What to Expect in the Week Ahead (CPI Data; KO, SHOP and ROKU Earnings)
A high-stakes inflation report and more fourth-quarter results will be this week's highlights. About 60 S&P 500 companies are scheduled to report.
$Airbnb(ABNB.US$, $Coca-Cola(KO.US$, and $Marriott International(MAR.US$ will present to shareholders on Tuesday, followed by $Biogen(BIIB.US$, $Cisco(CSCO.US$, $The Kraft Heinz(KHC.US$, and $Shopify(SHOP.US$ on Wednesday. $Applied Materials(AMAT.US$, $DoorDash(DASH.US$, $Hasbro(HAS.US$, and $Paramount Global-B(PARA.US$ will report on Thursday, then $Deere(DE.US$ closes the week on Friday.
The key event on the economic-data calendar will be Tuesday's consumer price index for January from the Bureau of Labor Statistics. The consensus forecast is that the CPI increased 0.4% in the month and 6.2% year over year. The core CPI, which excludes food and energy components, is seen rising 0.3% in January and 5.4% from a year ago.
The BLS will also report the producer price index for January on Thursday. Other releases this week include the National Federation of Independent Business' Small Business Optimism Index for January on Tuesday, the Census Bureau's retail sales for January on Wednesday, and the Conference Board's Leading Economic Index for January on Friday.
Monday 2/13
$Arista Networks(ANET.US$, $Palantir(PLTR.US$, $Cadence Design Systems(CDNS.US$, and $SolarEdge Technologies(SEDG.US$ report quarterly results.
Tuesday 2/14
$Airbnb(ABNB.US$, $Coca-Cola(KO.US$, $Devon Energy(DVN.US$, $Ecolab(ECL.US$, $GlobalFoundries(GFS.US$, $Marriott International(MAR.US$, and $Zoetis(ZTS.US$ announce earnings.
The National Federation of Independent Business releases the Small Business Optimism Index for January. Consensus estimate is for a 90 reading, roughly even with December's. The index has had 12 consecutive monthly readings below the 49-year average of 98, as inflation remains top of mind for small-business owners.
The Bureau of Labor Statistics releases the consumer price index for January. Economists forecast that the CPI will increase 6.2%, year over year, three-tenths of a percentage point less than in December. The core CPI, which excludes volatile food and energy prices, is seen coming in at 5.4%, down from 5.7%.
Wednesday 2/15
$Albemarle(ALB.US$, $American International Group(AIG.US$, $Analog Devices(ADI.US$, $Biogen(BIIB.US$, $Cisco(CSCO.US$, $Energy Transfer(ET.US$, $Roku Inc(ROKU.US$, $Fidelity National Information Services(FIS.US$, $The Kraft Heinz(KHC.US$, $Shopify(SHOP.US$, and $Synopsys(SNPS.US$ announce quarterly results.
The National Association of Home Builders releases its Housing Market Index for February. Expectations are for a 36 reading. The index is above its recent trough from December, ending a streak of 12 consecutive monthly declines, but home-builder sentiment remains dour.
The Census Bureau reports on retail sales for January. The consensus expectation is that retail spending increased 1.7%, month over month.
Thursday 2/16
$Applied Materials(AMAT.US$, $Constellation Energy(CEG.US$, $DoorDash(DASH.US$, $Hasbro(HAS.US$, $Laboratory Corp of America(LH.US$, $Paramount Global-B(PARA.US$, and $Southern(SO.US$ hold conference calls to discuss earnings.
The Bureau of Labor Statistics releases the producer price index for January. The consensus call is for the PPI to increase 5.4%, year over year, and the core PPI to rise 4.9%. This compares with gains of 6.2% and 5.5%, respectively, in December.
The Census Bureau reports residential construction statistics for January. Expectations are for a seasonally adjusted annual rate of 1.35 million housing starts, slightly lower than the December figure.
Friday 2/17
$Deere(DE.US$ reports first-quarter fiscal-2023 results.
The Conference Board releases its Leading Economic Index for January. Economists forecast a 0.4% month-over-month decline. The index has fallen for nine straight months. The trajectory of the LEI signals a recession in the next 12 months, according to the Conference Board.
Sectors Performance
Source: Finviz, Dow Jones Newswires, Market Watch
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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