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Coming up this week: earnings, earnings, earnings!

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Miguel A. Rodriguez
Miguel A. Rodriguez
27 April 2021
FAANG components due to release their earnings figures this week

Investors are bracing themselves for increased market volatility this week, as multiple important companies will reveal their earnings reports. Moreover, Federal Reserve’s monetary policy meeting will be in focus.

One of the largest electric carmakers globally, Tesla is due to report earnings today, after the market closes. The expectations are high, given that the company already revealed a record 185K of deliveries.

The streak of earnings continues with Microsoft, Google, Apple, Facebook, Amazon, and Twitter. The first five, which make up approximately 17% of the stock market’s value, are expected to post blockbuster figures, given their dominance in the tech sector. Microsoft and Google are due to report Tuesday, after-hours, accompanied by Starbucks.

On Wednesday, Apple, Facebook, Spotify, Shopify, and Boeing will make or break investor expectations with their figures.

At an economic level, the Federal Reserve is expected to keep the interest rates unchanged, between 0.0% - 0.25%.

The last of the FAANG group – Amazon – is slated to release Q1 results after the market closes on Thursday. Twitter, Nio, Mastercard, Altria, and Caterpillar will join the earnings party.

Besides the earnings, investors will probably keep an eye on the Department of Labor and its weekly unemployment claims and the Bureau of Economic Analysis and its preliminary GDP figures. The data is expected to show the economy expanded at an annual rate of 6.5% in the first three months of 2021. If so, the figures will top the 4.3% growth rate previously reported.

The week will end with earnings expected from Exxon, AstraZeneca, and Chevron. Moreover, the Commerce Department will publish data on personal income and spending for March.

Also, President Biden is expected to detail his “American Families Plan” and the tax increases to pay for it.

It is the busiest week of the quarterly earnings season on Wall Street.

Stay updated with CAPEX.com!

Sources: investing.com, forexfactory.com, cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.