The Week Ahead: Earnings From Disney and Discovery

Jeremy Glaser: It looks set to be a quieter week as earnings die down.

Disney reports on Tuesday. It's a busy time for the firm as it tries to gain regulatory approval for its Fox acquisitions, launch its direct-to-consumer streaming businesses, and deal with the headwinds facing ESPN as more consumers cut the cable cord. Analyst Neil Macker thinks the wide-moat firm is undervalued heading into earnings.

Macker also sees value in Discovery, which will also report on Tuesday. The narrow-moat firm is trying to bulk up with the purchase of Scripps, and Macker thinks that investors with a long time horizon should take a closer look.

Inflation data is the key economic report, with the consumer price index on Thursday. We'll also be watching for job openings and the University of Michigan consumer sentiment gauge.

Stay tuned for our take on these stories.