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The fourth quarter earnings season continues this week with results of 62
S&P 500
companies and dozens of other small and mid caps.
Western Oil
,
Network of dishes
,
and Discovery are among the highlights of Monday, followed by
Home deposit
and Square on Tuesday.
Nvidia
,
Lowe’s
,
TJX Cos.
,
L Brands, and
ViacomCBS
report Wednesday.
Thursday will be busy:
Airbnb
,
Anheuser-Busch InBev
,
Best buy
,
Carvana
,
Dell Technologies
,
Domino’s Pizza
,
Etsy
,
HP
,
Moderna
,
and
Salesforce.com
all report. Ultimately,
DraftKings
and
Freedom media
close the week on Friday.
Economic data released this week includes the Conference Board’s Leading Economic Index for January Monday and the Bureau of Economic Analysis’s personal income and spending for January Friday.
There will also be a pair of notable housing market indicators: Census Bureau new home sales for January on Wednesday and the National Association of Realtors’ pending home sales index for January on Thursday.
Monday 22/02
Cadence Design Systems
,
Ingersoll Rand,
ASB communication
,
and
Williams
Cos. reports quarterly results.
The conference council publishes its leading economic index for January. The consensus estimate is for a 0.3% month-over-month increase, matching December’s gain. The index has risen every month since last April, but the growth rate has slowed markedly in the final months of 2020.
The Federal Reserve Bank of Dallas is releasing its Texas Manufacturing Outlook Survey for February. The consensus estimate is for a reading of 10, above the January figure of seven. Any number greater than zero indicates that the region’s manufacturing sector is growing.
Tuesday 23/02
Bank of Montreal
,
Bank of Nova Scotia
,
CBRE Group
,
Home deposit,
Intuit
,
Medtronic
,
Pioneer of natural resources
,
and Square declare the profits.
Apple, the world’s largest company by market capitalization, virtually holds its annual meeting of shareholders.
Wednesday 24/02
Lowe’s
,
NetApp
,
Nvidia
,
TJX Cos.
,
and
ViacomCBS
announce quarterly results.
The census office reports new home sales for January. Expectations are for a seasonally adjusted annual rate of 850,000 homes sold, slightly above December’s figure. New home sales, although still strong, have surpassed their post-financial crisis peak of nearly $ 1 million set last July.
Thursday 25/02
Accommodation site Airbnb is releasing its fourth quarter and full year 2020 results. The company’s shares have nearly tripled since it went public in December and are valued at more than the top five US hotel brands combined.
American Tower,
Anheuser-Busch InBev
,
Autodesk
,
Best buy
,
Canadian Imperial Bank of Commerce
,
Carvana
,
Dell Technologies
,
Etsy
,
HP Inc.
,
Moderna
,
NRG Energy
,
Salesforce.com
,
Toronto-Dominion Bank
,
VMware and Workday report their income.
The Office of the Economy Analysis reports its second estimate of the fourth quarter gross domestic product. Economists forecast a seasonally adjusted annual growth rate of 4%, unchanged from the advanced estimate released in late January.
The national association of Realtors releases its January Pending Home Sales Index. The consensus estimate is for a 1.5% month-over-month decline. Pending home sales have fallen for four consecutive months.
Friday 02/26
DraftKings
,
EOG Resources
,
Freedom media, and Public Enterprise Group are hosting conference calls to discuss quarterly results.
BEA reports personal income and expenses for January. Expectations are for a 9.9% monthly gain in revenue, after rising 0.6% in December. Consumption is up 2.3%, after declining 0.2% previously.
Write to Nicholas Jasinski at [email protected]
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