Week Ending February 11, 2023: $151.01 -($3.49) -(1.55%)
Feb 10, 2023 13:31:18 GMT -8
Ted and hledgard like this
Post by Dave on Feb 10, 2023 13:31:18 GMT -8
What to Expect in the Markets Next Week
Events Calendar:
Monday, February 13, 2023
Cadence Design Systems (CDNS), Arista Networks (ANET), Eversource Energy (ES), Arch Capital Group Ltd. (ACGL), FirstEnergy Corp. (FE), SolarEdge Technologies (SEDG), Palantir Technologies (PLTR), and Avis Budget Group (CAR) report earnings
Consumer Inflation Expectations (Jan)
Tuesday, February 14, 2023
Coca-Cola Company (KO), Zoetis Inc. (ZTS), Airbnb (ABNB), Marriott International (MAR), Suncor Energy (SU), Ecolab Inc. (ECL), TC Energy Corp. (TRP), Devon Energy (DVN), Exelon Corp. (EXC), GlobalFoundries Inc. (GFS), Nu Holdings (NU), and Restaurant Brands International (QSR) report earnings
NFIB Business Optimism Index (Jan)
CPI Inflation Rate (Jan)
Wednesday, February 15, 2023
Cisco Systems (CSCO), Analog Devices Inc. (ADI), Equinix Inc. (EQIX), Shopify Inc. (SHOP), Southern Copper Corporation (SCCO), Synopsys Inc. (SNPS), American International Group (AIG), The Kraft Heinz Company (KHC), and Biogen Inc. (BIIB) report earnings
Retail Sales (Jan)
Retail Inventories (Dec)
Industrial Production (Jan)
NAHB Housing Market Index (Feb)
Thursday, February 16, 2023
Applied Materials Inc. (AMAT), The Southern Company (SO), Constellation Energy (CEG), DoorDash (DASH), Paramount Global (PARA), Hyatt Hotels Corporation (H), Dropbox Inc. (DBX), and Hasbro Inc. (HAS) report earnings
Building Permits (Jan)
Housing Starts (Jan)
PPI Inflation Rate (Jan)
Philadelphia Fed Manufacturing Index (Feb)
Friday, February 17, 2023
Deere & Company (D), ENI (E), NatWest Group (NWG), PPL Corporation (PPL), CenterPoint Energy Inc. (CNP), and Corebridge Financial (CRBG) report earnings
Conference Board Leading Index (Jan)
The Latest Updates on Inflation
The latest inflation reports could take center stage next week. On Tuesday, the Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) for January. Prices are projected to have risen 0.4% last month, accelerating from 0.1% in December. On an annual basis, CPI inflation likely slowed to 6.2%, down from 6.5% in December and compared to a 40-year high of 9.1% reached in June of last year. It would mark the slowest annual rate since October of 2021.
On Thursday, the BLS will issue the Producer Price Index (PPI) for January, tracking inflation from the standpoint of manufacturers and wholesalers. Producer prices likely rose 0.4% last month, rebounding from a 0.5% decline in December. On an annual basis, price growth likely decelerated to 5.4% from 6.2% in December, which would mark the smallest year-over-year gain since March of 2021.
January Retail Sales
On Wednesday, the U.S. Census Bureau will release national retail sales figures for January. Retail sales are projected to have risen 0.9% last month, rebounding from a 1.1% decline in December. On an annual basis, sales were likely up 4.5%, decelerating from 6% in December.
A strong retail sales report could signal that the U.S. consumer remains willing to spend, despite persistently high inflation and rising interest rates. The University of Michigan’s Consumer Sentiment Index (MCSI) rose to a 13-month high of 66.4 in early February, indicating rising consumer confidence. Given that consumer spending accounts for nearly 70% of U.S. GDP, a sustained rebound in spending could help the economy avoid a recession this year.
Monday, February 13, 2023
Cadence Design Systems (CDNS), Arista Networks (ANET), Eversource Energy (ES), Arch Capital Group Ltd. (ACGL), FirstEnergy Corp. (FE), SolarEdge Technologies (SEDG), Palantir Technologies (PLTR), and Avis Budget Group (CAR) report earnings
Consumer Inflation Expectations (Jan)
Tuesday, February 14, 2023
Coca-Cola Company (KO), Zoetis Inc. (ZTS), Airbnb (ABNB), Marriott International (MAR), Suncor Energy (SU), Ecolab Inc. (ECL), TC Energy Corp. (TRP), Devon Energy (DVN), Exelon Corp. (EXC), GlobalFoundries Inc. (GFS), Nu Holdings (NU), and Restaurant Brands International (QSR) report earnings
NFIB Business Optimism Index (Jan)
CPI Inflation Rate (Jan)
Wednesday, February 15, 2023
Cisco Systems (CSCO), Analog Devices Inc. (ADI), Equinix Inc. (EQIX), Shopify Inc. (SHOP), Southern Copper Corporation (SCCO), Synopsys Inc. (SNPS), American International Group (AIG), The Kraft Heinz Company (KHC), and Biogen Inc. (BIIB) report earnings
Retail Sales (Jan)
Retail Inventories (Dec)
Industrial Production (Jan)
NAHB Housing Market Index (Feb)
Thursday, February 16, 2023
Applied Materials Inc. (AMAT), The Southern Company (SO), Constellation Energy (CEG), DoorDash (DASH), Paramount Global (PARA), Hyatt Hotels Corporation (H), Dropbox Inc. (DBX), and Hasbro Inc. (HAS) report earnings
Building Permits (Jan)
Housing Starts (Jan)
PPI Inflation Rate (Jan)
Philadelphia Fed Manufacturing Index (Feb)
Friday, February 17, 2023
Deere & Company (D), ENI (E), NatWest Group (NWG), PPL Corporation (PPL), CenterPoint Energy Inc. (CNP), and Corebridge Financial (CRBG) report earnings
Conference Board Leading Index (Jan)
The Latest Updates on Inflation
The latest inflation reports could take center stage next week. On Tuesday, the Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) for January. Prices are projected to have risen 0.4% last month, accelerating from 0.1% in December. On an annual basis, CPI inflation likely slowed to 6.2%, down from 6.5% in December and compared to a 40-year high of 9.1% reached in June of last year. It would mark the slowest annual rate since October of 2021.
On Thursday, the BLS will issue the Producer Price Index (PPI) for January, tracking inflation from the standpoint of manufacturers and wholesalers. Producer prices likely rose 0.4% last month, rebounding from a 0.5% decline in December. On an annual basis, price growth likely decelerated to 5.4% from 6.2% in December, which would mark the smallest year-over-year gain since March of 2021.
January Retail Sales
On Wednesday, the U.S. Census Bureau will release national retail sales figures for January. Retail sales are projected to have risen 0.9% last month, rebounding from a 1.1% decline in December. On an annual basis, sales were likely up 4.5%, decelerating from 6% in December.
A strong retail sales report could signal that the U.S. consumer remains willing to spend, despite persistently high inflation and rising interest rates. The University of Michigan’s Consumer Sentiment Index (MCSI) rose to a 13-month high of 66.4 in early February, indicating rising consumer confidence. Given that consumer spending accounts for nearly 70% of U.S. GDP, a sustained rebound in spending could help the economy avoid a recession this year.