The Week Ahead: Yellen testimony, Cabela’s earnings, Valentine’s spending

Here’s a look at some of the stories Missouri Business Alert is tracking this week:

Top picks

• Federal Reserve Bank Chair Janet Yellen will deliver her semiannual testimony on monetary policy to the Senate Banking Committee on Tuesday. The testimony comes as GOP lawmakers are working to dismantle the Dodd-Frank Act and urging Yellen to abolish stress tests for banks.

• T-Mobile is scheduled to report earnings on Tuesday, providing a look at the recent performance of a telecom company that Sprint chairman Masayoshi Son mentioned last week in discussion of potential suitors and acquisition targets for Sprint.

• Valentine’s Day is expected to be a big revenue driver for candy companies, with Americans projected to spend $1.7 billion buying candy for the holiday, according to the National Retail Federation.

• Cabela’s, which last year agreed to a $5.5 billion buyout offer from Springfield-based Bass Pro Shops, is scheduled to report earnings Thursday. The update comes as some observers express doubt that the deal between the two outdoor sports retailers will be able to clear regulatory hurdles.

• Companies of local interest scheduled to report quarterly results include Express Scripts on Tuesday, Tallgrass Energy on Wednesday, and Ameren, Build-A-Bear Workshop and Charter Communications on Thursday.

Day planner

Monday

Treasury securities auction

Tuesday

NFIB Small Business Optimism Index; earnings from American International Group, HTC, Molson Coors Brewing and T-Mobile US

Wednesday

Consumer Price Index; retail sales; earnings from CBS, Cisco Systems, Domino’s Pizza, Kraft Heinz, Marriott International and PepsiCo

Thursday

Housing starts; Fed balance sheet; earnings from Cabela’s, DISH Network, Hyatt Hotels, Time Inc. and Wendys

Friday

Earnings from Campbell Soup, Deere & Co. and J M Smucker Co.


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