Wall Street Breakfast: The Week Ahead (2024)

Wall Street Breakfast

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Wall Street Breakfast: The Week Ahead (2)

All eyes next week will be on the latest U.S. personal income and outlays report, due Friday. The data will also contain readings on the Federal Reserve's preferred inflation gauge - the personal consumption expenditures price index. Also, Thursday will see the publication of the first estimate of U.S. GDP growth in Q1.

Following this week's developments between Israel and Iran, market participants will likely continue to be on edge as they keep an eye on the situation in the Middle East. Treasury yields and oil will be on watch.

Finally, the chunk of next week's spotlight will be dominated by the first quarter earnings season, which will heat up and see hundreds of companies announcing their numbers. The biggest names set to report include "Magnificent 7" club members Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Meta Platforms (META) and Tesla (TSLA).

Earnings spotlight: Monday, April 22 - Verizon (VZ), Truist (TFC), and Albertsons Companies (ACI). See the full earnings calendar.

Earnings spotlight: Tuesday, April 23 - Visa (V), Tesla (TSLA), PepsiCo (PEP), Texas Instruments (TXN), Philip Morris International (PM), UPS (UPS), Lockheed Martin (LMT), Mattel (MAT), and General Motors (GM). See the full earnings calendar.

Earnings spotlight: Wednesday, April 24 - Meta Platforms (META), IBM (IBM), AT&T (T), Boeing (BA), Chipotle (CMG), General Dynamics (GD), Hilton Worldwide (HLT), and Ford Motor (F). See the full earnings calendar.

Earnings spotlight: Thursday, April 25 - Microsoft (MSFT), Alphabet (GOOG), Merck (MRK), Caterpillar (CAT), Comcast (CMCSA), Intel (INTC), and Altria Group (MO). See the full earnings calendar.

Earnings spotlight: Friday, April 26 - TotalEnergies (TTE), Exxon Mobil (XOM), AbbVie (ABBV), Chevron (CVX), and Colgate-Palmolive (CL). See the full earnings calendar.

Volatility watch: Options trading volume is elevated on Snap (NYSE:SNAP) and Summit Therapeutics (SMMT). Short interest moved even higher over the last week on B. Riley Financial (RILY) and Beyond Meat (BYND). The most overbought stocks per their 14-day Relative Strength Index include Macatawa Bank (MCBC), Coupang (CPNG), and Alpine Immune (ALPN). The most oversold stocks per their 14-day Relative Strength Index include Sunoco (SUN), Capri Holdings (NYSE:CPRI), and Perion (PERI). Traders will also be on high alert when the FTC holds a closed-door meeting on April 22. The Tapestry (NYSE:TPR)-Capri Holdings (CPRI) deal is at risk of being blocked.

IPO watch: Companies expected to launch their IPOs in the week ahead include mF International (MFI), YY Group Holding (YYGH), Rubrik (RBRK), Marex Group (MRX), and Loar Holdings (LOAR). The IPO quiet periods end on Boundless Bio (BOLD), U-BX Technology (UBXG), and Alta Global Group (MMA) to free up analysts to post ratings.

Investor events: The TotalEnergies (TTE) board is expected to decide if a resolution to split the roles of CEO and chairman will be included at the annual general meeting in May. A group of investors has said the move could accelerate the company's shift away from fossil fuels. The crypto world will have its eyes on the two-day World Blockchain Summit in Dubai. The Stripe Sessions Conference will include talks by Stripe (STRIP) CEO Patrick Collison, Nvidia (NVDA) CEO Jensen Huang, Instacart (CART) CEO Fidji Simo, and Urban Outfitters (URBN) CTO David Hayne. Volkswagen (OTCPK:VLKAF) will hold its China Capital Markets Day in Beijing. Management from the regional brands will showcase their respective product strategies for China, followed by deep dives highlighting technologies and partnerships. The World Energy Congress in Rotterdam during the week will include talks by Saudi Aramco (ARMCO) CEO Amin Nasser and TotalEnergies (TTE) CEO Patrick Pouyanne.

In Case You Missed It ...

Here's what's brewing for Magnificent 7 stocks reporting next week

Semiconductors likely to offer up 'muted' earnings season: Citi

New constituents of Goldman Sachs’ ROE growth basket

Lockheed wins U.S. missile defense contract worth $17B

Real estate stocks continue on downward trajectory as market's April pullback intensifies

Google doing more layoffs, restructuring including country moves

14 companies with a near-term catalyst around 1Q earnings

BofA’s US 1 List - New additions include CSCO, GS and SPGI

Wall Street Breakfast

Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy readability on the site or by email (including mobile devices), and is published before 7:30 AM ET every market day. Wall Street Breakfast's readership of over 3.4 million includes many from the investment banking and fund management industries. Sign up here to receive the Wall Street Breakfast in your inbox every business day.Check out our Podcast RSS feed

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Wall Street Breakfast: The Week Ahead (2024)

FAQs

Does premarket trading predict? ›

Extended-hours trading in stocks takes place on electronic markets known as ECNs before the financial markets open for the day, as well as after they close. This activity can help investors predict the open market direction.

