This will be the busiest week of the first quarter earnings season.
S&P500
The companies plan to publish the results. The latest employment statistics for April and decisions by the US Federal Reserve Board (FRB) will also be attracting attention.
The overwhelming expectation is that the Fed policy committee will leave the federal funds rate unchanged in its target range of 5.25% to 5.50% on Wednesday afternoon. Chairman Jerome Powell is likely to explain plans to slow the Fed's balance sheet reduction later this year in a post-meeting news conference.
The Bureau of Labor Statistics released its Job Openings and Turnover Survey on Wednesday, projecting 8.7 million job openings on the last business day of March, slightly lower than in February.
Finally, there's Jobs Friday. Consensus forecasts that nonfarm payrolls will rise by 210,000 in April, which would be lower than the 303,000 added in February. The unemployment rate is expected to remain at 3.8%.
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4/29 Monday
Domino's Pizza, F5, Franklin Resources
,
ON Semiconductor, Paramount Global, Revvity
,
SBA Communications
,
and Welltower announce their results quarterly.
Tuesday 4/30
3M, Advanced Microdevices, Air Products and Chemicals
,
Amazon.com, American Tower, Archer Daniels Midland
,
boston real estate
,
caesars entertainment
,
center point energy
,
clorox, coca cola
,
Corning, Diamondback Energy
,
ecolab
,
edison international
,
Eli Lilly, Essex Property Trust
,
extra space storage
,
gartner
,
GE Healthcare Technologies
,
illinois tool works
,
Leidos Holdings
,
marathon oil
,
martin marietta material
,
mcdonalds
's
Molson Coors Beverages
,
Mondelez International
,
paypal holdings
,
prudential financial
,
public storage, republic services
,
Starbucks
,
striker, super microcomputer, Cisco
,
and Zebra Technologies announce earnings.
The Conference Board releases consumer confidence index for April. Economists are forecasting a reading of 104.0, compared with 104.7 in March.
5/1(Wed)
Aflac
,
Albemarle, Allstate
,
american international group
,
APA, CH Robinson Worldwide
,
corteva
,
CVS Health, Devon Energy
,
dupont de nemours
,
eBay
,
Etsy, First Solar, Generac Holdings
,
Kraft Heinz
,
marathon oil
,
marriott international
,
Mastercard, MetLife Life
,
MGM Resorts International
,
Norwegian Cruise Line Holdings
,
Pfizer, PTC, Corvo
,
Qualcomm, Estée Lauder Companies
,
ventus
,
VICI properties
,
And hmmm!brand
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Report quarterly results.
ADP releases national employment report for April. The consensus forecast is for private sector payrolls to rise by 170,000, following an increase of 184,000 in March.
The Bureau of Labor Statistics releases the Job Openings and Turnover Survey. Economist consensus is for 8.7 million job openings on the last business day of March, about 100,000 fewer than in February. Currently, there are 1.3 job openings per unemployed person, down from a peak of more than two in 2022.
Federal Open Market Committee announces monetary policy decisions. There is an overwhelming majority of expectations that the FOMC will keep the federal funds rate unchanged at its target range of 5.25% to 5.50%. Fed officials have recently said they need to see further evidence of falling inflation before changing interest rates. Chairman Jerome Powell is likely to explain the FOMC's plans to slow the pace of balance sheet reductions later this year in a post-meeting press conference.
5/2(Thu)
amgen
,
Apple, Booking Holdings, BorgWarner
,
cardinal health
,
Cigna Group
,
ConocoPhillips, Kotera Energy
,
cummins
,
davita
,
Digital Realty Trust
,
dominion energy
,
EOG resources
,
expedia group
,
fortinet
,
Illumina
,
intercontinental exchange
,
Iron Mountain, Keranova
,
live nation entertainment
,
Moderna, Monster Beverage, Moody's
,
Parker Hannifin
,
pioneer natural resources
,
quanta service
,
Regeneron Pharmaceuticals
,
stanley black and decker
,
vulcan material
,
Xylem, Westlock
,
and
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Zoetis will report.
4/26(Fri)
CBOE Global Market
,
CBRE Group
,
And Hershey releases earnings.
The Bureau of Labor Statistics releases employment statistics for March. The consensus forecast is for non-farm payrolls to increase by 210,000, which is expected to be lower than the 303,000 increase seen in February. The unemployment rate is expected to remain stable at 3.8%. The U.S. labor market has remained surprisingly resilient, with the unemployment rate at a half-century low for two years.
Email Nicholas Jasinski at nicholas.jasinski@barrons.com