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What you need to know
- Martin Luther King Jr. Day is a federal holiday on Monday.
- Donald Trump, the new U.S. President is scheduled to take office on Monday.
- Netflix, American Express United Airlines and Verizon will be releasing their earnings reports.
- You can also access data on the consumer’s sentiment, first jobless claims and current home sales.
Martin Luther King Jr. Day falls on a Monday. Donald Trump, the U.S.’s new president is expected to take office on the same date.
Investors are watching for corporate earnings reports, with Netflix (NFLX), United Airlines (UAL), Johnson & Johnson (JNJ), American Express (AXP), and Verizon Communications (VZ) among the companies expected to release quarterly financial updates this week.
Data on initial unemployment claims, consumer sentiment and existing home sales will be available to economists. Federal Reserve officials are prohibited from publicly commenting as part of a blackout period leading up to next week’s meeting.
Monday, Jan. 20
- Markets, federal government Closed for Martin Luther King Jr. Holiday
- Donald Trump Presidential Inauguration
Tuesday, Jan. 21
- Netflix, 3M (MMM), Charles Schwab (SCHW), Capital One (COF) United Airlines D.R. Horton (DHI), Fifth Third Bancorp Interactive Brokers Group IBKR Earnings are to be reported
Wednesday, Jan. 22
- Leading economic indicators for the United States (December).
- Procter & Gamble (PG), Johnson & Johnson, Abbott Laboratories (ABT), GE Vernova (GEV), Travelers Cos. (TRV), Discover Financial Services Earnings are to be reported
Thursday, Jan. 23
- First Jobless Claims (Week ending on January 18, 2019)
- GE Aerospace Texas Instruments TXN Union Pacific Corporation (UNP) Elevance Health CSX (CSX). Earnings are to be reported
Friday, Jan. 24
- Existing home sales (December)
- Consumer sentiment (January)
- S&P flash U.S. PMI (January)
- American Express Verizon Communications NextEra Energy (NEE), HCA Healthcare, Inc. (HCA), Earnings are to be reported
Donald Trump’s Inauguration and King Holiday are Highlights of the Economic Calendar
The Martin Luther King Jr. Day holiday is Monday, which means that the banks, the government and stock exchanges are closed.
Donald Trump will take the oath of office as president on Monday. Trump said that he will implement certain policies, such as possible tariffs and immigration changes which could impact business and investor sentiment on the first day of his presidency.
There were few major economic releases this week, although Federal Reserve officials likely will be following January consumer sentiment data on Friday—including the closely watched inflation expectations. This week, we also have the initial unemployment claims data on Thursday as well as existing home sales figures on Friday. The Fed will not be able to make any public statements before the meeting next week due to a blackout period.
This week, Tech, Finance, and Health are the top earners.
Netflix is the first to report this week, when its financial results are expected on Tuesday. The streamer had previously projected a 15% revenue increase for full-year.
This week, after several banks have already released better than expected earnings reports, Discover Financial and Capital One will release their financial information. Fifth Third Bank and Capital One are due to report on Tuesday. American Express It is anticipated that the issuer of credit cards will release its Fourth-Quarter Report on Friday.
Investors expect 3M’s sales to increase in its next quarter after the company reported a decline of two of three divisions. United Airlines, a rival airline to Delta Air Lines that reported strong earnings in early February, is expected to release its results on Tuesday. Its earnings outlook for this quarter exceeded analysts’ expectations.
On Wednesday, consumer products maker Procter & Gamble earnings are expected to come out after the company’s sales in the prior quarter were below estimates. Travelers’ Wednesday report comes as some insurance providers have experienced share-price declines over worries about the costs of the California wildfires.
The earnings reports of railroad shipping firms Union Pacific and CSX—expected on Thursday—will provide insight into the strength of the transportation and shipping sector. GE Aerospace’s report, also set to release that day, will show whether its commercial engines and services division can return to expectations, while GE Vernova is expected to report Wednesday amid analyst optimism over its gas turbines.
Verizon Communications, on Friday, will be looking to continue its growth in wireless and internet subscribers.
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