Q4 Earnings, Davos Tension Inform Late Start to Trading Week

Company Earnings Reports - 3M (MMM) reported Q4 earnings of $1.83 per share, slightly beating the Zacks consensus by $0.01, but revenues of $6.0 billion fell short of estimates of $6.08 billion, marking the 12th consecutive earnings beat, with both earnings and sales up year over year, yet shares are down -3.75% [4] - D.R. Horton (DHI) reported earnings of $2.03 per share, exceeding expectations of $1.95, and revenues of $6.89 billion surpassed estimates of $6.71 billion, indicating positive signs for the U.S. housing market, although shares are down -5.5% [5] - Fifth Third Bank (FITB) reported earnings of $1.12 per share and revenues of $2.34 billion, both outperforming expectations of $1.00 per share and $2.32 billion, marking 12 consecutive earnings beats, with shares down -1.5% but up +9% over the past year [6] Market Overview - Pre-market futures are declining due to global economic concerns, with the Dow down -700 points, S&P 500 down -106 points, and Nasdaq down -460 points, while bond yields have risen to +4.3% on the 10-year and +3.6% on the 2-year [3] - The upcoming earnings reports from Netflix (NFLX) and United Airlines (UAL) are anticipated, with NFLX expected to show +27.9% earnings growth year over year and UAL expected to report -8.6% earnings growth [7]