5 Important Developments To Follow In The Next Week

5 important developments to follow in the next week have been determined. This week many companies will release their quarterly earnings reports.

 

1.Netflix, Intel And IBM Will Announce Their Earnings

Next week, 80 companies from the S&P 500 index and 10 companies from the Dow indicator will announce their reports, and the first big week of the first quarter will begin. The focus of investors will be on Netflix (NASDAQ: NFLX). For the streaming giant, projections point to $ 2.97 adjusted earnings per share, on top of $ 7.14 billion in revenue. The NFLX posted a record high on January 20, following its fourth-quarter results, but has since declined. Options markets are priced with a 7% movement in the stock after the report. Earnings from Intel (NASDAQ: INTC), IBM (NYSE: IBM), Snap (NYSE: SNAP) and Lam Research (NASDAQ: LRCX) will also be shared.  

2.Coca-Cola (IS: CCOLA), Johnson&Johnson and Procter&Gamble Will Announce Earnings

This week, big names like Coca-Cola (NYSE: KO), Johnson&Johnson) (NYSE: JNJ) and Procter&Gamble (NYSE: PG) will also announce their earnings reports. AT&T (NYSE: T), Verizon (NYSE: VZ), Lockheed Martin (NYSE: LMT), Harley-Davidson (NYSE: HOG), Halliburton (NYSE: HAL), Honeywell (NYSE: HON) and American Express (NYSE: Top-notch stocks, such as AXP), will also publish their results. The struggling airlines American Airlines (NASDAQ: AAL), United Airlines (NASDAQ: UAL) and Southwest Airlines (NYSE: LUV) are also on the calendar.  

3.US Housing Data Will Be Released

The National Association of Realtors (NAR) will announce current home sales for March on Thursday. The common estimate was that current home sales increased by 0.9% to 6.18 million, following a 6.6% decline in February. On Friday, the Ministry of Commerce will also present new housing sales. The data is expected to show a 12.0% increase in March, following a huge 18.2% drop in the previous month.  

4.Flash PMI Figures Of The USA Will Be Published

IHS Markit's US combined Flash Purchasing Managers Index (PMI) will be released on Friday for April. It is predicted that it will increase to 59.9 compared to 59.7 points in March. Measuring production in both manufacturing and service sectors together, the index is defined as a good guide for the general health of the economy. In addition to these on the week's calendar, there are the first unemployment applications and it is estimated that it fell to a low level before a new epidemic last week.  

5.ECB Monetary Policy Meeting Will Be Held

It is almost certain that the ECB will keep interest rates at the current record lows at its monetary policy meeting on Thursday. ECB (European Central Bank) President Christine Lagarde will hold a press conference 45 minutes after the interest rate announcement, and investors will want to get signals of the central bank's bond purchase status.     Source: Investing.com