What to Watch in the Week Ahead and on Monday, February 10

Reuters
08 Feb
What to Watch in the Week Ahead and on Monday, February 10

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ON MONDAY

McDonald's is expected to report flat fourth-quarter revenue in a period that saw the burger chain navigate an E.coli outbreak linked to its Quarter Pounder hamburgers. Investors will look out for demand trends so far this year following launch of new meal deals in January, management's tone on consumer health and any potential impact from U.S. tariffs.

Vertex Pharmaceuticals is scheduled to report its fourth-quarter results. The focus will be on the company's annual forecast and comments on its sickle cell gene therapy Casgevy and its newly approved pain treatment Journavx.

Coty is expected to post a fall in second-quarter revenue, hurt by slowing demand for mass market beauty products in major markets such as the United States and Australia. Investors will look out for comments regarding product innovation, inventory management at retailers and gains in the fragrance segment.

Incyte is set to report its fourth-quarter results. The focus will be on 2025 outlook and quarterly performance of its blood cancer drug Jakafi and skin disorder drug Opzeluras.

REST OF THE WEEK

On the U.S. economic front, a slew of data is scheduled for the week that could offer fresh insight into the country’s inflation. On Wednesday, the Labor Department’s Bureau of Labor Statistics is scheduled to report that consumer price index $(CPI.UK)$ likely rose 0.3% in January, after rising 0.4% in the month before. Annually, CPI is estimated to have increased 2.9%. Meanwhile, core CPI likely rose to 0.3% in January, after increasing 0.2% in the prior month. On Thursday, a report from the same bureau is expected to show that producer price index $(PPI)$ for final demand likely rose 0.3% in January, following a 0.2% increase in the previous month. Annually, the index rose 3.2% in January. PPI, excluding food and energy components, probably rose 0.3% last month. Separately, the Labor Department will release weekly jobless claims report on Thursday. Initial claims for unemployment benefits probably fell by 3,000 to 216,000 for the week ending February 8. Furthermore, on Friday, Census Bureau data is expected to show that retail sales declined 0.1% in January, after recording a 0.4% increase in December. On the same day, the Labor Department's Bureau of Labor Statistics is expected to report import and export prices for January increased 0.4% each. Additionally, Federal Reserve data is projected to show that industrial production rose 0.2% in January, after climbing 0.9% in the prior month.

A host of Federal Reserve policymakers are scheduled to attend various events through the week. Federal Reserve Chairman Jerome Powell is set to deliver semi-annual monetary policy testimony before the House Financial Services Committee in Washington on Wednesday. On the same day, Atlanta Fed President Raphael Bostic is expected to speak on the economic outlook in a moderated conversation before the Atlanta chapter of the National Association of Corporate Directors in Atlanta. New York Fed President John Williams, on Tuesday, is slated to give keynote remarks before the Pace University Economics Society in New York. Meanwhile, Cleveland Fed President Beth Hammack is expected to speak on the economic outlook before the University of Kentucky Gatton School of Business and 2025 Economic Outlook Conference in Lexington.

Moderna is scheduled to report fourth-quarter results on Friday. Investors will look for additional comments around plans to reduce spending and counter slow adoption of its respiratory syncytial virus vaccine. Biogen is set to report fourth-quarter earnings and provide a full-year forecast on Wednesday. Executives are expected to provide details on demand for Leqembi, the Alzheimer's disease drug it sells with Eisai, as investor focus remains squarely on the sales trajectory of the therapy.

Coca-Cola is expected to post a fall in fourth-quarter revenue on Tuesday as the company battles weak demand for its sodas in international markets such as China. Investors will watch out for comments on impact from President Donald Trump’s new tariffs on China, as well as pricing and demand trends for 2025.

Deere & Co is set to report its first-quarter earnings on Thursday, with expectations of a profit decline. Investors will focus on the company's outlook for farm equipment demand and any insights on the impact of tariffs.

JPMorgan Chase COO Jennifer Piepszak is expected to speak at the BofA Securities Financial Services conference on Tuesday. At the same event, Bank of America CEO Brian Moynihan is set to speak on Wednesday.

On Tuesday, JPMorgan Chase chief financial officer Jeremy Barnum, Goldman Sachs CEO David Solomon, Wells Fargo Chief Financial Officer Mike Santomassimo and Bank of America President, Retail Banking, Holly O’Neill are due to speak at the UBS Financial Services Conference in Miami.

