The U.S. market rallied on Tuesday on the back of rising bond yields; with financial and small-cap companies driving the market’s gains and technology companies keeping pace. Tuesday also saw a rare drop in oil prices, as West Texas Intermediate recorded a second consecutive day of declines before the release of the API oil inventory report, which showed an unexpected drop in inventories.

While the Consumer Price Index (CPI) report is expected to be released on Thursday, the market is expecting reports from a number of major companies on Wednesday. Here are 3 of them that should generate interest both with their forecasts and what they will say about the overall state of the economy and the market.

1. Walt Disney earnings 

Disney (NYSE:DIS) will report on Wednesday after the close of trading. The media giant is expected to report revenue of $20.27 billion, up nearly 25% year-over-year, and earnings of $0.73 per share, well above the fourth quarter of 2020 (the first fiscal quarter of 2021 for Disney). Disney+ remains in the spotlight, with the streaming channel expected to have 8.5 million subscribers. Disney faces challenges given its weak results for the quarter that began in October, when it added just 2.1 million subscribers, as well as a weak last quarter and Netflix’s outlook.

In return, Disney can hope that the rest of its business, especially its theme parks, is starting to grow, or at least “see the light” on the other side of the Omicron contagion wave. Disney stock is trading about 30% below its 52-week high and at late 2019 levels, when the company got its first boost from the launch of the Disney + channel, so a turnaround would be very welcome for shareholders.

2. Uber’s earnings

Uber (NYSE:UBER) will also report its earnings on Wednesday after the market close. Uber is expected to report revenue growth of 69% year-over-year and forecasts further revenue growth of 102% in the first quarter of 2022. Uber’s earnings are not yet expected.

The company’s guidance should shed light on the level of “reopening” activity, hence the need for rides and moving people, and on the other hand, how sustainable the demand for food delivery (and everything related to delivery) will be in the face of reopening businesses and the competitive environment. Uber also has an Investor Day scheduled for Thursday, where the company is likely to set long-term goals, so investors will have something to work on.

3. CVS Health earnings

CVS Health (NYSE:CVS) will report its earnings on Wednesday before the market opens: the pharmaceutical and healthcare company is expected to report revenue of $75.63 billion, up 8.7% from the previous quarter, and earnings of $1.82 per share, well above last year’s $1.3 per share. 

Given CVS’ position as a leading pharmacy chain and healthcare provider through its Aetna division, its comments on the current COVID-19 environment on both the cost side for healthcare companies and the demand side will be useful to investors.