Written by Brenda Nakalema

Disney, Occidental, Rivian, Palantir, BioNTech and the Other Stocks to Watch This Week

Although we’re past the peak of the first-quarter earnings season, several notable companies are still left to release their earnings …

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Although we’re past the peak of the first-quarter earnings season, several notable companies are still left to release their earnings reports. The economic-data highlights of the week will be a couple of inflation measures.

Monday’s highlights are expected to include BioNTech, Palantir Technologies, Simon Property Group, and Tyson Foods. Electronic Arts, Norwegian Cruise Line Holdings, and Occidental Petroleum all release their reports on Tuesday. Walt Disney, Rivian Automotive, and Toyota Motor on Wednesday. Brookfield Asset Management and Tapestry will release earnings on Thursday.

The economic calendar will be topped by the Bureau of Labor Statistics consumer price and producer price indices for April, which have been forecast to climb by 8.1% and 10.6%, respectively.

Other data to expect this week will include the National Federation of Independent Business’ Small Business Optimism Index for April on Thursday and the University of Michigan’s Consumer Sentiment Index for May on Friday.

Monday 9/5

Quarterly results released by BioNTech, Duke Energy, International Flavors & Fragrances, Microchip Technology, Palantir Technologies, Simon Property Group, Tyson Foods, and Viatris.

Tuesday 10/5

Earnings announced by Dentsply Sirona, Electronic Arts, Norwegian Cruise Line Holdings, Occidental Petroleum, Sysco, TransDigm Group, Welltower, and Wynn Resort.

These companies hold investor meetings: Dish Network, Fortinet, Mondelez International, and Western Digital.

The Small Business Optimism Index is to be released by The National Federation of Independent Business for the month of April. The consensus estimate stands at 92.4 reading, roughly one point lower than in March. The March figure has been the lowest reported for the index since April 2020 due to a labour shortage and rising inflation, which have dampened small-business owners’ enthusiasm.

Wednesday 11/5

Walt Disney releases second-quarter fiscal 2022 results. The entertainment company’s shares have been the worst performers in the DIJA over the past year due to concerns about spending on content.

Rivian Automotive, Steris, and Toyota Motor all release quarterly results.

The consumer price index for April is released by The Bureau for Labour Statistics. Consensus expectations stand at an 8.1% reading, year-over-year, while the core CPI, which doesn’t include volatile food and energy prices, is seen rising to 5.9%. This when compared with the increases of 8.5% and 6.5%, respectively, in March. Wall Street hopes that this will be confirmation that inflation has reached its peak, even as economists and the Federal Reserve continue expecting inflation to stay much higher for far longer than they thought only six months ago.

Thursday 12/5

Brookfield Asset Management, Constellation Energy, Motorola Solutions, and Tapestry all hold conference calls to discuss earnings.

Micron Technology and WestRock hold their 2022 investor days.

Ford Motor, Intel, and Verizon Communications all host their annual shareholder meetings.

The producer price index for the month of April is released by The BLS, with the consensus estimate standing at a 10.6% year-over-year rise, compared with the 11.2% climb in March- this is the highest on record for the index since the 12-month data was first calculated in 2010. It is expected that the core PPI will increase by 8.9% after a 9.2% increase in March.

The Department of Labour releases the initial jobless claims for the week ending May 7. In the previous month, jobless claims were roughly 184,000. Recently, they hit a more-than-five-decade low, even though the workforce is more than twice as large now as it was then.

Friday 13/5

Consumer Sentiment Index released for the month of May released by the University of Michigan. Economists forecast a 63.1 reading, roughly two points lower than the April reading.