Should I pull my money out of the stock market? ›

Key Takeaways. While holding or moving to cash might feel good mentally and help avoid short-term stock market volatility, it is unlikely to be wise over the long term. Once you cash out a stock that's dropped in price, you move from a paper loss to an actual loss.

What is the stock market prediction for 2024? ›

Wall Street analysts' consensus estimates predict 3.6% earnings growth and 3.5% revenue growth for S&P 500 companies in the first quarter. Analysts project full-year S&P 500 earnings growth of 11.0% in 2024, but analysts are more optimistic about some market sectors than others.

What stocks does Wallstreetbets recommend? ›

Performance Comparison
  • SPCE. Virgin Galactic Holdings.
  • PLTR. Palantir Technologies. 22.52.
  • TSLA. Tesla.
  • LCID. Lucid Group.
  • IRNTQ. ―
  • SOFI. SoFi Technologies. 7.87. 1.81. 29.87%
  • AMD. Advanced Micro Devices. 157.40. 69.96. 80.01%
  • PTON. Peloton Interactive. 3.16. -5.60. -63.93%

What is the most accurate stock predictor? ›

1. AltIndex – Overall Most Accurate Stock Predictor with Claimed 72% Win Rate. From our research, AltIndex is the most accurate stock predictor to consider today. Unlike other predictor services, AltIndex doesn't rely on manual research or analysis.

Should you buy during pre-market? ›

Pre-market trading can be a good way to get into the market or out of it, particularly for widely followed stocks and funds. With pre-market trading, you can place trades before much of the market is ready to act. Despite this advantage, pre-market trading is not without some drawbacks.

At what age should you get out of the stock market? ›

There are no set ages to get into or to get out of the stock market. While older clients may want to reduce their investing risk as they age, this doesn't necessarily mean they should be totally out of the stock market.

What happens to 401k if the stock market crashes? ›

Your investment is put into various asset options, including stocks. The value of those stocks is directly tied to the stock market's performance. This means that when the stock market is up, so is your investment, and vice versa. The odds are the value of your retirement savings may decline if the market crashes.

Should I be in cash in 2024? ›

Looking to 2024 and beyond, with Statista stating inflation is at an 'exceptionally high eight percent' and predicting it will persist above the target two percent for years to come, cash will continue to have particular significance within the economy for individuals using it as a budgeting aid, and those wanting to ...

Will 2024 be a bull or bear market? ›

Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.

How high will the stock market be by 2025? ›

S&P 500 could hit 6,500 by end-2025, says Capital Economics.

Where will the Dow be in 5 years? ›

Long Forecast
YearOpen, $Close, $
December 20244537046983
December 20275850956472
January 20285647259561
April 20285616553195
5 more rows

What is the hottest stocks right now? ›

Most Actives
SymbolNamePrice (Intraday)
NVDANVIDIA Corporation879.18
FFord Motor Company12.85
MARAMarathon Digital Holdings, Inc.19.47
AMDAdvanced Micro Devices, Inc.157.96
20 more rows

What is the best stock to make money fast? ›

Money Making Stocks To Invest In
  • Airbnb, Inc. (NASDAQ:ABNB)
  • Novo Nordisk A/S (NYSE:NVO)
  • ASML Holding N.V. (NASDAQ:ASML)
  • Lockheed Martin Corporation (NYSE:LMT)
  • Cisco Systems, Inc. (NASDAQ:CSCO)
  • PDD Holdings Inc. (NASDAQ:PDD)
  • The Home Depot, Inc. (NYSE:HD)
  • Booking Holdings Inc. (NASDAQ:BKNG)
Dec 30, 2023

What is the hottest stock to invest in? ›

10 Best Growth Stocks to Buy for 2024
StockImplied upside from April 25 close*
Nvidia Corp. (ticker: NVDA)21%
Alphabet Inc. (GOOG, GOOGL)12.2%
Meta Platforms Inc. (META)22.3%
JPMorgan Chase & Co. (JPM)11.2%
6 more rows
2 days ago

Why do stocks move before premarket? ›

There is 24-hour access to markets, if you know where to look. Stock fluctuations occur in pre-market hours, because people have urges to trade at non-customary times (which could be defined narrowly as when the NYSE is open), and find places to trade then.

How to tell if a market will open up or down? ›

Understanding gap-ups and gap-downs

A full gap up occurs when the next day opening price is higher than the high price of the previous day. Check the chart below, where the green arrow depicts the gap up point. A full gap-down occurs when the opening price of the stock is lower than the previous day's low price.

How can I predict tomorrow's stock market? ›

Some of the common indicators that predict stock prices include Moving Averages, Relative Strength Index (RSI), Bollinger Bands, and MACD (Moving Average Convergence Divergence). These indicators help traders and investors gauge trends, momentum, and potential reversal points in stock prices.

How to find pre-market movers? ›

The easiest way to find pre-market gappers is to use a stock scanner. Simply search for stocks for which the current day's opening price is greater or less than the previous day's closing price.

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