Short Week Packed With Blue-Chip Earnings
U.S. markets will be closed on Monday for Martin Luther King Jr. Day
It will be a busy yet abbreviated week, with markets closed on Monday for Martin Luther King Jr. Day. Earnings season will continue to pick up steam next week, with a number of Dow stocks in focus, including IBM (IBM), Johnson & Johnson (JNJ),and Intel (INTC). Starbucks (SBUX) and Ford Motor (F) will also be in the earnings spotlight, as well as several airline names. It will be relatively quiet on the economic data front, as traders absorb the Fed balance sheet and more housing data.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
On Monday, Jan. 21, U.S. markets will be closed for Martin Luther King Jr. Day.
On Tuesday, Jan. 22, traders will digest existing home sales data. Blue chips IBM (IBM), Johnson & Johnson (JNJ), and Travelers (TRV) will kick off a busy earnings week, as well as Capital One (COF), Fifth Third Bancorp (FITB), Halliburton (HAL), Stanley Black & Decker (SWK), Steel Dynamics (STLD), and UBS AG (UBS) all reporting.
Wednesday, Jan. 23, will be relatively quiet on the economic front, but packed with quarterly earnings reports -- including Procter & Gamble (PG), United Technologies (UTX), Abbott Labs (ABT), Citrix (CTXS), Comcast (CMCSA),Ford Motor (F), Kimberly-Clark (KMB), Las Vegas Sands (LVS), Texas Instruments (TXN), and Xilinx (XLNX).
Weekly jobless claims, the weekly crude inventories report, and the Fed balance sheet are all slated for Thursday, Jan 24. Dow member Intel (INTC), Alaska Air (ALK), American Airlines (AAL), Bristol-Meyers Squibb (BMY),E*TRADE (ETFC), JetBlue (JBLU), Southwest Airlines (LUV), Starbucks (SBUX), and Western Digital (WDC) are all entering the earnings confessional.
Friday, Jan. 25, will bring durable goods orders and new home sales data. The week will come to a close with AbbVie (ABBV) and Colgate-Palmolive (CL) tossing their earnings into the ring.