What to Watch in the Day Ahead - Thursday, April 25
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In the tech industry, Microsoft's revenue is expected to have grown 15% as AI investments drive gains in its cloud computing and enterprise software businesses, supported by a recovery in the PC market. Investors will pay close attention to its comments on AI, how new capabilities drew consumers, and further investments planned in the area when the tech giant releases its third-quarter results.
Separately, Wall Street expects Alphabet to report a rise in first-quarter revenue as growing AI adoption propels its Google Cloud business. Analysts expect the company to provide details on its plans to monetize its AI propositions.
Data from the Commerce Department's Bureau of Economic Analysis is expected to show a slowdown in U.S. economic growth. The advance estimate is likely to show the gross domestic product likely grew at a 2.4% annualized rate during the first quarter. This compared to a 3.4% annualized rate of growth reported in the last quarter of 2023. The Labor Department's weekly jobless claims data is likely to show initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 215,000 for the week ended April 20. Meanwhile, the number of people receiving benefits after an initial week of aid likely fell to 1.805 million from 1.812 million during the week ending April 13.
Merck is scheduled to report its first-quarter earnings. Focus is expected to be on sales of cancer therapy Keytruda and vaccine Gardasil, as well as the company's new drug Winrevair.
Caterpillar is expected to report a rise in first-quarter revenue, helped by strong demand for its heavy machinery and equipment as construction demand remains healthy on infrastructure spending. Investors will be focused on the company's inventory, its 2024 outlook, and its commentary on margins and the agriculture industry's down-cycle.
Intel is scheduled to report first-quarter results. Investors will focus on indicators of demand from the personal computer market and the impact of the company's foundry business on its results.
T-Mobile is expected to post a rise in first-quarter revenue, helped by customers opting for its more affordable plans.
Comcast is expected to report a revenue rise in the first quarter, driven by strong adoption of its streaming services and demand for experiences offered at its theme parks.
Bristol Myers Squibb will likely report first-quarter earnings before markets open. Focus is expected to be on the drugmaker's outlook for this year and comments around the integration of its recently completed multi-billion acquisitions of Mirati, Karuna Therapeutics, and RayzeBio.
U.S. Treasury Secretary Janet Yellen will be interviewed at a Reuters Next Newsmaker event.
Gilead Sciences is set to report first-quarter results after the bell. Investors will look for updates to the U.S. drugmaker's 2024 forecast amid recent clinical trial failure setbacks, the performance of its HIV drugs in the first quarter, and any commentary on its recent $4.3 billion buyout of CymaBay Therapeutics as the company looks beyond its older HIV drugs for growth.
Meanwhile, Edwards Lifesciences will also report first-quarter results after the bell. Investors will look out for its second-quarter profit outlook, the performance of its artificial heart valves, the company's lead product, in the current quarter amid rising competition from peers and a rebound in certain surgical procedures that were otherwise delayed by pandemic-induced curbs along with an ease in staffing shortages.
American Airlines will report its first-quarter earnings. The airline is expected to report a rise in revenue. Investors will look out for comments on summer travel demand and the rebound in business travel.
Southwest Airlines will report its first-quarter earnings, and it is expected to report a rise in revenue while losses are expected to widen. Investors will be looking out for comments on aircraft delivery schedules from Boeing and the airline's capacity expansion plans.
Bombardier is expected to report higher first-quarter cash burn and flat revenues compared with the same three months a year earlier, as growth in business jet travel levels off after steep gains following the pandemic.
Royal Caribbean is expected to post a rise in first-quarter revenue on the back of strong demand for cruises. Investors will watch out for comments on the impact of higher fuel costs and Middle East tensions on the company's operations.
Honeywell International is expected to report a jump in first-quarter profit on strong performance in its aviation business. Investors will be closely looking at the company's forecast.
Chipmaking tools manufacturer KLA is expected to report a fall in third-quarter revenue as the firm grapples with sluggish demand for its products in an uncertain economy.
Also, Microsoft-backed cybersecurity software firm Rubrik's stock is expected to start trading on the NYSE after its initial public offering.
Dow is expected to report a fall in first-quarter revenue due to low demand in key markets. Analysts will examine the outlook for the latter half of the year.
Tobacco giant Altria is due to report its first-quarter results.
Exchange operator Nasdaq is due to report its first-quarter earnings.
Meanwhile, Beverage maker Keurig Dr Pepper is expected to post a rise in first-quarter revenue, helped by steady demand for its sodas and tonic water. Investors will look for comments on pricing actions, demand, and annual forecasts.
Harley-Davidson is expected to report a decline in first-quarter profit compared to a year ago, as leisure purchases remain pressured amid high borrowing costs. Investors will be looking for commentaries on the demand environment and updates on the launch of its new 2024 models.
Capital One Financial is expected to post a jump in first-quarter profit as the consumer lender charged higher interest rates on loans, boosting its interest income.
Arthur J. Gallagher is expected to report a jump in first-quarter profit as the insurance brokerage helped by higher commissions and fees.
