Earning season continues this week, as 78 S&P 500 companies report their fourth-quarter results. Hasbro, KKR, Loews, Simon Property Group, and Take-Two Interactive Software are Monday’s highlights, followed by Cisco Systems, DuPont, and Twitter on Tuesday.
Wednesday will bring results from Coca-Cola, General Motors, and Uber Technologies. AstraZeneca, Duke Energy, Expedia Group, Kraft Heinz, PepsiCo, and Walt Disney all report on Thursday. Dominion Energy closes the week on Friday.
The economic-data highlight of the week will be a key inflation measure. On Wednesday, the Bureau of Labor Statistics reports the consumer price index for January. Excluding volatile food and energy prices, the economist consensus is for a 1.5% year-over-year increase.
Other releases this week include the National Federation of Independent Business’ Small Business Optimism Index for January on Tuesday and the University of Michigan’s Consumer Sentiment index for February on Friday. Both are seen holding steady or edging up slightly from the prior months’ readings.
Federal Reserve watchers will also be tuning in to remarks from Chair Jerome Powell before the Economic Club of New York on Wednesday.
Monday 2/8
Global Payments, Hasbro, KKR, Loews, Simon Property Group, and Take-Two Interactive Software report quarterly results.
Tuesday 2/9
Carrier Global, Centene, Cisco Systems, DuPont, Fidelity National Information Services, Fiserv, Martin Marietta Materials, S&P Global, and Twitter release earnings.
The National Federation of Independent Business releases its Small Business Optimism Index for January. Consensus estimate is for a 97reading, higher than December’s 95.9 figure. The December reading was the lowest since last May. “Small businesses are concerned about potential new economic policy in the new administration and the increased spread of Covid-19” according to NFIB chief economist Bill Dunkelberg.
The Bureau of Labor Statistics releases its Job Openings and Labor Turnover Survey for December. Expectations are for 6.6 million job openings on the last business day of December, compared with 6.5 million in November.
Wednesday 2/10
The Bureau of Labor Statistics releases the consumer price index for January. Economists forecast a 1.5% year-over-year rise for both the CPI and core CPI, which excludes volatile food and energy prices.
Cerner, CME Group, Coca-Cola, Equinix, General Motors, MGM Resorts International, O’Reilly Automotive, and Uber Technologies announce quarterly results.
Federal Reserve Chairman Jerome Powell speaks via teleconference at the Economic Club of New York.
Philip Morris International holds its 2021 virtual investor day.
Newmont, the world’s largest gold producer, hosts a conference call to discuss the exploration of new mines. The firm will also update investors on its reserves.
Thursday 2/11
AstraZeneca, BorgWarner, DaVita, Duke Energy, Expedia Group, Illumina, Kellogg, Kraft Heinz, Laboratory Corp. of America Holdings, Molson Coors Beverage, PepsiCo, Pool Corp. , Tyson Foods, and Walt Disney report quarterly results.
PayPal Holdings hosts its 2021 investor day.
The Department of Labor reports initial jobless claims for the week ending on Feb. 6. Jobless claims have averaged 835,000 a week in January, equal to December, and an increase of nearly 100,000 a week from November. Much of the increase stems from business closures resulting from the still-elevated level of Covid-19 cases.
Friday 2/12
Dominion Energy, Enbridge, and Moody’s hold conference calls to discuss quarterly results.
The University of Michigan releases its Consumer Sentiment index for February. Consensus estimate is for a 79.5 reading, roughly even with the January data.
Write to Nicholas Jasinski at nicholas.jasinski@barrons.com
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February 08, 2021 at 10:50AM
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Twitter, General Motors, Uber, Walt Disney, and Other Stocks to Watch This Week - Barron's
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