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A high-risk inflation report and other fourth-quarter results will be the highlights this week. Approximately 60 S&P 500 companies are expected to be reported.
Airbnb
,
Coca Cola
,
AND
Marriott International
will present to shareholders on Tuesday, followed by
Biogenic
,
Cisco systems
,
KraftHeinz
,
AND
Shopify
on Wednesday.
Applied materials
,
Door Dash
,
Hasbro
,
AND
Global Paramount
will report on Thursday, then
Deere
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 is up 0.5% for the month and 6.2% year over year. The core CPI, which excludes food and energy components, is seen up 0.3% in January and 5.4% from a year ago.
The BLS will also report January’s producer price index 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
,
Cadence design systems
,
and SolarEdge Technologies report quarterly results.
Tuesday 2/14
Airbnb, Coca-Cola,
Devon Energy
,
Ecolab
,
Exelon
,
Global Foundries
,
Marriott International e
Zoetis
announce earnings.
The National Federation of Independent Business releases Small Business Optimism Index for January. The consensus estimate is for a reading of 90, roughly equal to December’s. The index had 12 consecutive monthly readings below the 49-year average of 98, as inflation remains top-ranked for small business owners.
The Labor Office Statistics releases consumer price index for January. Economists expect the CPI to rise 6.2%, year over year, three tenths of a percentage point less than in December. The core CPI, which excludes food and energy price volatility, is expected to come in at 5.4%, down from 5.7%.
Wednesday 15/2
Albemarle,
American international group
,
Analog Devices
,
Barrick Gold
,
Biogen, Cisco Systems, Energy Transfer, Equinix,
Loyalty National Information Services
,
Kraft Heinz, Martin Marietta Materials, Shopify e
Synopsis
announce quarterly results.
The National Association of Home Builders releases its housing market index for February. Expectations are for a reading of 35, even with that of January. The index is above its recent low in December, ending a streak of 12 consecutive monthly declines, but homebuilder sentiment remains gloomy.
The Census Bureau retail sales reports for january. The consensus expectation is that retail spending increased 1.4%, month over month. Excluding cars, spending is expected to increase by 0.7%. Both figures decreased by 1.1% in December.
Thursday 16/2
The Bureau of Labor Statistics publishes the producer price index for January. The consensus call is for PPI to rise 5.4%, year-over-year, and core PPI to rise 4.9%. That compares with gains of 6.2% and 5.5%, respectively, in December.
Applied materials,
Constellation energy
,
Trust of digital reality
,
DoorDash, Hasbro, Laboratory Corp of America Holdings, Paramount Global e
Southern
Co.
hold conference calls to discuss earnings.
The Census Bureau reports housing construction statistics for January. Expectations are for a seasonally adjusted annual rate of 1.37 million new homes, slightly lower than the December figure.
Friday 2/5pm
Deere Reports Fiscal 2023 First Quarter Results.
The conference council releases its Leading Economic Index for January. Economists are forecasting a decline of 0.3% month over month. The index fell for nine consecutive months. The trajectory of the LEI signals a recession over the next 12 months, according to the Conference Board.
Write to Nicholas Jasinski at [email protected]
