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The fourth-quarter earnings season continues this week at 99
S&P 500
company reporting.
NXP semiconductors
and Otis Worldwide start things on Monday, followed by a few big names on Tuesday: Alphabet,
Amazon.com,
Alibaba Group Holding,
Chipotle Mexican Grill,
Electronic Arts,
Exxon Mobil,
Pfizer,
and
United Colcel service
all report.
Wednesday,
AbbVie,
eBay,
PayPal Holdings,
Qualcomm,
and
Spotify technology
releases results. The most important moments of Thursday are
Activision Blizzard,
Bristol Myers Squibb,
Ford Motor,
Merck, Snap and
T-Mobile USA.
Finally, Linde,
Regeneron Pharmaceuticals,
and
Sanofi
closes the week on Friday.
The highlight of the economic data this week will be the January report of jobs on Friday from the Bureau of Labor Statistics. Economists’ consensus estimate is 100,000 new non-farm payrolls after a 140,000 decline in December. The unemployment rate is expected to remain constant at 6.7%.
Other data for this week include the Institute of Procurement Management’s manufacturing procurement index for January and its service equivalent on Wednesday. The Census Bureau also reports construction expenditure data for December, and the Bureau of Labor Statistics reports non-farm business productivity and unit labor costs for the fourth quarter on Thursday.
Monday 2/1
NXP Semiconductors, Otis Worldwide,
Thermo Fisher Scientific,
and
Vertex Pharmaceuticals
report quarterly results.
Institute for Supply Management launches the Index of Procurement Managers in Production for January. Economists forecast a reading of 60, around December. An PMI above 50 indicates expansion in the manufacturing sector.
Census Bureau reports construction expenditure data for December. The consensus estimate is for a 0.7% month-over-month increase in construction spending at a seasonally adjusted annual rate of $ 1.47 trillion.
Tuesday 2/2
Alphabet, Amazon.com, Alibaba Group Holding,
Amgen,
BP, Chipotle Mexican Grill,
ConocoPhillips,
Chubb, Electronic Arts, Exxon Mobil,
HCA Healthcare,
Pfizer,
Sysco,
and United Parcel Service releases the winnings.
Wednesday 2/3
ADP versions Its national employment report for January. The consensus estimate is for a gain of 100,000 private sector jobs, after a decline of 123,000 in December.
AbbVie,
Biogen,
Boston Scientific,
eBay,
GlaxoSmithKline,
Human,
MetLife,
New Nordisk,
PayPal Holdings, Qualcomm,
Sony,
and Spotify Technology announce quarterly results.
ISM launches January of service procurement managers for January. Expectations are for a reading of 56.9, a tick below the December data.
Thursday 2/4
Activision Blizzard, Bristol Myers Squibb,
Swan,
Chlorox,
Ford Motor,
Sciences Gilead,
Intercontinental exchange,
Merck,
Old Dominion freight line,
Philip Morris International,
Royal Dutch Shell,
Snap and
Unilever
report quarterly results.
Labor Office Statistics report non-agricultural business productivity and unit labor costs for the fourth quarter. Economists predict that productivity fell at a seasonally adjusted annual rate of 4.9%, after rising 4.6% in the third quarter. Unit labor costs are expected to increase by 3.4%, after decreasing by 6.6%.
Friday 2/5
Cardinal health,
Cboe Global Markets,
Estee Lauder,
The Illinois tool works,
Linde,
Prudential financial,
Regeneron Pharmaceuticals, Sanofi, Trane Technologies and
Zimmer Biomet Holdings
hosts conference calls to discuss winnings.
BLS launches employment report for January. The consensus estimate is that non-agricultural wages will increase by 100,000, reversing the December 140,000 decline. The unemployment rate is expected to remain unchanged at 6.7%.
Federal Reserve reports consumer credit data for December. Consumer total outstanding debt is expected to grow by $ 12 billion to a total of $ 4.18 trillion. This would bring the outstanding consumer credit to the same level as in 2020. The last time debts fell in one year was 2009.
Write to Nicholas Jasinski at [email protected]