The fourth quarter earnings season heats up this week, with 111 S&P 500 companies scheduled to release their results.
and Philips report
onday, followed by an intense Tuesday: 3M,
Advanced micro devices,
Johnson & Johnson,
Texas Instruments e
Wednesday is the title of
American Airlines Group,
close the week on Friday.
The highlight of the week’s economic calendar will be the January meeting of the Federal Open Market Committee on Tuesday and Wednesday. The Federal Reserve Policy Committee will announce its decision Wednesday afternoon, followed by a press conference with President Jerome Powell. The central bank is not expected to move interest rates close to zero, but investors and Fed watchers will listen carefully to any color as to when it might start tapering its bond buying program.
This week’s economic data includes the Conference Board’s Consumer Confidence Index for January Tuesday, the Census Bureau Durable Goods report for December Wednesday, and the Bureau of Economic Analysis Personal Income and Spending data for December Friday.
The BEA will also report its advance estimate for fourth quarter gross domestic product on Thursday. The consensus estimate is that the economy has grown at a seasonally adjusted annual rate of 4.3% in the last three months of 2020.
Kimberly-Clark and Philips report quarterly results.
The Federal Reserve Bank of Chicago publishes its National Asset Index for December. The consensus estimate is for a reading of 0.10, lower than the December figure of 0.27. Recent data for the index suggests a slightly above-average economic growth rate following a powerful third-quarter rebound.
3M, advanced micro devices, American Express,
Capital One Financial,
Johnson & Johnson, Lockheed Martin, Microsoft, Prologis,
Starbucks, Texas Instruments and Verizon Communications announce earnings.
The Conference Board publishes its Consumer Confidence Index for January. Economists are expecting a reading of 91.6, three points higher than in December. Consumer confidence remains well below prepandemic levels.
Half of the six largest US companies by market capitalization report the results. Apple, Facebook and Tesla will also host calls to discuss their earnings after the market closes.
Anthem, AT&T, Boeing,
Crown Castle International,
and Stryker report quarterly results.
The Federal Open Market Committee announces its monetary policy decision. The central bank is entirely confident that it will keep the federal funds rate unchanged near zero. But Wall Street is interested in knowing if and when the Fed will consider reducing its bond purchases, currently at $ 120 billion per month.
The Census Bureau publishes the report on durable goods for December. New manufactured durable goods orders are expected to increase 0.8% month-over-month to $ 246 billion.
Altria Group, American Airlines Group, Comcast, Danaher, Dow, Mastercard, McDonald’s,
T. Rowe Price Group,
and Visa announce earnings.
The Bureau of Economic Analysis reports its advance estimate for fourth quarter gross domestic product. According to consensus estimates, the economy will have grown at a seasonally adjusted annual rate of 4.3%, following a record pace of 33.4% in the third quarter.
Communications on the Charter,
and Honeywell International host conference calls to discuss quarterly results.
The BEA reports data on personal income and spending for December. Economists predict that both personal income and personal expenses will decline by 0.1% month-over-month. In November, income fell 1.1%; spending decreased by 0.4%.
Write to Nicholas Jasinski at firstname.lastname@example.org
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