Stock Market Braces for a Busy Week of News
As April nears its end, the stock market is gearing up for a week filled with significant developments. The first-quarter earnings season is well underway, with major companies such as Apple, Amazon.com, Pfizer, Merck, and Amgen set to release their earnings reports. Additionally, the e-commerce sector will take the spotlight as eBay, PayPal, and Etsy are also on the roster for the week. Moreover, the Federal Reserve’s policy meeting will be a key event, adding to the already busy week for economic data.
Stocks to Watch: Five Stocks Showing Strength
Investors are advised to expand their watchlists beyond tech stocks, as companies like Dell Technologies, Datadog, Nvidia, Cameco, and Walmart are displaying positive momentum. These stocks are showing early or pullback entries, with some flashing signs of relative strength despite the market’s recent challenges.
Buckle Up: A Big Econ Week
The upcoming week is poised to be significant for economic news, with the Federal Reserve’s policy update and the release of the March employment report being key events. The Fed’s plan for scaling back the pace of balance-sheet runoff and the Employment Cost Index are expected to provide insights into the economic outlook.
Apple iPhone Sales in Focus
Apple’s fiscal second-quarter results are highly anticipated, particularly regarding the performance of iPhone sales amidst reports of weak demand, especially in China. Analysts are also looking for positive indications from the company’s services business, with expectations for a potential return to growth in the June quarter.
Dow Gets Fast and Furious
The Dow industrials are set for a heavy week of earnings reports, with companies like Coca-Cola, McDonald’s, and 3M joining Apple, Merck, and Amgen in the lineup. Coca-Cola and 3M are on the brink of potential breakouts ahead of their earnings releases, adding to the overall market activity for the week.
Magnificent Seven Earnings: The Great Disrupter Reports
Amazon’s Q1 earnings report is a highly anticipated event, with analysts expecting a 12% increase in sales and a 170% earnings gain. Investors will closely monitor the performance of Amazon Web Services and the company’s costs related to AI, especially in light of recent developments in the industry.
Pharma/Biotech: A Big Week for Big Pharma
Biopharma giants Pfizer, GSK, and Amgen are scheduled to report their first-quarter earnings, with expectations for strong launches of their respiratory syncytial virus vaccines. Additionally, diabetes and weight-loss giants Eli Lilly and Novo Nordisk will also be reporting their first-quarter earnings, adding to the significant developments in the pharma and biotech sectors.
E-Commerce: The Online Shopping Scoop
PayPal, eBay, and Etsy are all set to report their first-quarter earnings, with analysts expecting various degrees of EPS and sales gains. These reports will provide insights into the performance and growth strategies of these e-commerce platforms.
Stock Market Earnings in Brief
- Domino’s Pizza is expected to report first-quarter results with analysts anticipating earnings to increase by 16% and revenue growth of 5.4%.
- Super Micro Computer is set to report fiscal third-quarter results, with significant year-over-year growth expected in both earnings and sales.
- Advanced Micro Devices will release its Q1 results, with analysts expecting the chipmaker to earn 62 cents a share on sales of $5.48 billion.
- Starbucks is delivering its Q2 report, with expectations for earnings growth and revenue rise, albeit at a slower pace compared to previous quarters.
- Mastercard’s Q1 earnings are anticipated to show a significant jump in both earnings and revenue, marking a trend of decelerating earnings growth.
- CyberArk and Block (Square’s owner) are also scheduled to report their Q1 earnings, with expectations for adjusted profit and revenue growth.
Overall, the upcoming week is poised to be a busy and eventful period for the stock market, with a wide range of companies across various sectors set to release their earnings reports and key economic data shaping the market’s outlook.
📎 Source reference: investors.com
