The Market Week Ahead: April 1 – April 5

 

April 1 – The second quarter got off to a good start today. Better-than-expected manufacturing numbers from China and the U.S. helped get things off to a good start.

The day’s other major economic report, retail sales, was a bit confusing. The headline number missed, but there was a large upward revision to the prior month, making the whole report sort of a wash. 

The trade talks with China continue to drag on, as does the Brexit saga, but at this point, a resolution to either of those seems unlikely this week. We’ll start getting earnings reports at the end of next week, so this week could be relatively quiet. This earnings season should be interesting. The market lost ground during the reporting period following the end of the the third quarter of 2018, but last year’s fourth quarter numbers came out in the middle of the market’s recovery.

With any luck, the anticipated lack of news will let momentum carry stocks higher, continuing the recent trend and pushing the major indices back toward their highs from last year.

Economic Events this Week

Today’s retail sales and manufacturing data are the biggest news until Friday’s jobs numbers.

  • Monday
    • 8:30 a.m. – Retail Sales
    • 10:00 a.m. – ISM Manufacturing Index
  •  Tuesday
    • 8:30 a.m. – Durable Orders
  •  Wednesday
    • 10:00 a.m. – ISM Non-Manufacturing Index
    • 10:30 a.m. – EIA Crude Oil Inventories
  • Friday
    • 8:30 a.m. – Nonfarm Payrolls
    • 8:30 a.m. – Avg. Hourly Earnings
    • 8:30 a.m. – Unemployment Rate
    • 8:30 a.m. – Average Workweek

Earnings Reports this Week

We’re decidedly between earnings seasons.  

Tuesday:

  • Before the bell: WBA, LW
  • After the bell: PLAY

Wednesday:

  • Before the bell: AYI, SIG
  • After the bell: None

Thursday:

  • Before the bell: STZ, RPM
  • After the bell: None

Friday:

  • Before the bell: None

Sector Analysis 

Strong Sectors past Month

These sectors are up 5% or more in the last 20 trading days:

  • Technology

Weak sectors past month

These sectors are down 5% or more in the last 20 trading days:

  • Regional Banks
  • Solar
  • Banks

Strong sectors past five trading days

These sectors are up more than 3% in the last five days.

  • Regional Banks
  • Steel
  • Banks
  • Industrials
  • Oil Services
  • Aviation
  • Broker-Dealers
  • Retail
  • Multimedia Networking
  • Oil & Gas Exploration
  • Financials
  • Metals & Mining
  • Materials
  • Robotics and Automation
  • Homebuilders
  • Consumer Discretionary
  • Dow Jones Industrial Average

Weak sectors past five trading days

No sectors are down 3% or more in the last five trading days.

Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

You May Also Like