- Amazon.com (AMZN): EPS $1.36, revenues of $155.1 billion. Please note the commentary on supply chain costs under the new global tariffs.
- Apple (AAPL): EPS $1.61, revenue forecast of $94.1 billion. Find Q2 strength from quick iPhone shipments and preferred FX movements.
Over 60% of the S&P 500 reported revenue by May 2, which is extremely growing for corporate sentiment.
Central Bank Activities
No major Fed decisions are scheduled this week. Policymakers will remain in data-dependent mode, with potential rate cuts expected later this summer if growth drops further. The focus lies in the Fed’s response to softer GDP and labor measurements.
Technical outlook
The S&P 500 rose 10% from its April low, but is about 10% below its February peak. The current level is between the main support and resistance zones for April. Without a final trade agreement, continuous front-to- and post-volatility is expected.
Weekly outlook
This week, the market faces key catalysts, including Meta, Amazon, Apple, PCE Inflation Report and April employment data. Trade tensions have eased, but the risks of headlines continue to increase and remain unstable. With stocks rebounding from their April lows, but still below the February highs, traders should expect conditions to last. Key revenue results and economic releases are key to extending the rally or causing renewed volatility.
Details of the economic calendar.
