Latest News / U.S. Financial Market Update: The Week Ahead
U.S. Financial Market Update: The Week Ahead
January 24, 2023
– 4Q22 EARNINGS – HEAVYWEIGHTS: Eighty-nine S&P 500 companies, or roughly 18% of its constituents, report quarterly results next week. This group punches above its weight from a market capitalization perspective, comprising almost 26% of the S&P 500’s market capitalization. Six of the firms, Microsoft (MSFT), Visa (V), Johnson & Johnson (JNJ), Tesla (TSLA), Mastercard (MA), and Chevron (CVX) account for about 11% of the benchmark’s weight.
– 4Q22 EARNINGS – THE “B” LIST: Key industries represented by the other 83 S&P 500 companies set to report results next week include: wireless communications (Verizon, AT&T), railroads (Union Pacific, Charleston Southern), industrial conglomerates (3M, General Electric), defense contractors (Northrop Grumman, Lockheed Martin, General Dynamics), semiconductors (Texas Instruments, Intel, Automatic Data Processing), consumer packaged goods (Colgate-Palmolive, Kimberly-Clark), consumer finance (American Express, Capital One Financial), and miners (Freeport McMoRan, Nucor).Read the full Financial Market Update here.
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