Next Week Preview (1/29~2/2)

Weekend News

Trump is expected to propose increasing defense spending to $716B in FY 2019 (beginning October 2018) in his budget request to be released next month. The proposed budget would be a 13% increase over 2017, when the U.S. spent $634B on defense, and a 7%-plus gain over the $668B in the 2018 budget, which still has not passed through Congress.

The Trump administration has signed a $24M contract with Boeing to replace two food chilling systems aboard Air Force One. No joking, $12M per refrigerator! They must be made in gold. BA declined to comment.

Following sexual misconduct allegations, Steve Wynn has resigned as finance chairman of the Republican National Committee (RNC). WYNN -10% last Friday.

On-demand music services like Apple, Amazon, Google, Pandora and Spotify will need to pay more to songwriters and publishers after a Copyright Royalty Board decision. The new ruling hikes rates to at least a 15.1% from a previous 10.5% over a five-year term from 2018-2022.

Based on talks with China's Internet watchdog, Weibo (WB) says it's going to suspend a number of services for the coming week. Beijing's cyberspace affairs office said on its WeChat account that it's urged Weibo to conduct an immediate self-check, Bloomberg notes. The regulator says Weibo (the most valuable asset at SINA) fails to filter illegal info posted by its users. Weibo will hold off on services including trending topics until Feb. 3.

Lowe's unveils new $5B stock buyback program, +15.6% YTD

Major Earnings Next Week

We will have the most important ERs in Tech next week, including GOOG, AAPL, AMZN, FB, MSFT, QCOM, BABA. We will also have ERs from the biggest oil companies.

Monday 1/29

  • pre-market: D, LMT, SOHU, STX
  • post-market: SANM

Tuesday 1/30

  • pre-market: GLW, MCD, PFE, ZBH
  • post-market: AMD, BXP, EA, ILMN

Wednesday 1/31

  • pre-market: BA, DHI, SIRI, SLAB
  • post-market: AGNC, EBAY, FB, MAA, MSFT, PYPL, QCOM, T, TSCO, X

Thursday 2/1

  • pre-market: AN, BABA, BSX, BX, COP, DWDP, MA, MO, RDS.A, RHHBY, UPS
  • post-market: AAPL, AMZN, ATHN, DATA, EMN, GOOG, GPRO, MAT, V

Friday 2/2

  • pre-market: AZN, CHTR, CVX, EL, MRK, WETF, WFT, XOM


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