Economy What you should know in the coming week

What you should know in the coming week

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It is a shortened trading week when the main U.S. markets are closed on Monday for President’s Day. The Coronavirus, Federal Open Market Committee (FOMC) meeting minutes and Walmart earnings will be in the spotlight this week.

<h2 class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "coronavirus“data-reactid =” 16 “>coronavirus

The corona virus, formerly known as COVID-19, has killed more than 1,500 people and infected more than 67,000 worldwide. France’s health minister announced the first death of the European corona virus. The 80-year-old Chinese tourist was in France in January and was hospitalized for pneumonia. In the past two months, the deadly corona virus has caused chaos worldwide. World markets are getting mixed up and multinational companies are beginning to feel the effects.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "So far, technology companies, including Cisco (CSCO) and Nvidia (NVDA); consumer-oriented companies like Nike (NKE), Under Armor (UAA) and Esteé Lauder (EL); In addition, airlines, casinos, and cruise companies have stated that the corona virus will have a significant impact on their businesses and supply chains. “data-reactid =” 18 “> So far, technology companies, including Cisco (CSCO) and Nvidia (NVDA), have focused on consumers such as Nike (NKE), Under Armor (UAA) and Esteé Lauder (EL) as well as airlines, casinos and Cruise companies have stated that the corona virus will have a significant impact on their businesses and supply chains.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" We continue to believe in the scale of the crisis in China continues to be undervalued, with significant potential economic impacts from declining consumption, but most importantly, a significant supply chain disruption to many industries, ”wrote Larry Adam, Raymond James chief investment officer.Weekly headlines“He went on to say,” When China will lift travel restrictions and allow factories to reopen fully, open questions remain and the key to determining the future impact of Chinese economic growth. “” Data-reactid = “19”> “We continue to believe in the scale of China’s crisis continues to be undervalued, with significant potential economic repercussions due to declining consumption, but possibly especially a significant disruption in supply chains for many industries.” Larry Adam, Raymond James’ chief investment officer, wrote in Weekly Headings. “When China will lift travel restrictions and allow factories to reopen completely, open questions remain and the key to determining the future impact of Chinese economic growth.”

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Even if the threat of corona virus shows no end It can, however too early to determine the actual material impact on companies, but to understand the current situation at company level, FactSet searched for the term “Coronavirus” in the conference call logs on the earnings of the 364 S&P 500 companies that held conference calls from January 1 to February 13 on the fourth quarter results. “data-reactid =” 20 “> Even though there is no end to the corona virus threat, FactSet searched the transcripts of the 364 S&P 500 companies’ conference calls to understand the current situation at company level who had hosted the fourth quarter earnings conference, calling coronavirus calls from January 1 through February 13.

“Of these 364 companies, 138 (or 38%) gave the term” coronavirus “during the call. At the sector level, most companies in the industry (26), information technology (26) and healthcare (24) sectors have discussed corona virus in earnings calls across all eleven sectors. For the 138 companies that discussed corona virus in their fourth quarter earnings calls, the average sales risk in China is 7.2%. For all S&P 500 companies, the average sales risk in China is 4.8%, ”says FactSet.

<h2 class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart revenue“data-reactid =” 22 “>Walmart revenue

The earnings season is coming to an end. 77% of S&P 500 companies reported fourth quarter results. Among the companies reporting this week, investors will pay close attention to retail giant Walmart when they report the holiday quarter’s results on Tuesday before the bell. Analysts surveyed by Bloomberg expect Walmart to post adjusted earnings of $ 1.44 per share on sales of $ 142.57 billion.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Walmart's announcement on Tuesday will provide clues as to the retailer During the key Christmas season, it was a month ago that rival Target (TGT) shocked investors when they reported a shorter than expected Christmas business season. Revenue in the same store, a key industry metric, rose a modest 1.4% in November and December, compared to 5.7% growth in the same period last year. “Data-reactid =” 24 “> Walmart’s Tuesday announcement will provide clues as to how retailers performed during the key Christmas business season, while rival Target (TGT) shocked investors a month ago when it reported a shorter than expected Christmas business season. Revenue in the same store, a key industry indicator, grew modestly by 1.4% in November and December, compared to 5.7% growth in the same period last year.

<h2 class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "FOMC minutes“data-reactid =” 25 “>FOMC minutes

The release of the FOMC minutes of the meeting in January on Wednesday is unlikely to contain many surprises, but would make things clearer.

“[The minutes] can provide some more details about the ongoing strategy review or the Fed’s plans to recall its repo auction offers and slow the pace of its Treasury bills purchases, “Capital Economics wrote in a note on February 14th.” The strategy review will not take place until mid of the year closed, so it is unlikely that we will get strong steering in these minutes. However, officials may be discussing policy changes – including switching to an average inflation target or at least including the language in the statement, which signals that the Fed would be more open to allowing inflation to overshoot inflation after a decade. The statement made after this last meeting included a change that the Fed wanted inflation back to target rather than target. “

In the meantime, Credit Suisse economists pointed out that comments on global growth and the underlying risks will also be important in the minutes of the meeting.

“Chair Powell was optimistic about continued stabilization of global growth, but recently highlighted the coronavirus outbreak as a risk to global growth. The protocol likely showed that officials see a temporary negative shock to Chinese growth, a limited impact on the United States, and the need to monitor developments closely. Some participants may see a need to cut interest rates when downside risks arise, although Fedspeak has indicated since the meeting that officials are initially satisfied with the current policy stance. Markets are currently being priced at around one and a half rate cuts by the end of the year, ”the company said in a February 13 release.

