Apple, Amazon earnings, jobs data and Fed decision top week ahead

Apple, Amazon, Microsoft, AMD, Exxon, Ford and GM all report this week

This will be a busy week for investors with a plethora of large-cap tech earnings and the Federal Reserve's meeting with a decision on interest rates due Wednesday. 

The stock market is coming off a solid week for investors with the Nasdaq Composite up 5.38% while the S&P 500 and Dow Jones Industrial Average climbed 3.87%, and 2.65% respectively. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 38778.1 +188.94 +0.49%
SP500 S&P 500 5473.23 +41.63 +0.77%
I:COMP NASDAQ COMPOSITE INDEX 17857.020241 +168.14 +0.95%

FOX Business breaks down this week's top market events.

fed board

Federal Reserve Board of Governors  (Al Drago/Bloomberg via / Getty Images)

FED'S BRAINARD EXPECTS INTEREST RATES TO REMAIN HIGH DESPITE RECENT INFLATION DECLINE

Monday, January 30

Microsoft is introducing a new lower-cost tier called Microsoft 365 Basic, the plan will cost $1.99 per month and include 100 GB of storage, Outlook email, and access to support experts.

Ticker Security Last Change Change %
MSFT MICROSOFT CORP. 448.37 +5.80 +1.31%

Investors are preparing for China and Hong Kong to lift more of their COVID-19 isolation and quarantine requirements. Similarly, in South Korea, the indoor mask mandate has now been made a recommendation, potentially leading to an increase in consumer activities. Investors will be hoping that these changes will have a positive impact on manufacturing and alleviate some of the supply chain issues.

CHINA SCRAPPING COVID POLICY WAS EXPECTED TO REVIVE GLOBAL LUXURY RETAIL, BUT MANY BUY LOCALLY INSTEAD

In earnings news, Franklin Resources and SoFi Technologies report before the market opens.

Ticker Security Last Change Change %
BEN FRANKLIN RESOURCES INC. 22.16 +0.33 +1.51%
SOFI SOFI TECHNOLOGIES 6.46 0.00 0.00%

After the bell investors will be paying close attention to Whirlpool, NXP Semiconductors, J&J Snack Foods and Helmerich & Payne.

Ticker Security Last Change Change %
WHR WHIRLPOOL CORP. 91.75 +0.95 +1.05%
NXPI NXP SEMICONDUCTORS NV 271.26 +2.41 +0.90%
JJSF J&J SNACK FOODS CORP. 167.22 +2.85 +1.73%
HP HELMERICH & PAYNE INC. 32.99 +0.27 +0.83%

Tuesday, January 31

On Tuesday the Federal Reserve's Federal Open Market Committee (FOMC) will kick off day one of its two-day meeting with a decision on interest rates announced Wednesday.

Earnings on Tuesday before the markets open will include Exxon Mobil, General Motors, McDonald's, UPS, Pfizer, Caterpillar, Philips 66, Marathon Petroleum, Moody's, Spotify Technology and Sysco.

Ticker Security Last Change Change %
XOM EXXON MOBIL CORP. 108.36 -0.75 -0.69%
GM GENERAL MOTORS CO. 47.40 +0.63 +1.35%
MCD MCDONALD'S CORP. 253.51 -0.07 -0.03%
UPS UNITED PARCEL SERVICE INC. 135.85 +0.20 +0.15%
PFE PFIZER INC. 26.98 -0.55 -2.00%
CAT CATERPILLAR INC. 322.40 +0.93 +0.29%
PH PARKER-HANNIFIN CORP. 506.03 +2.73 +0.54%
MPC MARATHON PETROLEUM CORP. 171.73 +1.66 +0.98%
MOODY n.a. n.a. n.a. n.a.
SPOT SPOTIFY TECHNOLOGY SA 311.22 -1.80 -0.58%
SYY SYSCO CORP. 72.94 +2.25 +3.18%

After the bell investors will be focused on Advanced Micro Devices, Amgen, Boston Properties, Chubb, Electronic Arts and Snap.

Ticker Security Last Change Change %
AMD ADVANCED MICRO DEVICES INC. 158.40 -1.23 -0.77%
AMGN AMGEN INC. 303.28 +4.66 +1.56%
CB CHUBB LTD. 260.72 +1.26 +0.49%
BXP BOSTON PROPERTIES INC. 61.41 -0.24 -0.39%
EA ELECTRONIC ARTS INC. 137.53 +1.55 +1.14%
SNAP SNAP INC. 15.84 +0.25 +1.60%

Economic date being released on Tuesday will include the Case-Shiller home price index, Chicago PMI and consumer confidence. 

Wednesday, February 1

On Wednesday at 2 p.m. the FOMC will announce the latest decision on rates. While most economists expect another rate hike, this one may be a smaller 0.25 basis points. The Federal Reserve has been implementing tighter monetary policy measures to address the inflation concerns and avoid what Larry Summers calls a 1970s-style stagflation crisis. 

Larry Summers

Former Treasury Secretary and White House economic adviser Larry Summers (Robin Marchant/Getty Images / Getty Images)

Also on Wednesday an OPEC+ panel is expected to endorse the current oil output policy. No change is expected as concerns over the economic outlook are balanced by hopes for an increase in demand from China. 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 77.79 +1.71 +2.25%
BNO UNITED STS BRENT OIL FD LP UNIT 31.60 +0.65 +2.10%

Effective Wednesday, former President Ryan McInerney will take over as Visa's new CEO, from Alfred Kelly, who will become executive chairman of the board.

