Week Ahead on Wall Street: Pizza AI and Inflation

Will Domino’s Deliver?

This coming Thursday, Domino’s Pizza (DPZ) will be dishing out its quarterly earnings. Domino’s turned heads this summer by allowing U.S. customers to order through Postmates and Uber Eats (UBER) after shunning delivery apps for years. Now, it’s adding another surprising ingredient to its time-tested recipe for success: generative AI.

Through a collaboration with Microsoft (MSFT), Domino’s plans to build a proprietary AI assistant to revolutionize (and simplify) the ordering process.

Craving more details? Be sure to tune in on Thursday. Here’s what else to watch for in the week ahead on Wall Street.

Economic Reports

The biggest economic data points of the week are once again related to inflation.

The Bureau of Labor Statistics will on Wednesday publish the Producer Price Index, which measures wholesale inflation, followed by the Consumer Price Index on Thursday. In August, prices of consumer goods rose 0.6% month-over-month. The annual rate rose to 3.7%, the second-straight increase from the near 3% low seen in June.

On Friday, the University of Michigan’s Consumer Sentiment survey will give us more insight into how American consumers are feeling at the start of October.

Elsewhere on the docket, the NFIB Small Business Optimism Index will provide insight into how small business owners view the economy on Tuesday. In August, 23% reported inflation as their biggest concern. The Fed will release the minutes from its last policy meeting on Wednesday.

Earnings Reports

On Tuesday, PepsiCo (PEP) will release its third-quarter earnings results. Last quarter, the multinational food and beverage company updated its full-year guidance, projecting revenue growth of 10% and earnings per share growth at 12%.

On Thursday, Domino’s Pizza, Delta Air Lines (DAL), and Walgreens (WBA) are due for earnings. Delta recently faced backlash over changes to its frequent flier program, and subsequently backtracked on them. CEO Ed Bastian could give further clarity on the upcoming modifications.

On Friday, three of the country’s largest banks — JPMorgan Chase (JPM), Citigroup (C),and Wells Fargo (WFC) — will share how their businesses are faring in the high interest rate environment. The reports from these three banking giants are often considered the official kickoff of earnings season, and can set the tone for the quarter.

UnitedHealth (UNH), the most heavily weighted stock in the Dow Jones Industrial Average, will also report.

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