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*dates subject to change*
After another week in January, markets continued their rally ahead following some positive corporate earnings and GDP data that alleviated some recessionary concerns.
Some earnings highlights included Tesla and Seagate Technology, both of which rose by considerable margins after reporting large sales numbers that overcame analysts’ expectations.
Investors were glad to see corroborating economic news following the previous CPI release. Gross Domestic Product rose a strong 2.9% last quarter, helping to create a positive sentiment toward the current economic climate. Investors should look toward next week’s numbers on consumer confidence to confirm this growing sentiment.
Overall, U.S. stocks have remained positive to rally off of enlightening news headed into the new year. Going forward, investors should monitor the large upcoming earnings releases and the incoming Federal Reserve interest rate decision on Wednesday.
Here are the companies from this week’s expected earnings:
- United Parcel Service Inc – 01/31 (#ups)
- Advanced Micro Devices – 01/31 (#amd)
- Spotify Technology – 01/31 (#spotify)
- Meta Platforms Inc – 02/01 (#fb)
- T-Mobile US Inc – 02/01 (#tmus)
- Alphabet Inc – 02/02 (#googl)
- com Inc – 02/02 (#amzn)
- Apple Inc – 02/02 (#aapl)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!