Get ahead of the market by subscribing to Seeking Alpha’s Stocks to Watch, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports and conference presentations. Stocks to Watch subscribers can also tune in on Sundays for a curated podcast that’s available on Seeking Alpha, Apple Podcasts, Stitcher and Spotify.

The week begins slowly with many markets across the world observing the Easter Monday holiday. However, the quiet start serves as a calm before the storm as not only key CPI and PPI prints are due in mid-week, but a host of key earnings reports. Namely, a host of big banks, including JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), and Citi (NYSE:C) are due to report quarterly results for the first time since the financial sector was hit by the biggest banking crisis since the Great Recession. Seeking Alpha contributors Logan Kane and Jonathan Weber voiced the belief that JPMorgan (JPM) is a Buy, with Weber advising that the outlook for the big bank remains compelling amidst the sector’s turmoil. As bank earnings season progresses, smaller banks like PacWest Bancorp (PACW), First Republic Bank (FRC), and Western Alliance Bank (WAL) were rated Sells by Kane.

Ahead of Friday’s focus on financials, the earnings slate is somewhat thin, with supermarket chain Albertsons Companies (NYSE:ACI) and Delta Air Lines (NYSE:DAL) headlining a sparsely populated calendar. Instead, the focus will surely be on macro data, with not only the highly-anticipated CPI print due on Wednesday, but a host of reports from the energy sector that was recently roiled by a surprise production cut signaled by OPEC. The cartel will release its monthly oil market report in mid-week, following the US Energy Information Administration’s publication of a short-term energy



Source link

Related Article

Write a comment

Your email address will not be published. Required fields are marked *