Walmart, Alibaba, Moderna, and more stocks to watch this week

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US stock and bond markets will remain closed Monday for Presidents Day. After that, investors can look forward to a wealth of earnings and economic data.

home depot
,

Walmart
,

And

Palo Alto Networks

are set to report results on Tuesday followed by

Lucid group
,

eBay
,

And

TJX

On Wednesday.

Alibaba
,

Autodesk
,

Block,

posting balances
,

Intuitive
,

keurig dr Pepper
,

modern
,

Newmont
,

And

Warner Bros. Discovery

Headline a crowded Thursday.

S&P Global will release its manufacturing and services purchasing managers’ indices for February on Tuesday. Consensus estimates are for the PMI for manufacturing at 47.2 and for services at 46.7, both roughly in line with the January data. The National Association of Realtors will also report existing home sales for January. A seasonally adjusted annual rate of 4.1 million homes is expected to be sold.

On Wednesday, the Federal Open Market Committee will release minutes from its early February monetary policy meeting.

The Bureau of Economic Analysis released its second estimate of fourth-quarter gross domestic product growth on Thursday. Economists are forecasting that GDP has grown at a seasonally adjusted annual rate of 2.5%.

The BEA wraps things up on Friday when it reports personal income and expenses for January. Consensus expectations call for income and spending to both increase by 1% month over month.

Monday 20.02

Stocks and fixed income securities Markets are closed for Presidents Day.

Tuesday 21.02

hardware store,

Ingersol Rand
,

Keysight Technologies
,

Medtronic
,

Molson Coors drink
,

Palo Alto Networks,

Public Service Group
,

Public Storage, Real Estate Revenue,

SBA communication
,

and Walmart announce earnings.

S&P Global publications both the manufacturing and services PMIs for February. Consensus estimates are for the PMI for manufacturing at 47.2 and for services at 46.7, both roughly in line with the January data. Both indices have been below 50 since November, suggesting contraction in their respective sectors.

The national association of Realtors reports existing home sales for January. A seasonally adjusted annual rate of 4.1 million homes is expected to be sold, 80,000 more than in December. Existing home sales have declined for 11 straight months as the housing market is among the sectors most sensitive to Federal Reserve rate hikes.

Wednesday 22.02

NVIDIA

reports results for the fourth quarter of fiscal 2023. Shares at the largest semiconductor company by market value have soared 46% this year, in part due to enthusiasm for artificial intelligence stocks fueled late last year by the release of the AI-powered chatbot ChatGPT.

Coterra energy
,

DaVita
,

eBay, Lucid Group, Pioneer Natural Resources and TJX Cos. publish quarterly results.

The Federal Open Market The Committee publishes the minutes of its monetary policy meeting in early February. Economic data released since the meeting, including a blowout jobs report and hotter-than-expected consumer and producer price indexes, has called into question the disinflation Fed Chair Jerome Powell delivered at his post-meeting press conference .

Thursday, 02/23

Alibaba Group Holding,

American Electric Power
,

American Tower, Autodesk, Block, Booking Holdings, Intuit, Keurig Dr. Pepper, Moderna, Newmont and Warner Bros. Discovery are holding conference calls to discuss earnings.

The Economic Office Analysis announces its second estimate of fourth-quarter gross domestic product growth. Economists are forecasting that GDP has grown at a seasonally adjusted annual rate of 2.5%, down four-tenths of a percentage point from the BEA’s preliminary estimate released in late January.

Friday 02/24

The BEA reports personal income and expenses for January. The consensus is that both revenue and expenses are up 1% month-over-month. This compares to an increase of 0.2% and a decrease of 0.2% in December. The Federal Reserve’s preferred indicator of inflation, the core price index of personal consumption spending, is expected to show a year-on-year increase of 4.3%, a tenth of a percentage point lower than previously.

write to Connor Smith at connor.smith@barrons.com