The Week Ahead: Inflation Data on Tap, Coke and Pepsi Report
Jeremy Glaser: Earnings will continue to drip in this week. PepsiCo, Coca-Cola, and Dr. Pepper Snapple are all on tap. Analyst Sonia Vora expects Pepsi to end the year on solid footing as it shifts away from carbonated soft drinks. For Coke, Vora notes that the firm has been showing good pricing power as it refranchises its bottling operations even as volume growth remains tepid. The focus for Dr. Pepper will be on its upcoming merger with Keurig.
Other earnings include hotel brands Hilton and Marriott; CBS, which is conserving re-combining with Viacom again; Campbell Soup; and Kraft Heinz.
Some of the recent volatility in the markets has been ascribed to inflation fears, so Wednesday's consumer price index reading will be closely watched. Other data includes retail sales, industrial production, and housing starts.
Stay tuned for our take on all of these stories.