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Consumer Cyclicals
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Market Cap £186.8m
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Reuters Insider - Week ahead on Wall Street: Davos, earnings

Mon 20th January, 2020 7:30am
Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=0_fyzhdr9a&referenceId=tag:reuters.com,2020:newsml_OVBWKHBIJ_930&pageId=ReutersNews
Source: Reuters Insider

Description: Investors next week will get their cues from headlines from the
Davos economic summit and earnings from the likes of Netflix and Comcast. Fred
Katayama reports.
Short Link: https://tmsnrt.rs/2v07cW9

Video Transcript:

Next week, Wall Street’ eyes will be on the Swiss Alps. Beginning
Tuesday, 53 heads of state and dozens of trade and finance ministers make
pledges and pontificate at the World Economic Forum’s annual powwow in
Davos. US President Donald Trump will be there to deliver a speech just as his
impeachment embroils Capitol Hill. Also Tuesday, Netflix will likely to report
an increase in its quarterly revenue. Given the launch of competing streaming
services from Apple and Disney, investors want to hear details on its content
spending plans and new additions to its library. Two days later, expect
Comcast to report a rise in revenue stemming from an increase in Internet
customers. Earlier this week, its NBCUniversal unit announced pricing for its
new streaming service Peacock, ranging from free with ads for existing Comcast
customers to $10 a month. Wall Street expects higher profits from American
Airlines and United Airlines, but a drop from Southwest which has been hit
hard by the prolonged grounding of its Boeing 737 MAX jets. The markets will
be closed Monday for the Martin Luther King Holiday
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