What to Expect in the Week Ahead (TSLA, MSFT, INTC Earnings; GDP, PCE Data)
It will be a big week of fourth-quarter earnings, with about 90 $S&P 500 Index (.SPX.US)$ companies scheduled to report. There will be plenty of notable economic data releases for investors to watch out for as well.
Highlights will include results from $Microsoft (MSFT.US)$, $Johnson & Johnson (JNJ.US)$, $GE Aerospace (GE.US)$, $Verizon (VZ.US)$, and $Lockheed Martin (LMT.US)$—all on Tuesday. Wednesday will bring results from $Tesla (TSLA.US)$, $AT&T (T.US)$, $Boeing (BA.US)$, and $IBM Corp (IBM.US)$. $American Airlines (AAL.US)$, $Comcast (CMCSA.US)$, $Intel (INTC.US)$, $MasterCard (MA.US)$, $Southwest Airlines (LUV.US)$, and $Visa (V.US)$ report on Thursday, then $American Express (AXP.US)$, $Charter Communications (CHTR.US)$, and $Chevron (CVX.US)$ will close the week on Friday.
On Monday, the Conference Board reports its Leading Economic Index for December, then S&P Global releases both the Manufacturing and Services Purchasing Managers' Indexes for January on Tuesday.
On Thursday, the Bureau of Economic Analysis will report fourth-quarter gross-domestic-product, which is expected to show a 2.8% annual rate of growth. Also on Thursday, the Census Bureau will release the durable goods report for December.
Finally, the Bureau of Economic Analysis will report personal income and outlays for December on Friday. The Federal Reserve's preferred inflation gauge will be part of the same report, and is forecast to be up 4.4% from a year earlier.
Monday 1/23
$Baker Hughes (BKR.US)$, $Brown & Brown (BRO.US)$, and $Synchrony Financial (SYF.US)$ report quarterly results.
The Conference Board releases its Leading Economic Index for December. Consensus estimate is for a 0.7% month-over-month decline, after a 1% drop in November.
Tuesday 1/24
$Microsoft (MSFT.US)$ reports second-quarter fiscal-2023 results. The software giant recently announced 10,000 layoffs as part of cost-cutting measures. Analysts expect only 3% year-over-year revenue growth for the quarter, the slowest since 2016.
S&P Global releases both its Manufacturing and Services Purchasing Managers' Indexes for January. Economists forecast a 47.0 reading for the Manufacturing PMI and a 45.3 reading for the Services PMI. This compares with 46.2 and 44.7, respectively, in December.
Wednesday 1/25
$Abbott Laboratories (ABT.US)$, $Ameriprise Financial (AMP.US)$, $ASML Holding (ASML.US)$, $AT&T (T.US)$, $Automatic Data Processing (ADP.US)$, $Boeing (BA.US)$, $Freeport-McMoRan (FCX.US)$, $General Dynamics (GD.US)$, $Hess Corp (HES.US)$, $IBM Corp (IBM.US)$, $Lam Research (LRCX.US)$, $Las Vegas Sands (LVS.US)$, $ServiceNow (NOW.US)$, $Tesla (TSLA.US)$, and $U.S. Bancorp (USB.US)$ announce quarterly results.
Thursday 1/26
$American Airlines (AAL.US)$, $Archer Daniels Midland (ADM.US)$, $Blackstone (BX.US)$, $Comcast (CMCSA.US)$, $Intel (INTC.US)$, $KLA Corp (KLAC.US)$, $Marsh & McLennan (MMC.US)$, $MasterCard (MA.US)$, $Southwest Airlines (LUV.US)$, $Valero Energy (VLO.US)$, and $Visa (V.US)$ hold conference calls to discuss earnings.
The Bureau of Economic Analysis reports fourth-quarter gross-domestic-product growth. The economy is expected to have grown at a 2.8% annual rate, following a 3.2% increase for the third quarter.
The Census Bureau releases the durable goods report for December. The consensus call is for new orders for manufactured durable goods to increase 2.9%.
Friday 1/27
$American Express (AXP.US)$, $Charter Communications (CHTR.US)$, $Chevron (CVX.US)$, $Colgate-Palmolive (CL.US)$, $HCA Healthcare (HCA.US)$, and $Roper Technologies (ROP.US)$ report quarterly results.
The BEA reports personal income and outlays for December. The Federal Reserve's favored inflation gauge, the core personal-consumption expenditures price index, is forecast to increase 4.4% year over year, three-tenths of a percentage point less than in November.
Sectors Performance
Source: Finviz, Dow Jones Newswires, Market Watch
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Always Hungryy : good earnings results from everyone else this week will boost up prices for the whole week, then my stock is gonna blow away the market on Friday!, oh I am so looking forward to this week!
Leo momoo Always Hungryy : Too young too naive
Montana74 Always Hungryy : Never count your chickens before they hatch...
RDK79 : Amazing how everyone wants / expects great earnings during a long period of interest rate hikes that are designed to slow things down. Trying to figure out if this makes sense. I would think some companies would be impacted and some not. I never see this built into any analysis.