The last week of January should be a busy one for investors. In
addition to several earnings reports from a number of major
companies, investors will also get key economic data, including the
monthly nonfarm payroll report.
Industrial machine maker Caterpillar (NYSE:
) will report earnings Monday. Analysts expect the company to
report an earnings per share figure of $1.70 on revenue of $16.13
billion. Investors should look for Caterpillar's guidance on the
Chinese economy, as the company is often seen as a proxy for
China's continued industrialization.
Car maker Ford (NYSE:
) will report Tuesday. The consensus estimate calls for earnings of
$0.26 on revenue of $33.01 billion. Shares of Ford are up
significantly over the last three months, having rallied more than
Skyworks Solutions (NASDAQ:
), a handset chip supplier, reports Wednesday. Shares have been
volatile over the last few days, after Apple's (NASDAQ:
) earnings report may cast some doubt on the growth of the
Sterne Agee has a Buy rating on Skyworks and a $30 price target.
Vijay Rakesh, Sterne's Skyworks Solutions analyst, believes that
the company is poised to benefit from both the iPhone 5 and the
upcoming Samsung Galaxy S4.
"We believe SWKS is well positioned with the iPhone5 and a new
Galaxy S4 ramp in Feb-Mar which should drive a better than seasonal
MarQ," Rakesh writes.
) is also reporting Wednesday. Analysts are anticipating an
earnings per share figure of $0.15 on revenue of $1.52 billion.
Since the company's disappointing IPO, shares have climbed back,
and are up nearly 40 percent in the last three months.
Tom Forte, an analyst at Telsey Advisory Group, is bullish on
Facebook. He has no rating on the stock, but a $38 price
"We'll be looking for progress on mobile monetization," Forte
told Benzinga. "They've taken the percentage of ad revenue from
mobile up from 0 percent to 14 percent. We think by the fourth
quarter of 2013, it could be 25 percent."
Beyond earnings, the market will digest all sorts of economic
data points. Investors will get data on new home sales, durable
goods orders, consumer confidence, and GDP. Ultimately, it will all
lead up to Friday's nonfarm payroll report.
Economists are anticipating a gain of 160,000 jobs, along with
an unemployment rate of 7.8 percent -- unchanged from last
On the global front, the currency market remains volatile,
particularly the Japanese yen, which has depreciated significantly
against the dollar since mid-December.
Tommy Molloy, the Chief Analyst at FX Solutions thinks there
could be further yen weakness on the horizon.
"Right now, it seems that a few trends are emerging," Molloy
told Benzinga. "Expectations for USD/JPY are being revised upwards
toward 95..I've even heard some traders talking about the triple
Overall, the week is shaping up to be one of the busiest in
Earnings from: Caterpillar (NYSE:
), VMWare (NYSE:
), Illumina (NASDAQ:
) Durable Goods Orders (Expected 1.8% month-over-month), Pending
Home Sales (Expected 0.3%), Dallas Fed (Prior 6.8)
Earnings from: Eli Lilly (NYSE:
), AK Steel (NYSE:
), Nucor (NYSE:
), DR Horton (NYSE:
), Ford (NYSE:
) Consumer Confidence (Expected 64)
Earnings from: Fusion-IO (NYSE:
), Northrop Grumman (NYSE:
), Tetra Tech (NASDAQ:
), Skyworks Solutions (NASDAQ:
), QUALCOMM (NASDAQ:
), Facebook (NASDAQ:
) ADP Nonfarm Employment Change (Expected 163k), GDP (Expected 1.5%
Earnings from: AutoNation (NYSE:
), Mastercard (NYSE:
), Xcel Energy (NYSE:
), Sherwin-Williams (NYSE:
), PulteGroup (NYSE:
), Time Warner (NYSE:
), Under Armour (NYSE:
) Personal Income (Expected 0.8% Month-over-Month), Personal
Spending (Expected 0.3% Month-over-Month)
Earnings from: Legg Mason (NYSE:
), LyondellBasell (NYSE:
) Nonfarm Payrolls (Expected 155K), Unemployment Rate (Expected
7.8%), Michigan Consumer Sentiment (Expected 71.5), ISM
Manufacturing Index (Expected 50.5)
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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