Tale of the Tape
Good evening, ladies and gentlemen. It’s a big earnings week. Big-cap tech takes center stage— will the FAANG gang fly to new highs?
The S&P 500, Nasdaq, and Dow Jones Industrial Average all closed down less than 1% last week. The Russell 2000 was the only index to close green.
The FOMC Rate Decision will be released this Wednesday. Will the sentiment shift from the March meeting??
Bitcoin has tumbled 9 of the last 10 days as $BTC.X trades below $50k for the first time since late February.
Here’s the weekly S&P 500 chart:
And last week’s changes:
It’s another massive earnings week on Wall St. More than 30% of the S&P 500 is expected to report. Will a strong earnings season send the S&P 500 to blue skies? Time will tell…
Here are some notable names:
Monday – 4/26
Tesla, NXP Semiconductors.
Tuesday – 4/27
UPS, Crocs, Waste Management, Advanced Micro Devices, Microsoft, Pinterest, Alphabet, Visa, Starbucks.
Wednesday – 4/28
Boeing, Shopify, Spotify, Apple, Facebook, Qualcomm, Teladoc, Logitech, ServiceNow, eBay.
Thursday – 4/29
Caterpillar, Merck & Co, McDonald’s, Domino’s Pizza, Mastercard, Amazon.com, NIO, Twitter, Skyworks Solutions, Dexcom.
Friday – 4/30
ExxonMobil, AbbVie, Chevron.
Here’s the full earnings calendar.
Elon to Host 🍿
Elon Musk will host “Saturday Night Live” for the first time on May 8, the show announced over the weekend.
Not only did he create an EV automaker, ‘boring’ company, SpaceX… Elon has also appeared in Iron Man 2 and The Big Bang Theory. What can’t he do??
Miley Cyrus will make her sixth appearance on Saturday Night Live as a musical guest. 🎵
We’ll see if the $DOGE.X stream screams during the show.
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The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, April 26th, 2021:
4/27 April Consumer Confidence (10 AM ET)
4/28 FOMC Rate Decision (2:00 PM ET)
4/29 Jobless Claims (8:30 AM ET)
4/30 March Personal Income & Spending (8:30 AM ET)
Here’s the full Economic Calendar provided by Briefing.
Be sure to know when your stocks are reporting. Here’s the earnings calendar: