{"id":67247,"date":"2023-04-17T08:58:01","date_gmt":"2023-04-17T12:58:01","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=67247"},"modified":"2023-04-17T08:58:01","modified_gmt":"2023-04-17T12:58:01","slug":"coffee-with-greta-traders-await-earnings","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/04\/17\/coffee-with-greta-traders-await-earnings\/","title":{"rendered":"Coffee With Greta: Traders Await Earnings"},"content":{"rendered":"

DJIA Futures: <\/b>+31 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>-1 (-0.01%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-11 (-0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are flat as traders look ahead to big earnings later this week.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Big Earnings Week<\/span><\/h2>\n

Q1 earnings season will pickup steam this week with more big banks and some big tech names on the calendar.\u00a0<\/span><\/p>\n

Here are the major companies reporting results this week:\u00a0<\/span><\/p>\n

    \n
  • Tuesday: <\/span>Bank of America <\/b>(BAC), <\/span>Goldman Sachs <\/b>(GS), <\/span>Netflix <\/b>(NFLX), <\/span>United Airlines <\/b>(UAL)<\/span><\/li>\n
  • Wednesday: <\/span>Morgan Stanley <\/b>(MS), <\/span>IBM <\/b>(IBM), <\/span>Tesla <\/b>(TSLA)<\/span><\/li>\n
  • Thursday: <\/span>AT&T <\/b>(T)<\/span><\/li>\n
  • Friday: <\/span>Procter & Gamble <\/b>(PG)<\/span><\/li>\n<\/ul>\n

    This earnings season is expected to show lower profits overall as consumers pull back on spending amid to persistently high inflation pressures.<\/span><\/p>\n

    Traders are also focused on future outlooks to gauge how companies expect the economy to shift over the next few months.<\/span><\/p>\n

    Charles Schwab Q1 Earnings Beat<\/span><\/h2>\n

    Charles Schwab <\/b>(SCHW) shares are up 0.7% ahead of the open after beating Q1 profit expectations.\u00a0<\/span><\/p>\n

    Here\u2019s how the brokerage\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.93 vs $0.90 expected<\/span><\/li>\n
    • Revenue: $5.12 billion vs $5.14 billion expected<\/span><\/li>\n<\/ul>\n

      The CEO said investor sentiment \u201cremained bearish\u201d during the quarter and the bond markets reflected \u201cgrowing fears of an economic downturn\u201d.\u00a0<\/span><\/p>\n

      Empire State Manufacturing Index Jumps<\/span><\/h2>\n

      A key manufacturing gauge unexpectedly jumped into positive territory this month.\u00a0<\/span><\/p>\n

      The New York Fed\u2019s Empire State manufacturing index jumped 35.4 points to 10.8.\u00a0<\/span><\/p>\n

      That topped economists\u2019 expectations for a reading of negative 15.\u00a0<\/span><\/p>\n

      Any reading above zero indicates improving conditions in the manufacturing sector and this is the first positive reading in five months.<\/span><\/p>\n

      The new orders index soared 46.8 points to 25.1, the shipments index jumped 37.3 points to 23.9, and unfilled orders rose 6.7 points to 0.\u00a0<\/span><\/p>\n

      But employment and hours worked both declined for the third month in a row.<\/span><\/p>\n

      In Case You Missed It<\/span><\/h2>\n
        \n
      • Treasury Secretary Janet Yellen believes the recent banking crisis will take some pressure off of the Fed on inflation. In a CNN interview over the weekend said, \u201cBanks are likely to become somewhat more cautious in this environment. We already saw some tightening of lending standards in the banking system prior to that episode, and there may be some more to come.\u201d She said that tightening \u201ccould be a substitute for further interest rate hikes that the Fed needs to make.\u201d<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        DJIA Futures: +31 (+0.1%) SPX Futures: -1 (-0.01%) NASDAQ Futures: -11 (-0.1%) Good morning friends! Futures are flat as traders look ahead to big earnings later this week. Let\u2019s get right to it! Big Earnings Week Q1 earnings season will pickup steam this week with more big banks and some big tech names on the calendar.\u00a0 Here are the major companies reporting results this week:\u00a0 Tuesday: Bank of America (BAC), Goldman Sachs (GS), Netflix (NFLX), United Airlines (UAL) Wednesday: Morgan Stanley (MS), IBM (IBM), Tesla (TSLA) Thursday: AT&T (T) Friday: Procter & Gamble (PG) This earnings season is expected to show lower profits overall as consumers pull back on spending amid to persistently high inflation pressures. Traders are also focused on future outlooks to gauge how companies expect the economy to shift over the next few months. Charles Schwab Q1 Earnings Beat Charles Schwab (SCHW) shares are up 0.7% ahead of the open after beating Q1 profit expectations.\u00a0 Here\u2019s how the brokerage\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.93 vs $0.90 expected Revenue: $5.12 billion vs $5.14 billion expected The CEO said investor sentiment \u201cremained bearish\u201d during the quarter and the bond markets reflected \u201cgrowing fears of an economic downturn\u201d.\u00a0 Empire State Manufacturing Index Jumps A key manufacturing gauge unexpectedly jumped into positive territory this month.\u00a0 The New York Fed\u2019s Empire State manufacturing index jumped 35.4 points to 10.8.\u00a0 That topped economists\u2019 expectations for a reading of negative 15.\u00a0 Any reading above zero indicates improving conditions in the manufacturing sector and this is the first positive reading in five months. The new orders index soared 46.8 points to 25.1, the shipments index jumped 37.3 points to 23.9, and unfilled orders rose 6.7 points to 0.\u00a0 But employment and hours worked both declined for the third month in a row. In Case You Missed It Treasury Secretary Janet Yellen believes the recent banking crisis will take some pressure off of the Fed on inflation. In a CNN interview over the weekend said, \u201cBanks are likely to become somewhat more cautious in this environment. We already saw some tightening of lending standards in the banking system prior to that episode, and there may be some more to come.\u201d She said that tightening \u201ccould be a substitute for further interest rate hikes that the Fed needs to make.\u201d<\/p>\n","protected":false},"author":41,"featured_media":67251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-67247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=67247"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67247\/revisions"}],"predecessor-version":[{"id":67252,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/67247\/revisions\/67252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/67251"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=67247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=67247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=67247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}