What to Watch in the Day Ahead - Tuesday, April 22

Reuters
8 hours ago
What to Watch in the Day Ahead - Tuesday, April 22

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Tesla is expected to report a drop in profit margin and earnings in the first quarter after deliveries tumbled and the automaker missed estimates in the January-March period. Investors are awaiting further details on the more affordable model that some expect could drive sales this year. However, Wall Street now expects 2025 sales to fall for the second straight year due to damage to the Tesla brand due to CEO Elon Musk's political stance and economic uncertainty due to the Trump administration's tariffs.

Halliburton is set to report first-quarter earnings, with investor focus on the company’s outlook amid growing uncertainty in the sector. Oilfield services firms are bracing for the impact of President Donald Trump's tariffs, which are expected to raise equipment costs and potentially slow oil and gas drilling activity.

Federal Reserve Vice Chair Philip Jefferson is due to speak on "Economic Mobility and the Dual Mandate" before the Economic Mobility Summit sponsored by the Federal Reserve Bank of Philadelphia. (0900/1300) Additionally, Philadelphia Fed President Patrick Harker is scheduled to participate in a fireside chat at the Economic Mobility Summit (0930/1330). Meanwhile, Minneapolis Fed President Neel Kashkari is set to take part in a moderated question-and-answer session at the U.S. Chamber of Commerce Global Summit in Washington (1340/1740). Also, Federal Reserve Bank of Richmond President Thomas Barkin is set to participate in fireside chat, "Macro and Micro Economic Forces Shaping our Future," before the RVA Big Dipper Innovation Summit, 1430 EDT/1830 GMT. Separately, Federal Reserve Board Governor Adriana Kugler is likely to speak on "Transmission of Monetary Policy" before the University of Minnesota Heller-Hurwicz Economics Institute (HHEI) Spring 2025 Roundtable (1800/2200).

Lockheed Martin is set to report its first-quarter earnings, with analysts expecting higher sales but a decline in earnings per share. Investors will be paying close attention to the company’s commentary on the operating environment, particularly in light of ongoing tariff impacts.

Verizon is expected to report wireless subscriber losses in the first quarter, hurt by intense competition from rivals.

Capital One Financial is expected to report a rise in first-quarter profit, helped by a higher income from interest payments on credit card debt. This is Capital One's first quarterly results after it got the regulatory nod to acquire Discover Financial last week.

Kleenex tissue maker Kimberly-Clark is expected to post a decline in first-quarter revenue, hurt by weaker demand for its personal care and household products.

RTX is set to report its first-quarter results, with expectations pointing to increases in both profit and revenue. As with peers, forward-looking commentary on the operating environment —particularly in light of tariff pressures — will be closely watched.

Northrop is expected to post declines in both revenue and profit during its first-quarter results. Investors will be closely watching for forward-looking commentary on the operating environment, especially in the context of ongoing tariffs.

Health insurer Elevance Health is expected to report first-quarter earnings. Insurers will focus on its medical costs related to government-backed Medicaid plans and changes to its full-year forecast.

Synchrony Financial is scheduled to report its first-quarter earnings. Analysts will be paying close attention to management’s insights on the economic outlook and watching for any revisions to the company’s full-year guidance.

Dan Loeb, founder and CEO of Third Point, is slated to speak at the Economic Club of New York.

Statistics Canada is expected to release producer prices data for the month of March.

In Latin America, Argentina is expected to report its economic activity figures for February.

(Compiled by Archak Sengupta in Bengaluru; Edited by Sahal Muhammed)

((Archak.Sengupta@thomsonreuters.com;))

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