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Alphabet, Coca-Cola, UPS Earnings: 3 Things to Watch

Stock Markets Oct 24, 2022 04:00PM ET
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By Liz Moyer

Investing.com -- Stocks bounced on Monday, adding to last week's gains as investors prepared for a wave of big tech earnings.

Investors have been encouraged to reenter riskier trades such as growth stocks after indications that at least some Federal Reserve officials see slowing the pace of interest rate increases after the November meeting, worried about acting too aggressively. The Fed has dramatically raised its benchmark rate since the spring and is seen raising it again a 0.75 percentage point next week and then perhaps stepping back to lower rate increases from December forward.

Slowing global growth has weighed on everything from stocks to oil prices. China stocks tumbled on Monday after Xi Jinping secured his power for a third term, pressuring a number of American companies that have operations there.

Investors will be taking in earnings reports and outlooks from Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and other big tech companies starting tomorrow. Later this week comes data on consumer confidence and inflation data that is closely watched by the Fed as it heads into its two-day policy meeting that starts next Tuesday.

Here are three things that could affect markets tomorrow:

1. Alphabet earnings

Google parent Alphabet Inc (NASDAQ:GOOG) is seen reporting earnings of $1.28 a share on $71.3 billion in revenue, and analysts will be listening to what it says about digital advertising after Snap (NYSE:SNAP) forecast a weak fourth quarter.

2. Coca-Cola earnings

Beverage giant Coca-Cola Co (NYSE:KO) is expected to report earnings per share of 64 cents on revenue of $10.5 billion, but analysts will be listening to what it says about costs, margins and consumer preferences.

3. UPS earnings

Logistics giant United Parcel Service Inc (NYSE:UPS) is expected to report earnings of $2.86 a share on revenue of $24.4 billion. Analysts will be listening for what it says about shipping volumes and holiday pricing.

Alphabet, Coca-Cola, UPS Earnings: 3 Things to Watch
 

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