<h2 class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "economic Calendar“data-reactid =” 34 “>economic Calendar

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Monday: Markets closed on the occasion of the President’s Day “data-reactid =” 35 “>Monday: The markets were closed on the occasion of President’s Day

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tuesday: Empire Manufacturing, February (5.0 expected, 4.8 in January); NAHB Housing Market Index, February (75 expected, 75 in January); Long-Term Net TIC Flows, December ($ 22.9 billion in November); Total Net TIC Flows, December ($ 73.1 billion in November) “data-reactid =” 36 “>Tuesday: Empire Manufacturing, February (5.0 expected, 4.8 in January); NAHB Housing Market Index, February (75 expected, 75 in January); Long-Term Net TIC Flows, December ($ 22.9 billion in November); Total Net TIC Flows, December ($ 73.1 billion in November)

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<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wednesday: MBA mortgage applications, week of February 14 (1.1% previously); Start of construction, January (1.415 million expected, 1.608 million in December); Building permits, January (1.450 million expected, 1.420 million in December); PPI final demand month by month, January (0.1% expected, 0.2% in December); PPI without food & amp; Energy month after month, January (0.2% expected, 0.1% in December); Final PPI demand year on year, January (1.7% expected, 1.3% in December); PPI without food & amp; Energy YoY, January (1.4% expected, 1.1% in December) “data-reactid =” 37 “>Wednesday: MBA mortgage applications, week of February 14 (1.1% previously); Start of construction, January (1.415 million expected, 1.608 million in December); Building permits, January (1.450 million expected, 1.420 million in December); PPI final demand month by month, January (0.1% expected, 0.2% in December); PPI excluding Food & Energy on a monthly basis, January (0.2% expected, 0.1% in December); Final PPI demand year on year, January (1.7% expected, 1.3% in December); PPI excluding Food & Energy in January compared to the previous year (1.4% expected, 1.1% in December)

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Thursday: Philadelphia Fed Business Outlook, February (12.0 expected, 17.0 in January); Initial jobless claims, week ending February 15 (210,000 expected, 205,000 before); Continued claims, week ending February 8 (1.688 million previously); Bloomberg Consumer Comfort, week ending February 16 (65.7 before); Leading index, January (0.4% expected, -0.3% in December) “data-reactid =” 38 “>Thursday: Philadelphia Fed Business Outlook, February (12.0 expected, 17.0 in January); Initial jobless claims, week ending February 15 (210,000 expected, 205,000 before); Continued claims, week ending February 8 (1.688 million previously); Bloomberg Consumer Comfort, week ending February 16 (65.7 before); Leading index, January (0.4% expected, -0.3% in December)

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Friday: Markit US Manufacturing PMI, preliminary February (51.5 expected, 51.9 pre); Markit U.S. Services PMI, preliminary in February (53.5 expected, 53.4 before); Markit US Composite PMI, preliminary February (53.3 pre); Existing home sales, January (5.45 million expected, 5.54 in December) “data-reactid =” 39 “>Friday: Markit US Manufacturing PMI, preliminary February (51.5 expected, 51.9 pre); Markit U.S. Services PMI, preliminary in February (53.5 expected, 53.4 before); Markit US Composite PMI, preliminary February (53.3 pre); Existing home sales, January (5.45 million expected, 5.54 in December)

<h2 class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "result Calendar“data-reactid =” 40 “>result Calendar

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Monday: N / A “data reactid =” 41 “>Monday: N / A

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tuesday: Advance auto parts (AAP), Walmart (WMT) before market opening “data-reactid =” 42 “>Tuesday: Advance Auto Parts (AAP), Walmart (WMT) before market opening

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wednesday: Boston Beer (SAM) after market close “data-reactid =” 43 “>Wednesday: Boston Beer (SAM) after market close

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Thursday: Avis (AUTOMOBILE), Dominos Pizza (DPZ), Jumping devil (JACK), Norwegian Cruise Line (NCLH), Viacom (VIAC) before market opening; Fitbit (FIT), Dropbox (DBX) after market close “data-reactid =” 44 “>Thursday: Avis (CAR), Dominos Pizza (DPZ), Jack in the Box (JACK), Norwegian cruise line (NCLH), Viacom (VIAC) before market opening; Fitbit (FIT), Dropbox (DBX) after market close

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Friday: N / A “data reactid =” 45 “>Friday: N / A

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "– –“data-reactid =” 46 “>– –

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Heidi Chung is a reporter for Yahoo Finance. Follow her on Twitter: & nbsp;@heidi_chung,“data-reactid =” 47 “>Heidi Chung is a reporter for Yahoo Finance. Follow her on Twitter: @heidi_chung,

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "More of Heidi:“data-reactid =” 48 “>More of Heidi:

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Here you will find live stock quotes and the latest business and financial news“data-reactid =” 53 “>Here you will find live stock quotes and the latest business and financial news

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on & nbsp;Twitter, & nbsp;Facebook, & nbsp;Instagram, & nbsp;Flipboard, & nbsp;LinkedInand & nbsp;reddit,“data-reactid =” 54 “>Follow Yahoo Finance on Twitter. Facebook. Instagram. Flipboard. LinkedIn, and reddit,

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