The "Magnificent 7" are set to dominate earnings focus in the coming week, as four of these tech giants are due to report, though there are still a number of other big names releasing results.
Tesla (TSLA), Meta (META), Microsoft (MSFT) and Apple (AAPL) will be releasing results this week, attracting plenty of investor attention.
Markets will also be watching what US president Donald Trump has on the policy agenda for his second week back in office.
In terms of other earnings due out in the coming week, investors will be looking closely at the full-year results from ASML (ASML), as it manufactures lithography machines that are key to making chips and so is used to help gauge semiconductor demand.
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Chipmaker Intel (INTC) is due to report, as the company continues its search for a new CEO.
Following some positive news in the luxury sector, investors will be hoping LVMH (LVMUY)'s results can add to optimism.
Shell (SHEL)'s latest quarterly results come as oil prices come under renewed pressure from comments by Trump on lowering prices.
Merger rumours have been swirling around miner Glencore (GLEN.L), which is due to release its year-end production report in the coming week.
Here's more on what to look for:
Dutch company ASML is considered a bellweather for the global chip industry, so it's full-year results is likely to draw much market focus.
Investors were rattled in October when the company released its results a day early, which was attributed to a "technical error".
In addition, ASML cut its net sales forecast for 2025, which saw shares tumble.
Christophe Fouquet, CEO of ASML, said that the company expected total net sales of between €30bn (£25bn) and €35bn for 2025, "which is the lower half of the range that we provided at our 2022 Investor Day".
He said that the company expected its gross margin to come in between 51% and 53%, which was also below the range it provided in 2022. Fouquet said this was "mainly related to the delayed timing of EUV [extreme ultraviolet lithography] demand".
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As for its results in the third quarter, ASML delivered total net sales of €7.5bn, which was up on the previous quarter. For the full 2024 fiscal year, ASML said it expected total net sales of around €28bn.
Since October's results release, ASML (ASML) stock has struggled to regain ground, leaving it just less than 2% in the green over the past year.
Trump's approach to chip export policies is likely to be a key consideration for the company and the industry more broadly, given the Biden administration's efforts already to limit China's access to the technology.
Dutch prime minister Dick Schoof said in an interview with Bloomberg at the World Economic Forum in Davos that he expected Trump to keep pushing to restrict ASML's exports of machines to China.
“The Biden administration pushed very hard and I expect the Trump administration pushing the same way,” he said.
Chipmaker Intel (INTC) has suffered a series of struggles, which saw its shares sink last year and has left them down 55% on a one-year basis.
Back in August, Pat Gelsinger, who was ousted from his role as Intel CEO last month, announced "significant actions" to reduce costs. He said the firm planned to deliver $10bn (£8bn) in cost savings in 2025, which included reducing the company's head count by around 15,000 roles.
In the third quarter, Intel (INTC) beat expectations on revenue, which came in at $13.28bn, versus estimates of $13bn. However, the company posted a loss per share of $0.46, which was much worse than analyst expectations of $0.03.
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At the same time, positive fourth quarter guidance and a beat on data center revenue, lifted Intel's shares.
Intel (INTC) said it expects revenue to come in at between $13.3bn and $14.3bn for the fourth quarter, versus Wall Street estimates of $13.6bn.
Gelsinger then announced his exit in December and the company's board appointed two temporary co-CEOs.
The company's board has also brought on two semiconductor experts, former ASML CEO Eric Meurice and Microchip (MCHP) chairman Steve Sanghi.
Yahoo Finance reported that there were a number of candidates at the centre of conversations to take on the role, though insiders said there were no clear frontrunners yet.
Meanwhile, SemiAccurate recently reported that a mystery company is trying to acquire the company as a whole. A spokesperson for Intel declined to comment on the report.
NasdaqGS - Delayed Quote • USD Luxury stocks rallied on the back of Cartier-owner Richemont's (CFR.SW) latest trading update, which reported a surge in sales in the third quarter.
