Top Stocks for Investors this Week: Airbnb, Coca-Cola, Shopify, Deere, DoorDash, Paramount, and More

In Tuesday's economic calendar, the Bureau of Labor Statistics will release its consumer price index for January. The consensus forecast is that the CPI increased 0.5% in the month and 6.2% year over year. The core CPI, which excludes food and energy components, is seen rising 0.3% in January and 5.4% from a year ago.

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Thursday will also be the day when the BLS releases the producer price index for January. Other releases this week include the National Federation of Independent Business’ Small Business Optimism Index for January on Tuesday, the Census Bureau’s retail sales for January on Wednesday, and the Conference Board’s Leading Economic Index for January on Friday.

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The 13th of February is Valentine's Day

Arista Networks, Cadence Design Systems, and SolarEdge Technologies report quarterly results.

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The 14th of February

Airbnb, Coca-Cola, Devon Energy, Ecolab, Exelon, GlobalFoundries, Marriott International, and Zoetis announce earnings.

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This month's Small Business Optimism Index is released by the National Federation of Independent Business. The consensus estimate is for a 90 reading, roughly even with December’s. The index has had 12 consecutive monthly readings below the 49-year average of 98, as inflation remains top of mind for small-business owners.

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Consumer price indexes for January are released by the Bureau of Labor Statistics. Economists forecast that the CPI will increase 6.2%, year over year, three-tenths of a percentage point less than in December. The core CPI, which excludes volatile food and energy prices, is seen coming in at 5.4%, down from 5.7%.

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The 15th of February

Among the companies announcing results are Albemarle, American International Group, Analog Devices, Barrick Gold, Biogen, Cisco Systems, Energy Transfer, Equinix, Fidelity National Information Services, Kraft Heinz, Martin Marietta Materials, Shopify, and Synopsys.

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Housing Market Index for February is released by the National Association of Home Builders. Expectations are for a 35 reading, even with January’s. The index is above its recent trough from December, ending a streak of 12 consecutive monthly declines, but the home-builder sentiment remains dour.

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Retail sales for January are reported by the Census Bureau. The consensus expectation is that retail spending increased by 1.4%, month over month. Excluding autos, spending is seen up 0.7%. Both figures decreased by 1.1% in December.

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Tuesday, February 16

According to the Bureau of Labor Statistics, the producer price index for January was released today. The consensus call is for the PPI to increase 5.4%, year over year, and the core PPI to rise 4.9%. This compares with gains of 6.2% and 5.5%, respectively, in December.

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A number of companies hold earnings conference calls, including Applied Materials, Constellation Energy, Digital Realty Trust, DoorDash, Hasbro, Laboratory Corp of America Holdings, Paramount Global, and Southern Co.

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The Census Bureau reports residential construction statistics for January. Expectations are for a seasonally adjusted annual rate of 1.37 million housing starts, slightly lower than the December figure.

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Friday, February 17

Results for the first quarter of fiscal 2023 are reported by Trade Algo.

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The leading Economic Index for January is released by the Conference Board. 

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Economists forecast a 0.3% month-over-month decline. The index has fallen for nine straight months. The trajectory of the LEI signals a recession in the next 12 months, according to the Conference Board.