Post by Dave on Apr 26, 2021 1:36:52 GMT -8
Good morning. Apple will be reporting earnings this Wednesday April 28th. I have no doubt that the numbers will be good, but the question is as always, how will Mr. Market respond?
This morning’s pre-market is red at -$0.25 at the moment.
What to Expect in the Markets This Week
This morning’s pre-market is red at -$0.25 at the moment.
What to Expect in the Markets This Week
Monday, April 26:
Tesla (TSLA) Reports Earnings.
Market Holiday in New Zealand for ANZAC Day.
Germany Ifo Business Climate Index (April).
U.S. Durable Goods Orders (March).
Bank of Japan Interest Rate Decision.
Tuesday, April 27:
GE (GE), Alphabet (GOOGL), Microsoft (MSFT), and AMD (AMD) Report Earnings.
Market Holiday in South Africa for Freedom Day.
U.S. Conference Board Consumer Confidence Index (April).
U.S. S&P/CS Home Price Index (February).
Japanese Retail Sales (March).
Wednesday, April 28:
Apple (AAPL), Ford (F), Boeing (BA), Facebook (FB), and MGM Resorts International (MGM) Report Earnings.
German GFK Consumer Climate Index (May).
U.S. Goods Trade Blance (March).
U.S. Retail Inventories Excluding Autos (March).
U.S. Federal Reserve Interest Rate Decision.
Canadian Retail Sales (February).
Thursday, April 29:
Amazon (AMZN) and Nio (NIO)Report Earnings.
Market Holiday in Japan for Showa Day.
German Unemployment Rate (April).
U.S. Gross Domestic Product (GDP) (Q1).
U.S. Pending Home Sales (March).
Japanese Tokyo Core Consumer Price Index (CPI) (April).
Chinese Manufacturing and Non-Manufacturing Purchasing Managers' Indexes (PMIs) (April).
Friday, April 30:
ExxonMobil (XOM) Reports Earnings.
French GDP (Q1).
German GDP (Q1).
French Consumer Spending (March).
Spanish GDP (Q1).
Eurozone CPI (April).
Eurozone Unemployment Rate (March).
U.S. Core Personal Consumption Expenditure (PCE) Price Index (March).
U.S. Chicago PMI (April).
U.S. University of Michigan Consumer Expectations and Sentiment Index (April).
Canadian GDP Estimate (February).
Earnings-a-Palooza
Earnings are coming in much better than expected, and expectations were high. But it's the future outlooks that we care about more when these companies present their report cards.
Tesla reports on Monday, and while the electric vehicle maker is expected to show a doubling of sales of $10.48 billion, up from $5.99 billion a year ago, the company is under regulatory scrutiny for two recent fatal crashes involving the use of its Autopilot feature. CEO Elon Musk has defended the feature and safety of Tesla's vehicles, but investors will want more details. Tesla also has a very long position in Bitcoin, having added $1.5 billion of the cryptocurrency to its treasury last quarter. With Bitcoin's price in a tail-spin, it could have a material effect on its books.
FOMC Meeting
The Federal Open Market Committee (FOMC) of the Federal Reserve meets next Tuesday and Wednesday on interest rates and monetary policy. We should not expect the Fed to make any changes to the federal funds rate because it keeps telling us that will happen in 2023. Still, more FOMC members have tightened their timelines about when that should happen, given the strength of the economic recovery. Inflation is still lower than where the Fed would like it, even though almost everything we buy is more expensive today than it was six months ago. Investors will want to hear that the Fed will keep up its $120 billion of government bond purchases every month, which has laid a nice safety net under capital markets.
Personal Income and Spending
On Friday, we'll get reports on U.S. personal income and spending. Retail sales spiked last month as the first round of stimulus checks hit bank accounts. Another wave went out in the past two weeks. Are consumers putting that back into the economy, or are we still not ready to spend again like its 2019? We'll find out.
Tesla (TSLA) Reports Earnings.
Market Holiday in New Zealand for ANZAC Day.
Germany Ifo Business Climate Index (April).
U.S. Durable Goods Orders (March).
Bank of Japan Interest Rate Decision.
Tuesday, April 27:
GE (GE), Alphabet (GOOGL), Microsoft (MSFT), and AMD (AMD) Report Earnings.
Market Holiday in South Africa for Freedom Day.
U.S. Conference Board Consumer Confidence Index (April).
U.S. S&P/CS Home Price Index (February).
Japanese Retail Sales (March).
Wednesday, April 28:
Apple (AAPL), Ford (F), Boeing (BA), Facebook (FB), and MGM Resorts International (MGM) Report Earnings.
German GFK Consumer Climate Index (May).
U.S. Goods Trade Blance (March).
U.S. Retail Inventories Excluding Autos (March).
U.S. Federal Reserve Interest Rate Decision.
Canadian Retail Sales (February).
Thursday, April 29:
Amazon (AMZN) and Nio (NIO)Report Earnings.
Market Holiday in Japan for Showa Day.
German Unemployment Rate (April).
U.S. Gross Domestic Product (GDP) (Q1).
U.S. Pending Home Sales (March).
Japanese Tokyo Core Consumer Price Index (CPI) (April).
Chinese Manufacturing and Non-Manufacturing Purchasing Managers' Indexes (PMIs) (April).
Friday, April 30:
ExxonMobil (XOM) Reports Earnings.
French GDP (Q1).
German GDP (Q1).
French Consumer Spending (March).
Spanish GDP (Q1).
Eurozone CPI (April).
Eurozone Unemployment Rate (March).
U.S. Core Personal Consumption Expenditure (PCE) Price Index (March).
U.S. Chicago PMI (April).
U.S. University of Michigan Consumer Expectations and Sentiment Index (April).
Canadian GDP Estimate (February).
Earnings-a-Palooza
Earnings are coming in much better than expected, and expectations were high. But it's the future outlooks that we care about more when these companies present their report cards.
Tesla reports on Monday, and while the electric vehicle maker is expected to show a doubling of sales of $10.48 billion, up from $5.99 billion a year ago, the company is under regulatory scrutiny for two recent fatal crashes involving the use of its Autopilot feature. CEO Elon Musk has defended the feature and safety of Tesla's vehicles, but investors will want more details. Tesla also has a very long position in Bitcoin, having added $1.5 billion of the cryptocurrency to its treasury last quarter. With Bitcoin's price in a tail-spin, it could have a material effect on its books.
FOMC Meeting
The Federal Open Market Committee (FOMC) of the Federal Reserve meets next Tuesday and Wednesday on interest rates and monetary policy. We should not expect the Fed to make any changes to the federal funds rate because it keeps telling us that will happen in 2023. Still, more FOMC members have tightened their timelines about when that should happen, given the strength of the economic recovery. Inflation is still lower than where the Fed would like it, even though almost everything we buy is more expensive today than it was six months ago. Investors will want to hear that the Fed will keep up its $120 billion of government bond purchases every month, which has laid a nice safety net under capital markets.
Personal Income and Spending
On Friday, we'll get reports on U.S. personal income and spending. Retail sales spiked last month as the first round of stimulus checks hit bank accounts. Another wave went out in the past two weeks. Are consumers putting that back into the economy, or are we still not ready to spend again like its 2019? We'll find out.