Breaking News
Black Friday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Economic Calendar - Top 5 Things to Watch This Week

EconomyApr 25, 2021 05:42AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Jesse Cohen

Investing.com - Market participants are bracing for heightened volatility as the coming week will be dominated by several market-moving events, including a deluge of earnings news, and the Federal Reserve's monetary policy meeting.

There is also important first quarter U.S. growth data this week, which should lend further support to the notion that the economy is continuing to recover from its virus-related slowdown.

New spending and tax proposals from the White House will also be in focus.

Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.

1. FAAMG + Tesla TSLA Earnings

There are about 180 S&P 500 companies, including 10 Dow components, reporting corporate results in what will be the busiest week of the first quarter earnings season on Wall Street.

Most of the focus will be on the five big-name mega-cap tech companies - Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Google-parent Alphabet (NASDAQ:GOOGL) - collectively known as the ‘FAAMG’ group of stocks.

All five are set to enjoy another quarter of blockbuster earnings and sales growth, given their growing dominance in the tech space.

Software and cloud giant Microsoft and internet search titan Google are both expected to release their latest numbers on Tuesday after the markets close.

Tech and consumer electronics conglomerate Apple and social media company Facebook then follow with their respective earnings after the bell on Wednesday.

E-commerce and cloud behemoth Amazon is slated to release Q1 results after the market closes on Thursday.

Meanwhile, Tesla (NASDAQ:TSLA) - the sixth most valuable company listed on the New York Stock Exchange - reports on Monday.

Some of other high-profile tech names reporting this week are Advanced Micro Devices (NASDAQ:AMD), Twitter (NYSE:TWTR), Pinterest (NYSE:PINS), Shopify (NYSE:SHOP), eBay (NASDAQ:EBAY), Qualcomm (NASDAQ:QCOM), and Texas Instruments (NASDAQ:TXN).

2. Boeing, Caterpillar , GE Highlight Blue Chip Earnings

Staying on the earnings front, a diverse group of blue chips, such as Boeing (NYSE:BA), Caterpillar (NYSE:CAT), General Electric (NYSE:GE), 3M Company (NYSE:MMM), Visa (NYSE:V), Mastercard (NYSE:MA), and United Parcel Service (NYSE:UPS) will also report their latest quarterly results this week.

Q1 reports from restaurant operators McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX), and Domino’s Pizza (NYSE:DPZ) are also on the agenda, as are corporate results from automakers Ford Motor Company (NYSE:F), and Nio (NYSE:NIO).

Pharmaceutical companies, like AstraZeneca (NASDAQ:AZN), Merck (NYSE:MRK), Bristol-Myers Squibb (NYSE:BMY), and Gilead Sciences (NASDAQ:GILD) are all on the docket as well.

Finally, Big Oil majors, ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), are both set to round up the week when they release their latest earnings on Friday.

The Q1 corporate earnings season has gotten off to a strong start, with 86% of companies reporting earnings beats so far, according to Refinitiv.

3. Federal Reserve Rate Decision

The Federal Reserve is not expected to take any action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET on Wednesday, keeping it in a range between 0.0%-0.25%.

Fed Chair Jerome Powell will hold what will be a closely watched press conference 30 minutes after the release of the Fed's statement.

Powell is widely expected to defend the central bank’s policy of letting inflation rise above its 2% target, reiterating his message that the recent pick-up in prices is seen as temporary.

4. U.S. Advanced Q1 GDP

Investors will keep an eye on a preliminary reading of first quarter U.S. gross domestic product (GDP) for fresh clues on the strength of the economy.

The data is expected to show the economy expanded at an annual rate of 6.5% in the January-March period, accelerating from growth of 4.3% in the previous quarter.

The report is due at 8:30AM ET Thursday.

5. U.S. PCE Inflation Data

The Commerce Department will publish data on personal income and spending for March, which include the personal consumption expenditures (PCE) inflation figures, at 8:30AM ET Friday.

The consensus forecast is that the report will show that the core PCE price index - the Fed's preferred metric for inflation - inched up 0.3%, after rising by 0.1% a month earlier.

On an annualized basis, core PCE prices are expected to rise 1.8%.

The U.S. central bank uses core PCE as a tool to help determine whether to raise or lower interest rates, with the aim of keeping inflation at a rate of 2% or below.

Other top-tier economic data due this week includes the CB consumer confidence report, initial jobless claims, durable goods orders, and pending home sales.

Beyond the economic calendar, investors will also keep an eye for any fresh headlines surrounding U.S. President Joe Biden’s infrastructure spending package and tax proposals.

Biden is expected to detail his “American Families Plan” and the tax hikes to pay for it, including a much higher capital gains tax for the rich, when he addresses a joint session of Congress Wednesday evening.

-- Reuters contributed to this report

Economic Calendar - Top 5 Things to Watch This Week
 

Related Articles

Euro zone bond yields drop as COVID variant sows fear
Euro zone bond yields drop as COVID variant sows fear By Reuters - Nov 26, 2021

By Abhinav Ramnarayan and Dhara Ranasinghe LONDON (Reuters) -Euro zone government bond yields dropped sharply across the board on Friday as investors reacted to a newly identified...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (11)
Jack Seeley
Jack Seeley Apr 25, 2021 9:20PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden too liberal even AOC is surprised..that spells disaster..XL..border.. drilling permits..tax & spend= a big future mess!
Dave Jones
Dave Jones Apr 25, 2021 1:35PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Amazing how much of the USA economy is based on advertising. That's how Facebook and Google are meant to make their money!
Paseka Mokoena
Paseka Mokoena Apr 25, 2021 10:56AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
👍🏽
Leon Kelly
Leon Kelly Apr 25, 2021 10:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Monday and Tuesday will be Green and then Powell will wreck the party on Wednesday
NO BO
NO BO Apr 25, 2021 10:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
alae midou
alae midou Apr 25, 2021 10:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
hi mate
Bright Muchena
Bright Muchena Apr 25, 2021 10:30AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
as Biden releases bulls Technically, we're looking an a small pull back as we go for 17-18000
Joseph Guerriero
Joseph Guerriero Apr 25, 2021 10:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden will prove to be a nightmare for the economy and the market.
David Garcia
David Garcia Apr 25, 2021 8:03AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thursday looks like a red candle to me after President Biden's session at the Congress.
michael engel
michael engel Apr 25, 2021 7:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
IWM weekly under the Mar 15 Harami for five weeks.
michael engel
michael engel Apr 25, 2021 7:02AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
NDX weekly : a Harami candle, an inside bar. A bearish divergence at stall altitude of 14,000. NDX might reach a new all time high at about 17,000, but ifirst NDX it need a break
Aniefiok Afangide
Aniefiok Afangide Apr 25, 2021 6:58AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Noted
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email