Tesla, Procter & Gamble, IBM Earnings: 3 Things to Watch By
2022-10-19 07:55:23

By Liz Moyer

-- Stocks were trying to hold onto Tuesday’s gains in late afternoon trading as a smattering of earnings reports cast a positive mood in the markets.

Worries about a recession continue to persist as the Federal Reserve heads straight toward what is to be a fourth-straight interest rate hike of a 0.75 percentage point. The Fed is determined to tame even if that means inflicting some pain, something that has encouraged investors to steer away from riskier assets in recent weeks.

Earnings continue this week, with reports from airlines, consumer product companies, tech companies and more. About 60 companies are reporting their latest numbers this week.

In addition, there will be data that could show how the housing market is holding up with mortgage rates climbing and interested buyers remaining on the sidelines. The Fed’s later on Wednesday will give investors a glimpse of business and economic conditions from various parts of the U.S.

Here are three things that could affect markets tomorrow:

1. Tesla earnings

Tesla Inc (NASDAQ:), the electric vehicle company owned by billionaire Elon Musk, is expected to report earnings of $1.03 a share on revenue of $22.5 billion.

2. Procter & Gamble earnings

Household product giant Procter & Gamble Company (NYSE:) is expected to report earnings of $1.56 a share on revenue of $20.4 billion.

3. earnings

Tech giant International Business Machines (NYSE:) is expected to report earnings of $1.79 a share on revenue of $13.5 billion.

The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Read more

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。