All eyes this week will be on Wednesday’s March Consumer Price Index report. The overall CPI is expected to increase by 0.4% month-on-month, the same as February, and an annual increase of 3.1%, slightly lower than the previous 3.2%. The core consumer price index (CPI) fell to +0.3% month-on-month and +3.7% year-on-year.
In addition, investors will also pay attention to the minutes of the Federal Reserve’s March meeting, which are also scheduled to be released on Wednesday. Market participants will keep a close eye on meeting minutes and consumer inflation reports for further clues on the future of monetary policy after hot labor market data last week dampened the chances of a rate cut. Next week will also mark the start of the first-quarter earnings season.
Delta Air Lines (DAL) and Corona beer giant Constellation Brands (STZ) will report earnings on Wednesday and Thursday. Quarterly data from major banks including JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C), as well as BlackRock (BLK), the world’s largest asset manager, will be released on Friday.
Earnings Spotlight: Monday, April 8 – Lotus Technologies (LOT). View the full earnings calendar.
Earnings Spotlight: Tuesday, April 9 – Neogen (NEOG), PriceSmart (PSMT) and Tilray Brands (TLRY). View the full earnings calendar.
Earnings Spotlight: Wednesday, April 10 – Delta Air Lines (DAL), Applied Digital (APLD) and Lease Runway (RENT). View the full earnings calendar.
Earnings Spotlight: Thursday, April 11 – Constellation Brands (STZ), CarMax (KMX) and Fastenal (FAST). View the full earnings calendar.
Earnings Spotlight: Friday, April 12 – JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK) and Citigroup (C). View the full earnings calendar.
Volatility Watch: Options trading on TeraWulf (WULF) and Aurora Cannabis (ACB) increased. The most overbought stocks according to the 14-day relative strength index include AltC Acquisition (ALCC), SIGA Technologies (SIGA) and Kulr Technology Group (KULR). The most oversold stocks on the 14-day relative strength index include Disc Medicine Inc (IRON), Amylyx Pharmaceuticals (AMLX) and Humana (HUM).
IPO Watch: Companies expected to launch IPOs in the coming week include Neonc Technologies (NTHI), UL Solutions (ULS) and Cleancore Solutions (ZONE). Birkenstock (BIRK) will also be on the radar, with its IPO lock-up period set to expire on April 8.
Investor Activities: Intel (INTC) will host the Intel Vision event in Phoenix, Arizona. The theme of this year’s event is “Making Artificial Intelligence Ubiquitous”. The three-day Google (GOOG) (GOOGL) Cloud Next event is also taking place this week. The tech giant will showcase artificial intelligence assistant Gemini, Generative AI Studio and AI Platform tools during the event. Marvell Technology (MRVL) will host a special event titled “Accelerating Infrastructure for the AI Era.” Management is expected to discuss the overall addressable market for application-specific integrated circuits and custom ASIC ramps.
