As the week begins, U.S. stocks are expected to open on a positive note, supported by the anticipation of key economic data releases and ongoing corporate earnings reports.
Economic Data and Earnings Reports in Focus
Investors will be closely watching the release of fourth-quarter economic growth and inflation data. These figures will provide valuable insights into the current state of the U.S. economy.
Furthermore, this week will see over 70 S&P 500 companies reporting their earnings. Here are some notable companies scheduled to announce their results:
Monday:
- Agilysys
- Brown & Brown
- United Airlines Holdings
Tuesday:
- 3M
- Baker Hughes
- D.R. Horton
- General Electric
- Johnson & Johnson
- Lockheed Martin
- Netflix
- Procter & Gamble
- RTX
- Texas Instruments
- Verizon Communications
Wednesday:
- Abbott Laboratories
- Ameriprise Financial
- AT&T
- Crown Castle
- CSX
- Elevance Health
- Freeport-McMoRan
- General Dynamics
- IBM
- Kimberly-Clark
- Lam Research
- Las Vegas Sands
- SAP
- ServiceNow
- TE Connectivity
- Tesla
Thursday:
- Alaska Air Group
- American Airlines
- Blackstone
- Capital One Financial
- Comcast
- Humana
- Intel
- KLA
- L3Harris Technologies
- Marsh & McLennan
- McCormick
- NextEra Energy
- Levi Strauss & Co.
- Northrop Grumman
- Sherwin-Williams
- Southwest Airlines
- T-Mobile US
- Union Pacific
- Valero Energy
- Visa
- Xerox
- Weyerhaeuser
Friday:
- American Express
- Colgate-Palmolive
- Norfolk Southern
- Volvo
Outlook for the Week
With a significant number of earnings reports expected this week, market participants will be closely monitoring the corporate earnings landscape. Additionally, the upcoming economic data releases will play a crucial role in shaping investor sentiment and market direction.
Notable Economic Events This Week
Monday
- The Conference Board will release the Leading Economic Index for December.
- The New York Fed will report the Survey of Consumer Expectations’ Public Policy Survey.
Wednesday
- S&P Global will release both the Manufacturing and Services Purchasing Managers’ indexes for January.
Thursday
- The Bureau of Economic Analysis will release the advance estimate of fourth-quarter gross domestic product growth.
- The Census Bureau will report new home sales for December.
- The Labor Department will release initial unemployment benefits claims for the week ended Jan. 20.
- The European Central Bank will publish a monetary-policy decision.
Friday
- The Bureau of Economic Analysis will release the personal-consumption expenditures price index for December. Core PCE, excluding volatile food and energy prices, is the Federal Reserve’s preferred inflation measure.
- The National Association of Realtors will release its Pending Home Sales index for December.