Fed, Jobs, and More FAANG Earnings Coming Up

Apple and Google parent Alphabet are slated to report

Managing Editor
Apr 25, 2019 at 11:40 AM
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Certain to grab headlines next week will be the highly anticipated earnings from FAANG members Alphabet (GOOGL) and Apple (AAPL). In addition, blue chips McDonald's (MCD), Merck (MRK), and Pfizer (PFE) are also expected to report, as are Spotify (SPOT), Sprint (S), and Advanced Micro Devices (AMD), to name a few. Outside of earnings, the Fed's policy meeting and Fed Chair Jerome Powell's subsequent presser will make noise, and traders will digest a slew of manufacturing and jobs data, with the April payrolls report punctuating a busy week.

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.

Data on personal income and outlays and the Dallas Fed manufacturing survey will headline economic data for Monday, April 29. For earnings, Google parent Alphabet, AK Steel (AKS), MGM Resorts (MGM), Spotifty, Transocean (RIG), Western Digital (WDC), and Yum! China (YUMC) will report.

The economic calendar for Tuesday, April 30, is booked full, with data on pending home sales, consumer confidence, the Chicago purchasing managers index (PMI), S&P Corelogic Case-Shiller home price index, and employment cost index expected. In addition, the Federal Open Market Committee (FOMC) meeting will kick off.

For earnings, Apple, McDonald's, Pfizer, Merck, AMD, Akamai Technologies (AKAM), Blue Apron (APRN), bluebird bio (BLUE), BP (BP), Century Aluminum (CENX), Eli Lilly (LLY), General Electric (GE), General Motors (GM), Kraft Heinz (KHC), Lumber Liquidators (LL), Mastercard (MA), Seagate Technology (STX), Shopify (SHOP), Sprint, and Twilio (TWLO) are on the docket.

The ADP employment report is due Wednesday, May 1, as well as data on MBA mortgage applications, Markit's PMI, weekly crude inventories, the Institute for Supply Management's (ISM) manufacturing index, and construction spending. A press conference from Fed Chair Jerome Powell will take place at 2:30 p.m. ET, following the Fed's post-meeting policy statement.

Another heavy day for earnings, Wednesday should bring results from Acadia Pharmaceuticals (ACAD), Allstate (ALL), Avis Budget (CAR), Caesars Entertainment (CZR), Cree (CREE), CVS Health (CVS), Estee Lauder (EL), Fitbit (FIT), Five9 (FIVN), Garmin (GRMN), Hilton Worldwide (HLT), Hyatt Hotels (H), Marathon Oil (MRO), Molson Coors Brewing (TAP), Qualcomm (QCOM), Royal Caribbean (RCL), Sally Beauty (SBH), Square (SQ), Stamps.com (STMP), and Yum! Brands (YUM).

The usual weekly jobless claims will kick off Thursday, May 2, and traders will also digest data on productivity costs, factory orders, and the Fed's balance sheet. The earnings docket will contain reports from DowDuPont (DWDP), Activision Blizzard (ATVI), CBS (CBS), Dunkin' Brands (DNKN), Gilead Sciences (GILD), GoDaddy (GDDY), Ionis Pharmaceuticals (IONS), Kellogg (K), Planet Fitness (PLNT), Skyworks (SKWS), Shake Shack (SHAK), Tableau Software (DATA), Teva Pharmaceutical (TEVA), Under Armour (UAA), U.S. Steel (X), Wayfair (W), and WW (WTW).

Closing out the week on Friday, May 3, will be the highly anticipated nonfarm payrolls report, as well as data on international trade, the PMI services index, and the ISM non-manufacturing survey. Speeches from New York Fed President John Williams and St. Louis Fed President James Bullard are also anticipated. Quieter on the earnings front, the last day of the week will bring reports from Celgene (CELG), Fiat Chrysler (FCAU), ImmunoGen (IMGN), and Newell Brands (NWL).

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