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Welcome Back,

A whole lot of earnings today!!!

Market Headlines 👀 

• Apple (AAPL) announces updates regarding its new EV car which could launch by 2028.

• India officially tops Hong Kong to become the 4th largest stock market in the world.

• Netflix (NFLX) announces it will begin streaming WWE Raw starting next year, its biggest splash into live entertainment.

• China is weighing a stock market rescue plan which could bring in as much as $278b into its economy.

Earnings 💸

• Johnson & Johnson (JNJ)

  • EPS: $2.29 beats (exp. $2.28)

  • Revenue: $21.4b beats (exp. $21b)

• Lockheed Martin (LMT)

  • EPS: $7.90 beats (exp. $7.29)

  • Revenue: $18.87b beats (exp. $17.9b)

• Proctor & Gamble (PG)

  • EPS: $1.84 beats (exp. $1.70)

  • Revenue: $21.4b misses (exp. $21.5b)

• General Electric (GE)

  • EPS: $1.03 beats (exp. $0.91)

  • Revenue: $18.5b beats (exp. $17.4b)

• Netflix (NFLX)

  • EPS: $2.11 misses (exp. $2.22)

  • Revenue: $8.83b beats (exp. $8.71)

• 3M (MMM)

  • EPS: $2.42 beats (exp. $2.31)

  • Revenue: $8b beats (exp. $7.7b)

SPX Heatmap 🔥 

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Recap Around the Street 🧠

Narrow market breadth projects narrow profit profile as exemplified by Mag7 - the perceived drivers and beneficiaries of AI hardware and services demand.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Will the market catch up to the dot plots or drag the dot plots down? Upcoming inflation readings, notable core PCE, should tell whether Fed has enough runway to be preemptive on early rate cuts.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Market Preview 🎞️

• Tuesday, January 23rd: New Hampshire first in-nation presidential primary

• Wednesday, January 24th: MBA mortgage applications; US S&P Global services & manufacturing PMI’s

• Wednesday earnings: Tesla (TSLA), AT&T (T), International Business Systems (IBM), and ServiceNow (NOW)

• Thursday, January 25th: Weekly jobless claims; Q4 first GDP reading; New home sales; durable goods

• Thursday earnings: American Airlines (AAL), Blackstone Group (BX), Visa (V), Intel (INTC)and SouthWest Airlines (LUV)

• Friday, January 26th: Personal income and spending data (PCE)

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

Enjoy reading?👇

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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