IBM IBM and Coco-Cola KO are starting us off with earnings reports expected on Monday. On Tuesday, we are looking out for Netflix NFLX, Johnson & Johnson JNJ, Procter & Gamble PG, and Lockheed Martin LMT. Verizon Communications VZ is on our list for Wednesday, along with reports from AT&T T and Intel INTC on Thursday.
This week, the CDC and FDA recommended a pause for the Johnson & Johnson vaccine after six cases of severe blood clots were reported. There have been 6.8 million doses administered in the United States, and although we expect this pause to be temporary because of the rarity of the events, we do think this could slightly impact the timeline for herd immunity.
The pandemic boosted Procter & Gamble's performance as more consumers added personal, home cleaning, and health-related products to their carts. During the 2008-09 market downturn, the wide-moat company learned a lot of lessons, and we think Procter & Gamble will remain resilient when facing future market challenges.
As the third-largest telecom-services provider, AT&T is building a sharp edge in the industry against competitors Verizon and T-Mobile TMUS. With media powerhouse WarnerMedia in its arsenal as its second-largest segment, AT&T is set up to generate solid profitability.