Earnings for Tesla, Microsoft and Boeing, along with next week’s GDP

This will be a busy week for investors taking profits from defense, credit card and airlines all reporting quarterly results.

The stock market is coming off a mixed week with the Dow Jones Industrial Average down over 2%, while the S&P is marginally lower as the Nasdaq Composite is up about the same despite a strong Friday.

ribbon protection else they change change %
Me: DJI Dow Jones averages 33375.49 +330.93 +1.00%
SP500 Standard & Poor’s 500 3972.61 +73.76 +1.89%
Me: COMP Nasdaq Composite Index 11140.434416 +288.17 +2.66%

FOX Business breaks down the most important market events for the week.

The hedge fund industry lost $125 billion in assets in 2022

Monday 23 January

The IRS tax season begins accepting and processing individual tax returns for 2022. This comes as a file adjusted tax brackets in the IRS up, To calculate inflation, for the 2023 tax year.

IRS, tax season

(Photo illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images/Getty Images)

in another place, Activision Blizzard creator of games like World of Warcraft, Overwatch and Daiblo will stop working in China on Monday. It comes as Blizzard refused to renew a 14-year contract with Chinese company NetEase to host the game in China. Blizzard is looking for a new partner in China.

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GM General Motors Corporation 35.35 -0.38 -1.06%

In auto news, GM will begin notifying car owners about the focus of the recall Daylights do not turn off which can cause dangerous glare.

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GM General Motors Corporation 35.35 -0.38 -1.06%

In earnings news, before the market opens, Baker Hughes and Synchrony Financial will take center stage.

ribbon protection else they change change %
bkr Baker Higgs Corporation 31.07 +0.58 +1.90%
SIF financial synchronization 35.39 +2.81 +8.62%

After the bell, investors will hear from Brown & Brown and Zions Bank.

ribbon protection else they change change %
My brother Brown & Brown Company 61.71 +1.46 +2.42%
Zion Bank of Zion is not available 51.48 +1.96 +3.96%

In economic news, the Conference Board’s Leading Economic Indicators Index is expected to decline by 0.7%.

Tuesdayy, 24 Jan

On Tuesday, Apple launched its new MacBook Pro computers with upgraded internal chips.

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AAPL Apple company 137.87 +2.60 +1.92%
Oscar, Top Gun, Maverick, Tom Cruise

The Oscar nominations will be announced Monday in a year that has seen the long-awaited sequels to both Avatar and Tom Cruise’s Top Gun.

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dis The Walt Disney Company. 103.48 +4.40 +4.44%
WBD Warner Bros. Discovery Corporation 13.02 +0.55 +4.41%
CMCSA Comcast Corp. 39.37 +1.23 +3.22%

Also on Monday the Senate held a hearing regarding the ticket industry yet Taylor Swift fails the IRAs Tour and the subsequent lawsuit by her fans. Lawmakers will consider whether Ticketmaster operates as a monopoly and whether it should be targeted under antitrust regulations.

Taylor Swift, Ticketmaster

Taylor Swift struggled with Ticketmaster after fans couldn’t purchase tickets for her “Eras Tour”. (Brian Beder/Getty Images)

A shower of earnings on Tuesday includes 3M, General Electric, Johnson & Johnson, PACCAR, Lockheed Martin, Raytheon Technologies, Travelers, Union Pacific and Verizon.

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mmm 3M CO. 120.65 +2.22 +1.87%
GE General Electric Company 77.68 +0.82 +1.07%
JNJ Johnson & Johnson 168.74 -0.79 -0.47%
pcr Pack Car Company 99.19 +1.18 +1.20%
LMT Lockheed Martin. 443.18 +3.87 +0.88%
RTX Raytheon Technologies Corporation. 94.36 +0.12 +0.13%
TRV Travelers cos. 185.29 +1.26 +0.68%
UNP Union Pacific Corporation. 208.63 +3.13 +1.52%
VZ Verizon Communications 40.00 -0.06 -0.15%

After the bell, investors will hear from Capital One Financial, Microsoft and Texas Instruments.

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COF Capital One Financial Company. 104.18 +6.27 +6.40%
MSFT MICROSOFT CORP. 240.22 +8.29 +3.57%
TXN Texas Tool Company 173.00 +2.07 +1.21%

Economic data released on Tuesday will include the S&P Global Manufacturing and Services Index, as well as the Richmond Fed Services Index.

Wed 25 Jan

Microsoft’s Developer Direct Games presentation will include announcements about Redfall, Forza Motorsport, Minecraft Legends, and The Elder Scrolls Online.

