#RingTheBell: Corporate Earnings, ECB, and BOC Rates Decision

Netflix, IBM, and Johnson & Johnson and everything else to watch next week

This week, the market focused on two main things.

First, the United States and China signed the first phase of the trade agreement. The new deal will see China buy goods worth more than $200 billion from the United States, be more welcoming to US companies, and make improvements to protect intellectual property.

US tariffs on Chinese goods will remain.

Second, the earnings season started on Tuesday. The season starts when the big banks like JP Morgan and Citigroup release their earnings.

In this article, we will look at the key events to watch in the coming week.

More Earnings

The coming week will see more US and international companies release their fourth quarter earnings. Many companies will also start releasing their annual reports, also known as the form 10k.

On Tuesday, the market will receive earnings from UBS, the Swiss bank, PetMed Express, Halliburton, Signature Bank, TD Ameritrade, IBM, Interactive Brokers, Netflix, Capital One, Navient, and Polarity.

On Netflix, the market will want to see whether there’s any impact on the company after Disney launched its streaming service (we talked in Streaming War post). On IBM, the marker will want to see how the company is integrating the Red Hat acquisition. They will also want to see the growth in cloud computing.

How to Trade Corporate Merger and Acquisitions

On Wednesday, the market will receive results from companies like Fifth Third Bank, Johnson & Johnson, Baker Hughes, Ally Financial, Abbot Laboratories, Northern Trust Corporation, Prologis, Texas Instruments, Raymond James Financial, Cree, Dover Corporation, and Kinder Morgan among others.

The key company to watch here will be Johnson & Johnson, which is facing significant litigation in the United States.

On Thursday, the market will receive data from Atlassian, Southwest Airlines, Kimberly-Clark, VF Corp, Heritage Financial Corporation, JetBlue, Skyworks, E*Trade, Western Alliance, Freeport-McMoran, and Teladyne.

The company to watch will be E*Trade, which will release its first results after it brought its commissions to zero.

Finally, on Friday, the market will receive results from Air Products & Chemicals, Synchrony Financial, Honeywell, and a number of regional banks.

Interest Rates

In the coming week, the market will receive a number of interest rates. On Wednesday, the Bank of Canada (BoC) will deliver its rates decision. The bank is expected to leave rates unchanged at 1.75%.

Therefore, this decision will not in itself move the markets.

Instead, what will move the market will be the forward guidance that the bank will provide. On the following day, Christine Lagarde will deliver her second interest rates decision. The ECB will likely leave rates unchanged and continue the asset purchases.

Other Economic Data

There will be other economic data to watch in the coming week. From the United Kingdom, the market will receive the December wage data on Tuesday and retail sales numbers on Thursday.

These numbers will come a week after the country released relatively weak GDP and inflation numbers.

The market will also receive the CPI data from Canada, employment data from Australia, inflation data from New Zealand, and CPI data from Japan.

Meanwhile, on Friday, the market will receive the preliminary PMI data from Europe.

External Useful Resources

  • What’s in (and Not in) the U.S.-China Trade Deal – NYTimes
  • Why Johnson & Johnson Will Survive its Latest Litigation Wave – TheMotleyFool

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