Fed Meeting Headlines Earnings-Packed Week

The two-day Fed meeting will begin on Tuesday at 2 p.m. ET

by Lillian Currens

Published on Jan 23, 2020 at 10:23 AM

Next week is absolutely brimming with activity, both on the earnings and economic fronts. On top of that, the Federal Open Market Committee's (FOMC) two-day meeting will commence on Tuesday, with a policy announcement and a press conference from Fed Chair Jerome Powell wrapping up the market-moving activities on Wednesday.

Earnings season is undoubtedly in full swing with reports from a number of blue chip and FAANG stocks on the docket. Of note are Apple (AAPL), Amazon (AMZN), Caterpillar (CAT), Coca-Cola (KO), Boeing (BA), Facebook (FB), McDonald's (MCD), and Microsoft (MSFT). Tesla (TSLA) and Starbucks (SBUX) will also share in the earnings spotlight. 

Traders will also digest several important market indicators, including gross domestic product (GDP) data and the employment cost index (ECI) for the fourth quarter. Data on home sales and consumer spending for December is also due out. 

Below is a brief list of some key market events scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

On Monday, Jan. 27, investors will keep an eye on new home sales data. Earnings from Ashland (ASH), F5 Networks (FFIV), WesBanco (WSBC) and Whirlpool (WHR) will be released. 

A slew of economic data is on tap for Tuesday, Jan 28, including durable goods orders, core capital goods orders, the S&P CoreLogic Case Shiller home price index, and the consumer confidence index. Today will also kick off the Federal Open Market Committee's two-day meeting.

A number of blue chips will enter the earnings confessional, including 3M (MMM), Apple, Pfizer (PFE) and United Tech (UTX). Reports from Advanced Micro (AMD), Cree (CREE), eBay (EBAY), Harley-Davidson (HOG), Starbucks (SBUX), Xerox (XRX) and Xilinx (XLNX) are also due out. 

On Wednesday, Jan. 29, the Fed will release its latest policy announcement at 2 p.m. ET, followed by a press conference from Fed Chair Jerome Powell. Pending home sales are also slated for release, as well as earnings from Boeing, Dow (DOW), McDonald's, Microsoft, Alibaba (BABA), Anthem (ANTM), AT&T (T), Facebook, General Electric (GE), MasterCard (MA), and Tesla (TSLA). 

Thursday, Jan. 30, will bring weekly jobless claims and fourth-quarter gross domestic product data. Coca-Cola, Verizon (VZ), Visa (V), Altria (MO), Amazon, Biogen (BIIB), Eli Lilly (LLY), Hershey Foods (HSY), Sprint (S), UPS (UPS), and U.S. Steel (X) will all throw their hats into the earnings ring.  

Friday, Jan. 31, is packed full of economic indicators, including the employment cost index, the core consumer price index (CPI), the Chicago purchasing managers index (PMI), and the University of Michigan consumer sentiment index. Data on personal income and consumer spending is also expected out, as well as quarterly reports from Caterpillar (CAT), Chevron (CVX), Exxon Mobil (XOM), Colgate-Palmolive (CL), Honeywell (HON), and Stifel Financial (SF). 

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