This week’s highlight will be September labor market data on Friday, along with more economic data and several corporate earnings releases and investor events.
PepsiCo reports its latest results on Tuesday, followed by
Constellation marks and
Levi Strauss on Wednesday and
Conagra brands on Thursday.
Marvell technology and
VMware will hold investor days on Wednesday and Thursday.
Tesla holds its annual shareholders’ meeting on Thursday. It could get interesting: An influential proxy advisory firm has recommended investors vote against the re-election of two directors to Tesla’s board of directors, citing excessive compensation.
The Bureau of Labor Statistics released September employment data on Friday. Economists forecast an average employment increase of 425,000, after 235,000 increases in August. The unemployment rate is expected to fall from 5.2% to 5.1%.
Other economic data released this week include the Institute for Supply Management’s Service Purchasing Managers’ Index for September and the Bureau of Economic Analysis sales report for September, both on Tuesday.
Monday, April 10th
Amgen will host a conference call to discuss new clinical trial data for its anti-inflammatory drug portfolio.
PepsiCo announces results for the third quarter of fiscal year 2021.
The economic office The analysis reports sales of light vehicles for September. Cox Automotive forecasts a seasonally adjusted annual rate of 12.1 million vehicles sold, one million fewer than in August. If the estimate proves correct, it would be the slowest pace in auto sales since May 2020 and a 26% decline from last September. Car sales have been hampered by a shortage of new vehicles.
The Institute for Supply Management publishes its Service Purchasing Managers’ Index for September. The consensus estimate is 59, more than two points below the August figure.
ADP publishes its national employment September report. Economists are forecasting an increase of 475,000 jobs in the private sector after adding 374,000 jobs in August.
Constellation Brands and Levi Strauss report wins.
Costco Wholesale reports sales data for September.
Marvell Technology is hosting a virtual investor day.
Conagra brands and
Lamb Weston Holdings Hold conference calls to discuss quarterly results.
Read stock organizes an investor day.
VMware hosts a financial analyst meeting. CEO Raghu Raghuram will be on the management team to discuss the company’s strategy and products.
Tesla holds its annual shareholders meeting. Proxy consulting firm
Institutional Shareholder Services recently recommended that investors vote against the re-election of James Murdoch and Kimbal Musk to Tesla’s board of directors. ISS noted concerns about excessive compensation for designated officers and non-executive directors. James Murdoch is the son of media mogul Rupert Murdoch, the CEO of News Corp, the Barrons. Kimbal Musk is the brother of Elon Musk, the CEO of Tesla.
The Ministry of Labor reports initial jobless claims for the week ending October 2nd. In September, jobless claims averaged 340,000 per week, the lowest level since the pandemic began, but still increased compared to pre-pandemic levels.
The employment office Statistics publishes the job report for September. The economy is forecast to have created 425,000 jobs, up from 235,000 in August. The unemployment rate is expected to fall from 5.2% to 5.1%. Around 5.3 million jobs have been missing since the beginning of the pandemic.
Write to Nicholas Jasinski at email@example.com