Economic Data and Earnings: A Busy Week Ahead

This week is set to be a busy one for fourth-quarter earnings, with around 90 companies from the S&P 500 set to report their results. Alongside this, there will be a number of significant economic data releases for investors to keep an eye on.

Tuesday will see results from a number of high-profile companies including Microsoft, Johnson & Johnson, General Electric, Verizon Communications, and Lockheed Martin. Wednesday will bring results from Tesla, AT&T, Boeing, and IBM. Thursday will see American Airlines Group, Comcast, Intel, Mastercard, Southwest Airlines, and Visa reporting their results. The week will conclude on Friday with American Express, Charter Communications, and Chevron announcing their results.

On Monday, the Conference Board will release its Leading Economic Index for December. Tuesday will see S&P Global releasing both the Manufacturing and Services Purchasing Managers’ Indexes for January. Both are expected to remain in contraction territory.

Thursday will bring the release of the Bureau of Economic Analysis’ fourth-quarter gross-domestic-product, which is forecasted to show a 2.5% annual rate of growth. Additionally, the Census Bureau will release the durable goods report for December on the same day.

Finally, on Friday, the Bureau of Economic Analysis will report personal income and outlays for December. Earnings are expected to show a 0.2% month-over-month rise, while spending is predicted to slip by 0.1%. The Federal Reserve’s preferred inflation gauge will also be included in this report and is forecasted to be up 4.4% from a year earlier.

Monday Earnings and Economic Reports

On Monday, January 23, several companies will be reporting their earnings including Baker Hughes Company, Brown & Brown Inc., Synchrony Financial, Logitech International, Zions Bancorp, Crane Holdings Company, and F.N.B. Corporation. Baker Hughes Company is an oilfield services provider, Brown & Brown Inc. is an insurance broker, Synchrony Financial is a consumer financial services company, Logitech International is a technology company known for its computer peripherals, Zions Bancorp is a bank holding company, Crane Holdings Company is a diversified manufacturer and F.N.B. Corporation is a financial holding company. All these companies operate in different industries but they will be reporting their earnings on the same day.

Also on Monday, the Conference Board will release its Leading Economic Index for December. The Leading Economic Index is a composite economic index that is designed to indicate the likely direction of the economy in the months to come. This report will give investors an insight into the overall economic conditions and will help them to make informed investment decisions.

Tuesday Earnings and Economic Reports

On Tuesday, January 24, several companies will be reporting their earnings including Microsoft, Johnson & Johnson, Danaher Corp., Verizon Communications, Texas Instruments, Raytheon, Lockheed Martin, Union Pacific Corp., General Electric, Intuitive Surgical, Canadian National Railway, 3M Company, The Travelers Companies, Capital One Financial, Halliburton, and D.R. Horton. These companies operate in various industries such as technology, healthcare, manufacturing, transportation, and finance. Some of the notable companies include Microsoft, a technology giant known for its Windows operating system and Office software, Johnson & Johnson, a healthcare company known for its consumer products and medical devices, and General Electric, a conglomerate company operating in various industries.

Additionally, on Tuesday, S&P Global will release the Composite PMI for January. The PMI is a measure of the economic health of the manufacturing and service sectors, and is a composite of various sub-indices such as new orders, employment, and supplier deliveries. This report will give investors an insight into the overall economic conditions of the manufacturing and service sectors.

Also, the Richmond Fed will release its Manufacturing Index for January. The index is a measure of the overall economic activity in the Fifth Federal Reserve District, which covers Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia. This report will give investors an insight into the overall economic conditions of the Fifth Federal Reserve District.

Wednesday Earnings Reports

On Wednesday, January 25, several companies will be reporting their earnings including Tesla, Abbott Laboratories, NextEra Energy, AT&T, IBM, Boeing, Elevance Health, Automatic Data Processing, ServiceNow Inc., Progressive Corp., U.S. Bancorp, CSX Corp., General Dynamics, Freeport McMoran, Crown Castle Inc., Norfolk Southern Corp., Hess Corporation, Kimberly-Clark, Las Vegas Sands, and Nasdaq Inc. These companies operate in various industries such as automotive, healthcare, energy, technology, transportation, finance, and consumer goods. Some of the notable companies include Tesla, an electric vehicle and clean energy company, Abbott Laboratories, a healthcare company known for its medical devices and diagnostics, and AT&T, a telecommunications company. IBM, a technology giant known for its computer hardware, software, and consulting services, Boeing, an aerospace company known for its commercial jetliners and defense, space and security systems, and Nasdaq Inc, the second-largest stock exchange in the world by market capitalization.

