After a successful 10th winning week for the S&P 500 out of the last 11, stock futures opened lower on Tuesday as Wall Street gears up for a shorter trading week.
Key Earnings Reports to Watch
Several major companies are expected to release their fourth-quarter earnings reports today, attracting the attention of analysts and investors alike. Here's a breakdown of some key players:
Morgan Stanley (Ticker: MS)
- Analysts predict earnings of $1.07 per share, a slight dip from $1.31 in the previous year.
- This report marks the first under the leadership of Ted Pick, the new CEO of the Wall Street bank.
- Current stock performance: down 0.2%.
Goldman Sachs (Ticker: GS)
- Analysts anticipate earnings of $3.62 per share, an increase from $3.32 in the previous year.
- Investors will closely monitor results from Goldman's core segments as it shifts its focus away from the retail business.
- Current stock performance: down 0.4%.
Other Notable Earnings Reports
- PNC Financial Services
- Interactive Brokers
- Progress Software
Keep an eye out later this week for earnings reports from Charles Schwab, U.S. Bancorp, Discover Financial Services, Fastenal, J.B. Hunt Transport Services, Truist Financial, KeyCorp, Schlumberger, State Street, and Travelers.
Microsoft Regains Title of World's Most Valuable Public Company
On Friday, Microsoft surpassed Apple to become the world's most valuable public company once again. Microsoft's market value at the close of trading was $2.89 trillion, surpassing Apple's $2.87 trillion. While Microsoft's stock has risen by 3.3% this year, Apple has experienced a decline of 3.4%. In premarket trading, Microsoft saw a slight decline of 0.2%, while Apple dropped by 1.6%.
Stay tuned for further updates and analysis as the trading week progresses.
Microsoft Introduces Copilot Pro Subscription Service
Microsoft has recently introduced a new subscription service called Copilot Pro. Targeted at individuals, this artificial intelligence-based companion is designed to enhance productivity and efficiency when using Microsoft's popular suite of apps such as Word, Excel, PowerPoint, and Teams. With a monthly cost of $20, users can now benefit from this innovative tool.
Apple Removes Blood-Oxygen Sensor from Smartwatches
In response to a patent dispute related to the technology, Apple has decided to remove the blood-oxygen sensor from some of its smartwatches, according to The Wall Street Journal. This strategic move allows Apple to bypass legal obstacles and ensures the functionality of their smartwatches remains intact.
Delay in Boeing 737 MAX Deliveries to China
Boeing faced a setback in restoring 737 MAX deliveries to China following an emergency incident on an Alaska Airlines flight earlier this month. As a result, China Southern Airlines, anticipating the arrival of Boeing planes as early as January, is now planning additional safety inspections on the aircraft. It's important to note that the planes to be delivered are not the same variant as the problematic MAX 9 flown by Alaska Airlines.
Tesla's Elon Musk Advocates for More Voting Power
Elon Musk, CEO of Tesla, expressed his desire for increased voting power in the company. In a blog post on X, Musk emphasized that obtaining additional control is crucial for Tesla's future as a leader in artificial intelligence and robotics. This statement comes as Tesla experienced a 2.2% decline in premarket trading.