An Apple store on Nanjing Road pedestrian street in Shanghai, China on December 16, 2022.
CFOTO | Future Publishing | Getty Images
My top 10 things to watch Tuesday, January 31st
1. Will the outperformance of speculative stocks continue? The market’s worst performers of 2022 — including crypto, SPACs and cloud software stocks — are among the biggest winners in this year’s rally. stay away As I wrote on Sunday, I see this as a moment to turn to mature stocks that are in line with the so-called old, or real, economy.
2. You’ll find many of these real economy stocks, or workhorses, in the Dow. We looked at its 30 members to show how they correspond to the names we hold in the Trust.
3. UBS says iPhone sell-through, or sales to end users, fell 12% in the fourth quarter of 2022 due to supply chain disruption; it maintained a buy rating on appeal (AAPL). Let’s assume that’s now consensus, which would put the stock at around $130.
4. Apple is one of 9 Club stocks to report quarterly earnings this Thursday. The list includes industrial conglomerate Honeywell International (HON), Starbucks (SBUX) and tech giant Alphabet (GOOGL). These reports and conference calls should provide good information on the state of the US economy. Here’s our breakdown of Thursday’s schedule, including analysts’ estimates for earnings per share and revenue.
5. McDonald’s (MCD) posted very good numbers – beating earnings and revenue estimates. But the market doesn’t like it, which is stupid. Shares fell more than 1% in the premarket.
6. Johnson and Johnson (JNJ) won’t be able to use the bankruptcy trick to drop tens of thousands of lawsuits over its talc products. A US appeals court has ruled that the healthcare conglomerate improperly placed a subsidiary in Chapter 11 even though it is not in financial distress. Stay a mess. The company has already paid $3 billion.
7. Humira’s days as the best-selling drug end today as Amgen ( AMGN ) begins selling a nearly identical biologic. AbbVie (ABBV), which makes the injectable treatment for rheumatoid arthritis, expects a 45% drop in sales in 2023. It’s mostly priced into the stock, which sells at a low multiple.
8. Caterpillars (CAT) sales rose 20% in the fourth quarter of 2022 due to strong demand for its construction equipment. It’s a really great quarter, but stocks are being treated badly by the market.
9. Deutsche Bank oversees the improvement of leadership and efficiency Disney (THIS). New CEO Robert Iger will use his own plan will better integrate Hulu.
10. The amazing decline in natural gas is something to celebrate as it is used in many things. Prices fell to their lowest level in nearly two years on Monday, thanks to an unseasonably warm winter.
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