This sparked hopes of a turnaround for the luxury sector, which has been out of fashion with investor for some time. Companies have struggled as rising cost pressures on consumers forced them to rein in spending and brands have been particularly impacted by the economic slowdown in China.
However, Richemont's trading update lifted investor spirits and the share prices of Paris listed companies LVMH, Kering (KER.PA) and Hermès (RMS.PA), as well as iconic British brand Burberry (BRBY.L) and Hong Kong-listed Italian company Prada (1913.HK).
Burberry's third quarter update, released on Friday, added to optimism, after it reported better-than-expected festive sales.
This drove Burberry shares to surge nearly 13% on Friday morning, while Kering gained nearly 9% and LVMH was up 3%.
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Attention will now turn to LVMH's full-year results on Tuesday 28 January, with hopes that it will have seen some improvement since its third quarter results.
LVMH reported a 3% drop in revenue in the third quarter to €19.08bn, dragging shares lower.
"It’s been a tough period for luxury powerhouse, LVMH, with sales coming under pressure and missing market forecasts by a wide margin last quarter," said Aarin Chiekrie, equity analyst at Hargreaves Lansdown (HL.L).
"Price hikes in the Fashion and Leather goods division weren’t enough to offset falling volumes, and Wines & Spirits continued to struggle against a backdrop of weak Chinese demand."
However, Chiekrie said that the recent excitement around Richemonth had buoyed stocks in the stock, "helping LVMH regain its spot as Europe’s most valuable company."
"But whether LVMH can retain this crown will depend somewhat on its ability to meet market expectations, which are looking for full-year revenue to fall by no more than 2.2% to €84.3bn from next week’s results, before returning to growth the following year."
Oil prices remain under pressure, with existing concerns about reduced demand, while comments from newly reinstated US president Trump have dragged on the commodity.
In a speech made remotely to the World Economic Forum at Davos, Trump said that he would ask the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, to bring down the price of oil.
"I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil. You've got to bring it down," he said.
This prompted oil prices to slide, with brent crude (BZ=F) dipping back below $78 a barrel.
Derren Nathan, head of equity research at Hargreaves Lansdown, said brent crude "obediently followed president Trump’s calls for lower oil prices".
"However, there are signs of industry resistance building to his mandate to 'drill baby drill'," he said.
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"Such a move could undermine profitability for the industry and Rystad Energy and Wood Mackenzie are now forecasting that total US oil output in Trump’s second term will rise by less than 1.3 million barrels a day. For now, a ninth consecutive fall in US inventories suggests that supply remains tight meaning that further dips in the price can’t be assured."
Oil major Shell attributed its dip in earnings in the third quarter to lower refining margins, lower realised oil prices and higher operating expenses.
Shell reported that adjusted earnings fell by 4% on the second quarter from nearly $6.3bn, though this was strongly ahead of expectations.
Commenting separately, Nathan said that Shell's recent trading statement "revealed that while most business units have been trading broadly in line with previous guidance, the production and liquification ranges for integrated gas has been lowered.
"These are set to come in below third quarter levels, reflecting planned maintenance at its processing facility in Qatar, as well as the timing of shipments from offshore gas fields," he said. "The weakness should be partially offset by an improved outlook for corporate costs."
Nathan added that investors will also be looking out for any comments on shareholder distributions, given Shell has announced buybacks of at least $3bn in each of the last 12 quarters.
Shares in miner Glencore recently ticked higher on reports that it had held early-stage talks with Rio Tinto (RIO.L) over a potential merger.
Reuters reported that that Glencore approached Rio Tinto late last year with a merger proposition but that discussions did not progress.
In addition, the report said that a Glencore spokesperson said the company was open to merger and acquisition transactions that create value for shareholders.
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Spokespeople for Glencore and Rio Tinto had not responded to Yahoo Finance UK's request for comment at the time of writing.
