The financial report season for US stocks continues. This week Microsoft, Tesla, Intel, Boeing and other big companies will release their financial reports one after another. In addition, the Bank of Japan will release the minutes of its monetary policy meeting after the interest rate meeting last week; there will also be a series of economic data this week It will be released, including the manufacturing PMI values of major economies in January, and the CPI in the fourth quarter of last year. Here are the important events of the week:
Microsoft, Tesla, and Intel’s financial reports kick off the technology stock earnings week
The US stock earnings season kicked off, and the market focused on the performance of technology stocks in the fourth quarter of the calendar year last year. This week, technology stocks were led by Microsoft (MSFT-US) and Texas Instruments (TXN-US). Semiconductor equipment giant ASML (ASML-US) took the lead. ) followed by electric vehicle giants Tesla (TSLA-US), Intel (INTC-US), and telecommunications giants Verizon (VZ-US), AT&T (T-US), Boeing (BA-US) US) is also due to report earnings and issue an outlook.
According to FactSet statistics, as of last week, 11% of the companies in the S&P 500 Index have announced financial reports, and more than 60% of them have revenue and profits that are better than Wall Street’s expectations. 70% of the companies are expected to suffer losses, which is the highest average ratio in the past 10 years.
According to FactSet, Wall Street analysts expect the average profit of 500 companies in the first quarter to decline by 1.1% and revenue to grow by 2.7%. , but it is expected that the average corporate profit will grow by 4.6% and revenue by 1.5% in the third quarter, and will grow by 10.5% and revenue by 4.6% in the fourth quarter. .
Bank of Japan releases minutes of monetary policy meeting ECB Lagarde speaks
After the Bank of Japan raised interest rates without warning in December, the mid-January interest rate meeting remained unchanged, but raised inflation forecasts to reflect the fact that companies continue to pass on raw material prices to consumers, and adhere to the YCC plan. This week, the Bank of Japan will The release of the minutes of the monetary policy meeting is expected to release more views on interest rates and inflation; at the same time, European Central Bank President Christine Lagarde will also speak on the economic situation.
The PMI indexes of major economies such as the United States and Germany are released
After experiencing economic weakness in the second half of last year, large economies such as the United States will release economic data such as manufacturing PMI values this week. The market expects that the manufacturing boom in France, Germany, and the United Kingdom is expected to pick up, and the U.S. manufacturing PMI is also expected to be slightly lower U.S. durable goods orders in December last year are also expected to turn positive from negative growth in the previous month, up 2.5% from November, driven by the peak consumption season.