Key Fundamental Events This Week(Jan26-30)

As of Friday, 13% of S&P 500 companies have reported 25Q4 earnings.

Earnings grew 8.2% year over year. This is the 10th straight quarter of growth.

Revenue grew 7.8% year over year. This is the 21st straight quarter of growth.

The current S&P 500 forward P/E is 22.1.

Earnings Peak This Week

Earnings season enters its peak this week.

105 S&P 500 companies will report results.

This includes 12 Dow Jones 30 stocks.

Big Tech will be the main focus:

MSFT, META, TSLA, AAPL.

Results from credit card, energy, and defense leaders also deserve close attention.

The Federal Reserve will announce its first FOMC decision of the year on Wednesday afternoon.

Key Events by Day

Monday

• Revised November Durable Goods Orders

• Earnings: NUE, STLD

Tuesday

• January Consumer Confidence Index

• Earnings: UNH, RTX, BA, TXN, UNP, HCA, NOC, UPS, GM, STX, LOGI, AAL

Wednesday

• FOMC decision and Powell press conference

• December Pending Home Sales

• Earnings: MSFT, META, TSLA, ASML, LRCX, IBM, T, NOW, SBUX, GD, ELV, GLW, URI, LUV, VFC

Thursday

• Weekly Initial Jobless Claims

• Revised November Trade Deficit, Factory Orders, and Wholesale Inventories

• Earnings: AAPL, V, MA, CAT, SAP, KLAC, HON, LMT, PH, MO, WDC, RCL, DB, SNDK, VLO, PHM, DOW, DECK

Friday

• Revised December PPI and Core PPI

• Earnings: XOM, CVX, AXP, VZ, REGN

Earnings and Revenue Trends

S&P 500 earnings growth:

• 25Q1: +13.3%

• 25Q2: +12.0%

• 25Q3: +13.4%

Revenue growth:

• 25Q1: +4.9%

• 25Q2: +6.5%

• 25Q3: +8.4%

Market Expectations

Expected earnings growth:

• 26Q1: +11.2%

• 26Q2: +14.5%

• 26Q3: +14.8%

• 26Q4: +18.4%

Expected revenue growth:

• 26Q1: +8.3%

• 26Q2: +7.5%

• 26Q3: +6.8%

• 26Q4: +7.4%

Full-Year Outlook

• 2025 full year:

• Earnings: +12.4%

• Revenue: +7.2%

• 2026 full year:

• Earnings: +14.7%

• Revenue: +7.3%