Day Ahead: Top 3 Things to Watch - Here's a preview of the top 3 things that could rock markets tomorrow.

1. PayPal Tops Estimates

PayPal Holdings Inc (NASDAQ:PYPL) could help the tone of the market tomorrow, both in financial services, its rightful sector, but also in the beaten down tech arena given its association with those companies.

PayPal posted profit and revenue that beat Wall Street's expectations.

It also boosted guidance about in line with what analysts were expecting.

Shares of PayPal climbed 1% in postmarket trading.

2. P&G Tops Earnings Schedule

Dow component Procter & Gamble (NYSE:PG) leads the earnings parade before the bell tomorrow.

The company is expected to post a profit of $1.10 a share on sales of $16.5 billion, according to analysts. Organic sales growth with be an important metric.

Most of the sell side unsure about the stock, with 17 out of 25 analysts covering the company rating it a hold or neutral.

On a broader level, the numbers will be a window into health of the consumer staples sector. Those stocks are getting more love given the volatility in riskier stocks like tech lately.

Also reporting are Honeywell (NYSE:HON) and Schlumberger (NYSE:SLB).

3. More Disappointing Housing Numbers Coming?

Typical of a Friday, tomorrow's economic calendar is fairly sparse. But more housing data will be welcome as the market continues to fret over that part of the economy.

Existing home sales arrive at 10:00 AM ET (14:00 GMT).

On average, economists expect that sales of existing homes in September fell to an annual rate of 5.31 million.

And with all the recent attention on the latest Federal Reserve minutes, investors will be watching comments from Dallas Fed President Robert Kaplan and Atlanta Fed President Raphael Bostic.

Internet provider groups sue Vermont over net neutrality law

Morgan Stanley's brokerage sweetens retirement bonuses for top brokers

AIG sees third-quarter catastrophe losses of $1.5 billion-$1.7 billion


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PayPal offers up to $500 credit for U.S. federal employees affected by shutdown
PayPal offers up to $500 credit for U.S. federal employees affected by shutdown
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  • 2019-01-18 16:53:09Z

PayPal Holdings Inc said on Friday it will offer $25 million in interest-free credit to its users who work with the U.S. federal government and are impacted by the shutdown. Employees who use PayPal Credit will be able to avail an advance of up to $500 each, without having to pay any interest, and the program will last until the government reopens and employees receive their first paycheck, the company said on its website The partial shutdown, which hit the four-week mark on Friday, is the longest in U.S. history.

Consumer giants spurn risks to chase online subscribers
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Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked. The companies are pitching new online subscription services, which promise stable revenues, lower delivery costs and valuable data about customers. The world's biggest packaged food company, Nestle, whose Nespresso coffee is already a sizeable subscription business, recently launched a subscription program for nutritional drinks in Japan and expanded ReadyRefresh, an online bottled water service, in the United States.

Procter & Gamble takes the lead on tackling ocean plastic
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Personal care brand Procter & Gamble has joined forces with several major companies to launch a new organization to tackle plastic waste levels in the ocean. The conglomerate, which owns brands such as Olay, Herbal Essences and Gillette, has co-founded the 'Alliance to End Plastic Waste' (AEPW) alongside dozens of other global member companies, such as ExxonMobil, Shell and Total. The non-profit alliance has pledged to donate over $1 billion in order to invest $1.5 billion over the next five years to help eliminate plastic waste in the environment.

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