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What to expect in the week ahead (BAC, JNJ, LMT, PG)

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Moomoo Breakfast US wrote a column · Apr 18, 2022 08:58
What to expect in the week ahead (BAC, JNJ, LMT, PG)
Weekly market recap
Despite some better-than-expected results, investors sold stocks last week as they feared higher rates and inflation could darken the outlook for earnings. The $S&P 500 Index (.SPX.US)$ fell 2.13% for its second negative week in a row. The $Nasdaq Composite Index (.IXIC.US)$ lost 2.63%, and the $Dow Jones Industrial Average (.DJI.US)$ fell 0.8% on the period. U.S. stocks did not trade Friday due to the holiday weekend.
The 10-year Treasury yield last week touched the highest levels in three years above 2.83%, which is weighing on stocks.
What to expect in the week ahead (BAC, JNJ, LMT, PG)
Sectors performance
Source: finviz
Source: finviz
source: finviz
source: finviz
The week ahead in focus
First-quarter earnings season begins this week, with 67 S&P 500 companies scheduled to report. $Bank of America (BAC.US)$ will be the highlight of Monday, followed by $Netflix (NFLX.US)$, $Johnson & Johnson (JNJ.US)$, $Lockheed Martin (LMT.US)$ and $IBM Corp (IBM.US)$ on Tuesday. $Tesla (TSLA.US)$, $Procter & Gamble (PG.US)$ and $United Airlines (UAL.US)$ reported Wednesday. $AT&T (T.US)$, $Dow Inc (DOW.US)$ and $American Airlines (AAL.US)$ run on Thursdays and $Verizon (VZ.US)$ and $American Express (AXP.US)$ close the week on Fridays.
What to expect in the week ahead (BAC, JNJ, LMT, PG)
This week's economic data will include several activity indicators and measures for the US housing market. The Conference Board releases the Leading Economic Index for March on Thursday and IHS Markit reports the Manufacturing and Service Purchasing Managers' Index for April on Friday.
The National Association of Home Builders will release its housing market index for April on Monday, the Census Bureau will report new residential construction data for March on Tuesday, and the National Association of Realtors will report existing-home sales for March on Wednesday.
What to expect in the week ahead (BAC, JNJ, LMT, PG)
Monday 4/18
Bank of America, Bank of New York Mellon, Charles Schwab, JB Hunt Transportation Services and Synchrony Financial report quarterly results.
National Association Home builders released their housing market index for April. The consensus estimate is for 77 readings, two points below the March figure. The index declined for three consecutive months as the rise in mortgage rates made homemakers less optimistic about the housing sector in general.
Tuesday 4/19
Netflix reports first quarter results after market close. Shares of the streaming pioneer fell 21.8% in late January, when the company said it expected to add just 2.5 million subscribers in the first quarter.
Citizen Financial Group, Fifth Third Bancorp, Halliburton, Hasbro, IBM, Johnson & Johnson, Lockheed Martin, Omnicom Group, Prologis, Signature Bank, Travelers and Truist Financial announced earnings.
Census Bureau New residential construction statistics report for March. Economists estimate a seasonally adjusted annual rate of 1.76 million privately owned housing, roughly even with the February figure, the highest since June 2006.
Wednesday 4/20
Abbott Laboratories, Anthem, ASML Holding, Baker Hughes, Crown Castle International, CSX, Equifax, Kinder Morgan, Lam Research, Nasdaq, Procter & Gamble and Tesla release quarterly results.
National Association Realtors reports current-home sales for March. Expectations are for a seasonally adjusted annual rate of sale of 5.77 million homes. If the estimates turn out to be correct, it will be the lowest total since June 2020.
Thursday 4/21
American Airlines Group, AT&T, Blackstone, Danaher, Dow, Freeport-McMoRan, Intuitive Surgical, Marsh & McLennan, NextEra Energy, Nucor, Philip Morris International, Snap, SVB Financial Group, Union Pacific and United Airlines Holdings for discussion Conference call. Earnings.
conference board releases its key economic index for March. The consensus estimate is for a 0.3% month-over-month increase to a reading of 120.3. The Conference Board is currently forecasting 3% gross-domestic-product growth for this year.
Friday 4/22
American Express, HCA Healthcare, Kimberly-Clark, Newmont, Region Financial, SAP, Schlumberger, and Verizon Communications report quarterly results.
Source: Finviz, Dow Jones Newswires, CNBC
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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