The stock market is set to have an exciting week ahead, with a number of significant events shaping the direction of equities. One of the most notable events will be the testimony of Federal Reserve Chairman Jerome Powell before Congress on Tuesday and Wednesday. Investors will be keen to hear his thoughts on the state of the economy, particularly in light of the recent surge in Treasury yields.
Additionally, the market will also be closely following a number of corporate earnings reports. This has been driven by a combination of strong economic data, progress in the rollout of COVID-19 vaccines, and expectations of further stimulus from the government. However, there are concerns that the recent surge in Treasury yields could dampen investor sentiment and potentially lead to a correction in the stock market.
Earnings season is underway and this week will be a busy one for investors, with a number of significant companies reporting their results. The week ahead will feature a range of companies from various industries, including tech, retail, financial services, and energy. Here is a day-by-day breakdown of some of the notable companies reporting their earnings this week.
This weeks earnings calender’s list
Monday, February 6th: On Monday, investors will be keeping an eye on a number of tech companies, including Activision Blizzard, Chegg, and Take-Two Interactive Software. The retail sector will also be represented, with reports from Simon Property Group and Tyson Foods.
Tuesday, February 7th: On Tuesday, financial services will be in the spotlight, with reports from BP, Prudential, and Western Union. The hospitality sector will also be represented, with results from Royal Caribbean and Hertz Global.
Wednesday, February 8th: Wednesday will be a busy day, with a large number of reports from a range of industries, including tech, retail, and media. Companies reporting include CVS Health, Fox Corporation, MGM Resorts, and Walt Disney.
Thursday, February 9th: Thursday will feature a number of notable reports from the pharmaceutical and retail sectors, including AbbVie, AstraZeneca, and Ralph Lauren. The tech sector will also be represented, with results from PayPal and Lyft.
Friday, February 10th: The final day of the week will feature reports from Newell Brands and Spectrum Brands.
Overall, this week will be an important one for investors, as they seek to gain a better understanding of the health of the economy and the direction of the market. With so many significant companies reporting their results, it is likely to be a busy and exciting week for traders and investors alike.