Visa & Intel earnings, Q4 GDP, housing data: What to Watch
While breaking down fourth-quarter earnings results for ServiceNow (NOW) and Las Vegas Sands (LVS), Yahoo Finance Live Anchors Julie Hyman and Josh Lipton look ahead to the top corporate earnings expected out tomorrow, from companies like Visa (V) and Intel (INTC), alongside several economic data prints — US fourth-quarter GDP, jobless claims, and new home sales.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
- Let's take a look at some of the trending tickers after hours. Starting with ServiceNow. The software maker rising after a strong earnings print or at least it had been now falling into the red.
The revenue outlook for the current quarter did top Wall Street estimates raising hopes for further growth for the street. ServiceNow attributed much of its results to its recent harnessing of AI into its core offerings. The company makes the bulk of its revenue from subscription sales. And ServiceNow forecast that those would increase by around 22% for the full-year.
And another set of earnings Las Vegas Sands. Those shares up about 2 and 1/2 percent. CEO Robert Goldstein saying he's very pleased with the results after they beat on the top line estimates, but missed on earnings per share. The company put its revenue growth down to its investments in casinos abroad in Singapore and Macau. LVS sees ongoing recovery in travel and tourism.
- And time now for What To Watch. Thursday, January 25 on the earnings front, Visa, Intel, T-Mobile, Comcast, and Alaska Airlines all reporting results tomorrow. Intel shares up more than 60% in the last 12 months. Some on the street say this could be a make or break year for the company rolling out new products and trying to convince investors. This stock is a smart way to play AI.
- I am moving over to the economy. New preliminary fourth quarter GDP data out in the morning. Economists are expecting the GDP report to show slower economic growth leaving investors to wonder if the soft landing has already happened.
- And shifting to the job market. Weekly initial jobless claims coming out tomorrow. A report that measures workers applying for unemployment benefits. Those numbers trending back up after seeing a dip last week.
- I'm moving to the housing market. New home sales figures for the month of December being released in the morning. Despite a tough housing market for first time home buyers, we have been seeing an uptick in sales of newly constructed residences in the US.