Ticker Security Last Change Change %
V VISA INC. 271.17 +0.51 +0.19%

Meanwhile, Pietro Beccari will become chairman and CEO of Louis Vuitton, succeeding Michael Burke, who will take on new responsibilities reporting directly to Bernard Arnault, the chairman and CEO of LVMH, while Delphine Arnault, executive vice president of Louis Vuitton since 2013, will become chairman and CEO of Christian Dior Couture.

A model walks the runway during the Louis Vuitton Menswear Fall show as part of Paris Fashion Week on Jan. 20, 2021. (Dominique Charriau/WireImage for ABA/Getty Images)

Before the markets open investors will be eagerly attending the earnings calls for T-Mobile US, Altria Group, Waste Management, Scotts Miracle-Gro and Peloton Interactive.

Ticker Security Last Change Change %
TMUS T-MOBILE US INC. 177.38 +1.39 +0.79%
MO ALTRIA GROUP INC. 44.70 +0.38 +0.86%
WM WASTE MANAGEMENT INC. 206.38 +2.74 +1.35%
SMG SCOTTS MIRACLE-GRO CO. 64.41 -1.97 -2.97%
PTON PELOTON INTERACTIVE INC. 3.95 +0.14 +3.67%

After the bell investors will listen into Allstate's, MetLife's, Aflac's, Allegiant Travel's, and Meta Platforms' earnings calls.

Ticker Security Last Change Change %
ALL THE ALLSTATE CORP. 158.74 +1.67 +1.06%
MET METLIFE INC. 69.38 +0.83 +1.21%
AFL AFLAC INC. 87.96 +0.92 +1.06%
META META PLATFORMS INC. 506.63 +2.47 +0.49%

Economic data for Wednesday will include mortgage applications, ADP national employment, S&P Global manufacturing PMI final, vehicle sales, construction spending, ISM manufacturing PMI, JOLTS job openings, and EIA weekly crude stocks.

Thursday, February 2

The Bank of England is set to make its interest rate decision on Thursday.

Investors will have a business day of earnings calls, starting off before markets open with ConocoPhillips, Eli Lilly, Honeywell International, Merck, Estée Lauder, Harley-Davidson, Hershey, Sirius XM Holdings, Stanley Black & Decker, Ferrari, World Wrestling Entertainment, 1-800-Flowers.com, Hanesbrands and Lazard.

Ticker Security Last Change Change %
COP CONOCOPHILLIPS 109.54 +0.15 +0.14%
LLY ELI LILLY & CO. 885.01 +6.56 +0.75%
HON HONEYWELL INTERNATIONAL INC. 211.95 +3.42 +1.64%
MRK MERCK & CO. INC. 127.50 -1.21 -0.94%
EL THE ESTÉE LAUDER COMPANIES INC. 114.88 +0.98 +0.86%
HOG HARLEY-DAVIDSON INC. 33.55 +1.03 +3.18%
HSY THE HERSHEY CO. 183.05 -3.93 -2.10%
SIRI SIRIUS XM HOLDINGS INC. 2.65 +0.04 +1.53%
SWK STANLEY BLACK & DECKER INC. 84.36 +0.81 +0.97%
RACE FERRARI NV 416.06 +6.08 +1.48%
WWE n.a. n.a. n.a. n.a.
FLWS 1 800 FLOWERS COM 9.49 +0.09 +0.96%
HBI HANESBRANDS INC. 5.03 +0.04 +0.80%
LAZ LAZARD 36.90 +0.25 +0.68%

After the bell some major tech stocks as well as some others will chime in, including Apple, Amazon, Alphabet, Starbucks, Ford, Qualcomm, Microchip Technology, Columbia Sportswear Company, GoPro, Skechers U.S.A., Clorox and US Steel.

Ticker Security Last Change Change %
AAPL APPLE INC. 216.67 +4.18 +1.97%
AMZN AMAZON.COM INC. 184.06 +0.40 +0.22%
GOOGL ALPHABET INC. 177.24 +0.45 +0.25%
SBUX STARBUCKS CORP. 81.33 +1.68 +2.11%
F FORD MOTOR CO. 11.85 +0.14 +1.20%
QCOM QUALCOMM INC. 222.22 +6.89 +3.20%
MCHP MICROCHIP TECHNOLOGY INC. 91.02 -0.33 -0.36%
COLM COLUMBIA SPORTSWEAR 81.98 +1.36 +1.69%
GPRO GOPRO INC. 1.37 0.00 0.00%
SKX SKECHERS U.S.A. INC. 72.84 +0.67 +0.93%
CLX THE CLOROX CO. 137.96 +4.26 +3.19%
X UNITED STATES STEEL CORP. 36.87 +0.41 +1.12%

Economic data being reported on Thursday will include Challenger layoffs, initial jobless claims, productivity (preliminary), durable goods and factory orders.

Friday, February 3

Earnings on Friday to close out the week will include Cigna, Regeneron Pharmaceuticals and Zimmer Biomet before markets open.

Ticker Security Last Change Change %
CI THE CIGNA GROUP 333.90 +0.61 +0.18%
REGN REGENERON PHARMACEUTICALS INC. 1,045.37 +8.85 +0.85%
ZBH ZIMMER BIOMET HOLDINGS INC. 107.03 -0.16 -0.15%
LYB LYONDELLBASELL INDUSTRIES NV 93.95 +0.41 +0.44%

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Job Growth Est. 185,000, +3.6% unemployment rate

Economic data on Friday will include the jobs report for January, which is expected to show a slight uptick in the jobless rate to 3.5% from 3.6%, while employers likely added 185,000 workers, down from 223,000 in December. Slowing job growth could signal the Fed's efforts are taking hold. 

Additionally, S&P Global services PMI flash, ISM non-manufacturing, and PMI will be released.