Leuthold Group chief investment strategist Jim Paulsen provides insight on the money supply and inflation on “Making Money.”
A fresh update on consumer prices is on tap for Wall Street this upcoming week. In addition, investors will face another wave of corporate earnings.
U.S. stocks rallied on Friday with the Dow Jones Industrial Average closing up 400 points, or 1.26%. The S&P 500 and Nasdaq Composite ended the session up 1.36% and 1.28%, respectively.
However, all three benchmarks finished down for the week. The Dow snapped a four-week winning streak while the S&P and Nasdaq broke two-week winning streaks.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 32403.22 | +401.97 | +1.26% |
| SP500 | S&P 500 | 3770.55 | +50.66 | +1.36% |
| I:COMP | NASDAQ COMPOSITE INDEX | 10475.25445 | +132.31 | +1.28% |
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
LIVE UPDATES: JOBS DATA STRONG LIFTING STOCKS, MUSK FIRING TWITTER WORKERS
Monday 11/7
BioNTech, Blue Apron, Choice Hotels, NRG Energy and Palantir Technologies will be among the companies kicking off the week with earnings before the markets open on Monday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BNTX | BIONTECH SE | 154.31 | +9.06 | +6.24% |
| APRN | BLUE APRON HOLDINGS | 2.07 | -0.09 | -4.17% |
| CHH | CHOICE HOTELS INTERNATIONAL | 128.51 | +2.81 | +2.24% |
| NRG | NRG ENERGY INC. | 44.35 | +0.72 | +1.65% |
| PLTR | PALANTIR TECHNOLOGIES INC. | 7.93 | -0.15 | -1.86% |
Earnings to watch after the bell will include Activision Blizzard, Diamondback Energy, Groupon, Lyft, SmileDirectClub, Take-Two Interactive, Tripadvisor and Virgin Orbit.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ATVI | ACTIVISION BLIZZARD INC. | 71.96 | +0.06 | +0.08% |
| FANG | DIAMONDBACK ENERGY INC. | 161.37 | +2.84 | +1.79% |
| GRPN | GROUPON INC. | 7.07 | +0.23 | +3.36% |
| LYFT | LYFT INC. | 13.74 | +0.02 | +0.15% |
| SDC | SMILEDIRECTCLUB INC. | 0.64 | -0.02 | -3.03% |
| TTWO | TAKE-TWO INTERACTIVE SOFTWARE INC. | 108.53 | -2.77 | -2.49% |
| TRIP | TRIPADVISOR INC. | 23.72 | +0.55 | +2.37% |
| VORB | VIRGIN ORBIT | 2.91 | -0.01 | -0.34% |
As for economic data, investors will take in consumer credit.
The Federal Reserve will also make the rounds with Cleveland and Boston Fed presidents Loretta Mester and Susan Collins participating in at moderated discussion before the hybrid Women in Economics Symposium. Richmond Fed president Thomas Barkin will also deliver opening remarks and participate in a panel before the bank’s hybrid “Demystifying Inflation” District Dialogue.
OCTOBER JOBS REPORT SOLID, MAKING FED’S INFLATION FIGHT HARDER
Tuesday 11/8
Earnings will ramp up on Tuesday with companies including Coty, E.W. Scripps, Hain Celestial Group, Lordstown Motors, Norwegian Cruise Line, Party City and Planet Fitness delivering results before the market open.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| COTY | COTY INC. | 6.93 | +0.41 | +6.37% |
| SSP | THE E.W. SCRIPPS CO. | 13.40 | -0.45 | -3.25% |
| HAIN | THE HAIN CELESTIAL GROUP INC. | 18.89 | +0.68 | +3.73% |
| RIDE | LORDSTOWN MOTORS | 1.93 | +0.08 | +4.32% |
| NCL | n.a. | n.a. | n.a. | n.a. |
| PRTY | PARTY CITY HOLDCO INC. | 1.49 | +0.02 | +1.36% |
| PLNT | PLANET FITNESS INC. | 62.62 | -1.46 | -2.28% |
Meanwhile, AMC Entertainment, Angi, GoodRx, Occidental Petroleum and the Walt Disney Company will be among the big names taking the spotlight after the bell.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT | 5.65 | -0.05 | -0.88% |
| ANGI | ANGI INC. | 1.93 | -0.12 | -5.85% |
| GDRX | GOODRX HOLDINGS INC. | 5.06 | +0.16 | +3.27% |
| OXY | OCCIDENTAL PETROLEUM CORP. | 73.27 | +1.11 | +1.54% |
| DIS | THE WALT DISNEY CO. | 99.58 | +0.38 | +0.38% |
The NFIB’s business optimism index will be in focus for economic data on Wednesday. Other notable events include the delisting of Twitter’s stock from the New York Stock Exchange and European Union regulators’ deadline to announce a deeper investigation into Microsoft’s acquisition of Activision Blizzard.
