Inside Look: Investors Await Earnings for PRISM Consumer Products Index

Over 40% of the S&P 500 has now reported quarterly earnings as key Q1 earnings beat metrics are trending above average. However, last week Q1 GDP illustrated slower than expected economic growth citing a 1.6% increase which disappointed as economists’ Q1 GDP estimates were cited at a 2.4% increase. This GDP miss and slowdown raised eyebrows as Q4 GDP had increased 3.4%. Further economic insight will be provided this week as earnings start to shift focus to largely consumer-related names.

Retail companies have seen some recent struggles as inflationary pressures have pushed prices higher. Earnings season is a good time to check the pulse on certain sectors as companies shed light on what they are experiencing. Using this insight can translate into an overall understanding on economic health. With a sector such as consumer, these earnings will provide how healthy the consumer is, where they are spending money vs where they have stopped as well as supply/demand impacts related to the group as a whole.

Some larger names who will be reporting this week include The Coca-Cola Co. (KO), McDonald’s Corp (MCD), Starbucks Corp (SBUX), Mastercard, Inc. (MA), The Kraft Heinz Co. (KHC), Apple, Inc. (APPL) and Amazon.com Inc (AMZN).

Additionally, the PRISM Consumer Product Index has some companies who will begin reporting this week that include Peloton Interactive, Inc. (PTON), Oatly Group (OTLY), and Olaplex Holdings, Inc. (OLPX).