Medical equipment maker West Pharmaceutical Services will report its first-quarter results. Investors will watch out for comments on demand for its syringe manufacturing as the FDA evaluated plastic syringes made in China and demand for injected drugs, including the popular Wegovy and Mounjaro, continues to grow.
Farming supplies retailer Tractor Supply is expected to post a rise in first-quarter revenue, helped by steady demand for discretionary and agricultural products. Investors will look for comments on demand, pricing action, the impact of Red Sea disruptions, and annual forecasts.
Insurance broker Willis Towers Watson is scheduled to report its first-quarter earnings. Analysts expect its profit to grow, helped by strong performance across units.
Juniper Networks is expected to post lower first-quarter revenue. The company's revenue will be hit by weak spending by its cloud computing and enterprise clients in an uncertain economy.
Healthpeak Properties will report first-quarter results after market close. Investors will monitor the real estate investment trust's performance post its merger with Physicians Realty Trust, any updates to its 2024 forecast, and commentary on demand for its medical office and life science properties.
Lazard will post a higher first-quarter profit helped by a rebound in dealmaking that boosted investment banking revenue.
Roku is expected to post a 14.52% rise in revenue in the first quarter, helped by customers moving to ad-based streaming.
Utility firm CMS Energy is expected to report a rise in first-quarter profit. Investors will look for updates on the company's ongoing rate cases and plans to improve reliability and add renewables.
Compiled by Shreya Sabharwal in Bengaluru; Editing by Tasim Zahid
متعلقہ اثاثے
تازہ ترين خبريں
دستبرداری: XM Group کے ادارے ہماری آن لائن تجارت کی سہولت تک صرف عملدرآمد کی خدمت اور رسائی مہیا کرتے ہیں، کسی شخص کو ویب سائٹ پر یا اس کے ذریعے دستیاب کانٹینٹ کو دیکھنے اور/یا استعمال کرنے کی اجازت دیتا ہے، اس پر تبدیل یا توسیع کا ارادہ نہیں ہے ، اور نہ ہی یہ تبدیل ہوتا ہے یا اس پر وسعت کریں۔ اس طرح کی رسائی اور استعمال ہمیشہ مشروط ہوتا ہے: (i) شرائط و ضوابط؛ (ii) خطرہ انتباہات؛ اور (iii) مکمل دستبرداری۔ لہذا اس طرح کے مواد کو عام معلومات سے زیادہ کے طور پر فراہم کیا جاتا ہے۔ خاص طور پر، براہ کرم آگاہ رہیں کہ ہماری آن لائن تجارت کی سہولت کے مندرجات نہ تو کوئی درخواست ہے، اور نہ ہی فنانشل مارکیٹ میں کوئی لین دین داخل کرنے کی پیش کش ہے۔ کسی بھی فنانشل مارکیٹ میں تجارت میں آپ کے سرمائے کے لئے ایک خاص سطح کا خطرہ ہوتا ہے۔
ہماری آن لائن تجارتی سہولت پر شائع ہونے والے تمام مٹیریل کا مقصد صرف تعلیمی/معلوماتی مقاصد کے لئے ہے، اور اس میں شامل نہیں ہے — اور نہ ہی اسے فنانشل، سرمایہ کاری ٹیکس یا تجارتی مشورے اور سفارشات؛ یا ہماری تجارتی قیمتوں کا ریکارڈ؛ یا کسی بھی فنانشل انسٹرومنٹ میں لین دین کی پیشکش؛ یا اسکے لئے مانگ؛ یا غیر متنازعہ مالی تشہیرات پر مشتمل سمجھا جانا چاہئے۔
کوئی تھرڈ پارٹی کانٹینٹ، نیز XM کے ذریعہ تیار کردہ کانٹینٹ، جیسے: راۓ، خبریں، تحقیق، تجزیہ، قیمتیں اور دیگر معلومات یا اس ویب سائٹ پر مشتمل تھرڈ پارٹی کے سائٹس کے لنکس کو "جیسے ہے" کی بنیاد پر فراہم کیا جاتا ہے، عام مارکیٹ کی تفسیر کے طور پر، اور سرمایہ کاری کے مشورے کو تشکیل نہ دیں۔ اس حد تک کہ کسی بھی کانٹینٹ کو سرمایہ کاری کی تحقیقات کے طور پر سمجھا جاتا ہے، آپ کو نوٹ کرنا اور قبول کرنا ہوگا کہ یہ کانٹینٹ سرمایہ کاری کی تحقیق کی آزادی کو فروغ دینے کے لئے ڈیزائن کردہ قانونی تقاضوں کے مطابق نہیں ہے اور تیار نہیں کیا گیا ہے، اسی طرح، اس پر غور کیا جائے گا بطور متعلقہ قوانین اور ضوابط کے تحت مارکیٹنگ مواصلات۔ براہ کرم یقینی بنائیں کہ آپ غیر آزاد سرمایہ کاری سے متعلق ہماری اطلاع کو پڑھ اور سمجھ چکے ہیں۔ مذکورہ بالا معلومات کے بارے میں تحقیق اور رسک وارننگ ، جس تک رسائی یہاں حاصل کی جا سکتی ہے۔
