May Begins With Jobs Data, Blue-Chip Earnings

There will be plenty of economic data to unpack for the week

Deputy Editor
May 1, 2020 at 10:28 AM
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As next week brings the first full week of May, investors look to gain any clues they can about the state of the economy. There's plenty of data to unpack, with the ADP employment report, weekly jobless claims, and Markit services Purchasing Managers Index (PMI) taking center stage amid the pandemic. Next week also brings another big session of earnings, including ones from blue chip Walt Disney (DIS), Spirit Airlines (SAVE),  Jetblue Airways (JBLU), and Uber (UBER).

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

Monday, May 4 starts off slow with Factory orders. Avis Budget (CAR), Pitney Bowes (PBI), Shake Shack (SHAK), and Skyworks (SWKS) will report earnings. 

It gets busier on Tuesday, May 5 with the Trade deficit, Markit services PMI, and ISM nonmanufacturing index. On the earnings docket for the day are Walt Disney, Allstate (ALL), Beyond Meat (BYND), Cheesecake Factory (CAKE), Marathon Petroleum (MPC), Pinterest (PINS), and Wayfair (W).

Wednesday, May 6 will bring the ADP employment report. On the earnings front will be Cars.com (CARS), Etsy (ETSY), General Motors (GM), Lyft (LYFT), PayPal (PYPL), Shopify (SHOP), Spirit Airlines, and Wheaton Precious Metals (WPM).

Due out Thursday, May 7 is data on weekly jobless claims, productivity, and unit labor costs. Anheuser Busch InBev (BUD), Hilton Hotels (HLT), Jetblue Airways, Moderna (MRNA), Teva Pharmaceuticals (TEVA), Uber (UBER), and Zillow Group (ZG) will throw their hats into the earnings ring.

The week ends on Friday, May 8 with nonfarm payrolls, unemployment rate, and wholesale inventories. Cronos Group (CRON) will step into the earnings confessional. 

 

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