Week Ahead for US Market: Earnings Season Focus; Key Names include United Airlines, Netflix, Tesla, Intel and AMEX

January 22, 2024

As we approach the first earnings season of 2024, the upcoming week promises to be a critical period for the US stock market, featuring a wide array of industry leaders from various sectors.

Investors and analysts alike are gearing up for a week filled with significant quarterly reports, giving insights into the health and direction of major corporations.

Leading the charge is United Airlines Holdings Inc (NASDAQ: UAL), expected to release its earnings report after the market closes on Monday.

The focus will be on its financial performance, including consensus EPS and revenue estimates. The airline has been recognized for its strategic agility and resilience, making its report a potential market mover.

Another key player, Netflix Inc (NASDAQ: NFLX), is scheduled to announce its Q4 results on Tuesday.

The streaming giant has seen a notable stock rise over the past year, and analysts are divided on its future growth trajectory and market valuation.

Its earnings release will shed light on the success of its recent strategy shifts, including password-sharing rules.

Midweek brings the highly anticipated report from Tesla Inc (NASDAQ: TSLA), with analysts expecting a year-over-year decline in EPS due to the impact of a pricing war.

Tesla’s performance is a significant indicator of the electric vehicle market’s health and the company’s competitive positioning.

Intel Corporation (NASDAQ: INTC) is another major name set to unveil its Q4 results on Thursday.

The tech giant’s financials and future growth prospects, particularly in the AI market, are a focus for analysts, who remain cautious despite the stock’s growth over the past year.

Wrapping up the week, American Express Company (NYSE: AXP) will report its Q4 results on Friday.

The financial services provider’s credit card delinquency and net write-off rates will be closely watched, providing insights into consumer credit trends.

Other notable companies reporting during the week include American Airlines Group Inc (NASDAQ: AAL), Blackstone Inc (NYSE: BX), Visa Inc (NYSE: V), and several more across sectors like healthcare, telecommunications, and energy.

Pivotal week as earnings provide insights on growth resilience

This week is pivotal not just for the companies reporting but also for investors and the market at large. These earnings reports will offer a comprehensive view of the corporate landscape, highlighting trends, challenges, and growth opportunities across various industries.

As each report rolls in, market watchers will be keen to gauge the economic environment and individual company strategies, setting the tone for market expectations in the coming months.

Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of any companies mentioned.

Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of any companies mentioned.

This material is categorised as non-independent for the purposes of CGS-CIMB Securities (Singapore) Pte. Ltd. and its affiliates (collectively “CGS-CIMB”) and therefore does not provide an impartial or objective assessment of the subject matter and does not constitute independent research. Consequently, this material has not been prepared in accordance with legal requirements designed to promote the independence of research. Therefore, this material is considered a marketing communication. This material is general in nature and has been prepared for information purposes only. It is intended for circulation amongst CGS-CIMB’s clients generally and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this material. The information and opinions in this material are not and should not be construed or considered as an offer, recommendation or solicitation to buy or sell the subject securities, derivative contracts, related investments or other financial instruments or any derivative instrument, or any rights pertaining thereto. CGS-CIMB have not, and will not accept any obligation to check or ensure the adequacy, accuracy, completeness, reliability or fairness of any information and opinion contained in this material. CGS-CIMB shall not be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) of any reliance thereon or usage thereof.

Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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