Moving into the third week of the year, earnings for S&P 500 companies are forecast to be up more than 20% this quarter. Treasury yields are being watched closely as the 10-year Treasury yield is at 1.79%.
Conferences and Corporate Events
FTC Solar (NASDAQ:FTCI) will hold a business insights call on January 18.
23andMe (NASDAQ:ME) holds its first R&D Day.
Astra Space (NASDAQ:ASTR) is scheduled to launch six CubeSats into orbit.
Cardiff Oncology (NASDAQ:CRDF) holds a conference call to discuss drug data.
Vistas Media Acquisition (NASDAQ:VMAC) shareholders vote on the Anghami business combination.
Power & Digital Infrastructure (NASDAQ:XPDI) shareholders vote on the Core Scientific deal.
Conn’s (NASDAQ:CONN) will hold an Investor Day.
Economic Calendar
Housing starts, building permits, existing home sales and the Philadelphia Fed Index. HERE
No news from the Fed this week, as there is a blackout period in place ahead of the FOMC meeting on January 26.
Earnings
Earnings reports from Goldman Sachs (NYSE:GS), Procter & Gamble (NYSE:PG), Travelers (NYSE:TRV) and Netflix (NASDAQ:NFLX) are expected this week.
Guidance updates are likely to vary widely as companies continue to deal with inflation pressures.
Tuesday, January 18 Goldman Sachs (GS), PNC Bank (NYSE:PNC), Truist (NYSE:TFC), J.B. Hunt Transport (NASDAQ:JBHT) and Stride (NYSE:LRN).
Wednesday, January 19 UnitedHealth (NYSE:UNH), Bank of America (NYSE:BAC), Procter & Gamble (PG), Morgan Stanley (NYSE:MS), U.S. Bancorp (NYSE:USB), United Airlines (NASDAQ:UAL) and Kinder Morgan (NYSE:KMI).
Thursday, January 20 American Airlines (NASDAQ:AAL), Travelers (TRV), Union Pacific (NYSE:UNP), Netflix (NFLX) and CSX (NASDAQ:CSX).
Friday, January 21 Ally Financial (NYSE:ALLY), Honeywell (NASDAQ:HON), IHS Markit (NYSE:IHS) and Schlumberger (NYSE:SLB).
IPO Watch
January 18, 2022
Verdant Earth Technologies Limited (VDNT) and Jupiter Neurosciences (JUNS)
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