FAANG Earnings, Fed, and Payrolls Highlight Packed Week

Facebook, Apple, Amazon, and Google will report earnings next week

by Karee Venema

Published on Jan 25, 2018 at 2:02 PM
Updated on Jan 25, 2018 at 2:02 PM

Earnings season continues to ramp up next week, with a slew of high-profile names set to release quarterly results. The rest of the FAANG stocks will take their turn in the limelight, as well as several blue-chip companies including Boeing (NYSE:BA), McDonald's (NYSE:MCD), Exxon Mobil (NYSE:XOM), and Visa (NYSE:V). Meanwhile, the economic calendar is also jam-packed with goodies, featuring the first Federal Open Market Committee (FOMC) meeting of the year, and a week of jobs data punctuated by the closely watched nonfarm payrolls report.

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. 29, the Dallas Fed manufacturing survey, as well as personal income and outlays, are due out. Dominion Energy (D), Lockheed Martin (LMT), Overstock.com (OSTK), Seagate Technology (STX), and Sohu.com (SOHU) will report earnings.

Tuesday, Jan. 30, will mark the beginning of the Fed meeting, and consumer confidence stats and the S&P CoreLogic Case-Shiller home price index will be released. McDonald's (MCD), Pfizer (PFE), Advanced Micro Devices (AMD), AK Steel (AKS), Corning (GLW), Electronic Arts (EA), Harley-Davidson (HOG), Nucor (NUE), and PulteGroup (PHM) earnings are due.

On Wednesday, Jan. 31, the Fed will be front and center with its policy decision at 2 p.m. ET. The ADP private-sector payrolls report, the employment cost index, and the Chicago purchasing managers index (PMI) will all be released, along with data on existing home sales and the weekly crude inventories update. AT&T (T), Boeing (BA), Microsoft (MSFT), Facebook (FB), Anthem (ANTM), D.R. Horton (DHI), Eli Lilly (LLY), Check Point Software (CHKP), eBay (EBAY), PayPal (PYPL), Qualcomm (QCOM),  Sirius XM (SIRI), U.S. Steel (X), and Xerox (XRX) are slated for earnings reports.

On Thursday, Feb. 1, the new month will kick off with motor vehicle sales, weekly jobless claims, productivity and labor costs, Markit's manufacturing PMI, the Institute for Supply Management's (ISM) manufacturing index, construction spending, and the Fed's balance sheet. Apple (AAPL), Visa (V), Alphabet (GOOGL), Amazon.com (AMZN), Alibaba (BABA), CME Group (CME), Deckers Outdoor (DECK), GoPro (GPRO), MasterCard (MA), Mattel (MAT), Ralph Lauren (RL), and United Parcel Service (UPS) will step up to the earnings plate.

The highly anticipated monthly payrolls report, the University of Michigan's consumer sentiment survey, and data on factory orders will hit the Street on Friday, Feb. 2. San Francisco Fed President John Williams is also slated to speak. Chevron (CVX), Exxon-Mobil (XOM), Merck (MRK), Phillips-66 (PSX), Sprint (S), and Weatherford (WFT) will close out the week in earnings.

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