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Markets Week Ahead: Get ready for a potentially volatile week in the markets, with a mix of corporate earnings reports, commentary from key Federal Reserve officials, and limited economic data releases. While the calendar might seem light on the data front, the potential for market-moving news remains high.
Highlights:
- Earnings reports scheduled from Walt Disney and Warner Bros. Discovery will highlight their streaming services, while Uber and Airbnb earnings will give insight into the gig economy.
- Apple will host its “Let Loose” product event, in which analysts expect a new iPad launch.
- Federal Reserve officials will give their assessments of economic conditions in several speaking engagements.
- Updates on consumer sentiment and lending standards are also scheduled.
Markets Week Ahead: Daily Breakdown
Monday, May 6th:
- Earnings: Palantir Technologies, Vertex Pharmaceuticals, Microchip Technology
- Fed Speeches: Richmond Fed President Tom Barkin, New York Fed President John Williams
- Economic Data: Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS)
Tuesday, May 7th:
- Earnings: Walt Disney, BP, UBS
- Apple Event: “Let Loose” product event
- Fed Speech: Minneapolis Fed President Neel Kashkari
- Economic Data: Consumer credit (April)
Wednesday, May 8th:
- Earnings: Toyota Motor, Uber, Airbnb, Anheuser-Busch InBev, Shopify
- Fed Speech: Fed Gov. Lisa Cook
- Economic Data: Wholesale inventories (March)
Thursday, May 9th:
- Earnings: Sun Life Financial, Roblox, Warner Bros. Discovery, Hyatt Hotels
- Economic Data: Initial jobless claims (Week ending May 5)
Friday, May 10th:
- Economic Data: Consumer sentiment – preliminary (May), Monthly federal budget (April)
- Fed Speech: Chicago Fed President Austan Goolsbee
- Earnings: Enbridge, Honda Motor Company
Markets Week Ahead: Streaming Wars, Automakers, and Gig Economy Take Center Stage
This week’s earnings season brings financial updates from major players in the streaming wars, including Walt Disney (DIS) and Warner Bros. Discovery (WBD). Investors will be closely watching subscriber numbers and growth strategies as these companies compete for dominance in the ever-evolving streaming landscape.
Meanwhile, the auto industry is also in the spotlight, with Toyota Motor (TM) and Honda Motor Company (HMC) reporting their latest financials. Toyota’s recent investment in an EV and hybrid vehicle plant will be a key point of focus, while Honda’s potential EV partnership with Nissan could spark further interest.
The “gig economy” also takes center stage this week, with Uber (UBER) and Airbnb (ABNB) releasing their earnings reports. Uber’s ability to maintain its recent profitability after reversing losses in 2022 will be closely watched, while Airbnb faces headwinds from regulatory pushback in certain markets.
Apple Unveils New Products at “Let Loose” Event
Adding to the mix, Apple will host its “Let Loose” product event on Tuesday. While specific details remain under wraps, the event is expected to showcase new hardware or software offerings that could potentially impact the tech sector.
Federal Reserve Officials Speak After Rate Decision
Following Chair Jerome Powell’s recent comments suggesting a potential decline in inflation this year, investors will be keenly listening to other Fed officials for their economic outlooks and views on the path of future interest rate adjustments.
Starting Monday, remarks from Richmond Fed President Tom Barkin and New York Fed President John Williams will be on the radar, particularly after their previous statements hinting at an uncertain timeline for interest rate cuts.
On Tuesday, Minneapolis Fed President Neel Kashkari’s speech will be closely watched, following his interview last month that sparked a market sell-off due to speculation about the possibility of delaying rate cuts altogether in the face of persistent inflation.
Conclusion
Markets Week Ahead: Throughout the week, investors will also pay attention to comments from Fed Gov. Lisa Cook and Chicago Fed President Austan Goolsbee, especially considering the upcoming release of the Michigan Consumer Confidence survey on Friday. This data, which includes inflation expectations closely monitored by the Fed, could influence future monetary policy decisions.
Read more: Stocks Open High Today: Earnings Season kicks off
