Earnings for Tesla, Microsoft and Boeing, along with next week’s GDP
Harvard economist Jason Furman shares his economic outlook for 2023, focusing on recession fears, the Fed’s agenda, and geopolitical factors.
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.
(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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| ATVI | ACTIVISION BLIZZARD INC. | 73.84 | +0.08 | +0.11% |
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| AAPL | Apple company | 137.87 | +2.60 | +1.92% |
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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.
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.
| ribbon | protection | else | they change | change % |
|---|---|---|---|---|
| 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.