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šUpcoming Economical Events To Watch:
š¹ Amazon $AMZN Earnings - Tuesday [30-04]
š¹ AMD $AMD Earnings- Tuesday [30-04]
š¹Super Micro $SMCI Earnings - Tuesday [30-04]
š¹ ADP Payrolls - Wednesday [01-05]
š¹ ISM Manufacturing PMI - Wednesday [01-05]
š¹JOLTS Job Openings - Wednesday [01-05]
š¹Fed Rate Decision - Wednesday [01-05] šØ
š¹Powell Press Conference - Wednesday [01-05]
š¹ Initial Jobless Claims - Thursday [02-05]
š¹Apple $AAPL Earnings - Thursday [02-05]
š¹ U.S. Jobs Report - Friday [02-05]
š¹ISM Services PMI - Friday [02-05]
-Stocks rose as a solid earnings season propped up the market despite bets the Federal Reserve will keep interest rates higher for longer.
- After pulling back for the most part in April, equities staged a rebound toward the end of the month. Early results from the reporting season suggest that over 80% of US companies are beating expectations.
- Following strong results from its āMagnificent Sevenā counterparts, Amazon.com Inc. is seen joining the pack this week with a jump in sales. Apple Inc. had a tougher time, with revenue and profit expected to be lower as iPhone sales slid.
- Investors are faced with a call on whether the weakness in stocks seen earlier this month was only a blip or if delayed policy easing will pull the market back down again.
- The strategist noted that although the share of companies beating analystsā profit estimates was āstrong,ā the reaction in share prices was still muted as valuations were inflated following a record-breaking rally this year.
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