Powell confirmation vote, producer price index, Walmart earnings next week
Ed Yardeni, Brian Wesbury and Katie Stockton examine the possible market reaction to the escalating tensions between Russia and Ukraine on “Making Money”.
Investors will be watching the fate of Federal Reserve Chairman Jerome Powell and other agency officials closely as the Senate Banking Committee prepares to hold a series of confirmation votes this week. Wall Street will also be watching a slew of incoming economic data, including the producer price index and existing home sales.
Stocks plunged on Friday amid growing fears that the Fed could raise interest rates by 25 basis points at least seven times in 2022 and escalating tensions abroad between Russia and Ukraine. .
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 34738.06 | -503.53 | -1.43% |
| SP500 | S&P500 | 4418.64 | -85.44 | -1.90% |
| I: COMP | NASDAQ COMPOSITE INDEX | 13791.154014 | -394.49 | -2.78% |
FOX Business takes a look at the next events likely to move Financial markets in the coming days.
monday 2/14
Weber, Advanced Auto Parts, Avis Budget Group and Vornado Realty Trust will be among the companies kicking off earnings week on Monday.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| WEBR | WEBER INC. | 10:44 am | -0.39 | -3.60% |
| AAP | ADVANCE AUTO PARTS INC. | 222.94 | +0.21 | +0.09% |
| SELF | AVIS BUDGET GROUP INC. | 181.25 | -8.96 | -4.71% |
| WNV | VORNADO REAL ESTATE TRUST | 41.31 | -0.04 | -0.10% |
Other notable events on Monday included Valentine’s Day, a $1,250 “profit sharing payout” for Delta Air Lines workers following its strong end-2021 results, the launch of McDonald’s McPlant hamburgers in the majority of its Dallas-Fort Worth regional locations and a Pensions & Investments report on the top 1,000 plan sponsors in the United States.
tuesday 2/15
Marriot International, Restaurant Brands International, Airbnb, Denny’s, La-Z-Boy, Roblox, ViacomCBS and Wyndham Hotels & Resorts will lead the parade of results on Tuesday. As for economic data, investors will focus on the Empire State’s Producer Price Index and Manufacturing Index.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| TUE | MARRIOTT INTERNATIONAL INC. | 169.88 | -4.80 | -2.75% |
| RBI | n / A | n / A | n / A | n / A |
| ABNB | AIRBNB INC. | 166.53 | -5.42 | -3.15% |
| DENN | DENNY’S CORP. | 16.51 | -0.05 | -0.30% |
| LZB | LA-Z-BOY INC. | 35.63 | +0.14 | +0.39% |
| RBLX | ROBLOX CORP. | 66.81 | -3.11 | -4.45% |
| VIAC | VIACOMCBS INC. | 36.00 | +0.12 | +0.33% |
| W.H. | n / A | n / A | n / A | n / A |
It will also be a busy day on Capitol Hill. The Senate Banking Committee will vote on nominations of Federal Reserve officials, including current Chairman Jerome Powell, and hear testimony from Treasury Undersecretary for Home Finance Nellie Liang on a report by the group of President’s work on stablecoins.
The Senate will also hold hearings on improving U.S. trade and promoting U.S. exports to create jobs and consider ways to overcome barriers to employment and youth access to mental health services. Meanwhile, the House will hold hearings on the economic impact of federal infrastructure investments, the benefits of the Infrastructure Investment and Jobs Act for small business owners, and strategies for resilience and reliability. of the electrical network.
Wednesday 2/16
Earnings on Wednesday’s schedule include Cedar Fair, Crocs, Kraft Heinz, Shopify, Wingstop Restaurants, Applied Materials, Boston Beer, Cheesecake Factory, Cisco Systems, DoorDash, Fisker and NVIDIA.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| FUN | CEDAR FAIR | 61.65 | +1.84 | +3.08% |
| CROSS | CROCS INC. | 98.20 | -7.02 | -6.67% |
| KHC | THE KRAFT HEINZ COMPANY. | 34.73 | +0.44 | +1.28% |
| STORE | SHOPIFY INC. | 854.00 | -39.34 | -4.40% |
| WING | WINGSTOP INC | 153.70 | +1.57 | +1.03% |
| AMAT | APPLIED MATERIALS INC. | 132.49 | -7.28 | -5.21% |
| SAT | BOSTON BEER CO. INC. | 432.52 | -7.04 | -1.60% |
| CAKE | CHEESECAKE FACTORY INC. | 39.68 | -0.06 | -0.15% |
| CSCO | CISCO SYSTEMS INC. | 53.90 | -0.97 | -1.77% |
| HYPHEN | DOORDASH INC. | 95.01 | -2.80 | -2.86% |
| FSR | FISKER INC. | 11.56 | -0.66 | -5.40% |
| NVDA | NVIDIA CORP. | 239.49 | -18.75 | -7.26% |
Wednesday will be the busiest day for economic data with retail sales, the import and export price index, industrial production, business inventories, the housing market index of the National Association of Home Builders, weekly mortgage applications and weekly crude inventory from the Energy Information Administration.
The Senate will also hold a hearing on the challenges and opportunities of the Environmental Protection Agency’s Renewable Fuel Standard program and the House will hold a hearing titled “Big Data: Privacy Risks and Needed Reforms in the Public and Private Sectors.”
Thursday 2/17
Thursday’s top earners will include AutoNation, SolarWinds, US Foods and Walmart before the market opens and Dropbox, Redfin, Roku and Shake Shack after the bell.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| A | AUTONATION INC. | 105.09 | -0.74 | -0.70% |
| SU | SOLARWINDS CORP. | 13.05 | -0.22 | -1.66% |
| USFD | US FOODS HOLDING CORP. | 37.74 | -0.90 | -2.33% |
| WMT | WALMART INC. | 135.33 | -0.75 | -0.55% |
| BOX | BOX INC. | 26.55 | -0.79 | -2.89% |
| RDFN | REDFIN CORP. | 29.84 | -0.22 | -0.73% |
| ROKU | ROKU INC. | 163.94 | -1.71 | -1.03% |
| SHAKE | SHAKE SHACK | 73.57 | +0.48 | +0.66% |
The economic data in the spotlight will be building permits, housing starts, the Philadelphia Fed manufacturing index and the latest weekly initial and continuing unemployment claims. St. Louis and Cleveland Fed Presidents James Bullard and Loretta Mester will also discuss the U.S. economy and monetary policy before a fireside chat hosted by Columbia University and SGH Macro Advisors and a virtual event for the Volatility and Risk Institute and the Center for the Global Economics and Business, respectively.
friday 2/18
Wrapping up the week, earnings from Bloomin’ Brands, Deere & Company and DraftKings before market open, the latest existing home sales and the index of leading economic indicators.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| BLMN | BLOOMIN’ BRANDS INC. | 22.31 | -0.04 | -0.18% |
| OF | DEERE & CO. | 392.67 | -0.48 | -0.12% |
| DKNG | DESIGNERS INC. | 11:33 p.m. | +0.55 | +2.41% |
Chicago Fed Chairman Charles Evans will also speak on current economic conditions and monetary policy ahead of the 2022 U.S. Monetary Policy Forum at the University of Chicago Booth School of Business.
In the world of politics, Vice President Kamala Harris will attend the Munich Security Conference, which runs until Sunday. Tuesday also marks National Employee Appreciation Day and the start of price increases for Amazon Prime.