Post by Dave on Apr 19, 2021 1:50:56 GMT -8
Good morning and welcome to a new week. We are starting this new week with a green pre-market of +$0.10 at the moment. Green is good.
What To Expect In The Markets This Week
What To Expect In The Markets This Week
Sunday, April 18:
Japanese Trade Balance (March)
Monday, April 19:
People's Bank of China Loan Prime Rate Decision
Canadian Housing Starts (March)
Tuesday, April 20:
Netflix (NFLX) and United Air Lines (UAL)
U.K. Unemployment Rate (February)
U.K. Unemployment Claimant Count Change (March)
Germany Producer Price Index (PPI) (March)
Wednesday, April 21:
Market Holiday in Brazil for Tiradentes Day and in India for Ram Navami.
U.K. Consumer Price Index (CPI) (March)
Canadian CPI (March)
Bank of Canada Monetary Policy Report and Interest Rate Decision
Thursday, April 22:
AT&T (T), American Airlines (AAL), Snap (SNAP)
European Central Bank Monetary Policy Statement and Interest Rate Decision
U.S. Existing Home Sales (March)
Japanese Core CPI (March)
Friday, April 23:
U.K. Retail Sales (March)
U.K. Preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs) (April)
French Preliminary Manufacturing and Services (PMIs) (April)
German Preliminary Manufacturing and Services (PMIs) (April)
Eurozone Preliminary Manufacturing and Services (PMIs) (April)
U.S. New Home Sales (March)
U.S. Preliminary Manufacturing and Services (PMIs) (April)
Earnings Watch
So far so good for corporate report cards. As of Friday, 88% of companies that have reported earnings have beaten their 1Q 2021 earnings per share (EPS) estimates by an average of 22%, according to the Earnings Scout. Companies usually beat their forecasts — that's the little game they like to play with analysts — but typically only by 3% to 6%.
Next week we'll get results from around 200 companies, including United Airlines. Delta told us this past week that business bookings look really strong for the fall. Is United feeling those friendly skies?
We'll also hear results from Netflix. 2020 was the first year Netflix's dominance was challenged by the likes of Disney+ and other streaming foes. The company usually responds to challenges by pumping billions of dollars into new content, and then raising prices to pay for it. That's worked in the past, but there are a lot more options today than in Netflix's glory years.
Housing Watch
We'll also get key reports on the U.S. housing market next week with existing home sales on Thursday and new home sales and construction permits on Friday. The average single-family home in the U.S. has seen its value rise by an average of 17% in the past year, according to Redfin. Some cities like Austin have seen prices rise by 50%.
At the same time, there is an incredible housing shortage in the U.S., with only slightly more than 1 million homes available for sale, according to the National Association of Realtors (NAR). Lumber prices are up 60% in the past 12 months, so we have a classic supply and demand problem in the housing market, and no signs of it abating anytime soon.
Japanese Trade Balance (March)
Monday, April 19:
People's Bank of China Loan Prime Rate Decision
Canadian Housing Starts (March)
Tuesday, April 20:
Netflix (NFLX) and United Air Lines (UAL)
U.K. Unemployment Rate (February)
U.K. Unemployment Claimant Count Change (March)
Germany Producer Price Index (PPI) (March)
Wednesday, April 21:
Market Holiday in Brazil for Tiradentes Day and in India for Ram Navami.
U.K. Consumer Price Index (CPI) (March)
Canadian CPI (March)
Bank of Canada Monetary Policy Report and Interest Rate Decision
Thursday, April 22:
AT&T (T), American Airlines (AAL), Snap (SNAP)
European Central Bank Monetary Policy Statement and Interest Rate Decision
U.S. Existing Home Sales (March)
Japanese Core CPI (March)
Friday, April 23:
U.K. Retail Sales (March)
U.K. Preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs) (April)
French Preliminary Manufacturing and Services (PMIs) (April)
German Preliminary Manufacturing and Services (PMIs) (April)
Eurozone Preliminary Manufacturing and Services (PMIs) (April)
U.S. New Home Sales (March)
U.S. Preliminary Manufacturing and Services (PMIs) (April)
Earnings Watch
So far so good for corporate report cards. As of Friday, 88% of companies that have reported earnings have beaten their 1Q 2021 earnings per share (EPS) estimates by an average of 22%, according to the Earnings Scout. Companies usually beat their forecasts — that's the little game they like to play with analysts — but typically only by 3% to 6%.
Next week we'll get results from around 200 companies, including United Airlines. Delta told us this past week that business bookings look really strong for the fall. Is United feeling those friendly skies?
We'll also hear results from Netflix. 2020 was the first year Netflix's dominance was challenged by the likes of Disney+ and other streaming foes. The company usually responds to challenges by pumping billions of dollars into new content, and then raising prices to pay for it. That's worked in the past, but there are a lot more options today than in Netflix's glory years.
Housing Watch
We'll also get key reports on the U.S. housing market next week with existing home sales on Thursday and new home sales and construction permits on Friday. The average single-family home in the U.S. has seen its value rise by an average of 17% in the past year, according to Redfin. Some cities like Austin have seen prices rise by 50%.
At the same time, there is an incredible housing shortage in the U.S., with only slightly more than 1 million homes available for sale, according to the National Association of Realtors (NAR). Lumber prices are up 60% in the past 12 months, so we have a classic supply and demand problem in the housing market, and no signs of it abating anytime soon.