We are through the biggest market cap names on earnings and it was dramatic, with 10% moves in some of the world’s biggest companies. Next week switches the focus back to some smaller companies but many with good insight on the real economy, which is tough to pin down right now.
Monday
The week starts off relatively quiet, which is typical. The main event for the broader market will come after the closing bell with the semiconductor sector.
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Before Open: The main one I’m watching is Cleveland-Cliffs and colorful CEO Lourcenco Goncalves though we will also see reports from asset manager Apollo and software firm Monday.com. The private equity and software spaces are in tough right now.
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After Close: The spotlight is on Onsemi. This will be a key read for the automotive and industrial chip market, sectors that have been more volatile than the AI-centric data center trade. Also watching Goodyear for a pulse on auto parts/commodities.
Tuesday
Activity ramps up significantly with a mix of blue-chip consumer staples and high-growth tech.
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Before Open: The big macro tell here is Coca-Cola. It is the ultimate proxy for global consumer pricing power and inflation tolerance. We saw Pepsi cut prices on snacks last week. If volumes are down, it’s a warning sign for the consumer. We also get Marriott, which will give us the latest read on high-end travel demand, and CVS Health for the healthcare services sector. Datadog will provide a check-up on the cloud observability/SaaS space.
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After Close: A lot of eyes will be on Ford. The legacy auto sector is battling margin compression and the EV transition; their guidance will set the tone for industrial sentiment. We also get Lyft (gig economy/consumer mobility) and Zillow, which acts as a direct proxy for the housing market’s health. Robinhood will offer insight into retail trading engagement.
Wednesday
This is likely the most important day of the week from a macro perspective, covering everything from fast food to networking infrastructure.
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Before Open: McDonald’s is the headliner. Similar to Coke, this is a critical gauge of the lower-to-middle-income consumer. Weakness here often points to broader spending fatigue and last quarter the company really emphasized the k-shaped economy. Shopify will be a massive mover for the e-commerce sector and often drags stocks like Amazon or Etsy with it. We also get T-Mobile for telecom and Kraft Heinz for food inflation data.
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After Close: Cisco is the one to watch. As a bellwether for enterprise tech spending (beyond just AI), their forward guidance is often a leading indicator for business capex. We also have huge volatility potential in AppLovin and the lithium space with Albemarle.
Thursday
Thursday keeps the momentum going with a heavy focus on growth, crypto, and semiconductor capital equipment.
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Before Open: We get a look at the industrial/aerospace side with Howmet Aerospace. The consumer discretionary sector gets another check with Crocs and Birkenstock, while John Deere (often correlated with CNH Industrial/Ag) or similar machinery names are usually looked for around this time, though strictly from this list, we are watching Brookfield for real assets.
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After Close: This is a heavy tech session. Applied Materials (AMAT) is the standout. It is critical for confirming that the AI hardware build-out is trickling down to the equipment suppliers. Coinbase will likely move in tandem with Bitcoin’s recent price action. We also have DraftKings for the online gambling/consumer discretionary trade and Expedia for travel booking trends.
Friday
As usual, the week winds down with a lighter schedule, but there are still a few names to watch.
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Before Open: Energy infrastructure giant Enbridge reports, which is a key dividend staple and energy proxy. We also get Moderna for the biotech sector and Magna, which serves as another data point for the auto supply chain following Ford and Onsemi earlier in the week.
This article was written by Adam Button at investinglive.com.