Tesla, Levi’s, Constellation Brands, VMware and more stocks to watch this week


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This week’s highlight will be employment data for September Friday, along with other economic data and several corporate earnings releases and investor events.


PepsiCo

publishes its latest results on Tuesday, followed by


Constellation brands

and


Levi Strauss

wednesday and


Conagra brands

Thursday.


Marvell technology

and


VMware

will host investor days on Wednesday and Thursday, respectively.

On Thursday, Tesla will hold its annual meeting of shareholders. Things could get interesting: An influential proxy advisory firm has recommended investors vote against re-electing a pair of directors to Tesla’s board, citing excessive compensation.

The Bureau of Labor Statistics will release US employment data for September on Friday. Economists are forecasting job growth of 425,000 on average, following a gain of 235,000 in August. The unemployment rate is expected to fall to 5.1% from 5.2%.

Other economic data released this week included the Institute for Supply Management’s Service Purchasing Managers Index for September and the Bureau of Economic Analysis’s Light Vehicle Sales Report for September, both on Tuesday.

Monday 04/10


Amgen

is hosting a conference call to discuss new clinical trial data for its portfolio of inflammation drugs.

Tuesday 05/10

PepsiCo Reports Third Quarter Fiscal 2021 Results.

The Office of the Economy The analysis shows sales of light vehicles for September. Cox Automotive is forecasting a seasonally adjusted annual rate of 12.1 million vehicles sold, one million lower than in August. If the estimate turns out to be correct, it would be the slowest pace in auto sales since May 2020 and down 26% from last September. Car sales have been hampered by the lack of stocks of new vehicles.

The Institute of Supply Management releases its Service Purchasing Managers Index for September. The consensus estimate is for a reading of 59, more than two points below the August figure.

Wednesday 10/6

ADP publishes its National Employment report for September. Economists predict an increase of 475,000 jobs in the private sector, after adding 374,000 jobs in August.

Constellation Brands and Levi Strauss announce their results.


Wholesale Costco

reports sales data for September.

Marvell Technology is hosting a Virtual Investor Day.

Thursday 10/7

Conagra brands and


Lamb Weston Holdings

hold conference calls to discuss quarterly results.


Leidos Holdings

organizes an investor day.

VMware hosts a meeting of financial analysts. CEO Raghu Raghuram will be part of the management team on-site to discuss the company’s strategy and products.

Tesla holds its annual meeting of shareholders. Power of attorney consultancy


Institutional shareholder services

recently recommended investors vote against the re-election of James Murdoch and Kimbal Musk to Tesla’s board of directors. ISS raised concerns about the excessive compensation of the NEOs and non-executive directors. James Murdoch is the son of media mogul Rupert Murdoch, executive chairman of News Corp, who owns that of Barron. Kimbal Musk is the brother of Elon Musk, CEO of Tesla.

The Ministry of Labor reports the first jobless claims for the week ending October 2. For September, jobless claims were on average 340,000 per week, the lowest since the start of the pandemic, but still high from pre-pandemic levels.

Friday 08/10

The labor office Statistics release the employment report for September. The economy is expected to have added 425,000 jobs, following an increase of 235,000 in August. The unemployment rate is expected to fall to 5.1% from 5.2%. About 5.3 million jobs are still missing since the start of the pandemic.

Write to Nicholas Jasinski at [email protected]


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