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Meta Platforms, Boeing, Thermo Fisher Scientific: 3 things to watch By
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Introduction-- Stocks fell on Tuesday, weighed down by new worries about the banking sector as First Republic ca ...
-- Stocks fell on Forex Group Official WebsiteTuesday, weighed down by new worries about the banking sector as First Republic came under pressure.
(NYSE:) said first quarter deposits fell by $100 billion, as people moved money out of the bank during the turmoil in March.
Overall, earnings are mixed, with companies beating expectations and raising their outlooks or falling short of forecasts. Service (NYSE:) was a case in point. The logistics giant expectations and said volumes could continue to show weakness.
Companies are grappling with inflation that is pinching margins and consumers who have grown wary of price increases and are shifting habits. Some have been able to beat expectations despite raising prices for their products, including McDonald’s Corporation (NYSE:).
The Federal Reserve is closely watching corporate earnings reports and fresh data on economic output and inflation this week as it heads into its next policy meeting on interest rates next week. Futures traders largely it will raise interest rates again by a quarter of a percentage point and then pause after that as it assesses the impact of its multiple rate hikes thus far.
Here are three things that could affect markets tomorrow:
1. Meta Platforms
Meta Platforms Inc (NASDAQ:), the parent of Facebook and Instagram, is expected to report earnings per share of $2.02 on revenue of $27.6B, and provide an update on its cost containment efforts.
2. Boeing earnings
Plane maker (NYSE:) is expected to report a per-share loss of $1.04 on revenue of $17.53B, and analysts will be listening for updates on orders and deliveries.
3. Thermo Fisher Scientific
Thermo Fisher Scientific Inc (NYSE:) is expected to report earnings per share of $5.03 on revenue of $10.65B.
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