Apple, Amazon, McDonald’s Headline Busy Earnings Week

Amazon.

com Inc., Apple Inc.

and meta-platforms Inc.

are among the tech heavyweights featured in a jam-packed week of earnings that investors will look to for indicators about the broader economy.

Other tech companies scheduled to report their latest quarterly earnings include Google parent Alphabet Inc.

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and Microsoft corp.

Investors will also hear from airlines such as Southwest Airlines Co.

and JetBlue Airways corp.

car company General Motors Co.

and Ford Motor Co.

and energy giants Chevron corp.

and Exxon Mobil Corp.

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Nearly a third of the S&P 500, or 161 companies, are expected to report earnings in the coming week, according to FactSet. Twelve bellwethers of the Dow Jones Industrial Average, including Boeing Co.

and McDonald’spp

Corp., is also expected to report.

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The flurry of results from a broad set of companies will provide a sense of how companies are faring as they deal with inflation that is denting consumer spending, ongoing supply chain challenges and a stronger dollar.

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


Photo:

ANDREW KELLY/REUTERS

One area that met the challenges has been travel. Several airlines have reported that consumers still have an appetite 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 recovery has exceeded our expectations throughout the year,” said American Express CEO Stephen Squeri.

In addition to the airlines reporting, companies such as the car rental company Hertz Global Holdings Inc.

and lodging company Hilton Worldwide Holdings Inc.

and Wyndham Hotels & Resorts Inc.

will offer reading on leisure spending.

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

Other companies will act as a gauge of how consumers have reacted to higher prices and whether they have changed their spending as a result. Coca Cola Co.

and Kimberly-Clark corp.

on Tuesday and Kraft Heinz Co.

on Wednesday will show how consumers digest higher prices. Mattel Inc.,

will report on Tuesday, will highlight whether demand for toys remains resilient. Rival Hasbro Inc.

issued a warning ahead of the holiday season.

United Parcel Service Inc.

releases its results on Tuesday and provides an opportunity to show how it is doing ahead of the busy shipping season. The Atlanta-based airline’s earnings come weeks behind rival FedEx corp.

warned of a looming global recession and outlined plans to raise freight rates on most of its services in January to counter a global slowdown in business.

Results from credit card company Visa Inc.

and MasterCard Inc.

will offer insights into whether inflation has finally put a dent in consumer spending after both companies reported resilient numbers last quarter.

Wireless carrier T-Mobile US Inc.’s

numbers on Thursday will give more context to mixed results from rival Verizon Communications Inc.

and to Inc.

AT&T issued a positive outlook on Thursday after its core wireless business beat the company’s expectations, while Verizon said on Friday that revenue fell as retail customers balked at recent price increases.

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

on Tuesday, the chicken giant Pilgrims Pride corp.

on Wednesday and chipmaker Intel corp.

on Thursday.

Write to Denny Jacob at [email protected]

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