Written by Brenda Nakalema

Goldman Sachs, JPMorgan, Other Bank and Non-Bank Stocks To Watch This Week

First-quarter earnings season starts this week as usual with results from several big banks. JP Morgan Chase reports on Wednesday, …

What to expect this week: Q2 earnings season kicks off, CPI and retail sales.

First-quarter earnings season starts this week as usual with results from several big banks. JP Morgan Chase reports on Wednesday, then Wells Fargo, Goldman Sachs, Morgan Stanley, and finally Citigroup on Thursday.

This week, companies also releasing earnings reports include Albertsons on Tuesday, Delta Airlines, BlackRock, and Fastenal, all on Wednesday. Thursday will feature reports from Taiwan Semiconductor Manufacturing and UnitedHealth Group.

U. S stock and bond markets will remain closed on Friday because of Good Friday.

This week will feature the following economic data highlights: The Bureau of Labor Statistics consumer price index for the month of March will be released on Tuesday, and the producer price index on Wednesday. It is expected that consumer prices have increased by 8.4% year over year, while producer prices are forecast to have climbed by 10.5% year over year.

The National Federation of Independent Business’ Small Business Optimism Index for the month of March will be released on Tuesday; also, the University of Michigan’s Consumer Sentiment Survey for April and the Census Bureau’s retail sales spending report will be released by Tuesday.

Monday 11/ 4

Charles Evans, President of the Federal Reserve Bank of Chicago, holds discussions on his outlook for the economy, employment, inflation, and interest rates at the Detroit Economic Club.

Tuesday 12/4

The consumer price index for March released by The Bureau of Labor Statistics. The consensus estimate stands at an 8.4% year-over-year spike for CPI, following a 7.9% increase in February.

Fourth-quarter financial results released by CarMax and Albertsons.

Synopsys, Fifth Third Bancorp, Lennar, and Bank of New York Mellon all hold their annual shareholder meetings.

The Small Business Optimism Index for the month of March released by The National Federation of Independent Businesses. The February reading of 95.7 was the second consecutive month that fell below the 48-year average of 98. The consensus estimate stands at a 94.9 reading.

Wednesday 13/4

JP Morgan Chase, First Republic Bank, Rent the Runway, Delta Airlines, BlackRock, Bed Bath & Beyond, Hooker Furnishings, and Fastenal all host earnings conference calls.

The BLS releases the producer-price index for the month of March. It is expected that the PPI will jump 10.5% year over year on a nonseasonally adjusted basis, while the core PPI, which does not include volatiles such as food and energy prices, is seen climbing 8.4%. This contrasts with increases of 10% and 8.4%, respectively, in February.

Thursday 14/4

Several banks and financial services companies to release first-quarter results, including Wells Fargo, U.S Bancorp, Goldman Sachs, Morgan Stanley, Citigroup, PNC Financial Services Group, State Street and Ally Financial. Rite Aid, Taiwan Semiconductor Manufacturing and United Health Group will also be reporting financial results.

The April Consumer Sentiment Survey released by The University of Michigan. Expectations are for a 58.9 reading, contrasted with 59.4 in March.

The Consensus Bureau releases its retail- sales spending report in March. Expectations are for seasonally adjusted 0.6% month-over-month increase in retail sales, compared to a 0.3% increase in February. Excluding autos, spending is seen climbing 0.1%, compared with 0.2% in prior periods.

The BLS releases reports on export and import price data for the month of March. Expectations stand at 2.2% month-over-month rise in export prices, while import prices are seen climbing 0.6%. This contrasts with gains of 3.0% and 1.4%, respectively, in February.

Annual shareholder meetings are held by Dow, Carrier Global, and Owens Corning.

Friday 15/4

March Industrial production data is released by The Federal Reserve. Economists expect a 0.4% rise, after a 0.5% increase in February.

U.S stock and bond markets are closed due to Good Friday.