A Crowded Earnings Calendar Ahead

Last week, major banks like Citigroup Inc C, The Goldman Sachs Group GS, and Bank of America Corporation BAC have reported quarterly results with solid beats. Dozens of companies are scheduled to report this week, from Tesla Inc TSLA and Netflix Inc NFLX to blue chips Procter & Gamble PG, Johnson & Johnson JNJ, American Express Company AXP, Intel Corporation INTC, and Honeywell HON.

This week could also go down in crypto history with the first bitcoin futures exchange-traded fund coming to life in the trading universe.

Crypto ETF

This week will be monumental for crypto as the first bitcoin futures exchange-traded fund is set to begin trading when ProShares Bitcoin Strategy ETF makes its debut. Last week ended with Bitcoin rising above $60,000 for the first time in six months on Friday.

Tuesday

Along with Netflix, Johnson & Johnson, and Procter & Gamble, The Travelers Companies TRV, United Airlines Holdings UAL, Synchrony Financial SYF, Halliburton Company HAL, Manpower Group Inc MAN, The Bank of New York Mellon Corporation BK, and Intuitive Surgical Inc ISRG are also among the many to report their latest quarter results.

Wednesday

Beginning with the EV titan Tesla, the earnings schedule also contains reports from Verizon Communications Inc VZ, International Business Machines Corporation IBM, Lam Research Corporation LCRX, CSX Corporation CSX, Baker Hughes Company BKR, and Abbott Laboratories ABT.

Thursday

Beginning with AT&T Inc T, Intel Corporation is hoping to win back Apple Inc AAPL by outcompeting it, along with Blackstone Inc BX and Union Pacific Corporation UNP are also set to report.

The pandemic winner Chipotle Mexican Grill Inc CMG is also on the itinerary, with its share price up nearly 37% over the past year while most of its peers took a big hit during the pandemic.

There will also be a report from Snap Inc SNAP whose prospects on the social media landscape are bright as the younger generations who are the primary user base become the largest generation. There's also the fact that ad revenue is shifting from Facebook Inc FB and its owned Instagram. But there are still many headwinds and only a few tailwinds in a severely competitive market.

Southwest Airlines Co LUV, American Airlines Group Inc AAL, and Alaska Air Group ALK will also provide relevant insights on travel trends that have been redefined over the course of the global pandemic.

Wall Street is expecting AutoNation Inc AN to report a YoY increase in earnings on higher revenues as the auto retailer continues to expand its used-car store program.

Friday

Reports from Honeywell International Inc and American Express Company will wrap up the week. On Monday, AmEx revealed it will allow employees to work from anywhere they want for up to four weeks a year, including the 15 days when employees are allowed to work outside their country. Putting this somewhat hybrid model aside, the company plans to start bringing its employees in the United States, UK, and Germany back to offices from January 24^th.

By the looks of it, the often spooky trading pattern of October has been shaken off, but whether stocks continue going in the right direction also depends on this week's earnings reports.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com

The post A Crowded Earnings Calendar Ahead appeared first on IAM Newswire.

Image Sourced from Pixabay