Palantir, AMD, Alphabet and Amazon among the many names reporting subsequent week

The earnings calendar stays busy next week with major implications for the Nasdaq, the consumer outlook, and the AI trade.

This week was a major mixed bag with Meta and Microsoft going in opposite directions. The AI narrative faces another major test next week as Alphabet (GOOGL) and Amazon (AMZN) will drive sentiment for the Nasdaq 100. On the chip side, AMD, Arm Holdings, and Qualcomm will be pivotal for semiconductors.

Monday, February 2

• AM: Disney, Tyson Foods, Aptiv, IDEXX Labs, Hess

• PM: Palantir, NXP Semiconductors, Simon Property Group, Teradyne, Rambus

Tuesday, February 3

• AM: PayPal, PepsiCo, Pfizer, Merck, Eaton, Gartner

• PM: AMD, Super Micro, Chipotle, Enphase, Amgen, Prudential

Wednesday, February 4

• AM: Uber, Eli Lilly, Novo Nordisk, AbbVie, Boston Scientific, UBS, CME Group

• PM: Alphabet (Google), Arm Holdings, Qualcomm, Snap Inc., O’Reilly Auto Parts, elf Beauty

Thursday, February 5

• AM: ConocoPhillips, Shell, Bristol Myers Squibb, Estee Lauder, Cigna, Linde

• PM: Amazon, MicroStrategy, Reddit, Roblox, Affirm, Atlassian, Barrick Gold

Friday, February 6

• AM: Toyota, Biogen, Canopy Growth, Under Armour, Centene, AutoNation

Wednesday is something of a GLP showdown day as demand for the biggest drug in history is tested. Also, with Disney, PayPal, Uber, PepsiCo, and Amazon all reporting, we will get a very clear picture of whether the US consumer is tightening their belt or continuing to spend. Disney on Monday saying that it’s seeing strong theme park demand would go a long way towards quelling travel fears.

Here are some names to think about on the macro side:

• Eaton (ETN) – Tuesday AM: A critical bellwether for the “electrification” trade. Their earnings will tell us if the massive demand for data center power and grid infrastructure upgrades is sustaining.

• Cummins (CMI) – Thursday AM: A classic industrial proxy. As a major engine manufacturer for trucks, their guidance is a direct read on freight activity and the health of the heavy transport sector.

• Affirm (AFRM) – Thursday PM: While PayPal gives us payment volume, Affirm gives us “credit stress.” Watch their delinquency rates to see if the consumer is relying too heavily on Buy Now, Pay Later debt to stay afloat.

• Cemex (CX) – Thursday AM: A global proxy for construction and infrastructure. If cement volumes are down, it usually signals a slowdown in commercial and residential building projects.

• Tyson Foods (TSN) – Monday AM: A key inflation indicator. Their input costs and pricing power will show whether food inflation is truly sticky or finally easing for the average household.

• Barrick Gold (GOLD) – Thursday PM: With gold hovering near highs (or lows, depending on market context), Barrick serves as a check on mining costs and a proxy for the anti-fiat/inflation-hedge trade.