All eyes are on Iran at the moment but let’s change gears for a moment and have a look at the US earnings calendar.
The last few weeks have been dominated by mega-cap tech and AI infrastructure, this week provides the a read-through on the global consumer. We have major discount retailers, big-box tech stores, and the king of warehouse clubs all on deck.
Here is the breakdown of the key macro themes to watch.
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The Retail Bellwethers: This is the most important week of the quarter for the consumer outlook. With Target (TGT), Costco (COST), Kroger (KR), and Best Buy (BBY) reporting, we will see exactly where household budgets are being spent. Look for commentary on grocery inflation, discretionary spending pullbacks, and inventory levels heading into the spring.
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Semiconductors & Networking: While NVIDIA dominates the GPU conversation and last week’s price action was terrible, Broadcom (AVGO) and Marvell (MRVL) are essential for the networking and custom silicon side of the AI trade. Their guidance will indicate if data center build-outs are continuing at their breakneck pace. I’d hate to be a company that misses right now.
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Cloud & Cybersecurity: We get another pulse check on enterprise software spending with CrowdStrike (CRWD), MongoDB (MDB), and Okta (OKTA). CrowdStrike in particular will be closely watched to gauge the ongoing demand for endpoint security and vendor consolidation in the cyber space.
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Crypto Proxies & Clean Energy: For those tracking peripheral macro themes, Bitcoin miner Riot Platforms (RIOT) reports Monday afternoon, while alternative energy names like Plug Power (PLUG) and EVgo (EVGO) will provide updates on the EV and hydrogen infrastructure rollout.
Earnings Schedule (AM/PM)
Monday
AM: Norwegian Cruise Line (an activist target lately), Xeris Biopharma, California Resources, AAON, Compugen, Astrana Health, ADT, Sealed Air, uniQure
PM: Credo, Riot Platforms, BigBear.ai, MongoDB, Plug Power, Quantum Computing Inc, AST SpaceMobile, AES, Archer, Ouster
Tuesday
AM: Target, Best Buy, Sea, AutoZone, Paysafe, Anta, Sportradar, On, EVgo, 908 Devices
PM: CrowdStrike, GitLab, Rigel, MEC, Fuel Tech, Rayonier Advanced Materials, Box, B&G Foods, Evolus, Horizon Technology
Wednesday
AM: Abercrombie & Fitch, Dycom, Wix, Stevanato Group, SmartRent, Holley, European Wax Center, National Vision, EyePoint Pharmaceuticals, Riskified
PM: Broadcom, Rigetti, Veeva, Okta, Ooma, Webull, American Eagle Outfitters, Stem, Niagen, Cracker Barrel
Thursday
AM: Ciena, Amprius, Kroger, JD.com, Liquidia, Tango Therapeutics, Victoria’s Secret, Burlington, Kura Oncology, Bilibili
PM: Marvell, Costco, GoPro, Samsara, Pattern, Omada, Petrobras, AudioEye, Guidewire
Friday
AM: Algonquin, Drilling Tools, Genesco, Embraer, Eve
This article was written by Adam Button at investinglive.com.
