SalesForce – Airbnb, Nvidia, Etsy, Domino’s, DraftKings, and Other Stocks to Watch This Week
Fourth-quarter earnings season continues this week with results from 62
companies and dozens more small-caps and midcaps.
report on Wednesday.
Thursday will be busy:
Economic data out this week includes the Conference Board’s Leading Economic Index for January on Monday and the Bureau of Economic Analysis’ personal income and spending figures for January on Friday.
There will also be a pair of notable housing-market indicators: The Census Bureau’s new-home sales for January on Wednesday and the National Association of Realtors’ Pending Home Sales index for January on Thursday.
The Conference Board releases its Leading Economic index for January. Consensus estimate is for a 0.3% month-over-month increase, matching the December gain. The index has risen every month since this past April, but the rate of growth slowed markedly in the final months of 2020.
The Federal Reserve Bank of Dallas releases its Texas Manufacturing Outlook Survey for February. Consensus estimate is for a 10 reading, above January’s seven figure. Any number above zero indicates that the region’s manufacturing sector is growing.
Bank of Montreal,
Bank of Nova Scotia,
Pioneer Natural Resources,
and Square report earnings.
Apple, the world’s largest company by market cap, holds its annual shareholders meeting virtually.
The Census Bureau reports new-home sales for January. Expectations are for a seasonally adjusted annual rate of 850,000 homes sold, slightly higher than December’s figure. New-home sales, while still strong, are off their post-financial-crisis peak of nearly a million set last July.
Lodging website Airbnb reports fourth-quarter and full-year 2020 results. The company’s shares have risen nearly threefold since its December IPO and is valued at more than the five largest U.S. hotel brands combined.
Canadian Imperial Bank of Commerce,
VMware, and Workday report earnings.
The Bureau of Economic Analysis reports its second estimate for fourth-quarter gross domestic product. Economists forecast a seasonally adjusted annual growth rate of 4%, unchanged from the advance estimate reported in late January.
The National Association of Realtors releases its Pending Home Sales index for January. Consensus estimate is for a 1.5% month-over-month decline. Pending home sales have fallen for four consecutive months.
Liberty Media, and Public Enterprise Group hold conference calls to discuss quarterly results.
The BEA reports personal income and spending for January. Expectations are for a 9.9% monthly gain in income, after a 0.6% rise in December. Consumption is seen rising 2.3%, after declining 0.2% previously.
Write to Nicholas Jasinski at firstname.lastname@example.org