The Weekend Rip: Big-Cap Tech Is Up Next

/ Stocktwits

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: 

S&P 5004,180-0.13%
Nasdaq14,016-0.25%
Russell 20002,271+0.41%
Dow Jones34,043-0.46%

Another One.

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. 

Sunday Links:

🚀 SpaceX Crew-2 astronauts dock with the International Space Station 

🏋 Getting Started Strength Training

📈 33,554% Return over 5 years | Interview with Mark Minervini

🎙Making Sense Podcast: Engineering the Apocalypse 

💰 Taxing Speculation — Investor Amnesia

👍 Social Leverage – It Works 24/7/365 And In Mysterious Ways 

🥊 Usman knocks Masvidal out cold to win rematch

The Week Ahead

And now a brief and well-organized look ahead at the trading week beginning Monday, April 26th, 2021:

Economic Calendar:

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. 

Earnings Calendar:

Be sure to know when your stocks are reporting. Here’s the earnings calendar: