This week’s first-quarter earnings season was up about 170
Standard & Poor’s 500
It is scheduled to report, including many of the largest companies in the market. The economic releases will include data on business and consumer spending, as well as an early look at first-quarter GDP statistics.
Wednesday will bring results from the US Boeing Tower
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ebay
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Meta platforms
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and Thermo Fisher Scientific
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Amazon
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com, caterpillar
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Comcast
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Eli Lilly
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Intel and MasterCard
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Newmont and T-Mobile report in the US on Thursday, then Charter Communications
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chevron
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ExxonMobil closed the week on Friday.
On Thursday, the Bureau of Economic Analysis will release its preliminary estimate of first-quarter GDP growth. This is expected to show a seasonally adjusted annual growth rate of 1.8%, following an increase of 2.1% for the full year of 2022.
Other notable economic data to be released this week will include the Conference Board’s Consumer Confidence Index for April on Tuesday, the Census Bureau’s Durable Goods report for March on Wednesday, and BEA’s personal income and expenses for March on Friday.
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Monday 4/24
Ameriprise Financial
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Brown and Brown
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Cadence Design Systems
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The Coca-Cola Company and First Republic Bank release earnings.
Tue 4/25
3M, Alphabet, Biogen
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Chubb
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Danaher, Dow, General Electric, General Motors, Halliburton
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Kimberly Clark
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McDonald’s, Microsoft, Moody’s, MSCI, NextEra Energy
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PepsiCo, Raytheon Technologies, Texas Instruments, United Parcel Service, Verizon Communications, and Visa all issue quarterly reports.
Census Bureau Residential sales reports for the month of March. Economists expect a seasonally adjusted annual rate of 632,000 new single-family homes sold, which is slightly lower than in February.
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Conference board The Consumer Confidence Index for April is released. The consensus estimate is for a reading of 104.1, roughly even with the March data.
S&P CoreLogic It topped the Case-Shiller National Home Price Index for February. The expectation is for housing prices to be flat on an annual basis. Early 2012 was the last time the index did not show a year-on-year increase.
Wed 26/4
American tower, automatic data processing
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Boeing, Boston Scientific
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CME Group
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eBay, Edwards Live Science
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general dynamics
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Humana
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Meta Pads, South Norfolk
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Old Dominion Shipping Line
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Pioneer Natural Resources
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service now
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and Thermo Fisher Scientific for their earnings.
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Census Bureau The durable goods report for March is released. New orders for manufactured durable goods are expected to increase 0.7% month over month to a seasonally adjusted $270 billion.
Thursday 4/27
Economic Analysis Office It releases its preliminary estimate of GDP growth in the first quarter. The consensus call is for GDP to grow at a seasonally adjusted annual rate of 1.8%, after a 2.6% increase in the fourth quarter, and 2.1% for the full year of 2022.
Apve
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Altria Group
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Amazon.com, Amgen
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Bristol-Myers Squibb
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Capital One Financial
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Caterpillar, Comcast, Eli Lilly, Gilead Sciences
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Hershey, Honeywell International Corporation
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Intel International Paper Corporation
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MasterCard, Merck, Mondelez International
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Newmont, Northrop Grumman
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S&P Global and T-Mobile US hold conference calls to discuss quarterly results.
Friday 4/28/
Charter Communications, Chevron, Colgate-Palmolive
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Exxon Mobil’s earnings.
BEA reports Personal income and expenses for the month of March. Income is expected to increase by 0.2% on a monthly basis, while spending is expected to decrease by 0.1%. This compared to gains of 0.3% and 0.2%, respectively, in February. The core PCE price index is expected to rise 4.5% from a year earlier, a tenth of a percentage point lower than the previous one.
write to Nicholas Jasinski at [email protected]
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