Starting today, Monday April 27, investors will start to get an early read on the scale of the economic damage from the coronavirus pandemic. One hundred forty-two S&P 500 companies are set to report Q1 2020 earnings and their Q2 outlook. Traders and investors are of course expecting the worst, and much, if not all of that bad news has been priced in — at least that is the prevailing opinion.
Today/Monday, we’ll here from Adidas, Bayer, Keurig and Dr. Pepper;
Cateerpillar, 3M, Starbucks, Ford and Alphabet/Google on Tuesday;
Boeing, FaceBook, Microsoft, GE and Tesla’
Amazon, Visa, MacDonalds, Apple and Comcast on Thursday;
Chevron, Exxon Mobil, Honeywell, The Clorox Company, and Colgate Palmolive will end the trading week.
Very few will be looking at earnings; but, forward guidance. On Wednesday, the Federal Reserve will conclude a two day meeting and hold a news conference which will no doubt ve highly watched. RCP, fortunascorner.com