Here are five things you must know for Friday, Jan. 26:

1. -- Stocks Higher Ahead of Trump Speech

U.S. stock futures were rising Friday, Jan. 26, ahead of Donald Trump's much-anticipated keynote address to the World Economic Forum in Davos, Switzerland.

Contracts tied to the Dow Jones Industrial Average rose 54 points while those tied to the S&P 500 gained 8.50 points. The Dow Jones Industrial Average and S&P 500 scored fresh record highs on Thursday, Jan. 25, while the Nasdaq declined slightly. 

Trump is expected Friday to lay out his "America First" agenda in a speech that is scheduled for 8 a.m. ET following a turbulent week for U.S. economic policy that included tariffs on imported goods from China and South Korea, threats to leave the North American Free Trade Agreement and the first apparent reversal of the country's "strong dollar" policy in at least a generation.

In remarks released from an interview with CNBC television, Trump also insisted that no one should be "talking down" the U.S. dollar and argued that its value should be based on the strength of the broader economy.

"I'll tell you where I stand, which ultimately is very important," he said. "No. 1, I don't like talking about it because, frankly, nobody should be talking about it ... it should be what it is and it should also be based on the strength of the country."

"We are doing so well, our country is becoming so economically strong again, and strong in other ways too, by the way, that the dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump added. 

Trump also said the U.S. economy could grow "much higher" than 3% and that cutting regulations has allowed as much as $4 trillion in new overseas investment.

Honeywell International Inc. (HON) said Friday adjusted earnings in the fourth quarter were $1.85 a share, topping Wall Street forecasts by 1 cent. The company also raised its 2018 earnings outlook. The stock fell 0.5% in premarket trading.

Rockwell Collins Inc. (COL) earned an adjusted $1.59 a share in its fiscal first quarter, beating estimates by 4 cents. The stock rose 0.3%.

Colgate-Palmolive Co. (CL)  said fourth-quarter sales rose 4.5% to $3.9 billion, slightly below estimates, while adjusted earnings of 75 cents a share matched forecasts. Shares fell 3.1%.

Honeywell is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stock? Learn more now.

The economic calendar in the U.S. on Friday includes the first estimate of Fourth-Quarter GDP at 8:30 a.m. ET, Durable Goods Orders for December at 8:30 a.m, and International Trade in Goods for December at 8:30 a.m. 

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2. -- Dell Considering IPO, Deal for VMware

Computer maker Dell Technologies Inc. is conducting a review of its strategic options including a possible initial public offering and the acquisition of the remaining portion of VMware Inc.  (VMW) that it doesn't already own, according to published reports.

The review comes as Dell is struggling to increase revenue and raise cash, Bloomberg reported.

Dell acquired its majority stake in VMware as part of its acquisition of EMC Corp. for $67 billion in 2016.

The company is also considering a share offering of its Pivotal Software unit.

Dell, once the dominant PC maker in the U.S., has shifted to providing hardware and services to the corporate market in recent years. Founder Michael Dell took the company private in 2013 in partnership with Silver Lake Management.

The company could use cash raised in an IPO or Pivotal share offering to reduce the roughly $50 billion debt load it continues to carry in the wake of its EMC acquisition, Bloomberg and the Wall Street Journal reported.

VMware shares rose 9% in premarket trading.

3. -- Intel Jumps on Strong Guidance

Intel Corp. (INTC)  rose 5.3% in premarket trading on Friday after the giant chipmaker beat both fourth-quarter earnings and revenue expectations and issued strong full-year guidance for 2018.

For the fourth quarter, Intel reported adjusted earnings of $1.08 a share on revenue of $17.05 billion. Analysts were expecting profit of 87 cents a share on revenue of $16.34 billion.

Intel also announced it was increasing its dividend by 10% to $1.20 a share.

The company said it expects adjusted earnings in the first quarter of 65 cents to 75 cents a share on revenue of $14.5 billion to $15.5 billion, and 2018 earnings of $3.37 to $3.73 a share on revenue of $64 billion to $66 billion. Analysts were calling for 2018 earnings of $3.27 a share on revenue of $63.86 billion.

Intel shares have risen almost 25% over the last 12 months.

4. -- Starbucks Slumps on Tepid Sales of Holiday Drinks

Shares of Starbucks Corp. (SBUX) , the coffee brewer, slumped 4.6% in premarket trading on Friday after saying it expects global same-store sales growth in 2018 at the low end of its previously issued estimate of 3% to 5%.

On a conference call following the release of the earnings on Thursday, Starbucks executives highlighted tepid sales of holiday drinks, and also called out pressured sales at Starbucks mall stores.

"Holiday and merchandise did not resonate with our customers as planned," CEO Kevin Johnson said on a conference call with analysts.

Starbucks said sales at established Americas region cafes rose just 2% in the first quarter, below analysts' forecasts of an increase of 3.3%.

Afternoon Jolt: Starbucks stock tanks after earnings call $SBUX https://t.co/DvGFWS3iEj

— Brian Sozzi (@BrianSozzi) January 25, 2018

 5. -- Tesla Denies Problems With Model 3

Tesla Inc. (TSLA) denied a story that it has had to hire scores of outside help to produce batteries for the Model 3 by hand, delaying production of the vehicle.

"This is an extremely misinformed article. We are on track with previous projections for achieving increased Model 3 production rates. The implication that Tesla would deliver a car with a hazardous battery is absolutely inaccurate," Tesla said about the CNBC article that ran on Thursday.

Tesla shares were rising 1.3% in premarket trading after tumbling following the release of the CNBC story.

CNBC reported that Tesla's problems with battery production at the company's Gigafactory in Sparks, Nevada, were worse than the company has acknowledged and could cause further delays and quality issues for the new Model 3. The article cited a number of current and former Tesla employees.

This article has been updated to include earnings from Colgate-Palmolive.

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