Glencore reported lower production for copper, cobalt, zinc, nickel and thermal coal in the first nine months of the year.
However, the miner said its outlook remained unchanged for 2024 overall for copper production, expecting between 950,000 and 1.01 million tonnes.
Glencore also said it continued to expect marketing adjusted earnings before interest and tax for the full-year to be in the range of $3bn to $3.5bn. Glencore CEO Gary Nagle highlighted that this was around the top end of its long-term guidance range of $2.2bn to $3.2bn per annum.
Following the release of Glencore's year-end production report next week, the company's preliminary annual results for 2024 are then due out on 19 February.
Monday 27 January
Dr Martens (DOCS.L)
Fanuc (6954.T)
Ryanair (RYA.IR)
AT&T (T)
Nucor (NUE)
Sofi Technologies (SOFI)
Sanmina (SANM)
Tuesday 28 January
Idox (IDOX.L)
AG Barr (BAG.L)
Harworth Group (HWG.L)
Pets at Home (PETS.L)
SSP Group (SSPG.L)
SThree (STEM.L)
SAP (SAP)
Atlas Copco (ATLPF)
Logitech (LOGI)
RTX (RTX)
Stryker (SYK)
Boeing (BA)
Lockheed Martin (LMT)
Chubb (CB)
Starbucks (SBUX)
Royal Caribbean Cruise (RCL)
General Motors Co (GM)
Kimberly Clark (KMB)
Archer Daniels Midland adm (ADM)
Packaging Corporation of America (PKG)
F5 Networks (FFIV)
Qorvo (QRVO)
Wednesday 29 January
AJ Bell (AJB.L)
Hardide (HDD.L)
Hargreaves Services (HSP.L)
WH Smith (SMWH.L)
Meta (META)
Microsoft (MSFT)
Tesla (TSLA)
Advantest (6857.T)
Tata Motors (TATAMOTORS.NS)
Volvo AB (VOLV-B.ST)
WH Smith (SMWH.L)
T-Mobile USA (TMUS)
IBM (IBM)
Qualcomm (QCOM)
Danaher (DHR)
LAM Research (LRCX)
General Dynamics (GD)
Norfolk Southern (NSC)
United Rentals (URI)
Hess (HESM)
Corning (OC)
Otis Worldwide (OTIS)
Rockwell (ROK)
Teradyne (TER)
Western Digital (WDC)
Skyworks (SWKS)
Thursday 30 January
3i Group (III.L)
Amazon (AMZN)
Apple (AAPL)
Baker Hughes (BKR)
BT Group (BT-A.L)
Caterpillar (CAT)
CVS Group (CVSG.L)
Mastercard (MA)
Sage Group (SGE.L)
St James's Place (STJ.L)
Visa (V)
Wizz Air Holdings (WIZZ.L)
Airtel Africa (AAF.L)
Rank (RNK.L)
Takeda Pharmaceuticals (4502.T)
Adani Ports (ADANIPORTS.NS)
Roche (ROG.SW)
Sanofi (SAN.PA)
ABB (ABBNY)
BBVA (BBVA)
Caixa Bank (CABK.MC)
Comcast (CMCSA)
UPS (UPS)
Altria (MO)
KLA-Tencor (KLAC)
Cigna (CI)
Ferrari (RACE)
Northrop Grumman (NOC)
Microchip (MCHP)
L3 Harris (LHX.MX)
Dow (DOW)
Friday 31 January
Chevron Corp (CVX)
Fujitsu 6702 (6702.T)
Komatsu (6301.T)
TDK (6762.T)
Mitsui OSK (5273.T)
Samsung Electronics (005930.KS)
Novartis (NOVN.SW)
ExxonMobil xom (XOM)
AbbVie (ABBV)
ConocoPhillips (COP)
AON (AON)
Phillips 66 (PSX)
LyondellBasell (LYB)
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