After Wall Street’s overreaction to META’s frivolous cash burn, MSFT and GOOGL’s reports flipped overall sentiment back to bullish within one session.
The Week Ahead
Economic Calendar
Monday, April 29
No Scheduled Economic readings
Tuesday, April 30
Employment Cost Index
S&P Case-Shiller home price index (20 cities)
Consumer confidence
Wednesday, May 1
ADP employment
Construction spending
ISM Manufacturing
Job openings
FOMC Interest Rate Decision
Investors look to see if last week’s GDP reading forces the Fed to offer a clearer path toward rate cuts
Fed Chair Powell Press Conference
Thursday, May 2
Initial jobless claims
U.S. trade deficit
U.S. productivity
Factory orders
Friday, May 3
U.S. employment report
U.S. unemployment rate
U.S. hourly wages/hourly wages YoY
ISM services
Earnings
Monday PM
NXPI
LONG IF >240
Targets 250, 260, 270
Tuesday
AMD 0.00%↑ (see below)
AMZN 0.00%↑ (see below)
Wednesday
Thursday
AAPL 0.00%↑ (see below)
DKNG
LONG >45
🎯 50
SHORT <40
🎯 36
Friday