Tweaks to previously published inflation data and a flood of fourth-quarter results will keep investors busy this week. Around 100
S&P 500
companies are scheduled to report.
Caterpillar,
McDonald’s
,
Simon Property Group,
and
Tyson Foods
release quarterly results on Monday, followed by
BP,
Chipotle Mexican Grill,
Eli Lilly,
Ford Motor,
and
Spotify Technology
on Tuesday.
Alibaba
Group Holding,
CVS Health,
PayPal
Holdings,
Uber Technologies,
and Walt
Disney
report on Wednesday.
ConocoPhillips,
Expedia Group,
FirstEnergy,
and
Take-Two Interactive Software
will go on Thursday, then
Enbridge
and
PepsiCo
close the week on Friday.
On Monday, the Institute for Supply Management will release its Services Purchasing Managers’ Index for January. Economists expect a slight rise from December, for the reading to remain in expansion territory.
The economic data highlight of the week will be Friday’s release of annual revisions to the consumer price index by the Bureau of Labor Statistics. Those could affect the previous five years of inflation data and may have implications for Federal Reserve policy.
Monday 2/5
Air Products and Chemicals,
Caterpillar,
Estée Lauder,
Idexx Laboratories,
McDonald’s,
NXP Semiconductors,
ON Semiconductor,
Simon Property Group,
Tyson Foods,
and
Vertex Pharmaceuticals
release quarterly results.
The Institute for Supply Management releases its Services Purchasing Managers’ Index for January. Consensus estimate is for a 52 reading, slightly higher than December’s 50.6. The Services
PMI
has had 12 consecutive readings above the expansionary level of 50.
Tuesday 2/6
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, and
V.F.Corp
, report earnings.
Wednesday 2/7
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,
and
Yum! Brands
announce quarterly results.
Thursday 2/8
Apollo Global Management,
Ares 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,
and
Unilever
release earnings.
Friday 2/9
Enbridge and
PepsiCo
hold conference calls to discuss quarterly results.
The Bureau of Labor Statistics releases its annual revisions to the consumer price index. The revisions can affect the previous five years of data. Federal Reserve Gov. Christopher Waller recently highlighted the importance of the revisions in giving a fuller picture of the progress made so far in the fight against inflation.
—Dan Lam contributed to this article
Write to Nicholas Jasinski at [email protected]
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