Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Procter & Gamble, Netflix, jobless claims: 3 things to watch

Published 01/18/2023, 04:07 PM
Updated 01/18/2023, 04:16 PM
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- Stocks accelerated their losses at the end of trading but are still up for the month of January after an early rally that has tech stocks outperforming.

Whether investors can keep the momentum going is up for debate. Wednesday's 600-point drop in the Dow came after data that showed the economy cooling. Investors have pushed stocks higher recently on the hope that the Federal Reserve won't have to be as aggressive with interest rates as it was last year.

The Fed's beige book published today says there is little expectation of economic growth in the coming months, though prices are expected to moderate further.

Analysts are expecting the Fed to raise interest rates another quarter of a percentage point in February, but that would be a smaller increment than its previous rate decisions.

Investors will be listening closely to what Fed officials say in the coming days about the direction of the economy leading into the start of the Fed meeting at the end of this month. 

Here are three things that could affect markets tomorrow:

1. Procter & Gamble

Consumer product giant Procter & Gamble Company (NYSE:PG) is seen reporting earnings per share of $1.58 on revenue of $20.67 billion, and investors will be listening to what it says about pricing power and consumer demand.

2. Netflix earnings

Streaming giant Netflix Inc (NASDAQ:NFLX) is expected to report earnings of 59 cents on revenue of $7.84B, but analysts will want to hear about its subscription adds and its newest experiment with ad-supported streaming.

3. Jobless claims

The latest reading on jobless claims for the prior week is due out at 8:30 ET (13:30 GMT). Analysts expect 214,000 initial claims, up slightly from the 205,000 the previous week.

Latest comments

nice
Hi
looking at that shelf of laundry detergent would be a good gauge of the economy. volume sold equals inflation and people out of work or the opposite, people employed and busy purchasing more.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.