The Market News Reel for this week! Get the most important market news & updates for the week ahead! Major headlines, excerpts from news sources and a link to the full article are shown below. "Breaking Thoughts" section is purely our opinion.
Tech Leads US Stocks Lower, in Volatile Week
"Stocks fell, capping the worst week since the outbreak of the pandemic roiled markets, with tech shares bearing the brunt of the selloff amid shaky company earnings and prospects for higher U.S. interest rates.
The S&P 500 closed below its 200-day moving average, a key technical level, for the first time since 2020. The tech-heavy Nasdaq 100 slid the most among major benchmarks Friday, led by a more than 20 per cent plunge in shares of streaming giant Netflix Inc. Bitcoin tumbled in an extended selloff for cryptocurrencies, briefly falling below US$38,000 to its lowest level in more than five months.
Volatility that has gripped markets this month showed little sign of letting up Friday, with the S&P 500 falling for a fourth day, extending losses in the period to 5.7 per cent for the worst, albeit shortened, week since March 2020." - read more on BNN Bloomberg here
Breaking Thoughts: Last week was nasty. Netflix fell 22% on -slower- growth. However, there were virtually no safe havens for investors long stocks. 
There are more earnings this week, and to counter the hawkish Fed (as they begin a more aggressive schedule of interest rate hikes & bond sales), these earnings need to stellar with management guiding higher. Otherwise, any repeats of the Netflix earnings, or more bad news from the Fed, and the losses will likely continue. The biggest names to watch out for are $AAPL, $MSFT, $TSLA, $INTC, and $V.
Major Earnings This Week
Monday January 24:
Citrix Systems (CTXS): Expected Q4 earnings of $1.07 per share
IBM (IBM): Expected Q4 earnings of $3.30 per share
Logitech (LOGI): Expected Q3 earnings of $1.19 per share
Tuesday January 25:
3M (MMM): Expected Q4 earnings of $2.01 per share
Canadian National Railway (CNI): Expected Q4 earnings of $1.53 per share
General Electric (GE): Expected Q4 earnings of $0.85 per share
Microsoft (MSFT): Expected Q2 earnings of $2.31 per share
Texas Instruments (TXN): Expected Q4 earnings of $1.94 per share
Verizon (VZ): Expected Q4 earnings of $1.29 per share
Wednesday January 26:
AT&T (T): Expected Q4 earnings of $0.76 per share
Boeing (BA): Expected Q4 earnings of $-0.35 per share
Intel (INTC): Expected Q4 earnings of $0.91 per share
Lam Research (LRCX): Expected Q2 earnings of $8.51 per share
Seagate Technology (STX): Expected Q2 earnings of $2.36 per share
Tesla (TSLA): Expected Q4 earnings of $2.31 per share
Thursday January 27:
Apple (AAPL): Expected Q1 earnings of $1.89 per share
Canadian Pacific Railway (CP): Expected Q4 earnings of $0.99 per share
Robinhood Markets (HOOD): Expected Q4 earnings of $-0.44 per share
Rogers Communications (RCI): Expected Q4 earnings of $0.97 per share
Visa (V): Expected Q1 earnings of $1.70 per share
Western Digital (WDC): Expected Q2 earnings of $2.13 per share
Friday January 28:
Caterpillar (CAT): Expected Q4 earnings of $2.26 per share
Major IPOs Expected This Week
Thursday January 27:
Credo Technology (CRDO), a data infrastructure company seeks to raise up to $335M at a $1.8B valuation
See you next week!
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