Tesla earnings, January PMI data: What to Watch

Key events on Wednesday’s calendar include companies like Tesla (TSLA), ASML (ASML), and ServiceNow (NOW) reporting fourth-quarter earnings after market close.

On the economic data front, a new Purchasing Managers’ Index (PMI) for January will provide a snapshot of manufacturing and services sector activity.

Also airing live on Yahoo Finance at 3:30 P.M. ET is the latest segment of Good Buy or Goodbye, offering investment recommendations and analysis.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor’s note: This article was written by Angel Smith

Video Transcript

– Time now for What to Watch Wednesday, January 24. On the earnings front, more reporting from Tesla, ASML, IBM, AT&T, and ServiceNow, as earnings season ramps up here. [? Anos ?] looking at IBM as an undervalued stock going into 2024, with the boom in AI. Tesla, meanwhile, slumping to start the year. Company continues to cut vehicle prices as electric vehicle supply outstrips demand.

– And moving over to the economy, new monthly purchasing managers insect, index data measuring the direction of economic trends and manufacturing. That comes out tomorrow from S&P Global services and manufacturing PMIs both expected to take a slight dip in January.

– And finally, tune in for another episode of Yahoo Finance’s Good Buy or Goodbye. Tomorrow at 3:30 PM Eastern, where we help navigate the best moves for your portfolio.

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