Over the past week, the markets were largely green on the back of Donald Trump being sworn into office. Additionally, we saw some better-than-expected earnings releases and overall good sentiment in the market, which also helped to push up stocks. We also saw the announcement of the Stargate Initiative, which will funnel roughly $500 billion into artificial intelligence infrastructure upgrades over the coming years. However, we’re not out of the woods yet, as we have an incredibly important week of earnings ahead of us!
Unfortunately, we didn’t have many notable economic data releases this week. However, the announcement of Stargate was a huge force that helped push up the stock prices of big tech companies over the past week. This initiative turned a lot of heads this week but was met with mixed feelings. Only time will tell if this massive AI infrastructure investment will pay dividends to the US economy. Â
This week will not just be a big week for earnings releases, but it’ll also be a huge week for economic data releases! This week, we kick things off with consumer confidence on Tuesday, followed by the FOMC interest rate decision on Wednesday. We then have Q1 GDP and pending home sales on Thursday, followed by personal income and spending and PCE on Friday. All of these metrics will be incredibly important to pay attention to, as the market will undoubtedly react in a very volatile way if expectations for any of these metrics are beat/missed.
Things really heat up this week, as we have some of the largest companies in the world report their earnings, such as:
01/27 – AT&T (T), Brown & Brown (BRO), Nucor (NUE), SoFi Technologies (SOFI)
01/28 – SAP SE (SAP), RTX (RTX), Stryker (SYK), Boeing (BA), Lockheed Martin (LMT), Starbucks (SBUX), Chubb Limited (CB), Royal Caribbean Cruises (CB), General Motors (GM), PACCAR (PCAR), Kimberly-Clark (KMB), Sysco Corporation (SYF), Packaging Corporation of America (PKG)
01/29 – Microsoft (MSFT), Meta Platforms (META), Tesla (TSLA), ASML (ASML), T-Mobile US (TMUS), ServiceNow (NOW), International Business Machines (IBM), Danaher (DHR), Automatic Data Processing (ADP), Lam Research (LRCX), Waste Management (WM), Canadian Pacific Kansas City (CP), General Dynamics (GD), Norfolk Southern (NSC), United Rentals (URI), MSCI (MSCI), Nasdaq (NDAQ)
01/30 – Apple (AAPL), Visa (V), Mastercard (MA), Thermo Fisher Scientific (TMO), Shell (SHEL), Caterpillar (CAT), Comcast (CMCSA), Blackstone (BX), Sanofi (SNY), United Parcel Service (UPS), Marsh & McLennan Companies (MMC), KLA Corporation (KLAC), Intel (INTC), Sherwin-Williams (SHW), Trane Technologies (TT), Parker-Hannifin (PH), The Cigna Group (CI), Northrop Grumman (NOC), Atlassian (TEAM), Canadian National Railway (CNI)
01/31 – Exxon Mobil (XOM), AbbVie (ABBV), Chevron (CVX), Novartis (NVS), Eaton Corporation (ETN), Aon (AON), Colgate-Palmolive (CL)
This is the week where things truly heat up. The market will be paying close attention to everything that the big tech companies like MSFT, META, TSLA, and AAPL have to say about their most recent quarter. These giants will undoubtedly move the market in one way or another, depending on what they have to say regarding AI and their AI strategies.
It’ll also be important to pay attention to the payment processors V and MA, as these companies will give us a good idea of how much money consumers are spending and where they are spending that money!
Monitoring the market conditions this week.
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