MMR

The Week Ahead: Fed in Focus; Apple, Facebook Earnings Due

The Federal Open Market Committee (FOMC) will hold its two-day policy meeting next week

Apr 22, 2016 at 7:34 AM
facebook X logo linkedin


Earnings season will continue plugging along next week, with no fewer than seven Dow components set to hit the stage, including Apple Inc. (NASDAQ:AAPL). A number of other tech heavyweighs are scheduled to report earnings, as well, such as Facebook Inc (NASDAQ:FB) and Amazon.com, Inc. (NASDAQ:AMZN). Meanwhile, all eyes will be on the two-day Federal Open Market Committee (FOMC) meeting -- which will culminate with its highly anticipated policy announcement on Wednesday afternoon -- as well as the first-quarter gross domestic product (GDP).

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, April 25

The week kicks off with new home sales data and the Dallas Fed manufacturing survey. On the earnings front, Express Scripts (ESRX), Halliburton (HAL), Sohu.com (SOHU), and Xerox (XRX) will tell all.

Tuesday, April 26

The FOMC policy meeting gets underway on Tuesday. On the data front, durable goods orders, the S&P/Case-Shiller home price index, and the Conference Board's consumer confidence survey are due out.

Companies reporting earnings include 3M (MMM), AAPL, DuPont (DD), Procter & Gamble (PG), Aflac (AFL), Akamai Technologies (AKAM), AK Steel (AKS)AT&T (T), Barrick Gold (ABX), Bloomin' Brands (BLMN), Boyd Gaming (BYD), Buffalo Wild Wings (BWLD), Capital One Financial (COF), Chipotle Mexican Grill (CMG), Cirrus Logic (CRUS), Coach (COH), Corning (GLW), Cree (CREE), eBay (EBAY), Eli Lilly (LLY), Fiat Chrysler Automobiles (FCAU), Freeport-McMoRan (FCX), JetBlue Airways (JBLU), Lockheed Martin (LMT), Office Depot (ODP), Panera Bread (PNRA), Reynolds American (RAI), Southern (SO), Spirit Airlines (SAVE), Twitter (TWTR), and United States Steel (X).

Wednesday, April 27

On Wednesday, the international trade balance, the pending home sales index, and the regularly scheduled crude inventories report will be released. Also, the FOMC policy announcement is set for 2 p.m. ET.

Turning to corporate earnings, the Street expects to hear from Boeing (BA), Anthem (ANTM), Boston Scientific (BSX), Comcast (CMCSA), Dr. Pepper Snapple (DPS), FB, First Solar (FSLR), Garmin (GRMN), Hilton Worldwide (HLT), Marriott International (MAR), Mondelez (MDLZ), Northrop Grumman (NOC), O'Reilly Automotive (ORLY), Owens Corning (OC), PayPal (PYPL), Texas Instruments (TXN), and Xilinx (XLNX).

Thursday, April 28

The advance reading on first-quarter GDP and weekly jobless claims will be the main highlights on Thursday. AbbVie (ABBV), Aetna (AET), AMZN, Baidu (BIDU), Bristol-Myers Squibb (BMY), Cliffs Natural Resources (CLF), Colgate-Palmolive (CL), ConocoPhillips (COP), Domino's Pizza (DPZ), Dow Chemical (DOW), Ford Motor (F), Gilead Sciences (GILD), Groupon (GRPN), LinkedIn (LNKD), MasterCard (MA), Pandora Media (P), Patterson-UTI Energy (PTEN), Raytheon (RTN), Skyworks Solutions (SWKS), Sony (SNE), Thermo Fisher Dynamics (TMO), Time Warner Cable (TWC), United Parcel Service (UPS), Viacom (VIAB), Waste Management (WM), and Western Digital (WDC) will report earnings.

Friday, April 29

The economic docket winds down Friday with personal income and spending data, the employment cost index, the Chicago purchasing managers index (PMI), and the Thomson Reuters/University of Michigan consumer sentiment survey. Hitting the earnings confessional will be Chevron (CVX), Exxon Mobil (XOM), AstraZeneca (AZN), Immunogen (IMGN), Seagate Technology (STX), Tyco International (TYC), and VF Corp (VFC).

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.

 

Follow us on X, Follow us on Twitter

 

Nvidia and its powerful chips are the face of artificial intelligence.

But while everyone’s patting Nvidia on the back for record earnings…

It’s quietly moved on to the next phase of AI it plans to conquer…

Nvidia recently unveiled essential blueprints for this crucial $1 trillion pivot.

Click here now and find out about the three companies Nvidia absolutely needs to succeed in this vital new AI frontier.
 (ad)