Breakfast on Wall Street: The Week Ahead

The February Consumer Price Index report will be closely watched next week. Economists expect the headline CPI to rise 0.4% month-over-month for February and 0.3% once food and energy categories are excluded. Inflation is expected to show an increase of 3.1% year-on-year for the month. Other economic reports expected to be released include the Producer Price Index report, the Retail Sales report and the University of Michigan’s latest reading on consumer confidence.

After adding it all up, investors could walk away with new interest rate expectations. Currently, Goldman Sachs believes the first rate cuts from the Federal Reserve, European Central Bank, Bank of England and Bank of Canada will occur in June. However, forecasts are less clear, with central bankers reluctant to provide guidance too far in advance. Weighing the FOMC tea leaves, Lawrence Fuller, head of Seeking Alpha Investing, expects weaker wage data and a continuation of the disinflationary trend that would then allow the Federal Reserve to cut rates sooner, l with the economy on track for a soft landing.

The earnings calendar for the coming week is dominated by Oracle (ORCL) (analysis) and consumer-facing companies such as Dollar Tree (DLTR), Kohl’s (KSS) and DICK’S Sporting Goods (DKS).

Meanwhile, the conference schedule is very busy during the week, including Deutsche Bank’s Media, Internet and Telecommunications Conference and Barclays’ 26th Annual Global Healthcare Conference. Investors will also have their eyes on Starbucks’ (SBUX) annual shareholder meeting. In healthcare, the FDA action date arrives for Madrigal Pharmaceuticals’ (MDGL) Resmetirom, which has the potential to become the first and only drug approved for the liver disease NASH. Finally, the stock market could experience additional volatility at the very end of the week with a triple witching day on March 15 with the simultaneous expiration of stock options, stock index futures and stock index options contracts .

Spotlight on results: Monday March 11 – Oracle (ORCL), Casey’s General Stores (CASY) and Asana (ASAN).

Spotlight on results: Tuesday March 12 – On Holding (ONON), Kohl’s (KSS) and International Game Technology (IGT).

Spotlight on results: Wednesday March 13 – Dollar Tree (DLTR), Petco Health and Wellness (WOOF), Williams-Sonoma (WSM) and Lennar (LEN).

Spotlight on results: Thursday March 14 – DICK’S Sporting Goods (DKS), Dollar General (DG), Adobe (ADBE), Blink Charging (BLNK) and Ulta Beauty (ULTA).

Spotlight on results: Friday March 15 -Jabil (JBL). View the full earnings schedule.

Volatility Monitoring: Options trading volume is high in Enviva (EVA) and BigBear.ai Holdings (BBAI). The list of heavily sold stocks heading into the new week includes Bowlero (BOWL) and Celsius Holdings (CELH). The most overbought stocks based on their 14-day relative strength index include Envoy Medical (COCH), EMCOR (EME), and Vistra (VST). The most oversold stocks based on their 14-day relative strength index include Pine Cliff Energy (OTCQX:PIFYF), Power & Digital Infrastructure Acquisition II (XPDB), and Inari Medical (NARI).

IPO Monitoring: No new IPO offerings are expected in the coming week. Post-IPO quiet periods expire on American Healthcare REIT (NYSE:AHR), Kyverna Therapeutics (KYTX), Telomir Pharmaceuticals (NASDAQ:TELO), Metagenomi (NASDAQ:MGX) and BBB Foods (TBBB) to allow analysts to release increase in grades. A block of Solowin (SWIN) shares will see the IPO lock-up period expire.

Investor events: AT&T (T), eBay (EBAY), fuboTV (FUBO), Fox Corporation (FOXA), and Warner Music (WMG) are some of the notable companies expected to present at the Deutsche Bank Media, Internet & Telecom conference. The long list of companies at the JP Morgan Industrials conference includes Delta Air Lines (DAL), Honeywell (HON) and Canadian Pacific Kansas City (CP). Meanwhile, the healthcare industry will be on alert with the 26th Annual Barclays Global Healthcare Conference and Leerink Partners Global BioPharma Conference taking place during the week. Other notable events for investors include the Cisco Systems Technical Conference (CSCO) and the Starbucks Corporation (SBUX) Annual Meeting of Shareholders.