The market participants will be watching earnings results from retail giant Walmart, U.S. housing data, the strength of the consumer data, and the Commerce Department’s monthly retail sales report.
Analysts expect retail data to increase by 0.9% in January. After the slum in December 2020, it will be the first increase in three months. The slowing of sales at the restaurants, bars, and stores caused a sales drop of 0.7% at the end of 2020.
In the third quarter, Amazon grew e-commerce sales by 79%. The investors will be focusing on whether the company has maintained the rise in e-commerce to continue with this pace and compare competitors like Amazon (AMZN) and Target(TGT). Black Friday deals will be included in Amazon’s quarterly earnings results.
The retail giant, Walmart, managed to become one of the pandemic winners. Analysts expect that the fourth-quarter results that will be released by Thursday afternoon will likely show another increase in terms of sales growth.
Today, experts and market participants will watch Daimler, the German car manufacturer. Daimler recalls back 1.29 million vehicles sold since 2016 because of software issues.
On Monday, oil prices have gone up to their highest levels since January of 2020. New tensions in the Middle East have boosted oil.
Below you can find the daily Earnings calendar for the week.
Tuesday: CVS (CVS), Advance Auto Parts (AAP), Palantir (PLTR) before market open; Avis Budget Group (CAR), Occidental Petroleum (OXY), Devon Energy Corporation (DVN), American International Group (AIG) after market close
Friday: Deere (DE) before market open