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ON MONDAY
Ford Motor Co is expected to report a fall in sales and profit when it reports first-quarter results.
On the U.S. economic front, the Institute for Supply Management's non-manufacturing PMI for April is forecast to be at 50.2, slightly down from March's 50.8. The S&P Global services and composite PMI readings for April will also be released.
Mattel is expected to report a dip in first-quarter revenue on weak demand for its Barbie toys and digital games amid an uncertain economic backdrop wrought by chaotic tariffs. Investors will look out for any changes to the impact from China tariffs and the demand slowdown in the toy industry. Comments on supply chain strategies and price increases will also be in focus.
Tyson Foods is expected to post a rise in second-quarter revenue on chicken and beef demand. Investors will look for comments on forecasts, about Trump tariffs affecting trade or immigration policy affecting the workforce, cattle supply and cost savings measures.
Oil and gas firm Diamondback Energy is expected to report a rise in first-quarter profit, on the back of higher natural gas prices. Investors and analysts will look out for comments on tariffs and full-year growth expectations.
Cummins is expected to report lower revenue and profit when it reports earnings for the first quarter. Investors will be looking for commentary related to tariffs.
Palantir Technologies is expected to report a 36% jump in first-quarter revenue, with investors focusing on the data analytics company's attempts to diversify beyond its mainstay government business.
Air Lease Corp is expected to report higher quarterly revenues in the first quarter on strong travel demand during the first three months of the year. The lessor is expected to get questions about the retirement of executive chairman Steven Udvar-Hazy and a U.S.-led trade dispute that has weighed on travel demand.
Specialty insurer Aspen Insurance is set to go public again in the United States after more than six years. Wall Street will closely watch for the debut to assess investor appetite for new stocks amid tariff-driven turmoil.
Brazil's April IPC-Fipe inflation data is set for release.
REST OF THE WEEK
Next week's U.S. economic calendar is relatively quiet, but it features key updates like the Federal Reserve's interest rate decision and international trade balance data for March. The Federal Reserve Open Markets Committee $(FOMC)$ begins its two-day meeting on Tuesday, with expectations that the Fed Funds Target rate will stay at 4.25-4.5%. Markets will be closely watching the Fed's statement for any hints about future rate changes. Additionally, Fed Chair Jerome Powell will hold a news conference on Wednesday to discuss the outcomes. On Thursday, a report from the Labor Department is expected to show that initial jobless claims have likely decreased by 10,000 to 231,000 for the week ending May 3. Also, the international trade balance data for March is expected to be released on Tuesday, with the trade deficit likely widening to $136.9 billion in March from $122.7 billion in February.
A slew of Fed speakers are scheduled to participate at various events on Friday. To begin with, Federal Reserve Bank of New York President John Williams is expected to speak before the Reykjavik Economic Conference, organized by the Central Bank of Iceland and the Center for International Macroeconomics at Northwestern University. In addition, Williams will also participate via a pre-recorded video on "Taylor Rules in Policy" before the Hoover Monetary Policy Conference in California. At the same Hoover event, Cleveland Fed President Beth Hammack and Federal Reserve Bank of St. Louis President Alberto Musalem will participate in a monetary policy panel. Rounding out the day, Federal Reserve Bank of Chicago President Austan Goolsbee will give welcome and opening remarks before the "Fed Listens: Perspectives from the Midwest" event in Chicago.
Uber is expected to report a 15% rise in quarterly revenue on Wednesday, the slowest in over a year. Analysts expect the company to provide further guidance on how it looks to tackle an uncertain economy and color on demand for rideshare and delivery services. Additionally, Lyft is expected to report its first-quarter earnings on Thursday. Analysts expect Lyft's revenue to rise 15%, marking the slowest growth in more than a year. Wall Street expects details on how the company plans to navigate an uncertain economy and growing momentum in the robotaxi sector.
AMD is expected to report a 30% jump in first-quarter revenue on Tuesday, with investors focusing on indications of demand for its AI chips and sales in its core PC and server CPU businesses amid widespread trade tensions.
