On January 28 (Wednesday), after the US stock market closes, major companies such as Microsoft, Meta, and Tesla will release their earnings reports. The key focuses are AI monetization and capital expenditures, cloud growth rate, delivery/profit margins, combined with the Fed's decision, which may amplify volatility.

Key Earnings Forecasts (After-Market Release)

Company Ticker EPS Estimate Revenue Estimate Key Focus

Microsoft MSFT $3.91 $80.31B Azure cloud growth (expected 36%), AI capex and ROI guidance

Meta META $8.21 $58.4B AI ad revenue, Reels growth, metaverse cost control

Tesla TSLA $0.46 $24.78B Deliveries, profit margins, Robotaxi progress, cost control

Other Key Companies (Pre-Market/Intraday)

Company Ticker EPS Estimate Revenue Estimate Key Observation

Starbucks SBUX $0.58 $9.64B Same-store sales, China performance

General Dynamics GD $4.11 $13.78B Defense orders, profit margins

Corning GLW $0.70 $4.34B Optical and semiconductor material demand

Progressive PGR $4.44 $20.63B Premium income, claims costs

Teva Pharma TEVA $0.63 $4.33B Generic drug sales, profit margins

Earnings and Stock Price Drivers

- Microsoft: Azure cloud and AI services are key, with expected revenue growth of 20%+. AI capex plans may impact stock price.

- Meta: Ad business remains solid (expected 21% growth), but AI monetization and metaverse investments may pressure profits.

- Tesla: Delivery volume and profit margins are under pressure, but Robotaxi and cost control could be catalysts. Outlook remains cautious.

- Others: Starbucks' recovery in China; General Dynamics and Corning's industry demand and order trends.

Trading and Risk Notes

- Main theme: Tech giants' AI ROI + Fed policy signals will be the core pricing factors.

- Timing: Volatility may rise post-Fed decision; earnings beats could drive rallies, while misses may trigger pullbacks.

- Risk control: Tech stock divergence—avoid chasing high-flyers; watch for geopolitical and tariff risks.