(CTN News) – Including American Express (AXP) earnings, PCE and pending home sales economic prints, Yahoo Finance’s Josh Lipton and Julie Hyman preview the top stories investors should pay attention to on Friday, January 26.
JOSH LIPTON: Now let’s see what to watch on Friday, January 26. The following companies will report earnings tomorrow: American Express, Colgate Palmolive, First Citizens Bank, and Oppenheimer. Watch out for American Express.
American Express has remained relatively unchanged this year.
It providesindication of the high-end consumer state. In comparison to a year ago, analysts expect both revenue and earnings to increase.
In regards to the economy, tomorrow morning we will have Personal Consumption Expenditures, or PCE, data. As the Fed’s preferred inflation indicator, it gives us a better indication of when the first rate cut might Furthermore, it is the last opportunity to examine inflation before next
Inpending home sales data will be released tomorrow. increase by 2% following a flat performance in November.
As a result of the recent increase in mortgage rates, this news comes as a surprise. The 30-year fixed rate is
Finally, you can tune into American Express “Good Buy or Goodbye” tomorrow at 3:30 PM Eastern, where we will help you navigate themoves for your portfolio. I know you will on pending home sales when it comes to what to watch.
Julie Hyman: Housing, Josh Lipton. A new home sales report was received today. Therefore, seasonally adjusted numbers for December increased by 8% to 664,000. Those numbers are in line with the annual average.
The number of inventories remains high, according to American Express economists. Tomorrow, pending home sales will be announced, right? Existing homes have been sold as a result. Economists recommend an increase of 2%.