The Week Ahead: Fed, GDP Highlight Data; Apple Earnings on Deck

An extremely busy week is highlighted by the Fed meeting, the advance reading on fourth-quarter GDP, and Apple earnings

by Josh Selway

Published on Jan 21, 2016 at 4:45 PM

Earnings season is set to hit its stride next week, with various big-name firms scheduled to announce quarterly results. Blue chips McDonald's Corporation (NYSE:MCD), Apple Inc. (NASDAQ:AAPL), and Johnson & Johnson (NYSE:JNJ) will get the ball rolling early in the week, with Facebook Inc (NASDAQ:FB), Microsoft Corporation (NASDAQ:MSFT), and Chevron Corporation (NYSE:CVX) rounding things out in the latter half.

These high-profile earnings could be overshadowed by the two-day Federal Open Market Committee (FOMC) meeting, which will begin Tuesday. In the wake of Wednesday's latest policy-setting statement from the FOMC, traders will also keep a close eye on Friday's advance reading on fourth-quarter gross domestic product (GDP) to gauge the strength of the economy.

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. 

Monday, 1/25

There are no notable economic reports due out on Monday. MCD, D.R. Horton (DHI), Halliburton (HAL), and Kimberly-Clark (KMB) will report earnings. 

Tuesday, 1/26

The economic data for the week starts with the S&P/Case-Shiller home price index and the Conference Board's consumer confidence survey. The FOMC will also begin its two-day meeting. 

On the earnings front, 3M (MMM), AAPL, DuPont (DD), JNJ, Procter & Gamble (PG), AT&T (T), AK Steel (AKS), Capital One (COF), Coach (COH), Corning (GLW), Freeport-McMoRan (FCX), Lockheed Martin (LMT), Sprint (S), U.S. Steel (X), and VMware (VMW) will report quarterly figures. 

Wednesday, 1/27

On Wednesday, new home sales will be released, as well as the weekly update on domestic crude inventories. The FOMC will also announce its latest policy decision. 

Stepping up to the earnings booth will be Boeing (BA), United Technologies (UTX), FB, Anthem (ANTM), Biogen (BIIB), Cliffs Natural Resources (CLF), Cirrus Logic (CRUS), Discover Financial (DFS), eBay (EBAY), Fiat Chrysler (FCAU), Juniper Networks (JNPR), Las Vegas Sands (LVS), Norfolk Southern (NSC), Qualcomm (QCOM), and Tractor Supply (TSCO)

Thursday, 1/28

Weekly jobless claims highlight Thursday's economic data, with durable goods orders and pending home sales also set for release. 

Caterpillar (CAT), MSFT, Visa (V), Alibaba (BABA), Amazon (AMZN), Blackstone (BX), Bristol-Myers Squibb (BMY), Celgene (CELG), Electronic Arts (EA), Eli Lilly (LLY), Ford Motor (F), Harley-Davidson (HOG), JetBlue Airways (JBLU), Northrop Grumman (NOC), PulteGroup (PHM), Raytheon (RTN), Skyworks Solutions (SWKS), Sherwin-Williams (SHW), Time Warner Cable (TWC), and Under Armour (UA) will all step into the earnings confessional. 

Friday, 1/29

The initial fourth-quarter GDP estimate will absorb most of the Street's attention on Friday. The employment cost index (ECI), Chicago purchasing managers index (PMI), and consumer sentiment will also be released. 
CVX, AbbVie (ABBV), American Airlines (AAL), Colgate-Palmolive (CL), Honeywell (HON), MasterCard (MA), Newell Rubbermaid (NWL), Phillips 66 (PSX), Seagate Technology (STX), Sony (SNE), Tyco (TYC), Whirlpool (WHR), and Xerox (XRX) will conclude the week's earnings reports. 

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