Inflation Data and Quarterly Results to Keep Investors Busy

This week, investors will have their hands full with a series of events that will impact the market. The highlights include the release of quarterly results by around 100 S&P 500 companies and the annual revisions to the consumer price index (CPI).

Quarterly Results Roundup

Monday kicks off with a flurry of quarterly results from major players such as Caterpillar, McDonald’s, Simon Property Group, and Tyson Foods. On Tuesday, investors can expect to hear from BP, Chipotle Mexican Grill, Eli Lilly, Ford Motor, and Spotify Technology. Wednesday brings us reports from Alibaba Group Holding, CVS Health, PayPal Holdings, Uber Technologies, and Walt Disney. Thursday features ConocoPhillips, Expedia Group, FirstEnergy, and Take-Two Interactive Software. Finally, on Friday, Enbridge and PepsiCo will close out the week.

Key Economic Data

On Monday, the Institute for Supply Management (ISM) will release its Services Purchasing Managers’ Index (PMI) for January. Economists predict a slight rise from December’s reading, indicating continued expansion in the services sector.

However, the real economic data highlight of the week will be Friday’s release of the annual revisions to the consumer price index by the Bureau of Labor Statistics. These revisions have the potential to significantly impact the inflation data of the previous five years, which could have consequences for Federal Reserve policy.

Key Events on Monday (2/5)

  • Air Products and Chemicals
  • Caterpillar
  • Estée Lauder
  • Idexx Laboratories
  • McDonald’s
  • NXP Semiconductors
  • ON Semiconductor
  • Simon Property Group
  • Tyson Foods
  • Vertex Pharmaceuticals

The Institute for Supply Management will also release its Services PMI for January. The consensus estimate is a reading of 52, slightly higher than December’s 50.6. The Services PMI has consistently remained above the expansionary level of 50 for the past 12 readings.

As investors gear up for an eventful week, all eyes will be on these key releases and reports, which have the potential to shape market trends and investor sentiment. Stay tuned for updates and insights as the week unfolds.

Tuesday 2/6

Companies Reporting Earnings

Several major companies are set to release their quarterly earnings reports on Tuesday, February 6. These include:

  • Amgen
  • BP
  • Carrier Global
  • Centene
  • Chipotle Mexican Grill
  • Cummins
  • DuPont
  • Eli Lilly
  • Enphase Energy
  • Fiserv
  • Ford Motor
  • Fortinet
  • Gartner
  • GE HealthCare Technologies
  • Gilead Sciences
  • Jacobs Solution
  • KKR
  • Linde
  • Omnicom Group
  • Prudential Financial
  • Spotify Technology
  • Toyota Motor
  • UBS Group
  • V.F.Corp

Wednesday 2/7

Companies Announcing Quarterly Results

On Wednesday, February 7, several notable companies will be announcing their quarterly earnings. These include:

  • Alibaba Group Holding
  • Allstate
  • Arm Holdings
  • CVS Health
  • Emerson Electric
  • Equifax
  • Hilton Worldwide Holdings
  • McKesson
  • Monolithic Power Systems
  • O’Reilly Automotive
  • PayPal Holdings
  • Uber Technologies
  • Walt Disney
  • Wynn Resorts
  • Yum! Brands

Thursday 2/8

Companies Releasing Earnings

On Thursday, February 8, the following companies will be releasing their earnings reports:

  • Apollo Global Management
  • Ares Asset Management
  • AstraZeneca
  • Brookfield
  • ConocoPhillips
  • DexCom
  • Duke Energy
  • Expedia Group
  • FirstEnergy
  • Hershey
  • Honda Motor
  • Illumina
  • Intercontinental Exchange
  • Interpublic Group
  • Kenvue
  • Motorola Solutions
  • Philip Morris International
  • S&P Global
  • T. Rowe Price Group
  • Take-Two Interactive Software
  • Thomson Reuters
  • TransDigm Group
  • Unilever

Conference Calls and Other Releases

Enbridge and PepsiCo will be holding conference calls to discuss their quarterly results. Additionally, the Bureau of Labor Statistics will be releasing its annual revisions to the consumer price index. These revisions have the potential to impact data from the previous five years. Federal Reserve Gov. Christopher Waller has recently emphasized the importance of these revisions in providing a more comprehensive understanding of progress made in the fight against inflation.

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