...From CNN Money.com on Sunday 25 January...Monday 26 January: December existing home sales are expected to have fallen to a 4.40 million unit annual rate from a 4.49 million unit rate in November.
The December index of leading economic indicators (LEI) is expected to have fallen 0.3% after falling 0.4% in November.
Tuesday 27 January: The January consumer confidence index from the Conference Board is expected to hold steady at an all-time low of 38.0, unchanged from December.
Also due Tuesday is the S&P/CaseShiller home index for November, expected to show steep declines.
Wednesday 28 January: The Federal Reserve concludes its two-day policy meeting with an announcement on interest rates due at around 2:15 p.m. ET. No change is expected in the fed funds rate: The central bank lowered interest rates to nearly zero in December and hinted it would keep them there for some time.
As always, the statement accompanying the decision will be critical, as it offers the Fed's assessment of the economy, now in its second year of a recession. (Full story)
Also on Wednesday, the World Economic Forum kicks off in Davos, Switzerland. It runs through Sunday.
Thursday 29 January: The December durable goods orders report is due before the start of trade. Orders are expected to have dropped 1.8% after dropping 1.5% in November.
December new home sales are due after the start of trading. Sales are expected to have fallen to a 400,000 annual unit rate from a 407,000 annual unit rate in November.
Friday 30 January: Fourth-quarter gross domestic product (GDP) is expected to have fallen by an annual rate of 5.2%, after falling by an annual rate of 0.5% in the third quarter. That would be the biggest quarterly decline in roughly 26 years.
The January Chicago PMI, a regional read on manufacturing, is expected to have fallen to 34.2 from 35.1 in December.
The University of Michigan releases its revised January consumer sentiment index, which is expected to hold steady at 61.9.
Monday 26 January: Before the start of trade, heavy-equipment maker Caterpillar (CAT, Fortune 500), a Dow component, is expected to report earnings of $1.31 per share versus $1.50 a year ago, according to a consensus of analysts surveyed by Thomson Reuters.
Fellow Dow component McDonald's (MCD, Fortune 500) is expected to report earnings of 83 cents per share versus 73 cents a year ago.
After the market close, Dow component American Express (AXP, Fortune 500) is expected to report earnings of 22 cents per share versus 71 cents a year ago.
Also after the close, biotech Amgen (AMGN, Fortune 500) is expected to report a profit of $1.07 per share versus $1 a year ago.
Tuesday 27 January: Dow component DuPont (DD, Fortune 500) is set to report results before the start of trading. The chemical maker is expected to have lost 24 cents per share, after having earned 57 cents per share a year ago.
Verizon Communications (VZ, Fortune 500), also a Dow component, is expected to report earnings of 62 cents per share, the same as it did a year ago.
After the market close, Yahoo (YHOO, Fortune 500) is expected to report earnings of 13 cents per share versus 15 cents a year ago.
Wednesday 28 January: AT&T (T, Fortune 500) reports results before the start of trade. The Dow component is expected to report earnings of 65 cents per share versus 71 cents a year ago.
Also in the morning, Wells Fargo (WFC, Fortune 500) is expected to report earnings of 33 cents per share, versus 41 cents a year ago. Wells Fargo is perceived as having held up better than a number of other banks.
Thursday 29 January: 3M (MMM, Fortune 500), due to report results before the start of trade, is expected to have earned 93 cents per share versus $1.19 a year ago. The Dow component is often seen as a proxy for the economy because of the breadth of its businesses.
After the market close, Amazon.com (AMZN, Fortune 500) is expected to report earnings of 39 cents per share versus 48 cents a year ago.
Friday 30 January: A pair of oil companies report results before the start of trade. Chevron (CVX, Fortune 500) is expected to have earned $1.81 per share versus $2.32 a year ago. Exxon Mobil (XOM, Fortune 500), a Dow component, is expected to report earnings of $1.47 per share versus $2.16 a year ago.
Also before the open, Dow component Honeywell (HON, Fortune 500) is expected to have earned 97 cents per share, versus 91 cents a share a year ago.
Procter & Gamble (PG, Fortune 500) is expected to have earned $1.58 per share versus 98 cents a year ago.
*
All in all, it appears any news this week will be poor at best, and dismal and staggering at worst. And research clearly shows the DJI index is overvalued and distorted, and not truly representative of corporate asset values.
*****
No comments:
Post a Comment