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We are about to embark on the busiest week of Q1 earnings season yet, with some of the top household names — Microsoft ((MSFT - Free Report) , Meta (nee Facebook) ( and Amazon ((AMZN - Free Report) , among hundreds of others. We also expect to see a big load of economic data this week, which will help inform the Fed when it meets on monetary policy next week.
Among the more important metrics we’ll see updated are: Durable Goods Orders, Advance Trade in Goods, Case-Shiller Home Prices, New & Pending Home Sales, the PCE Price Index, Consumer Confidence, University of Michigan Consumer Sentiment, Weekly Jobless Claims and the first read on Q1 GDP. That’s a lot of grist for the mill, and may offer some hope that better-than-expected headlines might help market sentiment break a weeks-long losing streak on the major indices.
The Dow on Friday notched its single-worst day since October 2020, falling nearly 1000 points, or more than -2.8%. The blue-chip index is taking a four-week losing streak into the present week of trading; the S&P 500 and the Nasdaq are down three straight weeks. Off early morning lows, we’re seeing the Dow -158 points at this hour, -60 points on the Nasdaq and -22 points for the S&P 500.
Already this morning, Coca-Cola ((KO - Free Report) has reported results for its Q1, with beats on both top and bottom lines: earnings of 64 cents per share versus 58 cents in the Zacks consensus came along with $10.49 billion in quarterly revenues, for a positive surprise of +5.84%. Shares are up +2.4% in pre-market trading; the stock has already gained +10% year to date. Coke has not missed on earnings estimates in five years.
Activision Blizzard (, on the other hand, disappointed investors on big write-downs related to the pending acquisition by Microsoft: earnings of 38 cents per share was barely half what was expected, and down from the year-ago quarter’s 84 cents per share reported. Revenues reached $1.48 billion for the quarter, for a negative surprise of -17.73%. “Call of Duty” numbers were weak in the quarter, accounting for much ofd the miss not explained by the fees associated with the absorption to Microsoft.
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Q1 Earnings Season in Full Swing
We are about to embark on the busiest week of Q1 earnings season yet, with some of the top household names — Microsoft ((MSFT - Free Report) , Meta (nee Facebook) ( and Amazon ((AMZN - Free Report) , among hundreds of others. We also expect to see a big load of economic data this week, which will help inform the Fed when it meets on monetary policy next week.
Among the more important metrics we’ll see updated are: Durable Goods Orders, Advance Trade in Goods, Case-Shiller Home Prices, New & Pending Home Sales, the PCE Price Index, Consumer Confidence, University of Michigan Consumer Sentiment, Weekly Jobless Claims and the first read on Q1 GDP. That’s a lot of grist for the mill, and may offer some hope that better-than-expected headlines might help market sentiment break a weeks-long losing streak on the major indices.
The Dow on Friday notched its single-worst day since October 2020, falling nearly 1000 points, or more than -2.8%. The blue-chip index is taking a four-week losing streak into the present week of trading; the S&P 500 and the Nasdaq are down three straight weeks. Off early morning lows, we’re seeing the Dow -158 points at this hour, -60 points on the Nasdaq and -22 points for the S&P 500.
Already this morning, Coca-Cola ((KO - Free Report) has reported results for its Q1, with beats on both top and bottom lines: earnings of 64 cents per share versus 58 cents in the Zacks consensus came along with $10.49 billion in quarterly revenues, for a positive surprise of +5.84%. Shares are up +2.4% in pre-market trading; the stock has already gained +10% year to date. Coke has not missed on earnings estimates in five years.
Activision Blizzard (, on the other hand, disappointed investors on big write-downs related to the pending acquisition by Microsoft: earnings of 38 cents per share was barely half what was expected, and down from the year-ago quarter’s 84 cents per share reported. Revenues reached $1.48 billion for the quarter, for a negative surprise of -17.73%. “Call of Duty” numbers were weak in the quarter, accounting for much ofd the miss not explained by the fees associated with the absorption to Microsoft.