Blue-Chip Earnings, Fed Speakers Highlight Busy Week

Dow stocks AXP, GE, IBM, JNJ, and UNH could move after earnings

by Patrick Martin

Published on Apr 12, 2018 at 12:56 PM
Updated on Apr 12, 2018 at 12:56 PM

Earnings season ramps up next week, with several blue-chip names ready to step up to the plate. Johnson & Johnson (JNJ), UnitedHealth (UNH), and General Electric (GE) are some notable Dow companies that will report next week, along with bank names Goldman Sachs (GS) and Bank of America (BAC). Streaming giant Netflix (NFLX) will be the first FAANG member to report as well. A host of Fed speakers are also sprinkled into the week, including John Williams, who will replace William Dudley later this year as the next New York Fed President.

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.

On Monday, April 16, retail sales, business inventories, Treasury International Capital data, and the Empire State manufacturing survey will kick off the week. Atlanta Fed President Raphael Bostic will also speak in the afternoon. Bank of America (BAC), Netflix (NFLX), Charles Schwab (SCHW), and J.B. Hunt (JBHT) will report earnings.

Housing starts and industrial production data will be released on Tuesday, April 17. Future New York Fed President John Williams and Chicago Fed President Charles Evans will speak, while Fed Vice Chair for Supervision Governor Randal Quarles will give his semi-annual testimony before the House Financial Services Committee. Goldman Sachs (GS), IBM (IBM), Johnson & Johnson (JNJ), UnitedHealth (UNH), Comerica (CMA), CSX Corp (CSX), Intuitive Surgical (ISRG), Lam Research (LRCX), Progressive (PGR), and United Continental (UAL) will step into the earnings confessional.

Wednesday, April 18, brings the weekly crude inventories update and the Fed's Beige Book. Current New York Fed President William Dudley will speak. American Express (AXP), Abbot Laboratories (ABT), Alcoa (AA), Mattel (MAT), Morgan Stanley (MS), Pier 1 Imports (PIR), Skechers (SKX), Steel Dynamics (STLD), United Rentals (URI), and U.S. Bancorp (USB) will unveil earnings.

Weekly jobless claims, the Philadelphia Fed business outlook, the Fed's balance sheet, and the Conference Board's index of leading economic indicators are due out on Thursday, April 19. Cleveland Fed President Loretta Mester will speak in the evening. BB&T Corp (BBT), Blackstone Group (BX), E*TRADE Financial (ETFC), KeyCorp (KEY), Nucor (NUE), Philip Morris International (PM), and The Tile Shop (TTS) will report earnings.

On Friday, April 20, Evans will speak again. Earnings from General Electric (GE), Procter & Gamble (PG), Cleveland-Cliffs (CLF), Gentex (GNTX), Honeywell (HON), Kansas City Southern (KSU), Schlumberger (SLB), TransUnion (TRU), and Waste Management (WM) will close out the week.

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