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

Tesla, Procter & Gamble, IBM Earnings: 3 Things to Watch

Published 10/18/2022, 03:42 PM
Updated 10/18/2022, 03:45 PM
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- Stocks were trying to hold onto Tuesday’s gains in late afternoon trading as a smattering of earnings reports cast a positive mood in the markets.

Worries about a recession continue to persist as the Federal Reserve heads straight toward what is widely expected to be a fourth-straight interest rate hike of a 0.75 percentage point. The Fed is determined to tame inflation even if that means inflicting some pain, something that has encouraged investors to steer away from riskier assets in recent weeks.

Earnings continue this week, with reports from airlines, consumer product companies, tech companies and more. About 60 S&P 500 companies are reporting their latest numbers this week.

In addition, there will be data that could show how the housing market is holding up with mortgage rates climbing and interested buyers remaining on the sidelines. The Fed’s Beige Book later on Wednesday will give investors a glimpse of business and economic conditions from various parts of the U.S.

Here are three things that could affect markets tomorrow:

1. Tesla earnings

Tesla Inc (NASDAQ:TSLA), the electric vehicle company owned by billionaire Elon Musk, is expected to report earnings of $1.03 a share on revenue of $22.5 billion.

2. Procter & Gamble earnings

Household product giant Procter & Gamble Company (NYSE:PG) is expected to report earnings of $1.56 a share on revenue of $20.4 billion.

3. IBM earnings

Tech giant International Business Machines (NYSE:IBM) is expected to report earnings of $1.79 a share on revenue of $13.5 billion.

Latest comments

Last green earnings report for most S&p500 equities
oji
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.