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Illustration by Robert A. Di Ieso, Jr.
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The first quarter earnings season has arrived and 47 members of the S & P 500 index have released their results this week. Banks dominate early journalists including Goldman Sachs and Citigroup Monday, Bank of America Tuesday and Morgan Stanley on Wednesday. Tuesday is a busy day: Netflix, UnitedHealth Group, Johnson & Johnson, United Continental Holdings and International Business Machines all report. Other highlights include the results of PepsiCo Wednesday and American Express and industrial blowers Honeywell International and Danaher Thursday.
Pinterest is about to make its public debut on Thursday at the New York Stock Exchange. He is looking for a price of $ 15 to $ 17 per share and will trade under the symbol "PIN".
This week's economic data includes the National Association of Home Builders /
Wells Fargo
Housing Market Index for April Tuesday. On Thursday, the Census Bureau releases retail sales data for March and the Conference Board releases its advanced economic index for March.
Monday 15
Aphria
,
Citigroup
,
Goldman Sachs Group
, and
M & T Bank
declare earnings.
The US Federal Reserve in New York publishes its investigation into the state of the Empire State in April. Consensus estimates are in six readings, compared with 3.7 in March. A positive reading indicates that business activity in the state of New York is growing.
Apple
and
Qualcomm
face in an audience hall in San Diego about various patent litigation. Apple CEO Tim Cook is expected to speak.
Plus, it's tax day! Federal returns are due today, with the exception of residents of Maine and Massachusetts, who will receive two additional days.
Tuesday 16
Bank of America
,
Black rock
,
CSX
,
IBM
,
Johnson & Johnson
,
Netflix
,
Prologis
,
United Continental Holdings
, and
UnitedHealth Group
publish quarterly results.
Fifth Third Bank
and
whirlwind
hold their annual shareholder meetings in Cincinnati and Chicago, respectively.
The National Association of Home Builders publishes the NAHB / Wells Fargo Housing Market Index for April. Economists expect a reading of 63, against 62 in March.
Wednesday 17
Abbott Laboratories
,
ASML Holding
,
Bank of New York Mellon
,
Crown Castle International
,
E * Trade Financial
,
Kansas City Southern
,
Morgan Stanley
,
PepsiCo
, and
US Bancorp
declare earnings.
The Census Bureau reports the trade deficit in goods and services for February. We expect a deficit of $ 54 billion after a deficit of $ 51.1 billion in January.
The Census Bureau releases its report on wholesale inventories for February. Inventories are down 0.2% after a jump of 1.2% in January.
Thursday 18
American Express
,
Citizens Financial Group
,
Danaher
,
Honeywell International
,
Intuitive surgery
,
Schlumberger
,
SL Green Realty
,
Snap-on
,and
travelers
hold teleconferences on quarterly results.
Pinterest, the online image search company, is expected to start trading on the New York Stock Exchange under the symbol PIN. It should go public between $ 15 and $ 17 per share.
Humana
and
PPG Industries
hold their annual meeting of shareholders in Louisville, Kentucky, and Pittsburgh, respectively.
The Census Bureau publishes retail sales data for the month of March. Consumer spending is estimated to have risen 0.8% after an unexpected 0.2% drop in February. Excluding automobiles and gasoline, retail sales are expected to increase 0.7% after a 0.6% decline in February.
The Conference Board publishes its main economic index for March. Forecasts expect a rise of 0.4%, after rising 0.2% in February.
IHS Markit publishes its US Index of Compound Purchasing Managers in April. Economists predict a reading of 55, in line with that of March.
Friday 19th
Markets around the world, including Germany, the United Kingdom and the United States, are closed for Good Friday.
The Census Bureau releases new residential construction data for March. A seasonally adjusted annual rate of 1.30 million building permits is expected, at about the same level as in February. Housing starts are estimated at 1.25 million, which is higher than the rate of 1.16 million in February.
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