Wall Street Breakfast: The Week Ahead
All eyes this week will be on Wednesday’s March Consumer Price Index report. Headline CPI is expected to rise 0.4% on a M/M basis, flat from February, and up 3.1% on a Y/Y basis, slightly below the previous +3.2%. Core CPI appears to be slowing to +0.3% and +3.7% on a M/M and Y/Y basis, respectively.
Investors will also be watching the minutes of the Federal Reserve’s March meeting, also scheduled for Wednesday. Following last week’s hot labor market data that lowered the odds of a rate cut, market participants will be closely watching the minutes and consumer inflation reports for further clues about the future of monetary policy. The first quarter earnings season begins next week.
Delta Air Lines (DAL) and Corona beer giant Constellation Brands (STZ) are scheduled to report on Wednesday and Thursday. On Friday, quarterly numbers are released from major banks JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), along with BlackRock (BLK), the world’s largest asset manager.
Earnings Spotlight: Monday, April 8 – Lotus Technology (LOT). Check out our full earnings calendar.
Earnings Spotlight: Tuesday, April 9 – Neogen (NEOG), Price Smart (PSMT), Tilray Brands (TLRY). Check out our full earnings calendar.
Earnings Spotlight: Wednesday, April 10 – Delta Air Lines (DAL), Applied Digital (APLD), Rent the Runway (RENT). Check out our full earnings calendar.
Earnings Spotlight: Thursday, April 11 – Constellation Brands (STZ), CarMax (KMX) and Fastenal (FAST). Check out our full earnings calendar.
Earnings Spotlight: Friday, April 12 – JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK) and Citigroup (C). Check out our full earnings calendar.
Volatility Monitoring: Options volume increased on TeraWulf (WULF) and Aurora Cannabis (ACB). The most overbought stocks per the 14-day Relative Strength Index include AltC Acquisition (ALCC), SIGA Technologies (SIGA), and Kulr Technology Group (KULR). The most oversold stocks per 14-day Relative Strength Index include Disc Medicine Inc (IRON), Amylyx Pharmaceuticals (AMLX), and Humana (HUM).
IPO Watch: Companies expected to launch IPOs this week include Neonc Technologies (NTHI), UL Solutions (ULS), and Cleancore Solutions (ZONE). Birkenstock (BIRK) will also be watching as the IPO lock-up period expires on April 8.
Investor Events: Intel (INTC) will be holding its Intel Vision event in Phoenix, Arizona. The theme of this year’s event is ‘Bringing AI Everywhere’. The three-day Google (GOOG) (GOOGL) Cloud Next event will also be held this week. The tech giant will showcase its AI-powered assistant Gemini, Generative AI Studio, and AI Platform tools during the event. Marvell Technology (MRVL) is holding a special event titled ‘Accelerated Infrastructure for the AI Era’. Executives are expected to discuss the overall market for application-specific integrated circuits and custom ASIC lamps.
