Gary B. Smith and Quincy Krosby provide insights into the impact of record inflation on the stock market in Making Money.
After enjoying the bank holiday weekend, investors are in for another busy week with a slew of big name gains and important real estate data on the agenda.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 34451.23 | -113.36 | -0.33% |
| SP500 | S&P500 | 4392.59 | -54.00 | -1.21% |
| I: COMP | NASDAQ COMPOSITE INDEX | 13351.078927 | -292.51 | -2.14% |
Monday will also give investors their first chance to react to the weekend’s news that Twitter has passed a limited-term shareholder rights plan, commonly dubbed the “poison pill,” as it aims to thwart a takeover by Tesla CEO Elon Musk. who has offered to take the social media giant private for $54.20 per share.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| TWTR | Twitter Inc. | 45.08 | -0.77 | -1.68% |
FOX Business takes a look at the upcoming events that are likely to move the financial markets in the coming days.
Monday 18.4
Earnings week kicks off with Bank of America, Bank of New York Mellon, Charles Schwab and Synchrony Financial before the market opens and JB Hunt Transportation Services after the bell.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| BAK | BANK OF AMERICA CORP. | 37.53 | -1.32 | -3.40% |
| BK | THE BANK OF NEW YORK MELLON CORP. | 47.32 | -1.02 | -2.11% |
| BLACK | THE CHARLES SCHWAB CORP. | 82.76 | -1.11 | -1.32% |
| SYF | FINANCIAL SYNC | 37.70 | +0.23 | +0.61% |
| JBHT | JB HUNT TRANSPORT SERVICES INC. | 172.01 | +0.03 | +0.02% |
Meanwhile, the NAHB housing market index will be the focus of economic data on Monday. St. Louis Fed President James Bullard will also address the US economy and monetary policy before the Council on Foreign Relations’ virtual C. Peter McColough Series on International Economics.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| COSTS | COSTCO WHOLESALE CORP. | 590.39 | -0.70 | -0.12% |
| DIS | THE WALT DISNEY CO. | 130.47 | -1.88 | -1.42% |
| TGT | TARGET CORP. | 237.26 | +3.46 | +1.48% |
Monday marks the federal deadline for most Americans to file their taxes and the last day to make an IRA contribution.
Additionally, Costco will end special hours of operation for seniors, medical workers and first responders, American Airlines will resume onboard liquor sales, and Disney will bring back character meet-and-greets at its theme parks. Target is launching its annual car seat trade-in program, which runs through April 30, and the International Monetary Fund and World Bank are beginning their spring 2022 meetings, which will run through April 24.
Tuesday 19.4
The earnings parade continues Tuesday with Hasbro, Johnson & Johnson and Lockheed Martin ahead of the market open and IBM, Interactive Brokers Group and Netflix after the bell.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| HAS | HASBRO INC. | 85.22 | +1.42 | +1.69% |
| JNJ | JOHNSON & JOHNSON | 179.90 | -0.76 | -0.42% |
| LMT | LOCKHEED MARTIN CORP. | 467.66 | -1.53 | -0.33% |
| IBM | INTERNATIONAL BUSINESS MACHINES CORP. | 126.47 | +0.30 | +0.24% |
| IBKR | INTERACTIVE BROKERS GROUP INC. | 65.29 | -0.38 | -0.58% |
| NFLX | NETFLIX INC. | 341.13 | -9.30 | -2.65% |
Looking ahead to the economic data, investors will be watching for building permits and housing starts. Chicago Fed President Charles Evans will also address the Economic Club of New York on current economic events and monetary policy.
