Last Updated, Jan 27, 2022, 2:31 PM
Apple, Intel, Tesla, Levi Strauss: What to Watch in the Stock Market Today
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.
- 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 .
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- 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 caitlin.ostroff@wsj.com
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