The week ahead will see earnings reports continue to pour in as investors work their way through the bulk of the reporting season. The list of heavyweights due to report includes McDonald’s (NYSE:MCD) (analysis), Caterpillar (CAT) (analysis), Alibaba (BABA) (analysis), Philip Morris (NYSE:PM) (preview), and PepsiCo (NASDAQ:PEP) (analysis). Federal Reserve members will also be back out on the speaking circuit following last week’s FOMC meeting.
Meanwhile, some of the key economic events to watch include the release of the Fed’s Senior Loan Officer Opinion Survey on bank lending practices and updates on consumer credit, the trade gap, and PMI. A bit of an economic wildcard will be the release of CPI seasonal factors on February 9, which could lead to slight revisions to seasonally adjusted inflation data. Historically, the month of February is a relatively flat month for the S&P 500 and Nasdaq 100 indices, while the Dow Jones Industrial Average has posted negative returns on average and the Russell 2000 Index has posted gains.
Earnings spotlight: Monday, February 5 – McDonald’s (MCD), Caterpillar (CAT), Vertex Pharmaceuticals (VRTX), Tyson Foods (TSN), NXP Semiconductors (NXPI), and Estee Lauder (EL).
Earnings spotlight: Tuesday, February 6 – Eli Lilly (LLY), Toyota Motor (TM), Centene (CNC), Amgen (AMGN), Ford Motor (F), and BP (BP). See the full earnings calendar.
Earnings spotlight: Wednesday, February 7 – Alibaba (BABA), CVS Health (CVS), Fox Corporation (FOXA), McKesson (MCK), Disney (DIS), Uber Technologies (NYSE:UBER), and PayPal (PYPL). See the full earnings calendar.
Earnings spotlight: Thursday, February 8 – ConocoPhillips (COP), Philip Morris (PM), Duke Energy (DUK), Expedia (EXPE), Take-Two Interactive (TTWO), Pinterest (PINS), and Kenvue (KVUE). See the full earnings calendar.
Earnings spotlight: Friday, February 9 – PepsiCo (PEP), Newell Brands (NWL), and AMC Networks (AMCX). See the full earnings calendar.
Volatility watch: Options trading volume and short interest are still high on B. Riley Financial (RILY). The most overbought stocks per their 14-day relative strength index include Selina Hospitality (SLNA), RayzeBio (RYZB), and Vera Therapeutics (VERA). The most oversold stocks per their 14-day Relative Strength Index include L Catterton Asia Acquisition (LCAA), Chenghe Acquisition (CHEA), and iRobot (IRBT).
IPO watch: Specialty insurer Fortegra Group (TFG) and blockchain technology firm Trident Digital Tech (TDTH) are expected to start trading next week. Analyst quiet periods expire on Silynxcom (SYNX), Smith Douglas Homes (SDHC), and Roma Green Finance (ROMA). Blocks of shares of Fitell (FTEL), Asset Entities (ASST), and NeurAxis (NRXS) are due to roll off their IPO lockup period. Amer Sports (AS) will be on watch after rallying off its IPO pricing level on the first two days of trading.
Investor events: The World Defense Show will take place in Saudi Arabia. Companies scheduled to participate include General Dynamics (GD), BAE Systems (OTCPK:BAESF), Lockheed Martin (LMT), Airbus (OTCPK:EADSF), Boeing (BA), Northrop Grumman (NOC), and L3Harris (LHX). As part of its presence, Boeing (BA) will present a virtual-reality display of the F-15EX cockpit. On February 6, BigBear.ai (BBAI) will host an investor presentation that will include updates on the company’s planned acquisition of Pangiam. F5 (NASDAQ:FFIV) will host a strategy and product session for investors and financial analysts on February 8 in connection with F5’s premier application security and delivery conference called AppWorld.
