Monday, March 30 – Jerome Powell Kicks Off a Tense Week
The week begins with a major event for financial markets: the speech by the Federal Reserve Chairman. Any hint about the direction of US interest rates could trigger increased volatility.
Key Macro Events
- Jerome Powell (Fed) speech
- G7 ministers' meeting (energy and finance) on the Middle East
Markets & Companies
- High options activity: AXT (AXTI), Bloom Energy (BE)
- Overbought stocks (14d RSI): TCLAF, KORE, ASRT
- Oversold stocks (14d RSI): VITL, AVD, FUBO
- High short interest: Hertz (HTZ), Avis (CAR)
Corporate
- Results: FRMI, PRGS
- Upcoming ex-dividends: MU, DE, NUE, CSCO
- IPO: HMH
- World Vaccine Congress (MRK, TNXP, VALN)
- Starbucks’ 55th anniversary
Tuesday, March 31 – JOLTS and Consumer Confidence: Key US Economic Barometers
Investors will monitor the job market dynamics and the strength of the US consumer.
Key Indicators
- JOLTS Job Openings
- Consumer Confidence Index
- Speech by Michael Barr (Fed)
- Brent futures expiry (May)
Results and Events
- Releases: Nike (NKE), McCormick (MKC), PVH
- Nike conference call (expected implied move: 9%)
- Investor Day: Hershey (HSY), Royal Gold (RGLD)
- Coca-Cola (KO) management transition
Special focus on Nike’s prospects in China.
Wednesday, April 1 – ADP, Retail Sales and ISM: Decisive Test for Growth
A particularly busy day with several major statistics.
Economic Indicators
- ADP Non-Farm Employment Change
- Retail sales (core and total)
- ISM Manufacturing PMI
- ISM Manufacturing Prices
Automotive & Consumer Sector
- Deliveries: TSLA, NIO, XPEV, RIVN, LI, LCID
- Quarterly sales: GM, F, TM
- Other data: Macau gaming, Class 8 truck orders
Companies
- 50 years of Apple (AAPL)
- Aptiv spin-off
- US release of the Super Mario movie
- Results: CAG, LW, CALM, TLRY
Thursday, April 2 – US Trade Balance and Strategic Moves
A calmer macro session, but important for some stocks.
Indicator
- US trade balance (deficit expected to increase)
Companies
- Results: AYI, LNN
- Booking Holdings (BKNG) debuts post split (25:1)
- Vote on BKH / NWE merger
Friday, April 3 – US Jobs Report: Key Moment of the Week
Highly anticipated release of official employment figures.
NFP – Monthly Report
- Expected job creation: +56K
- Forecast unemployment rate: 4.4%
- Average hourly wage
US markets closed (Good Friday), which could increase volatility on international markets.
