What to Watch in the Day Ahead - Tuesday, January 23

3M Co

22/01/2024 19:29

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Johnson & Johnson will report its fourth-quarter results before markets open. Investors will
look for any updates to the company's 2024 forecast, the performance of its key cancer
treatments such as Darzalex, Carvykti and Erleada, and comments on post-COVID demand for
non-urgent surgeries.

Procter & Gamble is expected to post a rise in second-quarter revenue, powered by higher prices
and resilient demand for its products like Tide detergent and Pantene shampoo. Investors will
look for the company's comments on further price increases, easing cost pressures, a hit to
demand due to higher prices and recovery in China.

Netflix is expected to report an 11% rise - its best in two years - in revenue and about 9
million net subscriber additions for the Oct-Dec period. Investors will look for comments on
demand for streaming services as high inflation persists and resumption of content production
after the Hollywood strikes.

Verizon is scheduled to report a rise in wireless subscriber additions when it reports its
fourth-quarter results, driven by recent price hikes and promotions during the holiday quarter.
Investors will be on the lookout for commentary on 2024 free cash flow and EBITDA guidance.

Texas Instruments is expected to report fourth-quarter results, where investors will focus on
indicators of demand from the automotive and industrial markets.

GE will report fourth-quarter results, capping off a year that saw it gain from an aviation
boom. Investors will be looking for comments on the outlook, inflation, the progress in
completing its spin-off into three companies and comments on the recent MAX 9 crisis.

Lockheed Martin is expected to report a fall in fourth-quarter revenue on headwinds in its
sought-after F-35 fighter jets program under its aeronautics segment.
    
United Airlines is expected to report a fall in fourth-quarter profit due to higher labor and
aircraft maintenance costs. Investors will seek comments on travel demand and the company's
Israel operations. 
RTX is expected to report a rise in fourth-quarter revenue, helped by robust commercial
aftermarket business and defence equipment demand. 

3M is expected to report a rise in fourth-quarter profit on lower revenue, helped by price hikes
and cost-cut measures. Investors will be looking for commentary on demand amid sticky inflation.

Halliburton reports its fourth-quarter and full-year results for 2023, where investors will
focus on how the company performed in the overseas market compared to the North American space,
along with how dividends and other investments would fare in 2024.

Asset manager Invesco is expected to post a rise in fourth-quarter profit, banking on an
increase in its investment management fees.

U.S. homebuilder D.R. Horton is expected to beat profit estimates in the first quarter as the
historically tight housing supply in the country lifts home sales.

Argentina's statistics agency is expected to report the country's economic activity likely
dropped 0.5% in November from a year earlier. 



 (Compiled by Nidhi C Sai in Bengaluru; Editing by Tasim Zahid)
 ((Nidhi.CSai@thomsonreuters.com;))