A flurry of retail and tech earnings reports, the Federal Reserve’s preferred inflation measure, and changes to the Dow Jones Industrial Average’s membership will take center stage this week.
Monday
Before the market opens, Amazon.com will replace Walgreens Boots Alliance as one of the 30 members of the Dow Jones Industrial Average. Earnings to watch on Monday include updates from Zoom Video Communications, Workday, and Domino’s Pizza.
Tuesday
American Tower, eBay, Monster Beverage, Macy’s, Lowe’s, First Solar, Beyond Meat, and Urban Outfitters will be reporting on Tuesday.
Wednesday
Keep an eye on reports from Salesforce, TJX Companies, Snowflake, Baidu, Paramount Global, and C3.ai on Wednesday.
Thursday
Anheuser-Busch Inbev, Best Buy, Six Flags Entertainment, and Sweetgreen will share their updates on Thursday. The economic highlight of the week will be the Bureau of Economic Analysis’ personal-consumption expenditures index for January, especially the core PCE which is expected to show a year-over-year gain of 2.8%.
Friday
Closing out the week, Plug Power and fuboTV will be providing their weekly updates.
Economic Data Highlights
Other crucial economic data to watch out for this week include the Census Bureau’s new home sales data on Monday, S&P CoreLogic’s Case-Shiller Home Price Indices on Tuesday, and the Bureau of Economic Analysis’ second estimate of fourth-quarter gross domestic product on Wednesday.
Market Highlights This Week
Dow Jones Index Updates
The Dow Jones Industrial Average will see a new lineup starting this week. Amazon.com is set to join the index of 30 stocks, while Walgreens Boots Alliance will be exiting.
Companies Reporting Earnings
Expectations are high as Zoom Video Communications, Workday, Domino’s Pizza, and other major companies are gearing up to release their latest results. Keep an eye on stocks like Li Auto, Unity Software, and Freshpet for potential market movements.
Housing Market Insights
Stay informed with the latest data from the U.S. Census Bureau on sales of new single-family homes in January. Economists predict a rise in the seasonally adjusted annual rate compared to December’s numbers.
Tuesday, 2/27
Upcoming Earnings Reports
A flurry of earnings reports is scheduled for Tuesday, featuring companies such as eBay, NextDoor, and American Tower. Keep track of performance updates from brands like Macy’s, iRobot, and Lowe’s for insights into market trends.
Home Price Indices Update
Watch out for the release of the S&P CoreLogic Case-Shiller Home Price Indices for December. Analysts project a significant year-over-year increase in home prices across major metropolitan areas, signaling potential growth opportunities.
Wednesday, 2/28
Stay tuned for more market updates in the days ahead as key players in various sectors unveil their latest financial results and industry insights.
Upcoming Earnings Reports and Economic Data Releases
Salesforce, TJX Cos., Snowflake, Baidu, Paramount Global, C3.ai, Okta, Hewlett Packard Enterprise, Warby Parker, Novavax, Liberty Media, Pure Storage, Duolingo, Advance Auto Parts, AMC Entertainment, WW International, and HPInc. are scheduled to report results.
Thursday, 2/29
Anheuser-Busch Inbev, Toronto Dominion Bank, NetEase, Dell Technologies, NetApp, Autodesk, Zscaler, Best Buy, Polestar Automotive, UTZ Brands, and more will be holding conference calls to discuss earnings.
The Bureau of Economic Analysis will release its second of three estimates for fourth-quarter gross domestic product. Economists forecast a revision from the original estimate of 3.3% to 2.8%.
The Bureau will also release the personal-consumption expenditures index for January. The consensus estimate indicates an expected rise of 2.4% in PCE year over year and 2.8% in the core measure.
Friday, 3/1
Plug Power and fuboTV will be reporting their results.
Keep an eye out for the latest updates in the market.