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Key economic reports to be released in the coming weeks include global PMI, first quarter GDP statistics, durable goods orders report, new home sales and more. At the end of the week, trends in core PCE inflation will be of high interest to Fed watchers, especially FOMC members during the blackout ahead of their May meeting. Carl Riccadonna, chief economist at BNP Paribas, said a rate hike in July is unlikely if inflationary pressures prove to persist further, but a positive supply shock could support economic activity without increasing inflationary pressures. I think it should continue to provide tailwinds. At the time of publication of this article, futures trading suggests that the probability of a rate cut occurring at or before the July meeting is 42%.
In terms of corporate profits, Tesla (NASDAQ:TSLA), Visa (V), Merck (MRK), Microsoft (MSFT), Alphabet (GOOG), and Meta (META) all line up in the report. Exxon Mobil (XOM), Chevron (CVX), Total Energy (New York Stock Exchange:TTE) listed in the earnings calendar. The defense industry is also heavily involved, with updates expected from Lockheed Martin (LMT), Northrop Grumman (NOC), and his RTX (RTX). Seeking Alpha analyst Amrita Roy takes a deep dive into the revenue deluge, explaining the breakdown of his software sector and why AI and vendor integration are key themes to watch. Meanwhile, investment group leader Lawrence Fuller said the percentage of stocks trading above their 50-day moving average has declined, indicating a potential buying opportunity for investors. did.
Earnings Spotlight: Monday, April 22nd – Verizon (VZ), Twist (TFC)), and Albertsons Companies (ACI). See the complete earnings calendar.
Earnings Spotlight: Tuesday, April 23rd – Visa (V), Tesla (TSLA), PepsiCo (PEP), Texas Instruments (TXN), Philip Morris International (PM), UPS (UPS), Lockheed Martin (LMT), Mattel (MAT), General Motors (GM) ). View our detailed earnings calendar.
Earnings Spotlight: Wednesday, April 24th – Meta Platform (META)), IBM (IBM), AT&T (T), Boeing (BA),chipotle pepper(CMG), general dynamics (GD), Hilton Worldwide (HLT), Ford Motor (F). See the complete earnings calendar.
Earnings Spotlight: Thursday, April 25th – Microsoft (MSFT), Alphabet (GOOG), Merck (MRK), Caterpillar (CAT), Comcast (CMCSA), Intel (INTC), and Altria Group (MO). View our detailed earnings calendar.
Earnings Spotlight: Friday, April 26th – TotalEnergies (TTE), Exxon Mobil (XOM), AbbVie (ABBV), Chevron (CVX), and Colgate-Palmolive (CL). View our detailed earnings calendar.
Volatility Watch: Options trading volume is increasing on Snap (New York Stock Exchange: Snap) and Summit Therapeutics (SMMT). Short interest in B. Riley Financial (RILY) and Beyond Meat (BYND) rose further last week. The most overbought stocks based on the 14-day Relative Strength Index include Macatawa Bank (MCBC), Coupang (CPNG), and Alpine Immune (ALPN). The most oversold stocks based on the 14-day relative strength index include Sunoco (SUN), Capri Holdings (New York Stock Exchange:CPRI), Perion (PERI). Traders will likely remain on high alert when the FTC holds a closed-door meeting on April 22nd.New York Stock Exchange:TPR)-Capri Holdings (CPRI) deal is at risk of being blocked.
IPO watch: Companies expected to launch IPOs within the next week include mF International (MFI), YY Group Holding (YYGH), Rubrik (RBRK), Marex Group, and Loar Holdings (LOAR). . His IPO quiet period ends for Boundless Bio (BOLD), U-BX Technology (UBXG), and Alta Global Group (MMA), allowing analysts to post ratings.
Dividend Watch: Companies expected to increase their quarterly dividends include Parker Hannifin (PH) between $1.48 and $1.65, Lithium Motors (LAD) between $0.50 and $0.55, and Nasdaq (NDAQ) between $0.22 and $0.24. , Paychex (PAYX) from $0.89 to $0.97, and RTX. Corp. (RTX) from $0.59 to $0.63. See the dividend stocks picked by Seeking Alpha analysts.
