Big Earnings Week Ahead: Analysts Weigh In on Top Stocks
Analysts at CNBC's Investing Club have issued their calls of the day for several major companies. McDonald's is expected to report earnings on January 30, and analysts are anticipating a decline in sales. However, one analyst believes that the company's strategy to increase prices will boost profits.
Target is also set to release its quarterly results on March 14, with expectations of a modest increase in same-store sales. Lowe's and Home Depot are both facing pressure from rising interest rates and supply chain disruptions.
Entegris, a supplier of materials for the semiconductor industry, is expected to report earnings on January 26. Analysts are looking for a decline in revenue due to decreased demand for memory chips. General Dynamics and Boeing are both set to release their quarterly results this week, with expectations of increased defense spending.