Finance Week Ahead: More Earnings, Housing Data, First Pass at Q1 GDP

By Rebecca Stropoli | The Exchange

All eyes have been on Boston this past week following the tragic Marathon bombings on Monday. Friday brought a historic lockdown for the city amid a dramatic manhunt.

It has been hard for news junkies to focus on much else this week, but the rout on Wall Street and massive plunge in gold were dominating financial news headlines on Monday before the bombing. Now we're ending a week that has been the worst on Wall Street yet this year; the S&P 500, down 2.1%, hasn't seen a performance this weak since last November.

Next week will be another big one for earnings, with Apple (which closed below $400 this week for the first time since 2011) in keen focus. We'll also see a slew of housing data and get a look at first estimates for Q1 GDP. And, of course, we'll be following any new developments in Boston.

Here are some key things to look out for over the next week:

Friday, April 19-Sunday, April 21: IMF and World Bank spring meetings take place in DC

Monday, April 22

• Key earnings: Caterpillar (CAT), Halliburton (HAL), Hasbro (HAS), Netflix (NFLX), Texas Instruments (TXN)
• A busy week of housing data kicks off with existing home sales at 10:00 a.m. ET
• Other data: Chicago Fed national activity index
• Secretary of State John Kerry will visit Belgium for NATO meetings
• China: PMI flash manufacturing index

Tuesday, April 23

• Key earnings: Apple (AAPL), DuPont (DFT), Travelers (TRV), Delta (DAL), AT&T (T), Panera Bread (PNRA), Yum Brands (YUM)
• Shareholder meetings: Wells Fargo (WFC), PNC (PNC)
• More housing numbers come in with the FHFA home price index at 9:00 a.m. ET and new home sales at 10:00 a.m. ET
• Other data: PMI manufacturing index, Richmond Fed manufacturing index

Wednesday, April 24

• Key earnings: Barclays (BCS), Boeing (BA), Credit Suisse (CS), Ford (F), Eli Lilly (LLY), GlaxoSmithKline (GSK), P&G (PG), Sprint Nextel (S), Zynga (ZNGA)
• Shareholder meetings: InBev (BUD), Ceasars Entertainment (CZR), Citigroup (C), Dupont, Coca-Cola (KO), GE (GE)
• Data: MBA mortgage applications, durable goods orders, oil inventories
• Treasury Secretary Jack Lew will testify to the House Appropriations Committee on the international programs budget
• There will be a House Space subcommittee hearing on the fiscal year 2014 NASA budget

Thursday, April 25

• Key earnings: ConocoPhillips (COP), ExxonMobil (XOM), UPS (UPS), Starbucks (SBUX)
• Annual advance GDP, by industry, from the Bureau of Economic Analysis
• Bank of Japan rate announcement
• Japan CPI
• Data: Weekly jobless claims, natural gas inventories, Fed balance sheet/money supply
• Shareholder meetings: Barclays, J&J (JNJ), Herbalife (HLF), NYSE Euronext (NYX), Pfizer (PFE), Intuitive Surgical (ISRG)
• Jack Lew will testify again before the House Appropriations Committee on the budget
• Secretary of Health and Human Services Kathleen Sebelius testifes to the House Appropriations Committee on the budget
• The NFL draft begins

Friday, April 26

• First pass at GDP for Q1 2013, 8:30 a.m. ET
• Other data: Consumer sentiment
• Earnings: Chevron (CHEV), Honda (HMC), DR Horton (DHI)
• Shareholder meeting: AT&T

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