Earnings season heats up this week with more big names likely to follow in the path of JPMorgan (NYSE:JPM) in reporting strong full-year guidance and muddied Q4 results influenced by one-time tax charges. In what could be a preview of many conference calls on tap, JP CEO Jamie Dimon called the new tax law “a big, significant positive” that the bank expects to fall to its bottom line. Most full-year consensus profit estimates haven’t adjusted yet to the tax reset, setting up some stocks for earnings day bounces. The markets are closed on Monday in observance of Martin Luther King Day, but there’s a packed schedule for the four trading days of the week.
Detroit Auto Show: The North American International Auto Show kicks off next week in front of the public part of the event. While discussions and analysis on the latest model introductions, NAFTA, electric vehicles, self-driving cars and new U.S. tax laws will be heard at displays, press conferences and on the sidelines — it’s guidance updates that could steal the show. The coinciding Deutsche Bank Global Auto Industry Conference in Detroit includes presentations from Ford (NYSE:F), General Motors (NYSE:GM), Cooper-Standard (NYSE:CPS), Hyundai (OTCPK:HYMLF), Dana (NYSE:DAN), Magna International (NYSE:MGA), Fiat Chrysler (NYSE:FCAU), Nissan (OTCPK:NSANY), Toyota (NYSE:TM), Honda (NYSE:HMC), Volkswagen (OTCPK:VLKAY), BMW (OTCPK:BMWYY), Cooper Tire & Rubber (NYSE:CTB), Autolive (NYSE:ALV) and Adient (NASDAQ:ADNT). There’s also talks from Tesla (NASDAQ:TSLA) and Mobileye (NYSE:MBLY) that could create some ripples.
Argus Americas Crude Summit Conference: Crude oil prices are at a three-year high so what a time for energy execs to gather in Houston to talk shop. Speakers include reps from UNIPEC (NYSE:SNP), Occidental Petroleum (NYSE:OXY), Phillips 66 (NYSE:PSX) and Barclays (BCS.).