Marriott is expected to report its first-quarter earnings on Tuesday before markets open. Investors and analysts will be closely watching for comments on travel demand and per-night room pricing in the U.S. amid economic uncertainty and poor consumer sentiment. They will also be interested in commentary regarding the pullback in U.S. visitation from Canadian, Mexican and European tourists.
ConocoPhillips will report first-quarter results on Thursday before markets open. Investors will likely focus on updates regarding its planned restructuring as well as the impact of tariffs and weak commodity prices on output and profitability. Separately, Suncor Energy will report quarterly results on Tuesday after market close, where investors will focus on any commentary on the newly elected Canadian government and its policies, as well as tariffs.
Rivian is likely to report its first-quarter results on Tuesday. Analysts expect a revenue of $1 billion, down about 17% from a year ago, due to soft demand, partially because of the impact of fires in Los Angeles. Wall Street expects details on how the company plans to mitigate tariff costs. Separately, on Tuesday, Lucid is expected to report a sharp rise in first-quarter revenue, but investors will be awaiting details on the company's long-term strategy after the CEO stepped down earlier this year and whether EV maker will stick to its production forecast amid tariff uncertainty.
DoorDash is expected to post a rise in first-quarter revenue on Wednesday, benefiting from consumer demand for its platform to order groceries to beauty products. Investors will look for comments regarding its forecast, partnership with Uber, and costs.
Coty is expected to post a drop in third-quarter sales on Tuesday, as the broader beauty market witnesses a slowdown from consumers paring back spending on cosmetics and makeup. Investors will look for comments regarding mitigation plans due to Trump tariffs, changes to the forecast and any changes to consumer sentiment.
AMC Entertainment is expected to report a 12% decline in revenue for the first quarter amid economic uncertainty and recession fears as people might be cutting on their discretionary spending on Wednesday.
Coinbase is expected to report a drop in first-quarter profit as tariffs-induced volatility in the markets dragged bitcoin as investors rushed to safer assets to park their money on Thursday.
On Thursday, Arm Holdings is expected to report a 32% jump in fourth-quarter revenue, with investors focusing on the chip architecture provider's traction in the AI market.
Electronic Arts is expected to report a fall in fourth-quarter revenue on Tuesday, as the videogame publisher grapples with sluggish demand for its core titles amid a broader pullback in consumer spending owing to tariff uncertainty.
Carlyle Group is set to report its first-quarter results on Thursday. Analysts will parse commentary from top executives to get insights about its investment strategy, especially as several peers have said they are capitalizing on the volatility to hunt for assets at a bargain price.
Match Group is expected to report a revenue decline of 3% in the first quarter amid market stagnation and a lack of new features, while investors look forward to new strategies to enhance the user base on Thursday. Separately, on Wednesday, Bumble is expected to report a 7% revenue decline in the first quarter as the Bumble app turnaround might take a bit longer, especially with the executive shake-ups. Investors have been a bit optimistic about the return of its founder, Wolfe Herd, as CEO to revive growth.
On Tuesday, global grain trader Archer-Daniels-Midland will report first-quarter earnings as the agribusiness battles a commodities market downturn worsened by rising global trade tensions. Thin oilseed processing margins and US biofuel policy uncertainty are adding headwinds for ADM, which is still reeling from an accounting scandal last year. Meanwhile, Global grain trader and oilseed processor Bunge Global will report first-quarter earnings amid a downturn in crop prices and rising global trade tensions that have upended commodity flows around the world on Wednesday. Thin soy crush margins created further headwinds for the world's largest oilseed processor, which is waiting on regulatory approval from China for its acquisition of grain handler Viterra.
Tapestry is likely to post a growth in third-quarter revenue on Thursday as it rides a demand wave for its Tabby handbags and other accessories, and is aided by limited exposure to tariffs imposed by the Trump administration. Investors will look out for management comments related to strategies to ramp growth amid a consumer slowdown in spending.
