January 25, 2022

Vision Cim

Thank Business Its Friday

Job openings, consumer prices, Costco and GameStop earnings top week ahead

Investors will begin the week after a surge in volatility fueled by omicron fears and rising inflation. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34580.08 -59.71 -0.17%
SP500 S&P 500 4538.43 -38.67 -0.84%
I:COMP NASDAQ COMPOSITE INDEX 15085.471504 -295.85 -1.92%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. 

Monday 12/6

BuzzFeed is set to begin publicly trading Monday on the Nasdaq under the ticker symbol BZFD following shareholder approval on Friday for a business combination with special purpose acquisition company 890 5th Avenue Partners. The news publisher raised $16.2 million held in trust and expects to raise approximately $150 million in fully committed convertible notes after the majority of its investors pulled out of the deal, according to the Wall Street Journal. 

During the shareholder vote, BuzzFeed’s union employees staged a walkout in an effort to pressure the company to offer better pay and benefits. In addition, the union is demanding more creative control over their work and to not be disciplined over traffic and revenue metrics.   

Ticker Security Last Change Change %
CME CME GROUP, INC. 225.26 -1.29 -0.57%

In addition, CME Group is slated to launch Micro Ether futures on Monday, pending regulatory review. 

Sized at one-tenth of one ether, Micro Ether futures will provide an efficient, cost-effective way for investors to hedge their spot ether price risk or more nimbly execute ether trading strategies. The CME Group has traded more than 675,500 Ether futures contracts since their launch in February. In addition, the CME launched Micro Bitcoin futures in May, which have traded more than 2.7 million contracts. 

Ticker Security Last Change Change %
SHAK SHAKE SHACK 69.80 -3.54 -4.83%

It will also be a big day for Shake Shack, which will open its first-ever drive-thru location in Maple Grove, Minnesota. 

Tuesday 12/7

Earnings on the docket for Tuesday include AutoZone, Designer Brands, John Wiley & Sons before the market open and Casey’s General Stores, Dave & Buster’s, IDT and Toll Brothers after the bell.

Ticker Security Last Change Change %
AZO AUTOZONE, INC. 1,863.00 -5.29 -0.28%
DBI DESIGNER BRANDS, INC. 13.44 -0.52 -3.72%
JW.A JOHN WILEY & SONS, INC. 54.51 +0.17 +0.31%
CASY CASEY’S GENERAL STORES, INC. 195.77 -0.46 -0.23%
PLAY DAVE & BUSTER’S ENTERTAINMENT, INC. 30.16 -1.92 -5.99%
IDT IDT CORP 47.27 -0.82 -1.71%
TOL TOLL BROTHERS, INC. 68.26 -0.25 -0.36%

Investors will also take in economic data including the international trade deficit, labor costs, productivity, and consumer credit. In addition, Tuesday marks the last day for Medicare open enrollment. 

Wednesday 12/8

Investors will take in a slew of earnings before the market open on Wednesday including Brown-Forman, Campbell Soup, Dollarama, Korn Ferry, Solo Brands, United Natural Foods, Vera Bradley, while GameStop and Rent the Runway will take the spotlight after the bell. 

Ticker Security Last Change Change %
BF.B BROWN-FORMAN CORP. 72.38 +0.59 +0.82%
CPB CAMPBELL SOUP CO. 41.13 +0.61 +1.51%
DLMAF DOLLARAMA, INC. 43.56 -0.10 -0.23%
KFY KORN FERRY 71.27 -1.61 -2.21%
DTC SOLO BRANDS INC 15.78 -1.30 -7.61%
UNFI UNITED NATURAL FOODS, INC. 48.28 -1.25 -2.52%
VRA VERA BRADLEY, INC. 9.27 -0.38 -3.94%
GME GAMESTOP CORP. 172.39 -9.17 -5.05%
RENT RENT THE RUNWAY INC. 12.13 -0.45 -3.58%

The JOLTS report will be the main event for economic data on Wednesday. Other data includes weekly mortgage applications and the Energy Information Administration’s weekly report on crude stocks.

