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Apple, Intel, Tesla, Levi Strauss: What to Watch in the Stock Market Today

By 2022-01-27 No Comments

Stocks rose as investors considered the speed at which the Federal Reserve would move to lift interest rates, and awaited more earnings from major companies. Here’s what we’re watching in Thursday’s trading:

Chart of the Day

Write to Caitlin Ostroff at [email protected]

Corrections & AmplificationsMastercard…

Stocks rose as investors considered the speed at which the Federal Reserve would move to lift interest rates, and awaited more earnings from major companies. Here’s what we’re watching in Thursday’s trading:

Intel’s
earnings fell last quarter as the company ramped up spending on new facilities and products, part of Chief Executive Officer

Pat Gelsinger’s
efforts to revive the semiconductor giant’s fortunes.

Tesla
CEO

Elon Musk
said the electric-car maker won’t introduce new models this year, as it bets on increasing deliveries over diversifying its product offerings in the face of ongoing supply-chain disruptions.

Apparel company
Levi Strauss
said it expects higher revenue in 2022 than the previous year and reported higher profit in the fourth quarter.

A Levi Strauss store in New York, March 19, 2019.
Photo: brendan mcdermid/Reuters

Whirlpool
said that washing machines, refrigerators and other appliances are likely to remain hard to get this year as Covid-19 infections continue to fuel supply chain problems.

Digital lending company
LendingClub
gave 2022 earnings guidance lower than analysts expected.

Teradyne’s
first-quarter financial guidance fell short of Wall Street projections.

Las Vegas Sands
reported lower losses but a slight decline in revenue in the fourth quarter.

Xilinx
said its board approved a special dividend that will only be payable if the company’s previously announced merger with
Advanced Micro Devices
isn’t closed by the record date of the dividend.

Blackstone’s
net income nearly doubled in the fourth quarter thanks to strong investment performance in some of its biggest businesses, as the largest private-equity firm by assets raked in more cash than in any other period in its history.

Fast-food company
McDonald’s
reported fourth-quarter earnings and revenue that missed expectations.

Mastercard
logged greater earnings and revenue for the fourth quarter, boosted by strong spending trends.

Shares of
Block
fell after a Bloomberg report said Apple is planning a service that will let retailers accept payments on iPhones without the need for extra hardware.

Sherwin-Williams
reported a fourth-quarter earnings miss and full-year earnings guidance below Street expectations.

Earnings are due after the market close from
Apple,
Robinhood Markets,
Mondelez International
and
Visa.

Chart of the Day

Give priority to sustainability, however, and investors will be left in a difficult position: assuming the shift away from fossil fuels happens, they have the choice of making a difference, or making more profit.

Write to Caitlin Ostroff at [email protected]

Corrections & Amplifications
Mastercard reported earnings before the market open. A previous version of this article incorrectly said it would release them after the market close. (Corrected on Jan. 27.)

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