Pinterest is expected to report a higher first-quarter revenue on Thursday. But the social media company's revenue is expected to slow in the quarter. Investors will be looking for commentary on digital advertising spending at a time when tariff-related uncertainty, combined with the ending of a duty-free import loophole, could shift marketing budgets to bigger platforms and delay certain campaign schedules.
The New York Times is expected to report a rise in first-quarter revenue on Wednesday, benefiting from higher subscriber additions for its bundle offerings.
Peloton is set to report its third-quarter earnings results on Thursday before markets open. This will be the company's first quarter under new CEO Peter Stern, who took charge on January 1. Investors are expected to focus on commentary around demand, growth in its subscription services business and revenue forecast for the current quarter.
Wynn Resorts is expected to report its first-quarter earnings on Tuesday. Analysts expect the company to report a year-over-year fall in revenue and per-share profit, according to data compiled by LSEG.
Corteva is expected to report a slight fall in first-quarter profit on Wednesday. Investors will be looking out for commentary on global demand trends and whether the company expects any impact from Donald Trump's sweeping tariffs.
Betting group Flutter Entertainment is expected to report a rise in first-quarter core profit, driven by growth in its U.S. brand FanDuel and a lift from its acquisition of Snaitech from rival Playtech on Wednesday. Commentary on consumer sentiment and demand from Flutter, the world's largest online betting company, in light of escalating geopolitical and economic uncertainties, will be on investors' watchlist.
CF Industries will report first-quarter results on Wednesday after market close. Investors will be on the lookout for comments on the outlook for fertilizer demand amid ongoing uncertainty tied to potential tariffs and trade retaliation.
Beer maker Molson Coors is expected to post a decline in first-quarter revenue on Thursday, hurt by tepid demand for its products. Investors will look for comments on the forecast, demand, pricing actions, and impacts of tariffs.
Can maker Ball Corp is expected to post a rise in first-quarter revenue on Tuesday, hurt by slowing demand for alcoholic drinks. Investors will look out for comments on cost-cutting measures, forecasts and impact from tariffs, especially on aluminium.
On Thursday, Shopify is expected to report a rise in first-quarter revenue, as its AI tools and platform upgrades drive more merchant adoption, but questions remain on how U.S. import tariffs could affect sellers on the platform and hurt revenues in the coming months. Analysts will be watching for the company's outlook, its commentary on tariffs and measures it is taking to work around the impact.
On Friday, Air Canada is expected to report a wider loss than a year ago for the first quarter, as demand for flights to the United States slumps on tensions between the two countries.
On the Canadian economic front, employment data is scheduled for release on Friday. The country probably added 2,500 jobs in April after shedding 32,600 jobs in March. Meanwhile, the unemployment rate likely inched up to 6.8% in April, from 6.7% in March. Separately, Statistics Canada is set to post the country's trade balance figures for March on the same day. The country's trade deficit likely slipped to C$1.6 billion in the month, from a deficit of C$1.52 billion in February. Ivey PMI data for April is due on Tuesday.
On the Latin American economic front, Brazil's central bank, on Thursday, will announce the country's Selic interest rate following the monetary policy meeting. The interest rate will likely be hiked by 50 bps to 14.75%. Separately, the country's S&P Global services and composite PMI data for April are due on Tuesday. Additionally, Brazil's March industrial output data and April IGP-DI Inflation figures are due on Wednesday and Thursday, respectively. Mexico's statistics agency, INEGI, is expected to publish the country's headline inflation and producer price index $(PPI)$ figures for April on Thursday. On the same day, Brazil will also release its March producer price index figures. Furthermore, Brazil's trade balance figures for the month of April are expected on Wednesday. Meanwhile, data for the country's IPCA inflation index for April will be released on Friday. Chile's inflation figures for April are set for release on Thursday and the country's trade balance figures for the same month are due on Wednesday. Also, the Central Bank of Peru is scheduled to announce its interest rate decision on Friday. Lastly, Argentina's industrial output data for March is set for release on Friday.
(Compiled by Kumar Satyam; Edited by Vijay Kishore)
((Kumar.Satyam@thomsonreuters.com;))
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