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What to expect in the week ahead (ABNB, NVDA, SHOP, WMT)

Moomoo Breakfast USwrote a column02/14/2022 09:09
What to expect in the week ahead (ABNB, NVDA, SHOP, WMT)
Weekly market recap
Stock futures dipped slightly Sunday evening as investors continued to monitor the developing tension between Ukraine and Russia and potential Fed rate hikes.

The moves follow a rocky week for stocks, which were pressured by a hot inflation report and fears of a Russian attack on Ukraine. The Dow and S&P 500 fell 1% and 1.8%, respectively, for the week. The tech-heavy Nasdaq Composite slid more than 2%.
The Labor Department reported last week that inflation in January surged 7.5%, its biggest gain since 1982. Rate-sensitive tech stocks were hit hard by the report, which briefly sent the 10-year Treasury yield above 2% — the first time since 2019 that the 10-year traded above that level.
What to expect in the week ahead (ABNB, NVDA, SHOP, WMT)
Here's a look at the return of S&P 500 sectors
What to expect in the week ahead (ABNB, NVDA, SHOP, WMT)
The week ahead in focus
It's another busy week of fourth-quarter earnings reports, with close to 60 S&P 500 components scheduled to present to investors. $Advance Auto Parts(AAP.US)$ and $Vornado Realty Trust(VNO.US)$ will get things started on Monday, followed by $Airbnb(ABNB.US)$, $Marriott International(MAR.US)$, and $Roblox(RBLX.US)$ on Tuesday.
Wednesday's highlights will include $Cisco Systems, Inc.(04333.HK)$, $The Kraft Heinz(KHC.US)$, $NVIDIA(NVDA.US)$, and $Shopify(SHOP.US)$. $Walmart(WMT.US)$ releases earnings on Thursday and$Deere(DE.US)$ closes the week on Friday.
What to expect in the week ahead (ABNB, NVDA, SHOP, WMT)
Economic data out this week includes the Bureau of Labor Statistics' producer price index for January on Tuesday. That measure of wholesale inflation is seen soaring 9.3% year over year, after a 9.7% jump in December.
The Census Bureau will report U.S. retail spending data for January on Wednesday, followed by new residential construction data for January on Thursday. Finally, the Conference Board releases its Leading Economic Index for January on Friday.
What to expect in the week ahead (ABNB, NVDA, SHOP, WMT)
Monday 2/14
Advance Auto Parts, Arista Networks, Avis Budget Group, and Vornado Realty Trust report quarterly results.
Tuesday 2/15
$Devon Energy(DVN.US)$, the best-performing stock in the S&P 500 index last year, reports results after the close. The energy sector is already up 26% this year, beating the S&P 500 by more than 33 percentage points.
The Bureau of Labor Statistics reports the producer price index for January. Consensus estimate is for a 9.3% year-over-year jump, after a 9.7% spike in December. The core PPI, which excludes volatile food and energy prices, is expected to rise 8%, compared with a 8.3% gain previously.
Wednesday 2/16
The National Association of Home Builders releases its Housing Market Index for February. Economists forecast a 83 reading, about even with the January data. Home builders remain quite bullish on the near-term prospects of the housing market, despite rising mortgage rates and supply constraints.
The Census Bureau reports retail spending data for January. Expectations are for a 1.9% monthly increase, after a 1.9% decline in December. Excluding autos, retail sales are seen rising 1% compared to a 2.3% drop in December. Some economists speculated that the disappointing December spending data were a result of holiday shopping being pulled forward due to the well-publicized supply shortages.
Thursday 2/17
Intel hosts a conference call to discuss its business strategy. Pat Gelsinger, CEO of the fallen chip giant, will address investors' questions and concerns.
The Census Bureau releases new residential construction data for January. Consensus estimate is for a seasonally adjusted annual rate of 1.7 million housing starts, roughly even with December.
Friday 2/18
$Deere(DE.US)$, which recently saw its shares hit a record high, holds a conference call to discuss first-quarter fiscal-2022 results.
The Conference Board releases its Leading Economic Index for January. Economists forecast a 1% monthly increase, following a 0.8% gain in December.
Source: CNBC, jhinvestments, Dow Jones Newswires
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