Reply To: Traders Market Weekly: Eyes on Powell and Adani Risks

#52398
Truman
Participant

Wednesday – February 1

Earnings watch – Notable companies due to report include Amerisourcebergen (ABC), Altria (MO), MetLife (MET), and Meta Platforms (META). Options trading implies a double-digit swing when Peloton Interactive (PTON) report.

Chinese electric vehicle makers Nio (NIO), Li Auto (LI), and XPeng (XPEV) will post their monthly deliveries reports. The Macau gross gaming revenue report for January will be closely watched with a few days of the Chinese New Year included and the first full month of relaxed COVID restrictions. Also watch for discount broker DART reports and the FBI background check update on firearms.

All day – Samsung (OTCPK:SSNLF) will hold its Unpacked product event. The company is expected to announce the S23 series of phones at its first in-person event in three years.

All day – OPEC oil ministers will meet online to review levels of output. The Joint Ministerial Monitoring Committee of OPEC+ is expected to endorse the current oil output policy of the group.

All day – Shareholders with AMCI Acquisition Corp. II (AMCI) will vote on the SPAC deal to take carbon capture and transformation company LanzaTech public.
All day – The FDA action date arrives for GlaxoSmithKline (GSK) on daprodustat for the treatment of chronic kidney disease.
All day – Coherent Corp. (COHR) will hold a webcast of an analyst briefing focused on the company’s prospects in the display manufacturing and life sciences markets.

2:00 p.m. The FOMC will issue its statement following the two-day meeting of the central bank.
2:30 p.m. Federal Reserve Chairman Jerome Powell will hold a press conference.