AT&T, Chevron, Oracle, Verizon, T-Mobile and Other Stocks for Investors to Watch This Week
It’s a relatively quiet week on the earnings calendar, with fourth-quarter earnings season in the rearview mirror. On Monday, Casey’s General Stores and Stitch Fix report. Campbell Soup and Oracle release earnings on Wednesday. And DocuSign, JD.com, and Ulta Beauty announce their results on Thursday.
The big three U.S. telecom companies all host investor days this week. Verizon Communications goes first on Wednesday, followed by T-Mobile US on Thursday. AT&T gets the last word on Friday.
Cigna will also present to investors on Monday, followed by a Chevron event on Tuesday. And on Thursday, shareholders of IHS Markit and S&P Global will vote on the companies’ proposed $44 billion merger.
The economic highlights of the week will be a pair of inflation measures from the Bureau of Labor Statistics. The consumer price index for February is out on Wednesday, followed by the producer price index on Friday. Other data out this week includes the National Federation of Independent Business’ Small Business Optimism Index for February on Tuesday.
Finally, the European Central Bank announces a monetary-policy decision on Thursday. The consensus expectation is for an unchanged benchmark interest rate target, at negative 0.5%.
Monday 3/8
Casey’s General Stores and Stitch Fix report quarterly results.
Cigna holds a virtual investor day. Management will discuss emerging trends in healthcare and how the company can expand its addressable market.
Tuesday 3/9
Chevron holds its 2021 investor day virtually. The company’s executive leadership, including CEO Mike Wirth, will discuss the oil giant’s transition to cleaner energy, among other topics.
Walt Disney holds its annual shareholders meeting.
The National Federation of Independent Business releases its Small Business Optimism Index for February. Consensus estimate is for a 96.3 reading, slightly higher than January’s 95 figure. January’s reading was the lowest for the index since May.
Wednesday 3/10
Campbell Soup, Franco-Nevada, and Oracle announce quarterly results.
Verizon Communications holds its 2021 investor day. CEO Hans Vestberg and other senior executives will discuss the company’s progress on its 5G rollout, as well as the results of the recent FCC C-band spectrum auction, where Verizon successfully bid $45 billion, more than all of the other U.S. wireless carriers combined.
The Bureau of Labor Statistics reports the consumer price index for February. Economists forecast a 0.6% month-over-month gain, after a 0.3% rise in January. The core CPI, which excludes volatile food and energy prices, is expected to edge up 0.2%, compared with a flat reading in January.
Thursday 3/11
The ECB announces its monetary-policy decision. It is expected to keep its deposit rate unchanged at negative 0.5%, even as bond yields have risen sharply this year on expectations of strong economic growth.
DocuSign, JD.com, and Ulta Beauty hold conference calls to discuss earnings.
T-MobileUS has an analyst day, when senior leadership will discuss the company’s strategic priorities as well as provide an update on the synergies achieved almost a year after the merger with Sprint was completed.
IHS Markit and S&P Global hold special shareholder meetings to seek approval for their proposed $44 billion merger, first announced in late November. If the all-stock transaction is completed, S&P Global shareholders will own about 68% of the combined entity, with IHS Markit shareholders owning 32%.
Friday 3/12
AT&T holds an analyst day to update its business strategy and discuss its capital-allocation plans.
The BLS releases the producer price index for February. Expectations are for a 0.5% monthly rise in the PPI, and a 0.2% uptick the core PPI. This compares with gains of 1.3% and 1.2%, respectively, in January.
Write to Nicholas Jasinski at [email protected]