Thursday Earnings and Economic Reports

On Thursday, January 26, several companies will be reporting their earnings including Visa, Mastercard, Comcast Corporation, Intel, Marsh & McLennan Companies, Northrop Grumman Corp., Scherwin-Williams Co., Blackstone Inc., Valero Energy, Archer-Daniels-Midland Company, Dow Inc., Xcel Energy, Nokia, Deutsche Bank, T. Rowe Price Group, Tractor Supply Co., Southwest Airlines, Robert Half International, and U.S. Steel Corp. These companies operate in various industries such as technology, finance, energy, transportation, and retail. Some of the notable companies include Visa, a global payments technology company, Mastercard, a technology company that operates in the electronic payment industry, and Intel, a technology giant known for its computer processors.

Alongside the earnings, there will also be a number of economic events taking place on Thursday. The Bureau of Economic Analysis will release the Advance Estimative of the U.S. GDP Growth Rate for the fourth quarter of 2022. The Census Bureau will release the Durable Goods Orders report for December, the Retail Inventories report for December, and the Wholesale Inventories report for December. The Bureau of Economic Analysis will release the Quarterly PCE Prices for the fourth quarter of 2022, and the Kansas Fed will release its Composite Index for January. Finally, the Census Bureau will release the New Home Sales report for December. These economic data releases will give investors an insight into the overall economic conditions and growth of the country, as well as provide information on consumer spending, retail and wholesale inventory levels, and the housing market. The GDP growth rate and PCE prices will give an indication of the overall economic performance and inflation, while the durable goods orders, retail and wholesale inventories and new home sales will provide insight into specific sectors of the economy such as manufacturing, retail and housing. The Kansas Fed Composite Index will give a snapshot of the economy of the Tenth Federal Reserve District, which covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri. The release of these economic data releases will help investors to make informed investment decisions.

Friday Earnings and Economic Reports

On Friday, January 27, several companies will be reporting their earnings including Chevron, American Express, Charter Communications, HCA Healthcare Inc., Colgate-Palmolive, Roper Technologies, Gentex Corporation and WisdomTree Inc. These companies operate in various industries such as energy, finance, telecommunications, healthcare, consumer goods, manufacturing, and investment management. Some of the notable companies include Chevron, an energy company known for its oil and natural gas exploration, American Express, a financial services company known for its credit cards and other consumer and corporate services, and HCA Healthcare Inc, a healthcare company known for its hospital and related healthcare services.

Additionally, on Friday, several economic data releases are also scheduled. The Bureau of Economic Analysis will release the Personal Income and Spending for December, the Personal Consumption Expenditures (PCE) Price Index for December and the Michigan Consumer Sentiment Index for January. The National Association of Realtors will release the Pending Home Sales for December. These economic data releases will give investors an insight into consumer spending, inflation, and consumer sentiment, as well as provide information on the housing market. The Michigan Consumer Sentiment Index will provide a snapshot of consumer sentiment for the state of Michigan. The release of these economic data releases will help investors to make informed investment decisions.

Conclusion: Top Earnings and Economic Reports to Watch

In conclusion, this week is set to be a busy one for fourth-quarter earnings with around 90 companies from the S&P 500 set to report their results. Among the notable companies reporting earnings, investors should watch out for Microsoft, Tesla, and Visa. These companies operate in different industries, but are expected to provide valuable insights into the technology, electric vehicle, and payment sectors. Alongside this, there will be a number of significant economic data releases for investors to keep an eye on, including the GDP Growth Rate, the Personal Income and Spending and the Michigan Consumer Sentiment Index. These economic indicators will provide important information on the overall economic conditions and the performance of specific sectors of the economy. By keeping an eye on these earnings and economic data releases, investors will be able to make informed investment decisions.

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