Meanwhile, in the UK, Amazon workers in a warehouse are going on strike as waves of strikes plague the UK.

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MSFT MICROSOFT CORP. 240.22 +8.29 +3.57%
AMZN AMAZON.COM INC. 97.25 +3.57 +3.81%

Before the market opens, investors will turn to earnings calls for AT&T, Boeing, General Dynamics, NextEra Energy, US Bancorp, Textron, Hess, Nasdaq, and Norfolk Southern.

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t AT&T Inc. 19.23 +0.29 +1.53%
Bachelor’s Boeing 206.76 -0.33 -0.16%
jd General Dynamics Corporation. 232.68 +1.16 +0.50%
Ni Nexterra Energy Corporation 81.82 -0.77 -0.93%
USB US BANCORP 46.46 +0.83 +1.82%
short message Textron Corporation 67.85 +1.44 +2.17%
Hess Hess Corp. 154.82 +1.00 +0.65%
and then NASDAQ INC. 62.06 +1.06 +1.74%
National Security Council Southern Norfolk Company. 253.67 +3.80 +1.52%

After the bell, investors will eagerly follow earnings Tesla, which recently cut prices In addition to IBM, Crown Castle, Lam Research, Flex, CSX, and Levi Strauss.

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TSLA Tesla Inc 133.42 +6.25 +4.91%
ibm International Business Machinery Corporation. 141.20 +0.58 +0.41%
CCI Crown Castle Company 148.12 +2.88 +1.98%
LRCX LAM Research CORP. 472.50 +18.61 +4.10%
drape Flex Ltd. 24.24 +0.62 +2.62%
CSX CSX CORP. 32.01 +0.46 +1.46%
levi Levi Strauss & Co. 16.35 +0.43 +2.70%

Economic data on Wednesday will include mortgage applications and weekly crude oil inventories from the Energy Information Administration.

Mortgage rates fell to the lowest level since September

Thursday, January 26th

The Food and Drug Administration will meet Thursday to discuss the future of COVID shots and boosters.

Audi has unveiled the Activesphere concept car as part of its range of concept cars that includes Grandsphere, Skysphere and Urbansphere which are all built on Volkswagen Group electric vehicle platform PPE.

Earnings starting today will include Comcast, Dow, MasterCard, Northrop Grumman, Sherwin Williams, Tractor Supply Co, Valero Energy, Alaska Airlines, American Airlines, JetBlue and Southwest.

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CMCSA Comcast Corp. 39.37 +1.23 +3.22%
daw Dow Inc. 57.44 +0.84 +1.48%
Master’s MASTERCARD INC. 376.28 +8.34 +2.27%
No objection certificate Northrop Grumman Corp. 450.95 +8.60 +1.94%
SHW Sherwin Williams Company 245.50 +11.26 +4.80%
TSCO Tractor supply company. 212.07 +5.21 +2.52%
vlo Valero Energy Company. 142.71 +4.24 +3.06%
ALK Alaska Air Group 49.80 +0.40 +0.81%
AAL American Airlines Group 16.34 +0.06 +0.37%
blue JetBlue Airways. 8.58 +0.08 +0.94%
luv Southwest Airlines Corporation 37.04 +0.59 +1.61%

After the bell, investors will hear from Visa, Intel, KLA, and L3Harris Technologies.

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Fifth Visa company 224.31 +3.90 +1.77%
INTC Intel Corp. 29.22 +0.80 +2.81%
cling KLA CORP. 413.85 +11.75 +2.92%
LHX L3HARRIS TECHNOLOGIES INC. 192.51 +1.06 +0.55%

In the economic calendar, the first reading of the GDP for the fourth quarter will be released and it is expected to show a growth of 2.8%, according to forecasts.

Other data to watch includes building permits, durable goods, and initial jobless claims.

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Friday, January 27th

Disneyland Resorts will celebrate Walt Disney’s 100th birthday.

Disney, Anniversary, Iger, Biltz

This comes as Disney is caught up in a battle for control of its board of directors Activist investor Nelson Peltz fights to get a seat.

Earnings before the market open on Friday will end the week with American Express, Chevron, Charter Communications, Colgate-Palmolive and Booz Allen Hamilton.

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AXP American Express Company. 151.60 +4.75 +3.23%
CVX Chevron Corporation. 180.90 +1.90 +1.06%
CHTR Charter Communications Corporation 396.11 +11.91 +3.10%
Colgate g g g g
BAH Booz Allen Hamilton 93.72 +1.25 +1.35%

The economic data to close for the week will include personal income, personal consumption, the University of Michigan consumer confidence index and pending home sales.

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