3 of our stocks report earnings next week. Here's what we want to see from each
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All three major averages posted losses in a volatile week. The Dow Jones Industrial Average led the way down, tanking more than 500 points on Friday alone, and ended the week with a 2.7% decline. The broad-based S & P 500 index dropped 1.6%, while the tech-heavy Nasdaq Composite dipped 0.5%. The decline was caused by a slightly hotter-than-expected March consumer price index (CPI) report, which pushed up Treasury bond yields and forced investors to reconsider the number of interest-rate cuts this year from the Federal Reserve. The CME FedWatch Tool indicates that the best odds are for two cuts this year. The upcoming week will be driven by earnings reports from three stocks: Morgan Stanley, Abbott Labs, and Procter & Gamble. For Morgan Stanley, investors will focus on the margins in wealth management and a regulatory probe into that division. Abbott Labs is expected to show strong organic growth, particularly in its nutrition, established pharmaceuticals, medical devices, and diagnostics divisions. Procter & Gamble is expected to show growth in all key segments, with overall organic sales rising 3.5% over last year. Other notable macroeconomic reports to monitor include March retail sales, housing starts and building permits, and the March industrial production and capacity utilization report.

#StockMarket #Earnings #DowJones #S&p500 #Nasdaq #InterestRates #FederalReserve #MorganStanley #AbbottLabs #Procter&Gamble #RetailSales #HousingStarts #IndustrialProduction

https://www.cnbc.com/2024/04/13/3-of-our-stocks-report-earnings-heres-what-we-want-to-see-from-each.html