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3 Things to Watch -Breaking

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© Reuters.

By Dhirendra Tripathi

Investing.com — On Tuesday stocks jumped once more, pushing them to an additional record high. Technology earnings continue to roll out.

Tesla Inc (NASDAQ:)shares continued to climb even after the electric car maker’s market value topped $1 trillion for the first time on Monday, making it more valuable than the next nine automaker stocks combined. 

NVIDIA Corporation, NASDAQ:), which makes chips for crypto mining and artificial intelligence, reached an all-time record. Investors will hear the latest quarterly earnings of NVIDIA Corporation (NASDAQ:) after the closing bell. Twitter Inc (NYSE:), Microsoft Corporation (NASDAQ:) and Google (NASDAQ:) parent Alphabet Inc Class C (NASDAQ:)

This is good news for holiday-shoppers United Parcel Service Inc (NYSE) reported better-than-expected quarterly earnings, revenue and profits, supported by strong ecommerce demand while the industrial stalwart was a major contributor. General Electric Company (NYSE 🙂 increased its full year earnings guidance. 

Reuters reported that earnings at S&P 500 companies are expected to grow 35.6% compared to last year despite supply-chain bottlenecks, labor shortages and inflationary pressures.

The oil prices rose once again and appeared to be headed for $100 per barrel. This is because increasing demand for fuel, especially in the U.S.A, has been mismatched by gradual increases in supply. Data from the industry for last week’s crude inventories is due after the closing bell, and government data comes out Wednesday morning.

These are the three factors that will impact markets tomorrow.

1. Boeing Earnings

Boeing Co (NYSE) will release its third quarter results Wednesday. Analysts at Investing.com have estimated that revenue will be $16.48 billion and that a loss per share of $15 cents is expected.

2. Enjoy a Coca-Cola

Coca-Cola Co (NYSE:)’s third-quarter profit per share is expected to be 57 cents on revenue of $9.78 billion.

3. McDonald’s outlook

McDonald’s Corporation (NYSE:)’s revenue in the third-quarter is expected to be $6.06 billion with profit per share seen at $2.46. As with Coca-Cola, analysts will be listening to McDonald’s executives for word about rising food and transportation costs and the effect of those costs on margins.

 

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