NVDA
NVIDIA
-- 142.040 FUBO
FuboTV
-- 6.369 TSLA
Tesla
-- 397.940 MU
Micron Technology
-- 105.720 PLTR
Palantir
-- 71.680 What to expect in the week ahead (MSFT, AAPL, TSLA, BA)
Weekly market recap
The overnight action followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates. The $S&P 500 Index (.SPX.US)$ lost 5.7% last week and closed below its 200-day moving average, a key technical level, for the first time since June 2020. The blue-chip $Dow Jones Industrial Average (.DJI.US)$ fell 4.6% for its worst week since October 2020.
The sell-off in the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ was even more severe with the benchmark dropping 7.6% last week, notching its fourth straight weekly loss. The index now sits more than 14% below its November record close, falling deeper into correction territory.
The fourth-quarter earnings season has been a mixed bag. While more than 70% of S&P 500 companies that have reported results have topped Wall Street estimates, a couple of key firms let down investors last week, including $Goldman Sachs (GS.US)$ and $Netflix (NFLX.US)$ .
The overnight action followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates. The $S&P 500 Index (.SPX.US)$ lost 5.7% last week and closed below its 200-day moving average, a key technical level, for the first time since June 2020. The blue-chip $Dow Jones Industrial Average (.DJI.US)$ fell 4.6% for its worst week since October 2020.
The sell-off in the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ was even more severe with the benchmark dropping 7.6% last week, notching its fourth straight weekly loss. The index now sits more than 14% below its November record close, falling deeper into correction territory.
The fourth-quarter earnings season has been a mixed bag. While more than 70% of S&P 500 companies that have reported results have topped Wall Street estimates, a couple of key firms let down investors last week, including $Goldman Sachs (GS.US)$ and $Netflix (NFLX.US)$ .
Here's a look at the return of S&P 500 sectors
The week ahead in focus
It will be a packed week of fourth-quarter earnings releases, with more than 100 S&P 500 companies scheduled to report. $IBM Corp (IBM.US)$ and $Halliburton (HAL.US)$ are Monday's highlights, followed by $Microsoft (MSFT.US)$, $Verizon (VZ.US)$ , $American Express (AXP.US)$, $GE Aerospace (GE.US)$, $Johnson & Johnson (JNJ.US)$, and $Lockheed Martin (LMT.US)$ on Tuesday.
$Tesla (TSLA.US)$, $AT&T (T.US)$, $Intel (INTC.US)$, and $Boeing (BA.US)$ report on Wednesday. Then $Apple (AAPL.US)$, $Visa (V.US)$, $Comcast (CMCSA.US)$, $McDonald's (MCD.US)$ , and $MasterCard (MA.US)$ all go on Thursday before $Chevron (CVX.US)$ and $Caterpillar (CAT.US)$ close the week on Friday.
It will be a packed week of fourth-quarter earnings releases, with more than 100 S&P 500 companies scheduled to report. $IBM Corp (IBM.US)$ and $Halliburton (HAL.US)$ are Monday's highlights, followed by $Microsoft (MSFT.US)$, $Verizon (VZ.US)$ , $American Express (AXP.US)$, $GE Aerospace (GE.US)$, $Johnson & Johnson (JNJ.US)$, and $Lockheed Martin (LMT.US)$ on Tuesday.
$Tesla (TSLA.US)$, $AT&T (T.US)$, $Intel (INTC.US)$, and $Boeing (BA.US)$ report on Wednesday. Then $Apple (AAPL.US)$, $Visa (V.US)$, $Comcast (CMCSA.US)$, $McDonald's (MCD.US)$ , and $MasterCard (MA.US)$ all go on Thursday before $Chevron (CVX.US)$ and $Caterpillar (CAT.US)$ close the week on Friday.
The highlight on the economic calendar will be Wednesday's conclusion of the Federal Open Market Committee's January meeting. The Federal Reserve's monetary-policy making body publishes a decision that afternoon, followed by a press conference with chairman Jerome Powell. Both will be closely parsed for clues to the central bank's next moves.
Data out this week include IHS Markit's Manufacturing and Services Purchasing Managers' indexes for January on Monday, the Census Bureau's new residential home sales data on Wednesday, and the Bureau of Economic Analysis' preliminary estimate for fourth-quarter 2021 gross domestic product on Thursday.
Monday 1/24
Halliburton, IBM, and Philips report quarterly results.
IHS Markit reports its Manufacturing and Services Purchasing Managers' indexes for January. Consensus estimate is for a 56 reading for the manufacturing PMI and a 54 for the Services PMI. Both figures are less than the December data. The PMIs are off their record peaks from the middle of last year but remain well above the expansionary level of 50.
Tuesday 1/25
The world's two largest companies release results this week as investors look to tech earnings to reverse the Nasdaq's 9.5% drop this year. Microsoft reports after the close, followed by Apple on Thursday.
$3M (MMM.US)$ , American Express, General Electric, Johnson & Johnson, Lockheed Martin, Texas Instruments , and Verizon release earnings.
S&P CoreLogic releases its Case-Shiller National Home Price Index for November. Economists forecast a 18% year-over-year rise, marginally less than in October. If estimates prove correct, it would be the 12th consecutive month with double-digit gains for home prices.
Wednesday 1/26
The Federal Open Market Committee announces its monetary-policy decision. The central bank is expected to keep the federal-funds rate unchanged near zero. The Fed has become increasingly hawkish in the past three months, and Wall Street has priced in one quarter-point rate hike at the FOMC’s March meeting and a total of four quarter-point hikes for the year.
The Census Bureau reports new residential home sales data. Consensus estimate is for a seasonally adjusted annual rate of 762,500 new single-family homes sold in December, 2.5% more than in November.
Thursday 1/27
Comcast, Danaher, Dow, Mastercard, McDonald's, MSCI, and Visa hold conference calls to discuss earnings.
Comcast, Danaher, Dow, Mastercard, McDonald's, MSCI, and Visa hold conference calls to discuss earnings.
The Bureau of Economic Analysis releases its preliminary estimate for fourth-quarter 2021 gross domestic product. Economists forecast a 5.6% rate of growth, after a 2.3% increase in the third quarter.
Friday 1/28
Source: CNBC, jhinvestments, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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astabrin : will it drop further???
Cody richards astabrin : we shall see my friend
Mike Hunt : Please divide earnings reporters each day by when they report. It’s cumbersome to look back at each stock and often that info is wrong like here with Boeing