The major indexes moved higher to start the week as investors look toward a slew of earnings reports, economic data and the Federal Reserve’s next meeting and interest rate decision — and more in Monday’s stock market recap.
This week the earnings season floodgates burst open, with a number of heavy hitters reporting.
Johnson & Johnson (NYSE: JNJ) and Verizon Communications Inc. (NYSE: VZ) report before the bell Tuesday, with Microsoft Corp. (Nasdaq: MSFT) reporting after the close.
Wednesday brings reports from AT&T Inc. (NYSE: T) and The Boeing Co. (NYSE: BA) before the open, with Tesla Inc. (Nasdaq: TSLA) and International Business Machines Corporation (NYSE: IBM) reporting after the close.
And on Thursday we have Comcast Corp. (Nasdaq: CMCSA), Southwest Airlines Co. (NYSE: LUV), American Airlines Group Inc. (Nasdaq: AAL) and JetBlue Airways Corp. (Nasdaq: JBLU) all reporting before the bell, with Intel Corp. (Nasdaq: INTC) ending the day with its report after the close.
In terms of data, we have some big reports on the schedule ahead of the next Federal Open Market Committee meeting beginning on Tuesday, Jan. 31.
We get durable goods orders, retail inventories, international trade in goods, jobless claims and gross domestic product on Thursday. Friday will bring information on personal income and outlays and consumer sentiment.
Investors are keen to see how the economy is faring ahead of the FOMC meeting announcement on Wednesday, Feb. 1, where the Fed is expected to raise interest rates 0.25%, bringing rates into a target range of 4.5%-4.75%.
In this morning’s stock market recap video, I’ll discuss whether put buyers or call buyers drove prices last week… which stocks to watch for earnings and how they’ll impact the market… whether bonds are ready for another short or need a bit more upside… which sector is grossly oversold and needs to rally… which sector is getting too strong for its own good in the short term… key levels on major indices you need to watch this week… plus the most likely scenario for the Dow and rest of the market!
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. 2023 Is About to Get Bumpy
Joy of the Trade’s Jeff Zananiri has some bold claims to his name…
He helped his old hedge fund go 10 straight years without a single losing quarter…
Once bagged over $1 million in just 30 minutes for his old fund…
And back in May 2022 in the peak of the housing crisis, Jeff let his readers know that his research was pointing to a 20%-30% drop in home prices.
Sure enough, sales followed his call and dropped to the lowest levels since 2015.
It’s safe to say he’s seen a lot of market mayhem throughout his career. And Jeff just uncovered a major “Financial Hurricane” set to hit in 2023…
If you’re not prepared for the storm ahead, you could get whisked away.
But Jeff has a game plan — a 90-day market mission to get traders out of the dust…
And he’s revealing it LIVE at 2 p.m. ET on Tuesday, Jan. 24.
Unlock Your Battle Plan Before the Event Here
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to firstname.lastname@example.org!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.