Earnings, Earnings, and More Earnings

Intro: As the broader markets continue to hit all-time highs, we have another heavy week of earnings and economic data with 6 of the 30 Dow components reporting. Investors will turn their attention on Wednesday to the latest Fed statement with 1Q GDP, Consumer Confidence, ISM Index and Michigan Consumer Sentiment also being released throughout the week 

Earnings: Earnings season continues with approx. 1/3 of the S&P reporting highlighted by Apple, Exxon Mobil, Visa and Pfizer. So far, less than 50% of S&P 500 companies have reported revenues above analyst expectations. Traders will continue assessing how the Dollar’s rise has affected earnings

Fed Statement: On Wednesday (4/29), the Fed will release its latest statement. This meeting is limited to a statement with no press conference scheduled until after the next Fed meeting June 17th. Traders will look for any hints in the statement as to verbiage which may indicate their schedule for raising interest rates

Central Banks: Central banks around the world are scheduled to make policy statements. In reaction to previous statements certain stock markets, including the Nikkei, have touched 15 year highs and new all-time highs. Traders will be listening for announcements of any additional monetary easing to further strengthen their nations’ economies

Oil: Oil continues to creep up as US oil rigs declined for the 20th consecutive week, geo political events in Yemen and oil inventories continuing to shoot up, Traders will continue to watch these indicators for further moves in the price of oil

Consumer Confidence: On Tuesday (4/28), data on Consumer Confidence is released. If readings come in higher than expected, traders will equate it with consumer’s making bigger purchases and business conditions improving. As a result, expect consumer discretionary stocks to react

 

MONDAY (4/27)

Earnings: Apple, General Growth Properties, Avalon Bay Communities

 

TUESDAY (4/28)

  • 10:00 AM ET – Consumer Confidence - Apr
  • Reserve Bank of Australia Governor Glenn Stevens Speaks
  • Bank of Canada Governor Stephen Poloz Speaks
  • Great Britain Preliminary GDP
  • Japanese Banks will be closed in observance of Showa Day
  • Earnings: Pfizer, Merck, BP, Bristol-Myers Squibb, UPS, Ford, Kraft Foods, Aetna, Twitter, Valero Energy, McGraw Hill, Aflac, Cummins

 

WEDNESDAY (4/29)

  • 10:00 AM ET – GDP Adv. – 1Q
  • 10:00 AM ET – Pending Home Sales - Mar
  • 10:30 AM ET – Crude Oil Inventories
  • 2:00 PM ET – FOMC Statement
  • New Zealand Trade Balance
  • ANZ Business Confidence
  • German Prelim CPI
  • Japanese banks will be closed in observance of Showa Day
  • Earnings: Mastercard, Baidu, Valeant Pharmaceuticals, Time Warner, Barclays, General Dynamics, Anthem, Norfolk Southern

 

THURSDAY (4/30)

  • 8:30 AM ET - Weekly Jobless Claims
  • 8:30 AM ET – Personal Income - Mar
  • 8:30 AM ET – Personal Spending – Mar
  • 8:30 AM ET – Employment Cost Index – Q1
  • 9:45 AM ET - Chicago PMI - Apr
  • Reserve Bank of New Zealand Rate Statement
  • Bank of Japan Monetary Policy Statement and Press Conference
  • European CPI Flash Estimate & Unemployment Rate
  • Bank of Canada Governor Stephen Poloz Speaks
  • Canada GDP
  • Earnings: Exxon Mobil, Visa, Gilead Sciences, Sanofi, Celgene, Conoco Philips, AIG, Colgate-Palmolive, Teva, Pharmaceuticals, Phillips 66, Time Warner Cable, ADP, Sony, Cigna, Air Products & Chemicals, LinkedIn  

 

FRIDAY (5/1)

  • 10:00 AM ET – ISM Index - Apr
  • 10:00 AM ET – Construction Spending - Mar
  • 9:55 AM ET - Michigan Sentiment - Apr
  • 2:00 PM ET – Auto Sales – Apr
  • China Manufacturing PMI
  • Australia PPI
  • Great Britain Manufacturing PMI
  • Chinese and many European banks will be closed in observance of Labor Day
  • Earnings: Chevron, CVS, Duke Energy, TransCanada