. Given all we've heard this earnings season about the demand for AI computing power, we feel good about the numbers Qnity is set to report. No matter where the demand is — be it for central processing units (CPUs), Nvidia's graphics processing units (GPUs), or memory chips — it all bodes well for Qnity. The one area where we're prepared to see some weakness is in consumer electronics, where demand could take a hit due to the rapid rise in memory prices. When Qnity reported fourth-quarter numbers earlier this year, management detailed a multiyear transformation plan intended to simplify operations, enhance productivity, and cut costs, leading to a $100 million boost to its EBITDA (earnings before interest, taxes, depreciation, and amortization) run rate by the end of 2028. …