Tesla earnings preview: Tesla (TSLA) is scheduled to report first-quarter earnings on April 23rd. The electric car manufacturer has already announced that in the same quarter he delivered 386,810 vehicles and produced 433,371. Deliveries were below consensus expectations, which had already been significantly lowered. First-quarter Model 3/Y production was 412,376 units compared to consensus estimates of 439,194 units. In comparison, Tesla delivered a total of 484,507 vehicles in the fourth quarter, compared to 422,875 in the first quarter of the same period last year. Tesla is expected to report $22.5 billion in revenue and $0.50 EPS in its first quarter report, but the biggest focus may be on the car’s gross profit line. The company approaches its fiscal year end with many concerns. When Elon Musk visits New Delhi next week, he will announce an investment of $2 billion to $3 billion in a new factory in India, give an update on demand forecasts in China and announce large-scale layoffs at the company. is expected to explain the rationale behind it. Key topics during the conference will include AI efforts, margin expectations, FSD take rate, and what the product roadmap will look like, including whether a mass-market Model 2 is still in the master plan. It’s planned. Elon Musk is likely to talk about the potential of a robotaxi business, but Morgan Stanley has warned investors to temper their expectations. “This event provides some important clues about how Tesla approaches autonomy (artificial intelligence, non-rules-based) and why the company appears to be amassing computing power rapidly. However, although we are ready to see evidence that the effectiveness of the system is improving, we are ultimately on the path to large-scale commercialization of self-driving cars. “We think it’s much further away than the market expects,” analyst Adam Jonas warned. Tesla options trading suggests the stock could move 10% after the report decline. Tesla fell 12% immediately after announcing its fourth quarter results. The EV stocks with the strongest correlation with Tesla after earnings are Faraday Future Intelligent (FFIE) and NIO (NIO).
Investor events: Total Energy (TTE)’s board of directors will decide whether to include a resolution to split the roles of CEO and chairman at its annual general meeting in May. Investor groups say the move could accelerate the company’s transition away from fossil fuels. The cryptocurrency industry is paying close attention to the two-day World Blockchain Summit in Dubai. At the Stripe Sessions Conference, Stripe (STRIP) CEO Patrick Collison, Nvidia (NVDA) CEO Jensen Huang, Instacart (CART) CEO Fidji Simo, and Urban Outfitters (URBN) CTO A lecture will be given by Mr. David Hayne. Volkswagen (OTCPK:VLKAF) will hold China Capital Markets Day in Beijing. Executives from regional brands will introduce their respective product strategies in China, followed by detailed explanations focused on technology and partnerships. This week’s World Energy Congress in Rotterdam will feature speeches from Amin Nasser, CEO of Saudi Aramco (ARMCO), and Patrick Pouyanne, CEO of Total Energies (TTE). ing.
Focus on Chinese cars: Next week’s Beijing Motor Show will be a hot spot, with many of China’s electric car manufacturers in the spotlight. NIO (NIO) will be showcasing its full lineup of 2024 models, including the debut of the 2024 ET5 and 2024 ES7. BYD Company (OTCPK: BYDDF) will also promote his three new models of the premium Fang Cheng Bao brand that the company recently launched. Joint venture company Changan Mazda will unveil a new electric mid-size sedan, BMW Group (BMWW) will bring the new i4 and Mini Aceman to the show, and Geely Automobile (OTCPK:GELYF) will unveil the flagship SUV of its Galaxy lineup. . Zeekr and Mercedes-Benz (OTCPK:MBGAF) are also hoping their models will create a buzz in Beijing. American automakers General Motors (GM) and Ford (F) will participate in the show. General Motors (GM)’s “Cadillac Optique” will be unveiled for the first time in China. Ahead of the show, XPeng (XPEV)’s expanded partnership with Volkswagen (OTCPK:VLKAF) has garnered considerable attention, and Xiaomi (OTCPK:XIACF) has reported stronger than expected buyer interest in its debut EV model. It is reported that it shows. Outside of the auto industry, Samsung Electronics (OTCPK:SSNLF) will make its first appearance at the Beijing Auto Show. The South Korean electronics giant will unveil cutting-edge memory solutions designed for the future of automobiles.
