Written by Brenda Nakalema

JP Morgan, Delta, Citigroup, Tilray, and other stocks to keep your eye on this week

As the fourth-quarter earnings season starts, unsurprisingly, a few big banks are among the first reporters: JPMorgan Chase, Wells Fargo, …

11 Best-performing IPOs in the last 12 months

As the fourth-quarter earnings season starts, unsurprisingly, a few big banks are among the first reporters: JPMorgan Chase, Wells Fargo, and Citigroup all release their results. Other reports coming in during the course of the week include Tilray, Albertsons, Delta Airlines and Taiwan Semiconductor Manufacturing.

When it comes to the economic data highlights of this week, inflation readings will take centre stage. The Bureau of Labour Statistics will report the consumer price index for December on Wednesday. According to some Economists, the overall expectation is a 7.1% year-over-year spike, which would be recorded as the fastest rate of inflation since 1982. We will expect to see the Bureau release the producer price index on Thursday.

The National Federation of Independent Business’ Small Business Optimism Index for the month of December is expected to be released on Tuesday. Along with this will be the Consumer Sentiment Index for January, released by the University of Michigan, and the Census Bureau’s retail sales data for the month of December.

For those closely watching the drama unfold in hearings of Chairman Jerome Powell, Friday will be an action-packed day. These hearings could contain valuable insights into the Fed’s thinking around monetary policy.

Monday 1/10/2022

Tilray, Cannabis producer (Ticker: TLRY), set to release second-quarter fiscal-2022 results. Tilray is a Canadian pharmaceutical and cannabis company incorporated in the United States. The company has operations in Toronto, Ontario, Australia, New Zealand, Germany, Portugal and Latin America.

The company’s stock is currently trading at $7.15, a gain of 11.37%.

Tuesday 1/11/2022

Albertsons (Ticker: ACI) holds an earnings call conference. Albertsons is an American grocery company headquartered in Idaho. As of this article, the stock stood at $30.86, down 1.12%.

The senate banking committee hearing on the renomination of Jerome Powell as Chairman of the Federal Reserve- It would be his fourth term awarded. The vice-chairman hearing will also be conducted with Lael Brainard, a front runner for the position.

The Small Business Optimism Index for December was released by the National Federation of Independent Business.

Wednesday 1/12/2022

The Bureau of Labour Statistics releases its consumer price index for December. A 7.1% year-over-year hike expected by Economists, after a 6.8% rise in December, the fastest clip since 1982. The core CPI is expected to jump 5.4% -it excludes volatile food and energy prices- higher than November by half a percentage point. Inflation concerns remain roaring high for both Main Street and Wall Street amidst the realization that Federal Reserve doesn’t consider it transitory.

The beige book is released by the Federal Reserve for the first of eight times this year. The report collects and summarizes anecdotal information on current economic conditions from the 12 Federal Reserve districts.

Thursday 1/13/2022

Both Delta Airlines and Taiwan Semiconductor Manufacturing hold conference calls to share their quarterly results.

The Bureau of Labour Statistics releases a report for the Producer price index for the month of December. Consensus estimate stands at roughly 0.4% monthly gain, while the core PPI experiences a 0.5% increase.

The Department of Labour releases its report on initial jobless claims for the week ending Jan 8. The first week of December had a the department report the lowest number in more than half a century- jobless claims were below 190,000.

Friday 1/14/2022

BEFORE THE OPENING BELL, big U.S banks, JPMorgan Chase, Wells Fargo, and Citigroup, release their results. BlackRock and First Republic Bank also release earnings.

The University of Michigan releases the Consumer Sentiment Index for the month of January. Expectations are that the figures will be roughly similar to the December data, at roughly 70.4 reading. Consumers’ concerns around rising prices and housing costs have the index at 20% lower than its previous post-pandemic in April.