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The employment season continues this week, with 78 S&P 500 companies reporting their results in the fourth quarter.
Hasbro,
KKR,
Loews,
Simon Property Group,
and
Take-Two interactive software
The main events are Monday, and then
Cisco Systems,
DuPont,
and
Twitter
Tuesday.
Wednesday will bring results from
Coca-Cola,
General motors,
and
Uber Technologies.
AstraZeneca,
Duke’s Power,
Expedia Group,
Kraft Heinz,
PepsiCo,
and
Walt Disney
they all report Thursday.
Sovereignty Power
closes the week Friday.
The main view of the economy is the economic data for the week. On Wednesday, the Bureau of Labor Statistics will report on the consumer price index for January. Without volatile food and energy prices, the economist’s consensus is for a 1.5% year-over-year increase.
Other releases this week include the National Federation of Independent Businesses Small Business Optimism Index for January on Tuesday and the University of Michigan consumer sentiment index for February on Friday. Both are seen holding steady or going up slightly from previous months ’readings.
Federal Reserve spectators will also go in for comments from Chairman Jerome Powell ahead of the New York Economic Club on Wednesday.
Monday 2/8
Global Payments,
Hasbro,
KKR,
Loews,
Simon Property Group,
and Take-Two Interactive Software reporting quarterly results.
Tuesday 2/9
Global Carrier, Centene,
Cisco Systems,
DuPont,
Fidelity National Information Services,
Fiserv,
Martin Marietta Materials,
S&P Global, and
Twitter
release of employment.
The National Alliance of Independent Business releases the Small Business Optimism index for January. Consensus estimate for level 97reading, higher than the 95.9 December figure. December readings were at their lowest level since May last year. “Small businesses are worried about a possible new economic policy in the new administration and greater distribution of Covid-19” according to NFIB chief economist Bill Dunkelberg.
Labor Bureau Statistics release Job Openings and Labor Turnover Survey for December. 6.6 million job openings are expected on the last business day of December, compared to 6.5 million in November.
Wednesday 2/10
Bureau of Labor Statistics releases consumer price index for January. Economists are forecasting a 1.5% year-over-year increase for both CPI and core CPI, which keeps food and energy prices volatile.
Cerner,
CME Group,
Coca-Cola,
Equinix,
General motors,
MGM International Resorts,
Automotive O’Reilly,
and
Uber Technologies
announce quarterly results.
Federal Reserve Chairman Jerome Powell will speak via telephone conference at the New York Economic Club.
Philip Morris International
holds its significant 2021 investment day.
Newmont, the world’s largest gold producer, will hold a conference call to discuss the exploration of new mines. The company also updates investors about its holdings.
Thursday 2/11
AstraZeneca,
BorgWarner,
DaVita,
Duke Power,
Expedia Group,
Illumina,
Kellogg, Kraft Heinz,
American Corp. Laboratory,
Drink Molson Coors,
PepsiCo,
Amar Corp.
,
Tyson Food,
and Walt Disney reporting quarterly results.
PayPal
hosting its 2021 investment day.
Department of Labor accounts for initial jobless claims for the week ending February 6. Unemployment claims have averaged 835,000 per week in January, the December equivalent, and an increase of nearly 100,000 in the year. the week from November. Much of the increase comes from business closure due to the still elevated level of Covid-19 cases.
Friday 2/12
Sovereignty Power,
Enbridge, and Moody’s will hold conference calls to discuss quarterly results.
University of Michigan releasing the consumer sentiment index for February. A consensus estimate for reading is 79.5, roughly even with January data.
Write to Nicholas Jasinski at [email protected]