Earnings Weekly: 1Q Earnings Flow Slows Finally
- By John Tierney
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- 2 min read
Summary
- After recent doses of triple-digit floods of weekly earnings, a scant 21 companies report in the coming week.
- There are a few biggies, but mostly it will be a week to reassess what has happened so far.
- Of particular interest will be companies in the consumer discretionary travel/leisure sector.
- Expedia (EXPE), Airbnb (ABNB) and Carnival Corp (CCL) reported solid earnings beats and robust outlooks for summer travel plans. But they sold off sharply after initial rallies as investors focused on the Fed and prospects of rising rates and recession.
- Inflation data this week will be the focal point and likely driver of the market’s next move.
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Summary
- After recent doses of triple-digit floods of weekly earnings, a scant 21 companies report in the coming week.
- There are a few biggies, but mostly it will be a week to reassess what has happened so far.
- Of particular interest will be companies in the consumer discretionary travel/leisure sector.
- Expedia (EXPE), Airbnb (ABNB) and Carnival Corp (CCL) reported solid earnings beats and robust outlooks for summer travel plans. But they sold off sharply after initial rallies as investors focused on the Fed and prospects of rising rates and recession.
- Inflation data this week will be the focal point and likely driver of the market’s next move.
Monday
- Will soaring oil and natural gas prices slow Duke Energy’s plans to ramp up investments in green energy-related infrastructure?
- Tyson Foods (TSN) may indicate how consumers are responding to higher meat prices.
Tuesday
- Norwegian Cruise Line Holdings (NCLH) and Wynn Resorts LTD (WYNN) may confirm or refute the market’s verdict last week on other travel/leisure companies.
- Occidental Petroleum (OXY) will likely follow the lead of most other energy companies in limiting further capital expenditures in favour of returning capital to investors.
- Are Fox Corp (FOX) advertisers still sticking with conventional media outlets?
Wednesday
- Investors will be waiting with bated breath to see whether Disney (DIS) follows Netflix (NFLX) and reports weakness in streaming subscriber growth.
Thursday
- Motorola Solutions (MSI) may indicate whether companies are investing in communications equipment and the extent to which supply chains are a problem.
- Tapestry, Inc (TPR) is hardly a household name but as marketer of high-end apparel and luxury goods, it could provide clues about whether and how consumer preferences are changing. Also, is it running into the same supply chain headwinds as Under Armour (UAA)?
Friday
- Enjoy the weekend!
