First-quarter earnings season ramps up this week, with some 170
firms scheduled to report, including many of the largest companies on the market. Economic releases will include data on business and consumer spending, plus an early look at first-quarter gross domestic product statistics.
Wednesday will bring results from American Tower,
Boeing
,
eBay
,
and
Amazon
.
com,
Comcast
,
Intel,
Newmont, and
report on Thursday, then
Chevron
,
and
close the week on Friday.
On Thursday, the Bureau of Economic Analysis will release its preliminary estimate of first-quarter gross-domestic-product growth. That’s expected to show a seasonally adjusted annual rate of growth of 1.8%, following a 2.1% increase for all of 2022.
Other notable economic data coming out 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 the BEA’s personal income and outlays for March on Friday.
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Monday 4/24
Coca-Cola, and First Republic Bank release earnings.
Tuesday 4/25
3M, Alphabet,
Biogen
,
Chubb
,
Danaher, Dow, General Electric, General Motors,
McDonald’s, Microsoft, Moody’s, MSCI,
PepsiCo, Raytheon Technologies, Texas Instruments, United Parcel Service, Verizon Communications, and Visa report quarterly results
The Census Bureau reports residential sales data for March. Economists forecast a seasonally adjusted annual rate of 632,000 new single-family homes sold, slightly fewer than in February.
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The Conference Board releases its Consumer Confidence Index for April. Consensus estimate is for a 104.1 reading, roughly even with the March data.
S&P CoreLogic releases its Case-Shiller National Home Price Index for February. Expectations are for home prices to be flat year over year. Early 2012 was the last time the index didn’t show an annual increase.
Wednesday 4/26
American Tower,
Boeing,
eBay,
Humana
,
Meta Platforms,
and Thermo Fisher Scientific announce earnings.
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The Census Bureau releases the durable goods report for March. New orders for manufactured durable goods are expected to increase 0.7% month over month to a seasonally adjusted $270 billion.
Thursday 4/27
The Bureau of Economic Analysis releases its preliminary estimate of first-quarter gross-domestic-product growth. The consensus call is for GDP to have grown at a seasonally adjusted annual rate of 1.8%, following a 2.6% increase in the fourth quarter, and 2.1% for all of 2022.
AbbVie
,
Amazon.com,
Amgen
,
Caterpillar, Comcast, Eli Lilly,
Hershey,
Intel,
Mastercard, Merck,
Newmont,
…
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