What to Watch in the Day Ahead - Thursday, April 23
CenterPoint Energy, Inc. CNP | 0.00 | |
Ameriprise Financial, Inc. AMP | 0.00 | |
Honeywell International Inc. HON | 0.00 | |
Baker Hughes BKR | 0.00 | |
Southwest Airlines Co. LUV | 0.00 |
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Intel is expected to report a slight decline in first-quarter revenue, but investors will be looking for commentary around progress on the company's 18A manufacturing process and demand for AI CPUs.
On the U.S. economic calendar, the Labor Department will publish its weekly jobless claims data. Initial claims are expected to rise by 3,000 to 210,000 for the week ended April 18. Meanwhile, S&P Global is set to release its April flash PMI readings. Manufacturing PMI is seen edging up to 52.5 from March's final 52.3, while services PMI is expected to improve to 50.3 from 49.8. The flash composite PMI is forecast at 50.5, slightly higher than the previous final reading of 50.3.
Southwest Airlines is expected to post a profit when it reports first‑quarter results, reversing a loss a year earlier, as demand holds up and cost controls take effect. Investors will be watching for management's comments on the recent jet fuel price shock and how the carrier plans to mitigate higher fuel costs. Separately, American Airlines is expected to report a smaller first-quarter loss. Investors will be looking for signs that stronger premium and corporate demand are enough to steady an airline that remains more exposed than its larger rivals to fuel-cost pressures and execution risk.
American Express is expected to report higher first-quarter profit, as its affluent customer base continues to spend. Analysts and investors will focus on executive commentary on consumer health, as well as the impact of Middle East turmoil on the quarter and the rest of the year.
When Lockheed Martin posts its first-quarter results, analysts will be on the watch for comments on Patriot missile production amid heightened geopolitical tensions.
Blackstone is expected to report a rise in first-quarter profit. Investors will watch for commentary around private credit and other investments on its book.
Thermo Fisher is expected to publish its first-quarter results. Investor focus will be on the performance of its products used in drug development and any cost impact from the U.S.-Israel war on Iran.
Nasdaq is expected to report a rise in first-quarter profit, as the exchange operator is set to benefit from increased trading as markets remained volatile.
Oilfield services company Baker Hughes is expected to post higher first‑quarter earnings compared with a year earlier, supported by improving drilling activity as the company added oil and natural gas rigs during the period. Investors will watch out for updates on its plan to sell about $10 billion in cross‑border bonds, as well as progress in securing licenses to use key drilling equipment already in the country and to bring in rigs and specialized gear, steps seen as crucial to reviving output, though its existing licenses do not allow rig operations or expansion.
Comcast is expected to post a rise in revenue when it reports first-quarter results, driven by strong theme park attendance.
U.S. beverage maker Keurig Dr Pepper is expected to post a rise in first-quarter sales owing to steady demand for its carbonated as well as energy drinks. Investors will be looking out for any comments on its pending deal with Dutch coffee and tea group JDE Peet's, the impact of the Middle East disruption and the demand forecast for the remainder of the year.
U.S. utility Nextera Energy is expected to report a fall in the first-quarter adjusted profit, due to higher costs amid higher power demand.
Union Pacific is scheduled to report its first-quarter results. Analysts, on average, expect the railroad operator to post a year-over-year increase in both quarterly revenue and profit per share, according to LSEG data.
Honeywell is expected to post its first-quarter results before the bell, with investors expecting profits to be hurt by Middle East exposure and airline capacity cuts driven by a surge in jet fuel prices.
Newmont is due to report first‑quarter earnings, with investor attention on production and cost discipline as the world's top gold miner looks to capitalize on elevated bullion prices.
Freeport-McMoRan is scheduled to report its first-quarter earnings. Investors will be closely focused on management commentary and any updates related to the Grasberg mine, which remains a key driver of the company's operational performance and long-term outlook.
Asset and wealth manager Ameriprise Financial is expected to post higher first-quarter profit, helped by higher fee income.
Edwards Lifesciences is expected to post its first-quarter results after markets close. Investor focus will be on the performance of its artificial heart valves.
California utility PG&E Corp is expected to report a profit for its first-quarter results. Investors will be on the lookout for commentary on power demand growth driven by AI and data centers.
Hartford is scheduled to report first-quarter results after markets close. Investors will keep a close eye on management commentary on insurance pricing trends.
CenterPoint Energy is expected to post a profit in its first-quarter earnings. Investors will look for commentary on demand growth driven by AI and data centers.
Principal Financial Group is slated to report first-quarter results after markets close. Investors will parse management commentary on pricing trends and exposure to private credit.
Medical equipment maker West Pharmaceutical Services is expected to report its first-quarter results. Investor focus will be on the demand for diabetes and obesity treatments that use its medical equipment and any changes to its annual forecast.
Teck Resources is scheduled to report its first-quarter results. Investors will be on the lookout for updates on the Anglo-Teck merger and also confirmation if copper production at the Quebrada Blanca mine in Chile is reaching ramp-up targets.
On the Canadian economic calendar, Statistics Canada is scheduled to release March producer price data, which is expected to rise 1.9% month on month, following a 0.4% increase in February.
On the Latin American front, Mexico's statistics agency, INEGI, is set to publish inflation figures for April. Consumer prices are expected to rise 0.09% in the first half of April, after having risen 0.62% during the first half of March. In the 12 months through mid-April, consumer prices are forecast to rise 4.5%, down from a reading of 4.63% earlier. Retail sales for February are also due. On a monthly basis, retail sales are expected to decrease 0.1%, following an increase of 1% in January. Annually, it likely rose 4.3% following a reading of 5% previously. Argentina's statistics agency INDEC is also expected to report retail sales figures.
