Last week, major banks like Citigroup Inc (NYSE: C), The Goldman Sachs Group (NYSE: GS) and Bank of America Corporation (NYSE: BAC) have reported quarterly results with solid beats. Dozens of companies are scheduled to report this week, from Tesla Inc (NASDAQ: TSLA) and Netflix Inc (NASDAQ: NFLX) to blue chips The Procter & Gamble (NYSE: PG), Johnson & Johnson (NYSE: JNJ), American Express Company (NYSE: AXP), Intel Corporation (NASDAQ: INTC) and Honeywell (NASDAQ: 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 a 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 (NYSE: TRV), United Airlines Holdings (NASDAQ: UAL), Synchrony Financial (NYSE: SYF), Halliburton Company (NYSE: HAL), Manpower Group Inc (NYSE: MAN), The Bank of New York Mellon Corporation (NYSE: BK) and Intuitive Surgical Inc (NASDAQ: 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 (NYSE: VZ), International Business Machines Corporation (NYSE: IBM), Lam Research Corporation (NASDAQ: LCRX), CSX Corporation (NASDAQ: CSX), Baker Hughes Company (NYSE: BKR) and Abbott Laboratories (NYSE: ABT).
Thursday
Beginning with AT&T Inc (NYSE: T), Intel Corporation who is hoping to win back Apple Inc (NASDAQ: AAPL) by outcompeting it, along with Blackstone Inc (NYSE: BX) and Union Pacific Corporation (NYSE: UNP) are also set to report.
The pandemic winner Chipotle Mexican Grill Inc (NYSE: 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 (NYSE: 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 (NASDAQ: FB) and its owned Instagram. But there are still many headwinds and only a few tailwinds in a severely competitive market.
Southwest Airlines Co (NYSE: LUV) and American Airlines Group Inc (NASDAQ: AAL) and Alaska Air Group (NYSE: 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 (NYSE: 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
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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.
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