Disney, Chipotle, Pfizer, Twitter, and Other Stocks to Watch This Week
Feb 07, 2022
The week's economic data highlight will be the Bureau of Labor Statistics consumer price index for January on Thursday. Economist consensus calls for a 7.3% year-over-year rate of inflation, following a 7% rise in December. That would again be the highest reading since 1981.
Among the other statistics released this week are two sentiment surveys: The National Federation of Independent Business will issue its January Small Business Optimism Index on Tuesday, and the University of Michigan will release its February Consumer Sentiment Survey on Friday.
Monday 2/7
Amgen, Hasbro, Principal Financial Group, Simon Property Group, Take-Two Interactive Software, Tyson Foods, and Zimmer Biomet Holdings all release quarterly results.
Consumer credit figures for December are released by the Federal Reserve. Consumer credit is predicted to expand at a seasonally adjusted annual pace of 4.3 percent in December, following an 11% spike in November. After a minor decline in 2020 as a result of pandemic-induced lockdowns, overall consumer debt has resumed its long-term increasing trend and is now $4.41 trillion.
Tuesday 2/8
BP, Carrier Global, Centene, Chipotle Mexican Grill, DuPont, Enphase Energy, Fiserv, Gartner, Incyte, KKR, Lyft, Pfizer, S&P Global, Sysco, and TransDigm Group release earnings.
The National Federation of Independent Businesses has released its January Small Business Optimism Index. The consensus forecast is for a reading of 98, barely below the December level.
Wednesday 2/9
Walt Disney Company publishes its fiscal 2022 first-quarter results. The entertainment behemoth's stock has been down 8% this year and 20% since September when CEO Bob Chapek cautioned about Disney+'s slower growth.
CME Group, CVS Health, Equifax, GlaxoSmithKline, Honda Motor, MGM Resorts International, Motorola Solutions, O'Reilly Automotive, Toyota Motor, and Yum! Brands all release quarterly earnings reports.
Thursday 2/10
AstraZeneca, Brookfield Asset Management, Coca-Cola, DaVita, Duke Energy, Expedia Group, Global Payments, Illumina, Interpublic Group, Kellogg, Laboratory Corporation of America Holdings, Linde, Martin Marietta Materials, Moody's, PepsiCo, Philip Morris International, and Twitter host quarterly earnings conference calls.
The Bureau of Labor Statistics releases the January consumer price index. Economists predict a 7.3 percent year-over-year increase, following a 7% increase in November. The core CPI, which excludes volatile food and energy costs, is expected to increase 5.9 percent this year, up from 5.5 percent last year. Both projections would exceed recent peaks and represent the indices' greatest levels since 1982.
The Labor Department announces the first unemployment claims for the week ended February 5th. After reaching a post-pandemic low of 201,200 claims per week in December, unemployment claims increased to 255,000 in January, owing in part to the Omicron outbreak.
Friday 2/11
Enbridge, Dominion Energy, Newell Brands, and Under Armour announce earnings.
The University of Michigan has released its February Consumer Sentiment Survey. The consensus estimate is for a reading of 67.5, about in line with the January reading. Consumers' forecasts of future inflation and rising housing costs contributed to the survey's lowest reading since November 2011.