Next Week (1/22~26) Preview

US Government shutdown enters 2nd day with little progress to end it. We may start to feel the pains in stock market next week if the shutdown continues.

While broader markets have shown modest weakness during shutdowns, with the S&P 500 falling an average of 0.6% over the period of closure, many corporate names can be affected by fallout.

For example, defense companies like Lockheed Martin (LMT), Boeing (BA) and Raytheon (RTN) are warning about contract costs and contingency plans amid uncertainty over the military budget.

Saudi Energy Minister urged global oil producing nations to extend their cooperation beyond 2018 at a compliance meeting between OPEC and non-OPEC members today. At the meantime, Turkish jets and ground forces pounded positions of a Syrian Kurdish force allied with the U.S. in the fight against Islamic State. This is not helping to ease the tension in Middle East. Crude price could hang around current level or even advance higher in near-term.

There will be tons of ERs next week: Casinos start with WYNN on Monday. Airlines start with UAL on Tuesday. Biotech starts with JNJ on Tuesday. Defense companies start from Wednesday morning.


Upcoming Earnings (complete list can be found on Earnings Calendar)

Monday

  • pre-Market:  HAL, UBS, WYNN
  • post-Market: KMB, NFLX, ZION

Tuesday

  • pre-Market:  JNJ, PG, VZ, EDU
  • post-Market: TXN, UAL, COF, CREE, NAVI

Wednesday

  • pre-Market:  ABT, CMCSA, GD, NVS, UTX, GE, BHGE, GWW, ITW, SWK, RCL, ROK
  • post-Market: DFS, F, ETH, FFIV, CCI, LVS, LRCX, XLNX, TER, URI, WHR

Thursday

  • pre-Market:  AAL, ALK, JBLU, LUV, CAT, BIIB, CELG, CL, CLF, FCX, MMM, NOC, RTN, SHW
  • post-Market: INTC, ISRG, KLAC, SBUX, WDC

Friday

  • pre-Market:  ABBV, HON, NEE

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