With just a few business days left in April and the first quarter earnings season halfway through, the stock market is bracing for another week of lively news.revenue from apple ((AAPL)), Amazon.com (AMZN), the name of a major pharmaceutical company or biotech. pfizer (PFE), Merck (MRK) and amgen (AMGN) is scheduled. It will be an important week for the e-commerce sector. eBay (ebay), PayPal (PYPL) and Etsy (ETSY) is on the list. And the Federal Reserve’s policy meeting underscores a busy week for those following economic data.
X
Stocks to watch: 5 stocks showing strength
Now’s the time to start building a watchlist that doesn’t just include tech stocks. Dell Technologies (Dell) and data dog (DDOG) indicates positive behavior.The same goes for chip boulders. Nvidia (NVDA), uranium play Cameco (CCJ) and retail giant walmart (WMT). Some of these are flashing early entries or pullback entries, primarily within the base. Nvidia has crossed the 50-day line and is right back at the entrance of the trend line. Cameco is trading below its cup-with-handle buy point of 50.43. Datadog is about 6% below its flat-based buy point of 138.61. As of Friday’s close, Walmart’s flat base buy point is 61.66. Most companies have shown some relative strength in a difficult market environment.
Prepare well: Big Econo Week
Economic news will be in the headlines next week. The Fed will issue a policy update on Wednesday. The stakes have fallen significantly since April 16, when Fed Chairman Jerome Powell effectively dashed hopes of cutting interest rates by July. Even that is a long way off. However, the Fed is expected to confirm plans to reduce the pace of balance sheet outflows as Treasury securities and mortgage securities mature. Friday’s March jobs report comes after a series of strong results, but it would take a pretty big mistake to change the outlook. The Fed’s employment cost index, the Fed’s main measure of wage growth, will be released on Tuesday. The pace seen in the fourth quarter is expected to continue to moderate.
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Pay attention to Apple iPhone sales
Apple, the consumer electronics giant, will announce its second quarter results after the stock market closes on Thursday. Investors will likely be scrutinizing the company’s iPhone sales, especially amid reports of weak demand in China. The company’s services business is expected to see positive signs in the March quarter. Analysts expect Apple to report revenue of $90.3 billion and earnings of $1.50 per share. This represents a 1% decline in profits and a 5% decline in sales compared to the previous year. Analysts expect Apple to return to growth in the June quarter. Additionally, the analyst will be interested to know his Apple comments regarding the first quarter of Apple Vision Pro headset sales. Apple stock has fallen 12% since the beginning of the year and is on track for its first decline in four months.
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Dow’s fierce momentum
As well as reports from Apple, Merck and Amgen. coca cola (KO), mcdonalds (MCD) and 3M (Hmmm). Coca-Cola and 3M are both aiming for a breakout ahead of earnings. By the end of this week, two-thirds of his benchmark constituents are expected to complete their first quarter check-in.
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Amazon will report first-quarter earnings after the market closes on Tuesday. Analysts expect sales to rise 12% to $142.6 billion, according to FactSet. Analysts are targeting earnings to rise 170% to 84 cents per share. Investors will focus on Amazon Web Services’ cloud computing achievements. The company’s revenue is expected to increase 15% year-on-year to $24.6 billion, accelerating for the second consecutive quarter after several slumps due to sluggish corporate IT spending.rear meta platform (META) raised its capital spending guidance last week, so investors will also be keeping an eye on Amazon’s AI-related costs.
Pharma/Biotech: A big week for big pharma
Biopharmaceutical giant Pfizer, GSK (GSK) and Amgen are scheduled to report first-quarter earnings next week. Pfizer and GSK lead in releases before the market opens on Wednesday. Analysts expect strong launches for the company’s respiratory syncytial virus vaccines Abrysvo and Arexvy. Amgen will follow suit after the stock market closes on Thursday. Profits are expected to be flat or lower for all three companies. Pfizer’s stock is estimated to have fallen 70%.Diabetes and Weight Loss Giant Eli Lilly (LLY) and novo nordisk (NVO) will report first-quarter earnings on Tuesday and early Thursday, respectively. Lilly’s revenue is expected to soar by 52%.
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PayPal will report first-quarter earnings on Tuesday. Analysts expect single-digit EPS and sales growth. PayPal stock is looking solid in 2024 as new CEO Alex Criss looks to reignite growth. EBay and rival Etsy will report first-quarter earnings later Wednesday. EBay’s forecast is for a single-digit increase. Etsy’s goal is for EPS to increase by 8% and revenue to decrease by 1%. EBay ends his 10 week support on a flat basis. The stock is up 19% since the beginning of the year.
Stock market returns overview
Monday
domino pizza (DPZ) will report first-quarter results early Monday morning. FactSet analysts expect earnings to rise 16% to $3.39 per share and revenue to rise 5.4% to $1.08 billion. The stock is rebounding from 10-week support.
Tuesday
super microcomputer (SMCI) will report its third quarter results after the stock market closes on Tuesday. Wall Street expects the data center specialist’s March quarter sales to rise 211% to $3.99 billion, with earnings per share of $5.80, up 256% from a year ago. The stock is up 197% this year, and the stock has come back from its highs.
Advanced Micro Devices (AMD) will release first-quarter results later Tuesday. Analysts expect the company to report earnings of 62 cents a share on revenue of $5.48 billion. In the same period last year, AMD earned 60 cents per share on revenue of $5.35 billion.
Starbucks (SBUX) will release its second quarter report later Tuesday. FactSet expects earnings growth to slow for the second straight quarter, rising 8.1% to 80 cents a share. Sales growth has slowed for the fourth straight quarter, with sales expected to rise 4.7% to $9.13 billion.
Wednesday
master Card (MA) is expected to report first-quarter earnings of $3.25 per share, up 16%, on revenue of $6.34 billion, up 10.3%, to be announced early Wednesday. The results would mark the second consecutive quarter of slowing profit growth. The stock is up 8% so far this year.
Thursday
cyber ark (CYBR) will report first-quarter earnings early Thursday. Analysts expect adjusted earnings of 28 cents a share, compared with a loss of 17 cents a year ago. Sales are expected to increase 32% to $213.4 million. Cyber ​​Ark sells his identity and access management tools. The company will host an investor day on May 21st.
Brock Square’s owner (SQ) will report first-quarter earnings after the stock market closes on Thursday. Analysts expect adjusted EPS to rise 80%. Revenue is expected to increase by 17%, including Cash App transactions for the digital cryptocurrency Bitcoin. Gross profit, another important indicator, is pegged at $2.02 billion.
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