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It’s a relatively busy week on the earnings calendar. On Monday,
Coupa Software
and
Toll Brothers
report, followed by
AutoZone,
Brown-Forman,
and Chewy on Tuesday.
Campbell Soup
reports on Wednesday, then
Adobe,
Costco
Wholesale, and
Oracle
all release earnings on Thursday.
Several notable companies also host investor days this week.
Ecolab
and
SL Green Realty
will present on Monday, followed by Newmont and
Salesforce.
com on Tuesday.
Agilent Technologies,
Lowe’s,
and
Starbucks
will update Wall Street on Wednesday. And on Thursday, Walt
Disney
hosts a streaming-focused investor day.
Economic data out this week includes a pair of inflation measures. On Thursday, the Bureau of Labor Statistics reports the Consumer Price Index for November. Excluding volatile food and energy components, it’s expected to have jumped 1.5% after climbing 1.6% in October. The core Producer Price Index for November, out Friday, is predicted to have ticked up 0.1%, following October’s 0.3% rise.
Other releases this week include the National Federation of Independent Business’ Small Business Optimism Index for November on Tuesday and the University of Michigan’s Consumer Sentiment Index for December on Friday.
Finally, the European Central Bank announces a monetary-policy decision on Thursday. It is widely expected to keep its benchmark interest rate unchanged at negative 0.5%, but economists and investors will be watching for the announcement of any new stimulus measures.
Monday 12/7
Coupa Software and Toll Brothers announce quarterly results.
Ecolab hosts a webcast to discuss its environmental, social, and corporate governance, or ESG, strategy.
SL Green Realty holds its annual investor conference for institutional investors.
The Federal Reserve reports consumer credit data for October. Outstanding consumer credit, which totals nearly $4.2 trillion, is on pace for a yearly decline for the first time in a decade.
Tuesday 12/8
AutoZone, Brown-Forman, and Chewy report quarterly earnings.
Newmont hosts a conference call to announce its 2021 financial guidance and discuss its longer-term outlook.
Salesforce.com holds its annual investor day.
The National Federation of Independent Business releases its Small Business Optimism Index for November. Consensus estimate is for a 103 reading, slightly less than the October figure. The index currently stands at a postpandemic high.
Wednesday 12/9
Campbell Soup reports first-quarter fiscal-2021 results.
Agilent Technologies and Lowe’s hold investor meetings.
Starbucks hosts its biennial investor day.
The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey, or JOLTS, for October. Economists forecast 6.44 million job openings on the last business day of October, roughly even with the September data.
Thursday 12/10
The European Central Bank announces its monetary-policy decision. The ECB is expected to keep its key interest rate unchanged at negative 0.5%, but it might announce new stimulus measures.
Adobe, Broadcom, Costco Wholesale, and Oracle host conference calls to discuss earnings.
Walt Disney holds an investor day to expound on its direct-to-consumer strategies.
The BLS releases the consumer price index for November. Expectations are for 1.1% year-over-year rise, while the core CPI, which excludes volatile food and energy prices, is seen gaining 1.5%. This compares with increases of 1.2% and 1.6%, respectively, in October.
Friday 12/11
The University of Michigan releases its Consumer Sentiment Index for December. Consensus estimate is for a 76.3 reading, slightly below November’s 76.9.
The BLS releases the producer price index for November. Economists forecast a 0.1% month-over-month bump, after a 0.3% rise in October.
Write to Nicholas Jasinski at nicholas.jasinski@barrons.com