Apple, Amazon, McDonald’s Headline Busy Earnings Week


com Inc., Apple Inc.

and Metaplatforms Inc.

they are among the tech heavyweights to appear in an earnings-packed week that investors will be scrutinizing for indicators about the broader economy.

Other tech companies scheduled to release their latest quarterly reports include Google parent company Alphabet. Inc.

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and Microsoft corporation

Investors will also hear from airlines like Southwest Airlines Co.

and JetBlue Airways corporation

automotive companies General Motors Co.

and Ford Motor Co.

and energy giants Chevron corporation

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and Exxon Mobil Corp.

Nearly a third of the S&P 500, or 161 companies, is scheduled to report earnings next week, according to FactSet. Twelve benchmarks of the Dow Jones Industrial Average, including Boeing Co.

and McDonald’s‘s

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Corp., are also expected to report.

The flurry of results from a broad set of companies will give insight into how companies are faring as they grapple with inflation hitting consumer spending, ongoing supply chain challenges and a stronger dollar.

People were waiting for Apple’s latest iPhones to launch in New York last month. The company will report quarterly results on Thursday afternoon.



One area that has faced challenges has been travel. Several airlines have reported that consumers are still keen to spend on travel and vacations. On Friday, American Express Co.

raised its outlook for the year in part due to an increase in travel spending.

“We expected the recovery in travel spending to be a tailwind for us, but the strength of the rebound has exceeded our expectations throughout the year,” American Express Chief Executive Stephen Squeri said.

In addition to airline reports, companies such as car rental company Hertz Global Holdings Inc.

and lodging companies Hilton Worldwide Holdings Inc.

and Wyndham Hotels & Resorts Inc.

will offer readings at leisure expense.

Overall, earnings for S&P 500 companies are on track to rise 1.5% in this period compared to a year ago, while revenue is forecast to grow 8.5%, FactSet said.

Other companies will serve as an indicator of how consumers have responded to higher prices and whether they have altered their spending as a result. Coke Co.

and Kimberly-Clark corporation

Tuesday and Kraft Heinz Co.

Wednesday will show how consumers are digesting higher prices. Mattel Inc.,

scheduled to report on Tuesday, will highlight whether demand for toys remains resilient. rival hasbro Inc.

issued a warning before the holiday season.

United Parcel Service Inc.

will post its results on Tuesday and provide an opportunity to show how it’s doing ahead of the busy shipping season. The Atlanta-based airline’s earnings come weeks after rival FedEx corporation

it warned of an impending global recession and outlined plans to raise shipping rates on most of its services in January to deal with a global slowdown in business.

Results of Visa credit card companies Inc.

and MasterCard Inc.

It will offer insight into whether inflation has finally taken its toll on consumer spending after both companies reported resilient numbers last quarter.

Wireless carrier T-Mobile USA inc.

Thursday’s figures will give more context to mixed results from competitors Verizon Communications Inc.

and AT&T Inc.

AT&T issued an upbeat outlook on Thursday after its core wireless business beat company expectations, while Verizon said on Friday profits fell as retail customers balked at recent price increases.

Other notable companies that lined up to report include Chipotle Mexican Grill Inc.

Tuesday, giant chicken Pilgrim’s Pride corporation

on Wednesday and chipmaker Intel corporation


Email Denny Jacob at [email protected]

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