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On MLK Day, a Busy Week Expected

Q4 earnings season, the World Economic Forum in Davos and President Trump's impeachment trial all get underway beginning tomorrow. Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Monday, January 20, 2020

On this first Day 20 of the Year 2020, we engage in remembrance of the life of the Rev. Dr. Martin Luther King, Jr., a hero of American civil rights who paid with his advocacy with his own life nearly 52 years ago. Dr. King’s work as a nonviolent leader affecting change and openness in race relations — indeed, in how Americans interact overall, regardless of racial background — takes his birthday and turns it into a holiday in the U.S., signed into law during President Ronald Reagan’s first term and enacted in his second. Today, the U.S. stock markets are closed in honor of Dr. King.

Fourth quarter earnings reports will largely remain dormant today, as well, although there are a few exceptions. Among them are Wisconsin-based Plexus Corp. PLXS, which reports later this afternoon, and Logitech International LOGI, based in Switzerland. Later in the week, we get new reports from big names such as Netflix NFLX, Johnson &amp; Johnson JNJ, Texas Instruments TXN and Procter &amp; Gamble PG.

Speaking of Switzerland, this week also brings us the annual convention of the most successful world and business leaders in Davos. Located high up in the Alps in the eastern region of the country, this 50th World Economic Forum year brings together the likes of German Chancellor Angela Merkel, JPMorgan Chase CEO Jamie Dimon, U.S. Treasury Secretary Steven Mnuchin and even President Trump himself. With Trump’s recent actions in the Middle East and his resuming impeachment in the U.S. Congress tomorrow morning, there is much interest in what the president has to say on his and the U.S.’s behalf. His speech is scheduled for Tuesday at 5:30 pm ET.

Also on the Davos stage this year will be teenage climate activist Greta Thunberg, who famously dressed-down the hall of the United Nations in New York last fall. Thunberg is expected to be joined by a legion of teenage climate activists, presumably to convince the world’s richest and most powerful leaders to ramp up efforts to avoid future climate change catastrophes expected by a majority of scientists in the field.

Also, though British Prime Minister Boris Johnson will not be attending Davos this year as he works his country’s way free from the European Union (EU), but former Prime Ministers Tony Blair and Gordon Brown will be in attendance. We expect they will be there to help the United Kingdom’s extrication from the EU limit the economic and political damage such a tectonic shift might have on the global economy.

In short, this week looks to bring plenty of information for stock markets going forward, but we don’t expect them to begin in earnest until tomorrow. Many of us will be reflecting on Dr. King’s legacy today.

Mark Vickery
Senior Editor

Questions or comments about this article and/or its author? Click here&gt;&gt;” data-reactid=”18″>Monday, January 20, 2020

On this first Day 20 of the Year 2020, we engage in remembrance of the life of the Rev. Dr. Martin Luther King, Jr., a hero of American civil rights who paid with his advocacy with his own life nearly 52 years ago. Dr. King’s work as a nonviolent leader affecting change and openness in race relations — indeed, in how Americans interact overall, regardless of racial background — takes his birthday and turns it into a holiday in the U.S., signed into law during President Ronald Reagan’s first term and enacted in his second. Today, the U.S. stock markets are closed in honor of Dr. King.

Fourth quarter earnings reports will largely remain dormant today, as well, although there are a few exceptions. Among them are Wisconsin-based Plexus Corp. PLXS, which reports later this afternoon, and Logitech International LOGI, based in Switzerland. Later in the week, we get new reports from big names such as Netflix NFLX, Johnson & Johnson JNJ, Texas Instruments TXN and Procter & Gamble PG.

Speaking of Switzerland, this week also brings us the annual convention of the most successful world and business leaders in Davos. Located high up in the Alps in the eastern region of the country, this 50th World Economic Forum year brings together the likes of German Chancellor Angela Merkel, JPMorgan Chase CEO Jamie Dimon, U.S. Treasury Secretary Steven Mnuchin and even President Trump himself. With Trump’s recent actions in the Middle East and his resuming impeachment in the U.S. Congress tomorrow morning, there is much interest in what the president has to say on his and the U.S.’s behalf. His speech is scheduled for Tuesday at 5:30 pm ET.

Also on the Davos stage this year will be teenage climate activist Greta Thunberg, who famously dressed-down the hall of the United Nations in New York last fall. Thunberg is expected to be joined by a legion of teenage climate activists, presumably to convince the world’s richest and most powerful leaders to ramp up efforts to avoid future climate change catastrophes expected by a majority of scientists in the field.

Also, though British Prime Minister Boris Johnson will not be attending Davos this year as he works his country’s way free from the European Union (EU), but former Prime Ministers Tony Blair and Gordon Brown will be in attendance. We expect they will be there to help the United Kingdom’s extrication from the EU limit the economic and political damage such a tectonic shift might have on the global economy.

In short, this week looks to bring plenty of information for stock markets going forward, but we don’t expect them to begin in earnest until tomorrow. Many of us will be reflecting on Dr. King’s legacy today.

Mark Vickery
Senior Editor

Questions or comments about this article and/or its author? Click here>>

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Biggest Tech Breakthrough in a Generation” data-reactid=”19″>Biggest Tech Breakthrough in a Generation

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.” data-reactid=”20″>Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.” data-reactid=”21″>A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="
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Logitech International S.A. (LOGI) : Free Stock Analysis Report
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To read this article on Zacks.com click here.
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Zacks Investment Research
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report” data-reactid=”23″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Netflix, Inc. (NFLX) : Free Stock Analysis Report
 
Johnson & Johnson (JNJ) : Free Stock Analysis Report
 
Logitech International S.A. (LOGI) : Free Stock Analysis Report
 
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
 
Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
 
Plexus Corp. (PLXS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

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