Wednesday 11/9
Earnings on the docket for Wednesday will include Capri Holdings, D.R. Horton, Hanesbrands, Roblox and Wendy’s before the markets open and Beyond Meat, Redfin, Rivian and ZipRecruiter after the bell.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CPRI | CAPRI HOLDINGS LTD. | 47.67 | +3.14 | +7.05% |
| DHI | D.R. HORTON INC. | 75.18 | +1.55 | +2.11% |
| HBI | HANESBRANDS INC. | 6.98 | +0.30 | +4.49% |
| RBLX | ROBLOX CORP. | 40.58 | -2.72 | -6.28% |
| WEN | THE WENDY’S CO. | 20.43 | +0.08 | +0.39% |
| BYND | BEYOND MEAT INC. | 13.91 | -0.45 | -3.13% |
| RDFN | REDFIN CORP. | 4.02 | -0.27 | -6.29% |
| RIVN | RIVIAN AUTOMOTIVE INC. | 31.99 | -0.25 | -0.78% |
| ZIP | ZIPRECRUITER | 15.61 | -0.33 | -2.07% |
Wednesday’s economic data will include wholesale inventories and sales, weekly mortgage applications and the Energy Information Administration’s weekly crude stocks.
New York Fed president John Williams will also deliver keynote remarks before the Swiss National Bank, Federal Reserve Board and Bank for International Settlements’ High Level Conference on Global Risk, Uncertainty and Volatility.
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Thursday 11/10
Ralph Lauren, Six Flags Entertainment, Tapestry, US Foods, UTZ Brands, Warby Parker and WeWork will all deliver results before the market open on Thursday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| RL | RALPH LAUREN CORP. | 95.06 | +4.36 | +4.81% |
| SIX | SIX FLAGS ENTERTAINMENT CORP. | 21.20 | +0.24 | +1.15% |
| TPR | TAPESTRY INC. | 32.47 | +2.42 | +8.04% |
| USFD | US FOODS HOLDING CORP. | 29.27 | +0.52 | +1.81% |
| UTZ | UTZ BRANDS, INC. | 16.14 | +0.41 | +2.61% |
| WRBY | WARBY PARKER INC. | 14.95 | +0.32 | +2.19% |
| WE | WEWORK | 2.61 | +0.05 | +1.95% |
Endeavor Group, Flower Foods and Poshmark will be among the companies wrapping up the week with earnings after the bell.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| EDR | ENDEAVOR GROUP | 20.40 | -0.13 | -0.63% |
| FLO | FLOWERS FOODS INC. | 28.52 | +0.01 | +0.02% |
| POSH | POSHMARK INC. | 17.80 | -0.03 | -0.17% |
On the economic data front, investors will digest the consumer price index, federal budget balance and the latest in initial and continuing jobless claims. Dallas and Kansas City Fed presidents Lorie Logan and Esther George will also speak before the banks’ hybrid “Energy and the Economy: The New Energy Landscape” conference.
Friday 11/11
Finishing out the week for economic data will be the University of Michigan’s consumer sentiment index.
President Joe Biden will also attend the COP27 climate summit in Cairo, Egypt, and Treasury Secretary Janet Yellen will visit India to attend the US-India economic and financial partnership ahead of the G20 meeting.
Read More:Twitter delisting, Disney earnings, consumer price index top week ahead
2022-11-06 19:41:31
