5 Important Developments To Follow Next Week

5 important developments to follow in the next week have been compiled by Invesing.com. Highlights of the week include the FED's monetary policy and earnings reports of large companies.

1. Earnings of FAAMG + Tesla TSLA

180 S&P 500 companies, including 10 Dow companies, will announce earnings reports during the busiest week of the first quarter earnings report period on Wall Street. The focus will be on earnings reports on Facebook (NASDAQ: FB), known as FAAMG, Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL). One more quarterly report of these companies, which are considered technology giants, is expected to gain strong value. Software and cloud giant Microsoft and internet search engine Google are expected to submit their reports on Tuesday. Technology and consumer electronics company Apple and social media company Facebook will also report on Wednesday. E-commerce and cloud giant Amazon will announce a report on Thursday. On the other hand, Tesla (NASDAQ: TSLA), the sixth most valuable company listed on the New York Stock Exchange, will report on Monday. Some of the other high profile names to report this week include Advanced Micro Devices (NASDAQ: AMD), Twitter (NYSE: TWTR), Pinterest (NYSE: PINS), Shopify (NYSE: SHOP), eBay (NASDAQ: EBAY), Qualcomm (NASDAQ). : QCOM) and Texas Instruments (NASDAQ: TXN).

2. Boeing, Caterpillar and GE Earnings Reports

On the earnings side, there are also Boeing (NYSE: BA), Caterpillar (NYSE: CAT), General Electric (NYSE: GE), 3M Company (NYSE: MMM), Visa (NYSE: V), Mastercard (NYSE: MA), and United Parcel Service. There are top-notch names like (NYSE: UPS). Restaurant operator McDonald's (NYSE: MCD), Starbucks (NASDAQ: SBUX) and Domino's Pizza (NYSE: DPZ) are also listed with corporate earnings reports such as Ford (IS: FROTO) Motor Company (NYSE: F) and Nio (NYSE: NIO). finds a place for itself. AstraZeneca (NASDAQ: AZN), Merck (NYSE: MRK), Bristol-Myers Squibb (NYSE: BMY) and Gilead Sciences (NASDAQ: GILD) from the pharmaceutical industry, and finally the major oil giants ExxonMobil (NYSE: XOM) and Chevron on Friday. We'll see the (NYSE: CVX) reports. First-quarter corporate earnings made a good start to the season. According to Refinitiv, 86 percent of companies that have reported so far have reported earnings above estimates.

3. FED (US Federal Reserve) Decision

The FED is not expected to make any changes in interest rates in the range of 0.0-0.25 percent as a result of the two-day meeting that will start on Wednesday. FED Chairman Jerome Powell will hold a press conference half an hour after the FED's announcement. Powell is expected to advocate a policy of allowing the central bank to rise above the inflation target of 2 percent, reinforcing the message that recent price increases are temporary.

4. US First Quarter GDP Preview

Investors will focus on the US first quarter GDP preview this week. The report, to be released on Thursday, is expected to show an annual growth of 6.5 percent in the January-March period, compared to 4.3 percent in the previous quarter.

5. US Inflation Data

The Ministry of Commerce will announce personal income and expenditure data for March, including personal consumption expenditures inflation figures. The report's core personal consumption expenditures price index, which the FED preferred as a measure of inflation, is expected to grow by 0.3 percent, after a 0.1 percent increase a month ago. In addition, other key data to be released include the CB consumer confidence report, initial jobless claims, durable goods orders, and pending home sales. In addition, investors will carefully monitor developments regarding US President Joe Biden's infrastructure spending package and tax proposals.     Source: Investing.com