The Q1 earnings season is almost over. 96% of S&P 500 companies have reported, with earnings up 12.9% year-over-year and revenue up 4.8%. The forward P/E is now 21.1.
This week, only 14 S&P 500 companies will report earnings. But keep an eye on big names like chip giant Nvidia (NVDA), software leader Salesforce (CRM), several top Canadian banks, and major Chinese companies.
The Fed’s favorite inflation data, PCE, and speeches by multiple Fed members will also be in focus.
Here’s the key schedule:
• Monday: U.S. markets closed for Memorial Day.
• Tuesday: April durable goods orders, May consumer confidence. Earnings from PDD, BNS.
• Wednesday: Minutes from the Fed’s last meeting. Earnings from NVDA, CRM, BMO, HPQ, DKS, AI, VNET.
• Thursday: Jobless claims, revised Q1 GDP, existing home sales. Earnings from COST, RY, DELL, CM, MRVL, ZS, LI, FUTU, BBY, PATH.
• Friday: Personal income and spending, April PCE and Core PCE, retail and wholesale inventories, consumer sentiment. Earnings from TIGR.
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