While much of the market focus will be on US president-elect Donald Trump's return to the White House in the coming week, there are still a number of companies reporting as earnings season gets into full swing.
Investors will be watching to see which policies Trump gets to work on once he returns to office, with concerns around the impact of proposed trade tariffs and tax cuts.
While this will draw much of the market focus, the latest earnings season is also ramping up.
Streaming giant Netflix, which recently released the second series of the highly popular Squid Game series, is scheduled to report.
United Airlines latest results are also due out this next week, with investors waiting to see if the US carrier can deliver another earnings beat.
Iconic British fashion brand Burberry will also in the spotlight, as investors await an update as to how the company is progressing on its turnaround plan.
Another UK-listed stock in focus will be airline EasyJet, as it is expected to update on how it has fared since the start of its new fiscal year.
Investors will also want to see what Tim Martin, the outspoken boss of Wetherspoon's pub chain, has to say on how the company is coping with rising costs on the back of the autumn budget, as a number of UK businesses warn of their impact.
Netflix will report results after the bell on 21 January, with all eyes on how its 2025 forecast is playing out.
The streaming giant is expected to report earnings per share of $4.21 on $10.1bn (£8.29bn) in sales, a 15% increase year-on-year, according to analysts.
Following its last earnings call the company released a letter to shareholders laying out key titles such as Squid Game S2, the boxing match between YouTuber Jake Paul and Mike Tyson and its lineup of two NFL games broadcast live on Christmas Day, at which Beyonce performed.
"As we look ahead to 2025, we’re focused on improving every aspect of our service and continuing to deliver healthy revenue and profit growth," the letter said.
Traders will be eyeing whether or not the share price is set to make a comeback, following a weak start to 2025.
"The shares have been weak in the past month, hampered as much by rising US Treasury yields and the weight of expectations as anything else, given the stock trades on around 35 times consensus earnings estimates for 2025," said analysts at AJ Bell.
"Cashflow continues to blossom, with the result that net debt (before leases and content purchase obligations) of $8.5bn permits Netflix to invest in ongoing content and technological development, to cement its competitive position and fund share buybacks," they added.
Netflix bought back $1.7bn of stock in the first quarter, to take the total in 2024 to $5.3bn with the final quarter to come, compared to 2023’s total of $6bn.
NasdaqGS - Nasdaq Real Time Price • USD As of 3:42:17 PM EST. Market Open.
US airline stocks took off after United Airlines posted a third quarter earnings beat in October.
United posted adjusted earnings of $3.33 per share, which bested the Bloomberg consensus estimate of $3.07 per share. Operating revenue of $14.84bn also topped Wall Street estimates of $14.72bn.
In addition, investors cheered the company's announcement that it was buying back $1.5bn worth of shares.
Speaking to Yahoo Finance at the time, Third Bridge global head of analysts Peter McNally said: "People want to travel and United has executed. They haven't faced the operational problems, let's say like, Delta (DAL) did [in the] summer with the CrowdStrike (CRWD) outage. And... so the results are there."
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He also said that loyalty programmes were enabling "United, Delta, and American (AAL) to be a lot more competitive with the low cost carriers that we haven't seen really in history before."
In addition, McNally said that he didn't expect United to be largely impacted by the aircraft maker Boeing's (BA) struggles, with labour and production delays. He said that the airline already possesses a large-scale fleet in operations and its capex has breathing room for not being over-reliant on Boeing to deliver anything.
Attention now turns to the carrier's fourth quarter earnings, which are due out on Wednesday, with investors hoping that United can deliver another strong set of results.
NasdaqGS - Nasdaq Real Time Price • USD As of 3:42:38 PM EST. Market Open.
British fashion brand Burberry was one of the luxury brands that saw shares soar following the release of Cartier-owner Richemont's (CFR.SW) latest results.
Burberry shares jumped 8% after Richemont reported a surge in sales in the third quarter, prompting hopes of a turnaround for the luxury sector.
Luxury stocks have struggled in recent years, as the rising cost of living forced consumers to rein in spending, while the economic slowdown in China has also weighed on the sector.
Burberry has been particularly impacted by the slowdown in demand for luxury goods. In its first half results in November, Burberry posted a 22% fall in sales to £1.09bn and reported a adjusted operating lost of £41m.
However, the company also unveiled a turnaround plan in November, with recently appointed CEO Joshua Shulman saying that said the company was "acting with urgency to course correct" following underperformance.
Read more: Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround
In terms of its outlook for the rest of the year, Burberry said that with its "all-important festive trading period ahead and an uncertain macroeconomic environment, it is too early to determine whether our second-half results will fully offset the first-half adjusted operating loss."
AJ Bell's investment experts Russ Mould, Danni Hewson and Dan Coatsworth said they expect total sales to fall by 19.5% to £2.4bn for the full year.
"Whether Mr Schulman, formerly of Coach, Jimmy Choo and Michael Kors, is able to offer any comfort here will again be a key feature of this trading update," they said.
