The Week Ahead
May 11, 2026
Economic news
Consumer Price Index
The consumer price index, a major indicator of inflation, is scheduled to be released on May 12th. It is no secret that inflation has been an area of pain for many Americans in the last years. Many are hoping for some better figures for April. February and March were not encouraging months for the CPI, as the index was the highest it has been over the last twelve months. The CPI increased to 330.21 points in March; up from 326.78 points in February1.
Oil Prices
Oil prices dropped this week after renewed hope for a deal with Iran, though prices remain elevated and continue to pressure the consumer2. Until there is clarity regarding an end to the conflict, it is possible that oil price volatility will continue. Hopefully a resolution can be reached quickly.
Earnings Related Market Movers
Under Armour (UAA)
Under Armour’s 20% run this year is an interesting case. Despite struggling with sagging sales and pressured profits, Under Armour has seen a 22% gain this year. The company lost $201 million last year and saw topline sales decline by 9.28% to $5.17 billion.
In its most recent quarter, Q3 of fiscal 2026, Under Armour reported further revenue declines of 5%. A weak point for the company was the North American market, where revenue declined 10% to $757 million3. On the contrary, international markets saw a 3% increase in revenue. This was primarily driven by gains in Latin America.
Under Armour seems to be at a crossroads. It needs to reinvigorate sales at a time when the consumer is facing higher prices in areas such as food and other staples. The company is not alone. Nike has seen sales slow down as well over the last two years and was stagnant in the most recent quarter4.
One of the things that will likely be discussed in their upcoming results will be their restructuring plan, aimed at costing up to $255 million. Moreover, the fiscal 2026 outlook called for a revenue decline of 4%. If the company somehow beat that guidance, the stock could benefit, but the opposite can also hold true.
YETI (YETI)
Despite some volatility, the cooler maker/outdoor brand has had a good run over the last twelve months, gaining 50%.
After a rather flat 2025, YETI finished strong with sales growth of 7% year over year in the fourth quarter. Looking ahead, YETI provided 2026 guidance calling for adjusted sales increases of 6% to 8%. The company expects adjusted income per diluted share to increase 12% to 14% year over year5, with a positive impact from an anticipated stock repurchase plan valued at $100 million throughout the year.
One thing is clear. For YETI’s shares to improve on the momentum they’ve had over the last twelve months, the company will need to produce more quarters like Q4 of 2025.
Cisco (CSCO)
Up 29% over the last six months, Cisco Systems is coming off a strong fiscal second quarter. As CFO Mark Patterson noted, “In Q2, we delivered double-digit growth on both the top and bottom lines which exceeded the high end of our guidance and puts us on track to deliver our strongest revenue year yet in fiscal 2026″. Total revenues were up 10% year over year to $15.3 billion, while net income increased a significant 31% to $3.2 billion.
Cisco’s positioning within hardware, networking, cybersecurity and AI makes the company quite relevant in today’s tech-forward landscape. Investors will no doubt be looking to see if the company’s guidance holds true next week. Cisco predicted that revenue would come in between $15.4 billion and $15.6 billion, while full year guidance is for revenues to be between $61.2 billion, and $61.7 billion. Year over year, it would conservatively mark an increase of 8%.
While not clear where tech and AI are heading, Cisco may very well be positioned to provide the infrastructure necessary to carry it. For instance, AI infrastructure sales represented over $800 million in revenue in Q4 2025 alone. Then, it was up to $2.1 billion by the second fiscal quarter of 20266. This will be an exciting name to watch next week.
1 https://tradingeconomics.com/united-states/consumer-price-index-cpi
2 https://www.nbcnews.com/business/business-news/oil-markets-gas-prices-450-us-iran-near-deal-end-war-hormuz-rcna343819
3 https://about.underarmour.com/en/stories/press-releases/release.6dfa324f-3636-442c-9f15-9f8bad1e265e.html
4 https://s1.q4cdn.com/806093406/files/doc_financials/2026/q3/Q3-26-Press-Release-FINAL-42.pdf
5 https://investors.yeti.com/news/news-details/2026/YETI-ReportsFourth-Quarter-and-Full-Year-2025-Results-Provides-Full-Year-2026-Outlook/default.aspx
6 https://www.fool.com/investing/2026/04/15/cisco-vs-ibm-which-dividend-tech-stock-is-the-bett/
Financial Planning and Advisory Services offered through Vicus Capital, Inc., a federally Registered Investment Advisor.
Past performance is not indicative of future results. Diversification does not guarantee investment returns and does not eliminate the risk of loss.
Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. Information and data referred to in this document has been compiled solely by Vicus Capital, Inc., from various sources and has not been independently verified. We believe the information presented here to be reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. The material has been prepared for informational purposes only, and is not intended to provide, nor should it be relied upon for, accounting, legal, or tax advice. References to future returns are not promises or estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.
The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. International investing involves a greater degree of risk and increased volatility. There is no guarantee that companies that can issue dividends will declare, continue to pay, or increase dividends. Investments in commodities may have greater volatility than investments in traditional securities, particularly if the instruments involve leverage.
