This Week's Earnings Roadmap

Last week, stocks rose and helped both the Dow Jones and the S&P 500 indexes set new all-time records. So far this year, the S&P is now up over 25% while the is Dow slightly behind by gaining 19%. Earnings season continues this week with several major earnings reports, including the highly anticipated report from Walt Disney Corporation DIS and TripAdvisor TRIP among others.

Monday

PayPal

Dan Schulman, the CEO of PayPal Holdings Inc PYPL already warned that this would be a tough quarter because of the company's final separation from eBay Inc EBAY. After markets close, the fintech pioneer is slated to report its third-quarter earnings consensus expecting revenue growth of 14% and EPS growth of 1% YoY. If there's anyone positioned to unlock the opportunity in the move to mobile payments, it's PayPal.

AMC Entertainment

In an attempt to diversify its revenue, AMC Entertainment Holdings AMC announced last Thursday it is about to begin selling popcorn at mall kiosks, as well as bringing prepackaged and microwaveable popcorn to stores next year. Its rival Cinemark Holdings Inc CNK doubts that its new popcorn business will be a game-changer as the company has been selling pre-packaged popcorn at its movie theaters for four years and has been testing kiosks in malls in Brazil.

On Friday, Cinemark's CEO Mark Zoradi showed its skepticism by saying that the cinematic experience is what drives strong ticket sales in the wake of the coronavirus pandemic and although popcorn is part of that experience, it can never be as big as the movie itself. After the close, AMC will report how it did popcorn-free during its third quarter, with projected revenue being $708 million with an EPS loss of 53 cents, according to CNBC's Jim Cramer.

TripAdvisor

Management has been speaking of a significant pent-up demand that will fuel the business, but investors are more focused on seeing the impact of the delta variant on traffic trends as well as management's continued progress in cutting costs. Efficient cost management is imperative as it should lay the groundwork for record profitability perhaps as early as next year, under the condition that the travel industry fully recovers over the following few quarters.

Tuesday

Besides Upstart Holdings UPST, the fintech firm, which uses artificial intelligence to modernize the lending process and was just hired by Wells Fargo & Company WFC, Coinbase Global Inc COIN will report its third-quarter results after the bell. Expectations are high as things are exciting on the cryptocurrency front, with some viewing Coinbase's attitude as even arrogant.

DoorDash

The strength of Uber Technologies UBER food-delivery business in the third quarter may be a forerunner of strong results from DoorDash Inc DASH whose delivery gains are expected to outlive the pandemic.

Wednesday

The Wendy's Company WEN is expected to deliver results hopefully as good as McDonald's Corporation MCD latest results.

News from Disney's kingdom

The star of the day and overall week will certainly be Disney whose report could be rough as some of its theme parks haven't been operating at full capacity since being turned into dust by COVID-19. Meanwhile, the growth of its streaming star Disney+ also seems to be slowing. After pausing its dividend, Wall Street is waiting for the good news, especially after strong growth that rival Netflix NFLX recorded in October. Disney needs to show it can continue rising its average monthly prices as it expands into lower-cost markets.

Thursday

Before the opening bell, Yeti Holdings Inc YET, a profitable company known for its insulated mugs and coolers, is slated to report its third-quarter earnings. They're more than a pandemic winner thanks to their premium pricing, product cost improvements, and growing direct-to-consumer (DTC) channel.

Friday

Warby Parker  WRBY will be closing the week with its first quarterly results as a public company. Goldman Sachs is upbeat about the eyeglass retailer brick-and-mortar prospects.

Other events

The semiconductor company Nvidia Corporation NVDA will host its annual GPU Technology Conference on Monday through Thursday with the market expecting to be dazzled.

All in all, it seems that strong results could help the market weather a historically tough storm caused by supply chain disruptions and global shortages.

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