Wednesday 20.4
Wednesday’s leading gains will be Abbott Labs, Anthem, M&T Bank, Nasdaq Inc. and Procter & Gamble pre-open, along with Alcoa, Equifax, Sleep Number, Tenet Healthcare, Tesla and United Airlines.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| AWAY | ABBOTT LABORATORIES | 117.69 | -1.79 | -1.50% |
| ANTM | Anthem Inc. | 516.72 | +4.26 | +0.83% |
| MTB | M&T BANK CORP. | 159.53 | -0.28 | -0.18% |
| NDAQ | NASDAQ INC. | 178.55 | -2.84 | -1.57% |
| PG | PROCTER & GAMBLECO. | 158.57 | -0.89 | -0.56% |
| TSLA | TESLA INC. | 985.00 | -37.37 | -3.66% |
| UAL | UNITED AIRLINES HOLDINGS INC. | 45.13 | -0.01 | -0.02% |
Economic data on Wednesday’s agenda will include the Federal Reserve’s Beige Book, Existing Home Sales, weekly mortgage applications and the Energy Information Administration’s weekly Crude Oil Inventories.
Chicago Fed President Charles Evans will speak in person at the Peterson Institute for International Economics Macro Week 2022 on current economic events and monetary policy, and San Francisco Fed President will address the Center for Business and Economic Research’s CBER Mid-Year Outlook ” to speak.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| FB | META PLATFORMS INC. | 210.18 | -4.81 | -2.24% |
| AMD | ADVANCED MICRO DEVICES INC. | 93.06 | -4.68 | -4.79% |
Also on Wednesday, Meta Platforms is expected to make an announcement regarding its Oculus Quest 2 Pro headset during the Quest Gaming Showcase. AMD will also release its fastest gaming chip to date.
Additionally, Bob Marley’s son Rohan will launch a CBD brand, Republican Congresswoman Nancy Mace of South Carolina will speak at the Benzinga Cannabis Capital Conference, and the House Financial Services Committee will hold a hearing on improving fire safety in federally funded housing.
Thursday, April 21
Thursday will be the busiest day in terms of revenue with Alaska Air Group, American Airlines, AT&T, AutoNation, Blackstone, Danaher, Philip Morris, Quest Diagnostics and Union Pacific among companies reporting ahead of the market open.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| ALK | ALASKA AIR GROUP INC. | 57.11 | +0.87 | +1.55% |
| EEL | AMERICAN AIRLINES GROUP INC. | 19.00 | +0.05 | +0.26% |
| T | AT&T INC. | 19.54 | +0.12 | +0.62% |
| A | AUTONATION INC. | 101.46 | +1.00 | +1.00% |
| BX | BLACK STONE | 112.98 | -3.46 | -2.97% |
| DHR | DANAHER CORP. | 277.01 | -6.73 | -2.37% |
| pm | PHILIP MORRIS INTERNATIONAL INC. | 101.77 | +0.57 | +0.56% |
| DGX | QUEST DIAGNOSTICS INC. | 135.92 | -1.13 | -0.82% |
| UNP | UNION PACIFIC CORP. | 246.21 | +1.58 | +0.65% |
Meanwhile, Snap and PPG Industries will be among the companies to take the earnings spotlight after the bell.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| SNAP | SNAP INC. | 33.19 | -1.49 | -4.30% |
| PPG | PPG INDUSTRIES INC. | 128.14 | -2.46 | -1.88% |
Economic data on Thursday includes the Conference Board’s index of leading economic indicators and the latest initial and ongoing jobless claims. Other notable events include the launch of Fidelity’s new crypto and metaverse ETFs and SpaceX’s Crew 4 mission.
Friday 22.4
To wrap up the week, pre-market earnings from American Express, Kimberly-Clark, Schlumberger and Verizon are released. Investors will also consider the S&P Global Flash Markit Manufacturing and Services PMIs.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| AXP | AMERICAN EXPRESS CO. | 181.16 | +1.57 | +0.87% |
| KMB | KIMBERLY-CLARK CORP. | 126.42 | +0.03 | +0.02% |
| SLB | SCHLUMBERGER N.V | 43.25 | +0.68 | +1.60% |
| vz | VERIZON COMMUNICATIONS INC. | 53.83 | -0.31 | -0.57% |
In addition, Walmart will permanently close stores in Louisville, Kentucky and Forest Park, Ohio, and Lululemon will expand its trade-in and resale program to all of its stores in the United States.