They said that analysts will also want to keep a close eye on any commentary about inventory, highlighting that the balance sheet bore £596m of stock at the end of September 2024, up from £526 million the year before and £507m at year-end.
"That meant a sharp jump in inventory days," they said. "A bad Christmas would raise the risk of further discounting to shift unsold product which would in turn put further pressure on margins and elongate the recovery period to profitability and any return to the dividend list."
Low-cost airline EasyJet had a strong end to its 2024 fiscal year, reporting a 34% increase in annual headline profit before tax at £610m ($743m), in results released in November.
The low-cost carrier also posted record profit before tax for its EasyJet holidays business, up 56% year-on-year, to £190m.
As a result, EasyJet said it was hiking its dividend to 12.1p per share for the year, which is more than double the 4.5p it paid out for the 2023 fiscal year.
Looking ahead to 2025, based on early bookings data, the company said it expected to reduce winter losses with significant improvement in the first quarter.
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The airline anticipated capacity growth of around 3% in 2025 and planned to grow the amount of customers in its EasyJet holidays business by around 25%, from a base of 2.6 million.
Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said: "Short-haul capacity across Europe remains limited and markets expect to hear that lower fuel costs are boosting margins in the early months of the year.
"Further out, capacity is set to continue growing this year as the group aims to cash in on strong demand from sun-seekers.
"Analysts are also keen to see if the package holiday segment can maintain its high double-digit growth rate when first-quarter results are announced next week."
EasyJet's first quarter results, due out on Wednesday, come after Kenton Jarvis took over from Johan Lundgren as CEO on 1 January.
"Change always brings some level of uncertainty, but with former CFO Kenton Jarvis stepping into the CEO cockpit, any turbulence in the transition is likely to be minimal," said Chiekrie.
The latest trading update from JD Wetherspoon comes as a number of UK businesses have warned of the impacts of higher costs following the autumn budget, in which chancellor Rachel Reeves announced a rise in the national minimum wage and employer national insurance (NI) contributions.
JD Wetherspoon chairman Tim Martin said in the pub operator's first quarter trading update in November that cost inflation "now jumped substantially again following the budget".
"All hospitality businesses, we believe, plan to increase prices, as a result," he said. "Wetherspoon will, as always, make every attempt to stay as competitive as possible."
"The company is confident of a reasonable outcome for the year, although forecasting is more difficult given the extent of the increased costs," Martin added.
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The company warned taxes and business costs were expected to increase by around £60m on an annual basis in 2025, which included a 67% increase in NI contributions.
In the first quarter, JD Wetherspoon reported nearly 6% growth in like-for-like sales.
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: "JD Wetherspoon rang up record revenues last year, despite a reduction in the number of pubs, with average takings rising across the pub network.
"Investors will be keen to see signs that momentum continued through the crucial festive period," she said. "With real wages on the up, the outlook for the eating out market has seemed relatively robust."
Streeter said that after a "period of reducing the estate by selling underperforming venues, the group has begun opening new pubs again focused on locations in areas of high footfall. There will be keen interest to see how well the new sites have been performing, and any signs that the expansion plans are accelerating."
Tuesday 21 January
Kier (KIE.L)
Cranswick (CWK.L)
Premier Foods (PFD.L)
Serica Energy (SQZ.L)
Yü Group (YU.L)
3M (MMM)
Capital One (COF)
DR Horton (DHI)
Fifth Third Bancorp (FITB)
Seagate (STX)
Wednesday 22 January
Hochschild Mining (HOC.L)
Kia (000270.KS)
Procter & Gamble (PG)
Johnson & Johnson (JNJ)
Abbott Labs (ABT)
GE Vernova (GEV)
General Dynamics (GD)
Amphenol (APH)
Kinder Morgan (KMI)
Travelers (TRV)
United Rentals (URI)
Kimberly-Clark (KMB)
Las Vegas Sands (LVS)
Halliburton (HAL)
Teradyne (TER)
Textron (TXT)
Alcoa (AA)
Thursday 23 January
Associated British Foods (ABF.L)
Harbour Energy (HBR.L)
Mitie (MTO.L)
SK Hynix (000660.KS)
Hyundai Motor (005380.KS)
Nidec (6594.T)
EQT (EQT)
Sandvik (SAND.ST)
Intuitive Surgery (ISRG)
GE Aerospace (GE)
Texas Instruments (TXN)
Union Pacific (UNP)
CSX (CSX)
Freeport-McMoRan (FCX)
Western Digital (WDC)
McCormick (MKC)
Friday 24 January
The Works (WRKS.L)
Paragon Banking (PAG.L)
LG Electronics (066570.KS)
Givaudan (GVDNY)
LM Ericsson (ERIC-B.ST)
Signify (LIGHT.AS)
American Express (AXP)
Verizon (VZ)
HCA Healthcare (HCA)
You can read Yahoo Finance's full calendar here.
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