We will find out this week just how much airlines are benefitting from lower fuel costs when Delta, United Continental and others report earnings this week. Earnings season is in full swing, of course, with reports coming in from sectors across the board, from McDonald’s to General Electric, Johnson & Johnson, Verizon and IBM and more.
After the Swiss National Bank shocked the world by ditching the franc’s peg to the euro Thursday, more news will be coming from Switzerland this week as movers and shakers from around the globe meet at the World Economic Forum in Davos.
Markets will be closed Monday for the Martin Luther King, Jr. holiday.
What follows are calendar highlights for the week. (All times are Eastern Standard Time; forecasts by analysts/economists polled by Zacks Investment Research.)
Federal Reserve Events
Tuesday, Jan. 20
Federal Reserve Gov. Jerome Powell and UK Financial Conduct Authority Chief Martin Wheatley discuss financial market conduct and structure, Washington, 10 a.m.
Economic Reports
Tuesday, Jan. 20
Housing Market Index, 10 a.m.
Wednesday, Jan. 21
Housing Starts, 8:30 a.m.
Thursday, Jan. 22
Jobless Claims, 8:30 a.m. Manufacturing Purchasing Managers Index – flash, 9: 45 a.m. EIA Petroleum Status Report, 11 a.m. Friday, Jan. 23 Existing Home Sales, 10 a.m.
Company Earnings
Tuesday, Jan. 20
Baker Hughes Inc. (Consensus estimate is $1.10 per share vs 62 cents a year ago)
Delta Air Lines, Inc. (75 cents vs 65 cents a share)
Halliburton Co. ($1.13 a share vs 93 cents)
IBM ($5.45 a share vs $6.13)
Johnson & Johnson ($1.25 vs $1.24 a share)
Morgan Stanley (49 cents a share vs 50 cents)
Netflix Inc. (44 cents a share vs 79 cents)
Wednesday, Jan. 21 American Express ($1.38 vs $1.25)
Discover Financial Services ($1.30 a share vs $1.23)
eBay Inc. (78 cents a share vs 71 cents)
SanDisk Corp. ($1.15 a share vs $1.60)
UnitedHealth Group Inc. ($1.50 a share vs $1.41)
U.S. Bancorp (77 cents a share vs 76 cents)
Thursday, Jan. 22 Altera Corp. (35 cents a share vs 31 cents) Coach Inc. (65 cents vs $1.06 a share)
Southwest Airlines Co. (54 cents vs 33 cents)
Starbucks Corp. (80 cents a share vs 71 cents)
Travelers Cos., Inc. ($2.50 a share vs $2.68)
Union Pacific Corp. ($1.51 vs $1.27 a share)
United Continental Holdings, Inc. ($1.09 a share vs 78 cents)
Verizon Communications (73 cents a share vs 66 cents)
Friday, Jan. 23 General Electric (55 cents a share vs 53 cents)
Honeywell International Inc. ($1.42 a share vs $1.24)
Kimberly-Clark Corp. ($1.36 a share vs $1.44) McDonalds Corp. ($1.21 a share vs $1.40)
Best wishes,
The Money and Markets Team
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