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All Eyes on Intel Earnings Report and OPEC’s Monthly Oil Report

August 4, 2023
in Trade Tube
Reading Time: 1 min read
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On Thursday, January 15th OPEC publishes its monthly oil market report. Any revisions to global supply and demand outlook could move oil prices. On the earnings front, we note Bank of America (BAC) and Citigroup (C), as well as Intel (INTC). The chip maker is expected to report an increase year-over-year for both earnings and revenue in its fourth-quarter. Economists think the solid holiday season in sales for PCs and mobile phones could help boost results above analyst expectations. TheStreet’s Jim Cramer also says Intel should report a good quarter. On the economic calendar, we have weekly jobless claims, the producer price index, and the Philly Fed’s business outlook survey. TheStreet’s Kurumi Fukushima reports from New York.

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