Lyft is expected to post a growth in fourth-quarter revenue on Tuesday and provide guidance for 2025. Wall Street is keen to know more about Lyft's strategy in the autonomous vehicles sector to keep up with dominant rival Uber, which has partnered with more than 10 such companies.

On Tuesday, Carlyle is expected to report a higher profit when it reports its fourth-quarter earnings. Analysts will watch out for the firm's commentary on the outlook for 2025.

Crypto exchange Coinbase is scheduled to report its fourth-quarter results on Thursday. Busier trading activity and higher interest in crypto, especially following the election of Donald Trump, is expected to boost the company's earnings.

Brokerage firm Robinhood is expected to post a rise in its fourth-quarter profit on Wednesday, helped by market rally that boosted equity and crypto trading volumes.

Kraft Heinz is expected to post a decline in fourth-quarter revenue on Wednesday, hurt by slower demand for its high-priced products including sauces and meat cold cuts. Investors will look for comments on pricing actions, impact on demand and volumes as well as annual forecasts.

DoorDash is expected to post a jump in fourth-quarter revenue on Tuesday, benefiting from more consumers using the platform to order groceries and beauty products during the holiday period. Investors will look for comments regarding partnership with Uber, higher costs and outlook for 2025.

Health insurer Humana is set to report fourth-quarter results on Tuesday. The focus will be on its annual forecast and comments around medical costs.

CVS Health is scheduled to report its fourth-quarter results on Wednesday. The focus will be on the conglomerate's medical costs and annual forecast.

Reddit is scheduled to report its fourth-quarter revenue on Wednesday. It is expected to report a rise in quarterly revenue sequentially, according to Wall Street estimates, driven by strong digital advertising spend on its platform during the crucial holiday shopping season when brands spend heavily to promote their products and services.

Beer maker Molson Coors is expected to post a decline in fourth-quarter revenue on Thursday, hurt by tepid demand for its products. Investors will look for comments on demand, pricing actions, impact on volumes from import tariffs and annual forecasts.

Edwards Lifesciences is expected to give its fourth-quarter results on Tuesday. Investor focus will be on the performance of its artificial heart valves.

Rollins is expected to post a rise in fourth-quarter revenue on Wednesday, driven by strong demand owing to warm and dry conditions supporting demand for residential and commercial pest control services. Investors will look out for comments on advertising, staff spending and new home sales driving demand.

Federal Realty Investment Trust is expected to post a rise in fourth-quarter revenue on Thursday, on increasing leasing demand for small shops and higher rentals at its commercial real estate properties. Investors will look out for comments on higher rental prices, consumer demand boosting store expansions and outlook for 2025.

Interpublic Group is expected to report a fall in revenue in its fourth-quarter on Wednesday, hurt by lower ad spending across major markets like the United States.

Thoma Bravo's SailPoint is expected to list its shares on the Nasdaq on Thursday, returning more than two years after it was taken private.

Air Canada is expected to report a fourth-quarter profit on Thursday, rebounding from a year-ago loss. Investors will be watching for insights on travel demand and cost trends.

Restaurant Brands is expected to post a rise in its fourth-quarter revenue on Wednesday as the Burger King parent benefits from strong demand, particularly at its Tim Hortons coffee outlets. Investors will watch out for comments on consumer spending trends on dining out, as well as their response to value meals from fast food chains.

Shopify is expected to report a surge in its fourth-quarter revenues, helped by more merchants signing up to its platform and strong e-commerce demand in the holiday season. Investors will be focused on the company's margins, outlook, and commentary on benefits from AI initiatives.

Statistics Canada is due to release building permits figures for December on Tuesday, and will release manufacturing sales and wholesale trade data for December on Friday.

On Latin America’s economic tap, Brazil’s IPCA inflation data for January is due on Tuesday, services sector growth data for December on Wednesday and December retail sales on Thursday. Separately, in Argentina, the country’s inflation reading for January will be released on Thursday. In Mexico, December industrial output data is scheduled for release on Tuesday. Meanwhile, Peru’s central bank is set to announce its latest interest rate decision on Thursday.

(Compiled by Lactus Fernandes in Bengaluru; Edited by Sahal Muhammed)

((Lactus.Fernandes@thomsonreuters.com;))

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