Ticker Security Last Change Change %
AAL AMERICAN AIRLINES GROUP, INC. 16.62 -0.80 -4.59%
DAL DELTA AIR LINES, INC. 36.00 -0.66 -1.80%
LUV SOUTHWEST AIRLINES CO. 44.28 -1.06 -2.34%
UAL UNITED AIRLINES HOLDINGS, INC. 40.61 -1.03 -2.47%
JBLU JETBLUE AIRWAYS CORP. 13.60 -0.25 -1.81%
ALK ALASKA AIR GROUP, INC. 48.57 -0.95 -1.92%
SAVE SPIRIT AIRLINES, INC. 21.47 -0.40 -1.83%

It will also be a busy day on Capitol Hill as the Senate Commerce Committee has invited the CEOs of American Airlines, Delta Air Lines, Southwest Airlines, United Airlines, JetBlue Airways, Alaska Airlines and Spirit Airlines to a hearing examining recent worker shortages despite billions of dollars doled out in pandemic assistance.

Ticker Security Last Change Change %
FB META PLATFORMS, INC. 306.84 -3.55 -1.14%

NEW YORK, NEW YORK – SEPTEMBER 13: Adam Mosseri, Head of Instagram speaks at The Costume Institute’s “In America: A Lexicon of Fashion” Exhibition Press Preview at the Metropolitan Museum of Art on September 13, 2021 in New York City. (Photo by Roy R (Roy Rochlin/Getty Images / Getty Images)

The head of Instagram, Adam Mosseri, is also set to testify before the Senate Consumer Protection Subcommittee about the app’s impact on younger users. 

Thursday 12/9

On Thursday, Hooker Furniture, Hormel Foods, and Hovnanian will deliver results before the market open while Broadcom, Costco Wholesale, Lululemon, and Vail Resorts will report after the bell. 

Ticker Security Last Change Change %
HOFT HOOKER FURNITURE 24.29 -0.06 -0.25%
HRL HORMEL FOODS CORP. 42.73 +0.77 +1.84%
HOV HOVNANIAN ENTERPRISES 97.46 -2.69 -2.69%
AVGO BROADCOM, INC. 558.12 +5.67 +1.03%
COST COSTCO WHOLESALE CORP. 528.93 +3.42 +0.65%
LULU LULULEMON ATHLETICA, INC. 435.72 -14.96 -3.32%
MTN VAIL RESORTS 327.43 -5.03 -1.51%

Thursday’s economic data will include real household wealth, weekly initial and continuing jobless claims, and wholesale inventories and sales. The Federal Reserve will also release its quarterly financial accounts of the United States.

Ticker Security Last Change Change %
CVS CVS HEALTH CORP. 90.87 +0.88 +0.98%
TSN TYSON FOODS, INC. 82.60 +1.81 +2.24%
VWAGY VOLKSWAGEN AG 28.45 -0.74 -2.54%

Other stocks to watch will be CVS Health and Tyson Foods, which will hold investor day presentations, and Volkswagen, which will submit its five-year investment plan. Thursday also marks the deadline for Apple to allow third-party payments on its App Store. In addition, Roku will lose the YouTube app as a result of an ongoing feud with Google.

Ticker Security Last Change Change %
AAPL APPLE, INC. 161.84 -1.92 -1.17%
ROKU ROKU, INC. 205.55 -4.71 -2.24%
GOOGL ALPHABET, INC. 2,840.03 -19.29 -0.67%

A notable event to watch will be Blue Origin’s third and final human spaceflight of 2021, which will carry two honorary guests and four paying customers. 

Blue Origin NS-19 crew (Credit: Blue Origin)

Blue Origin NS-19 crew (Credit: Blue Origin) (Blue Origin)

Good Morning America co-anchor Michael Strahan and Laura Shepard Churchley, the eldest daughter of Alan Shepard, who was the first American to fly to space. Meanwhile, space industry executive and philanthropist Dylan Taylor, investor Evan Dick, Bess Ventures founder Lane Bess and his son, Cameron Bess, will be the four paying customers. Lane and Cameron Bess will become the first parent-child pair to fly in space.

Friday 12/10

Wrapping up the week will be earnings from Blade Air Mobility and Johnson Outdoors before the market open as well as the consumer price index, core inflation, the University of Michigan’s consumer sentiment index and the Fed’s five-year inflation estimate.

Ticker Security Last Change Change %
BLDE BLADE AIR MOBILITY INC. 8.04 -0.35 -4.17%
JOUT JOHNSON OUTDOORS 97.59 -2.82 -2.81%

Daimler AG will also spin off its truck unit as part of an effort to cut costs and boost its profit margins. Daimler Truck will list on the Frankfurt stock exchange on Dec. 10.