Microsoft, Visa, First Republic, Amazon, Exxon Mobil and more stocks to watch this week
The first-quarter earnings season picks up this week, by about 170
S&P 500
firms scheduled to report, including many of the largest companies in the market. Economic releases will include data on business and consumer spending, plus an early look at gross domestic product statistics for the first quarter.
Wednesday will bring results from American Tower, Boeing
,
eBay
,
Meta platforms
,
and Thermo Fisher Scientific
.
Amazon
.
no, Caterpillar
,
Comcast
,
Eli Lilly
,
Intel, MasterCard
,
Newmont and T-Mobile US report Thursday, then Charter Communications
,
Chevron
,
and Exxon Mobil closes the week on Friday.
On Thursday, the Bureau of Economic Analysis will release its preliminary estimate for first-quarter gross domestic product growth. It is expected to show a seasonally adjusted annual growth of 1[ads1].8%, after a 2.1% increase for the whole 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 spending for March on Friday.
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Monday 24/4
Ameriprise Financial
,
Brown & Brown
,
Cadence design systems
,
Coca-Cola and First Republic Bank release earnings.
Tuesday 25/4
3M, Alphabet, Biogen
,
Chubb
,
Danaher, Dow, General Electric, General Motors, Halliburton
,
Kimberly-Clark
,
McDonald’s, Microsoft, Moody’s, MSCI, NextEra Energy
,
PepsiCo, Raytheon Technologies, Texas Instruments, United Parcel Service, Verizon Communications and Visa report quarterly results
The Census Bureau reports home sales data for March. Economists estimate a seasonally adjusted annual rate of 632,000 new detached homes sold, somewhat fewer than in February.
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Conference Board launches its Consumer Confidence Index for April. The consensus estimate is for a 104.1 reading, about even with the March data.
S&P CoreLogic releases its Case-Shiller National Home Price Index for February. The expectation is that house prices will remain at the same level from year to year. Early 2012 was the last time the index did not show an annual increase.
Wednesday 26/4
American Tower, automatic data processing
,
Boeing, Boston Scientific
,
CME Group
,
eBay, Edwards Lifesciences
,
General dynamics
,
Humana
,
Meta Platforms, Norfolk Southern
,
Old Dominion Freight Line
,
Pioneer Natural Resources
,
Service Now
,
and Thermo Fisher Scientific announces 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 27/4
Bureau of Economic Analysis releases its preliminary estimate for first-quarter gross domestic product growth. The consensus call is for GDP to have grown at a seasonally adjusted annual rate of 1.8%, after an increase of 2.6% in the fourth quarter, and 2.1% for all of 2022.
AbbVie
,
Altria Group
,
Amazon.com, Amgen
,
Bristol Myers Squibb
,
Capital One Financial
,
Caterpillar, Comcast, Eli Lilly, Gilead Sciences
,
Hershey, Honeywell International
,
Intel, International Paper
,
Mastercard, Merck, Mondelez International
,
Newmont, Northrop Grumman
,
S&P Global and T-Mobile US hold conference calls to discuss quarterly results.
Friday 28/4
Charter Communications, Chevron, Colgate-Palmolive
,
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and Exxon Mobil publishes earnings.
This is reported by BEA personal income and expenditure for March. Revenue is estimated to increase by 0.2% month-on-month, while expenses fall by 0.1%. This compared with gains of 0.3% and 0.2% respectively in February. The core price index for personal consumption is expected to increase by 4.5% from the previous year, one tenth of a percentage point less than previously.
Write to Nicholas Jasinski at nicholas.jasinski@barrons.com
