Earnings Avalanche Ahead: Apple, Amazon (AMZN), Meta and MSFT in Focus
U.S. equities staged bullish week, driven by improving sentiment around trade and upcoming earnings from major corporations this week.
Quick overview
- U.S. equities experienced a bullish week, recovering from an early sell-off driven by improving trade sentiment and strong earnings reports.
- The Nasdaq led the recovery with an impressive 8.3% gain, reflecting renewed investor confidence as markets anticipated potential trade agreements.
- Positive earnings from major tech companies helped alleviate concerns about recent underperformance, setting the stage for a significant earnings week ahead.
- Key earnings reports from high-profile companies are scheduled for the week of April 29 – May 3, with investors closely monitoring various sectors.
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U.S. equities staged bullish week, driven by improving sentiment around trade and upcoming earnings from major corporations this week.
The week began on a sour note for U.S. equities, with the Nasdaq plunging 3% on Monday amid ongoing geopolitical and trade uncertainties. However, momentum quickly shifted as markets began pricing in the likelihood of trade breakthroughs.
Early Week Sell-Off Reversed by Trade Hopes
Investor sentiment improved markedly on hopes that President Trump may soon unveil new trade agreements or at least some memoranda of understanding (MOUs), laying the groundwork for deals with key global partners. Despite the early setback, the Nasdaq led the recovery charge, closing the week with a remarkable 8.3% gain and recording four consecutive days of advances. The index closed at its session highs heading into the weekend, reflecting renewed confidence among traders.
The rebound was further fueled by a string of upbeat earnings results from select technology names such as Broadcom (AVGO), Intel etc, which helped ease worries stemming from recent underperformance and valuation pressures.
Positive Earnings Sentiment Builds Ahead of Big Week
In addition to easing trade concerns, investor confidence was buoyed by recent better-than-expected earnings announcements from some leading tech firms. These results served as a prelude to what could be a blockbuster earnings week ahead.
Looking to next week, several high-profile companies are set to report their Q1 2025 earnings.
Key Earnings Schedule: Week of April 29 – May 3
Monday, April 29
Before Market Open:
- Domino’s Pizza (DPZ) – Eyes on delivery growth and digital strategy amid slowing consumer spending.
- MGM Resorts (MGM) – Investors watching for Las Vegas and Macau recovery trends.
After Market Close:
- Waste Management (WM) – Focus on commercial volume and recycling margins.
- NXP Semiconductors (NXPI) – Auto chip demand and inventory cycles in focus.
- F5 Networks (FFIV) – Update expected on AI-driven demand for application security.
- Teradyne (TER) – Semiconductor test equipment demand a key metric.
Tuesday, April 30
Before Market Open:
- SoFi (SOFI) – Lending growth and member expansion to be watched closely.
- PayPal (PYPL) – Market eyes new CEO’s progress and margin improvement.
- UPS – Key gauge of global economic activity and e-commerce shipping volumes.
- JetBlue (JBLU) – Focus on profitability and cost controls post-spinoffs.
- Coca-Cola (KO) – Revenue resilience amid macro pressures.
- Pfizer (PFE) – Watch for commentary on post-COVID pipeline.
- Royal Caribbean (RCL) – Booking strength and margin guidance in focus.
- Spotify (SPOT) – User growth and monetization updates expected.
- Altria (MO) – Investor focus on smoke-free product transition.
After Market Close:
- Visa (V) – Global payment volumes and cross-border recovery key.
- Starbucks (SBUX) – China recovery and loyalty program growth in spotlight.
- Snap Inc. (SNAP) – Focus on ad revenue and user engagement trends.
- First Solar (FSLR) – Solar demand outlook amid policy tailwinds.
- PPG Industries (PPG) – Paint/coatings volume recovery and cost pass-throughs.
- Booking Holdings (BKNG) – Demand recovery and booking trends after Q1 season.
Wednesday, May 1
Before Market Open:
- Humana (HUM) – Medicare Advantage and medical loss ratio updates in focus.
- Caterpillar (CAT) – Economic barometer; orders and China commentary key.
- Vulcan Materials (VMC) – Infrastructure-linked revenue growth expected.
- Western Digital (WDC) – Memory pricing and AI storage demand in spotlight.
- Generac (GNRC) – Weather-driven demand and battery storage sales trends.
- International Paper (IP) – Packaging demand outlook important.
- Hess (HES) – Energy production and M&A status updates expected.
After Market Close:
- Microsoft (MSFT) – Cloud, AI and Azure revenue closely tracked.
- Meta (META) – Reels monetization and Reality Labs spending a focus.
- Robinhood (HOOD) – User growth and revenue diversification in view.
- Qualcomm (QCOM) – Smartphone cycle and AI chip demand on radar.
Thursday, May 2
Before Market Open:
- Eli Lilly (LLY) – Blockbuster drug Mounjaro and obesity pipeline in focus.
- Roblox (RBLX) – Engagement metrics and platform monetization important.
- CVS Health (CVS) – Pharmacy margins and insurance unit updates.
- Mastercard (MA) – Global spending volumes and consumer resilience.
- SiriusXM (SIRI) – Streaming competition impact on earnings.
- McDonald’s (MCD) – Same-store sales and pricing strategies in focus.
- Shake Shack (SHAK) – Margin recovery and expansion pipeline.
After Market Close:
- Amazon (AMZN) – AWS growth and consumer business performance key.
- Apple (AAPL) – iPhone demand, services growth, and China headwinds closely watched.
- Airbnb (ABNB) – Travel demand and pricing trends in spotlight.
Friday, May 3
Before Market Open:
- ExxonMobil (XOM) – Energy prices and capital spending in focus.
- Chevron (CVX) – Updates on upstream production and shareholder returns.
- Cigna (CI) – Health insurance growth and claims management key.
- Wendy’s (WEN) – Traffic growth and value menu strategy updates expected.
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