Sage Investment Club

Good morning traders and investors of the r/StockMarket sub! Welcome to the final trading day of January! Here are your pre-market stock movers & news on this Tuesday, January the 31st, 2023-Stock futures declined Tuesday as traders wrap up what has been a strong month for equities.Futures tied to the S&P 500 dipped 0.3%, while futures connected to the Dow Jones Industrial Average fell about 0.4%, or 119 points. Nasdaq-100 futures dropped 0.5%.Caterpillar shares fell more than 2% in the premarket after the industrial giant posted its latest quarterly results. Meanwhile, General Motors shares jumped more than 4% in premarket trading after reporting strong earnings.Those moves build on Monday’s declines. The Dow lost 0.8% in the previous session, while the S&P and Nasdaq Composite fell 1.30% and 1.96%, respectively.It’s been a stellar January for stocks, otherwise. As of Monday’s close, the S&P 500 and Dow are up 4.64% and 1.72% in January, respectively, and headed for their third positive month in four. The S&P 500 is also on track for its best January since 2019. The Nasdaq Composite has risen 8.86% this month, putting it on pace for its best monthly performance since July.“The reason I’ve been optimistic on equities to start the year is because revisions are mostly behind us, people got too negative,” Trivariate Research’s Adam Parker told CNBC’s “Closing Bell: Overtime” on Monday.A solid January could be a good sign for the market, and potentially foreshadow a continued uptick in the months that follow. Of the five instances in which the S&P gained more than 5% in January after a negative year, the benchmark index rose 30% for the year on average, said Carson Group’s Ryan Detrick in a tweet.However, a busy week of earnings could put this recent rally in jeopardy. Investors are watching closely for comments on how some of the largest companies are faring amid high inflation and fears of slowing consumer spending.Attention also turns to the latest interest rate decision due out of the Federal Reserve’s latest policy meeting kicking off Tuesday. Traders widely expect a 25 basis point increase, but will monitor commentary for clues into how much further the Fed intends to hike, or when it plans to cut rates.STOCK FUTURES CURRENTLY:YESTERDAY’S MARKET MAP:TODAY’S MARKET MAP:YESTERDAY’S S&P SECTORS:TODAY’S S&P SECTORS:TODAY’S ECONOMIC CALENDAR:THIS WEEK’S ECONOMIC CALENDAR:THIS WEEK’S UPCOMING IPO’S:THIS WEEK’S EARNINGS CALENDAR:($AMZN $AAPL $SOFI $AMD $META $GOOGL $XOM $UPS $GM $PFE $CAT $F $SNAP $MCD $SPOT $PHG $ARLP $LICY $QCOM $PSX $MPC $MRK $SMCI $WM $COP $NXPI $AGNC $MO $BEN $LLY $DX $X $TMUS $SBUX $PTON $BSX $EPD $WHR $BMY $GILD $TEAM $SBT $HP $CI)THIS MORNING’S PRE-MARKET EARNINGS CALENDAR:($XOM $UPS $GM $PFE $CAT $MCD $SPOT $MPC $PSX $GLW $ALGM $KEX $UBS $SYY $PHM $PII $MAN $MPLX $MSCI $OSK $HUBB $MCO $AOS $AQUA $IMO $LII $DOV $MMYT $NYCB $MDC $CVLT $IP $PNR $ST $CAC $NVR)EARNINGS RELEASES BEFORE THE OPEN TODAY:EARNINGS RELEASES AFTER THE CLOSE TODAY:YESTERDAY’S ANALYST UPGRADES/DOWNGRADES:YESTERDAY’S INSIDER TRADING FILINGS:TODAY’S DIVIDEND CALENDAR:THIS MORNING’S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:WISACVNALUNC.XGMMSGMXOMMCDLACCATPFETHIS MORNING’S STOCK NEWS MOVERS:**McDonald’s — Shares dipped more than 1% after McDonald’s reported its latest quarterly results. The fast food giant topped earnings and revenue estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he expects “short-term inflationary pressures to continue in 2023.”STOCK SYMBOL: MCD**General Motors — Shares of the automaker rose more than 5% in premarket trading after GM beat estimates on the top and bottom lines for its fourth quarter, even as its profit margin narrowed. The company reported an adjusted $2.12 per share on $43.11 billion in revenue. Analysts surveyed by Refinitiv were looking for $1.69 in earnings per share on $40.65 billion in revenue. GM said it expected earnings to fall in 2023, but guidance was still above analyst estimates.STOCK SYMBOL: GM**Ford — Shares of Ford rose 2% after the company announced Monday it would lower the price of the Mach-E, its electric pickup truck. The company reports earnings later in the week.STOCK SYMBOL: F**United Parcel Service – Shares of UPS rose 1.9% after the company reported earnings that beat analyst expectations. The company posted adjusted earnings per share of $3.62 on $27.08 billion in revenue. Analysts had forecast earnings of $3.59 per share and $28.09 billion in revenue, per Refinitiv.STOCK SYMBOL: UPS**Exxon Mobil — The oil giant was under pressure despite reporting upbeat financial results for the latest quarter. The company, whose stock price rallied more than 80% last year, saw a tightening in supplies as economies began recovering, CEO Darren Woods said in a statement. Shares fell more than 1%.STOCK SYMBOL: XOM**Caterpillar — Caterpillar shares fell more than 2% after the industrial giant posted a disappointing quarterly profit. The company reported earnings of $3.86 per share, well below a Refinitiv consensus estimate of $4.06 per share. Caterpillar said its bottom line was impacted by an “unfavorable ME&T foreign currency impact in other income (expense) of $0.41 per share.”STOCK SYMBOL: CAT**Pfizer – Shares of the vaccine maker fell more than 2% after the company reported mixed quarterly results and issued earnings and revenue guidance for the full year that came in below analysts’ expectations, according to StreetAccount. Pfizer said it expects revenues from its Comirnaty and Paxlovid drugs to fall 64% and 58%, respectively, from actual 2022 results.STOCK SYMBOL: PFE**International Paper – The packaging and paper products company reported fourth-quarter adjusted operating earnings of 87 cents per diluted share, exceeding StreetAccount’s estimate of 69 cents per diluted share. However, the company reported a net earnings loss of $318 million for the quarter. International Paper nearly 6% in the premarket.STOCK SYMBOL: IP**Lucid – Shares of Lucid slipped 4.4%, further cooling off after a monster options fueled rally on Friday.STOCK SYMBOL: LCID**PulteGroup – Shares of the homebuilder rose more than 1% in premarket trading after PulteGroup reported a better-than-expected fourth quarter. The company reported $3.63 in adjusted earnings per share on $5.17 billion of revenue. Wall Street analysts were expected $2.93 in earnings per share on $4.58 billion of revenue, according to StreetAccount. PulteGroup’s homebuilding gross margin rose year over year.STOCK SYMBOL: PHMFULL DISCLOSURE:/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.DISCUSS!What’s on everyone’s radar for today’s trading day ahead here at r/StockMarket?I hope you all have an excellent trading day ahead today on this Tuesday, January 31st, 2023! 🙂

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