Read the key events to monitor for the week which starts on April 19, 2021.
Earnings season gets into full swing in the week ahead, with a broad swath of corporate America reporting results. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear from a broad swath of corporate America.
So far, earnings growth for the S&P 500 is 30.2%, based on actual reports and estimates, making it the best quarter since the third quarter of 2010, according to FactSet. With one week in, companies are beating earnings estimates by a wide margin of more than 84%, according to Refinitiv. The key focus will be on profit margins, and whether rising costs are pressuring profits and suggesting a build-up of inflation in the economy.
There is little data but focus will be on jobless claims after a surprise decline in Thursday’s report. On the monetary policy front we have Bank of Canada interest rates decision on Wednesday and ECB decision on Thursday.
WEEKLY CALENDAR
Monday
EarningsCoca-Cola, IBM, United Airlines, Zions Bancorp, FNB, Steel DynamicsMacroJapan: Japanese Trade Balance
China: People's Bank of China Loan Prime Rate Decision
Tuesday
EarningsJohnson & Johnson, Travelers, Procter and Gamble, Netflix, Abbott Labs, CSX, Lockheed Martin, Intuitive Surgical, Tenet Healthcare, Philip Morris, Northern Trust, Fifth Third, KeyCorp, ComericaMacroUK: Unemployment Rate
Germany: Producer Price Index (PPI)
Wednesday
EarningsVerizon, Chipotle, Whirlpool, Nasdaq, Baker Hughes, Anthem, Netgear, Spirit Airlines, Canadian Pacific Railway, Lam Research, Discover Financial, SLM, Halliburton, Knight-Swift TransportationMacroUK: Unemployment Rate
Germany: Producer Price Index (PPI)
U.K: Consumer Price Index (CPI)
Monetary PolicyBank of Canada Monetary Policy Report and Interest Rate Decision
Thursday
EarningsAT&T, Intel, D.R. Horton, American Airlines, Union Pacific, Alaska Air, Pentair, Tractor Supply, Celanese, Seagate Technology Biogen, Dow, Credit Suisse, SAP, Boston Beer, Mattel, Snap, Valero Energy, Freeport-McMoRan, Quest DiagnosticsMacroUS: Initial jobless claims, Existing home sales
Japan: Core CPI
Monetary PolicyEU: European Central Bank Monetary Policy Statement and Interest Rate Decision
Friday
EarningsAmerican Express, Honeywell, Daimler, Regions Financial, Schlumberger, Kimberly-ClarkMacroUS: Preliminary Manufacturing PMI, Services PMI, New home sales
UK: Retail Sales, Preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs)
EU: French Preliminary Manufacturing and Services (PMIs), German Preliminary Manufacturing and Services (PMIs), Eurozone Preliminary Manufacturing and Services (PMIs)
Sources: CNBC, Investopedia / Markit