The busiest week of first-quarter earnings season is coming up. A whopping 165 S&P 500 companies are scheduled to report their results for the first three months of 2022 next week.
Big Tech giants will be among the headliners: Alphabet and Microsoft report on Tuesday, Meta Platforms on Wednesday, and Amazon.com and Appleon Thursday.
Monday's highlights will include Coca-Colaand Activision Blizzard, followed by General Electric, United Parcel Service, 3M, Chipotle Mexican Grill, Visa, GeneralMotors, PepsiCo, and Warner Bros. Discovery all on Tuesday. Wednesday will bring results from Boeing, Ford Motor, PayPal Holdings, Qualcomm, and T-Mobile US.
Intel, Twitter, Caterpillar, Comcast, Mastercard, and McDonald’s report on Thursday, then Chevron and Exxon Mobil close the week on Friday.
Notable economic data out next week includes Tuesday's Consumer Confidence Index for April from the Conference Boardand the Bureau of Economic Analysis' advance estimate for first-quarter gross domestic product on Thursday. The latter is expected to come in around 1.7%, versus the 6.9% pace of economic expansion seen in the fourth quarter.
On Friday, the BEA reports personal income and expenditures for March. Income is seen rising 0.4% month over month while spending is seen increasing 0.6%.