Earnings alert: Companies to watch for potential trades this week

  • In the second week of Q1 earnings season, major financial and non-financial players like Goldman Sachs, Netflix, and UnitedHealth Group are set to reveal their reports.
  • Recent announcements from JPMorgan signal potential shifts, while eyes are on Blackstone’s earnings growth and Netflix’s subscriber momentum.

As we step into the second week of the Q1 earnings season, a roster of major financial players is gearing up to unveil their financial reports. 

Expect updates from Goldman Sachs, Bank of America, Morgan Stanley, American Express, Blackstone, and Charles Schwab. 

Additionally, non-financial companies like UnitedHealth, Taiwan Semiconductor Manufacturing, Netflix, P&G, J&J, and ASML Holding are also slated to release their earnings. 

While bank stocks have been outperforming the broader S&P 500 Index in the past six months, the tide may be turning in the first quarter of this year. Despite JPMorgan’s announcement of a modest 6% rise in profits on Friday, shares dropped over 5% following the bank’s conservative full-year projections for net interest income. Meanwhile, Wells Fargo and Citigroup saw declines in profits.  

On Wednesday, eyes will be on Discover Financial Services as it presents its results following the announcement of its acquisition by Capital One in February. And wrapping up the week is American Express, which is set to report after providing strong full-year guidance and increasing its dividend in the last quarter. Blackstone is expected to reveal a year-over-year increase in earnings driven by higher revenues. 

Thursday brings Netflix’s report, with the streaming giant aiming to maintain its momentum in subscriber growth. Netflix’s management has recently expressed confidence in their growth strategy, emphasizing improvements across all aspects of their platform, the introduction of paid sharing, and the expansion of their advertising offerings. 

Consumer product giants Johnson & Johnson and Procter & Gamble will disclose their earnings on Tuesday and Friday respectively, offering insights into whether increased prices are sustaining revenue growth. 

Meanwhile, health insurer UnitedHealth Group is set to report on Tuesday amid rumors of an antitrust investigation. 

Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance and seize trading opportunities.    

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