The week ahead is light on economic data but heavy on blue chip earnings releases. As for economic data, I will be watching the March release of existing and new home sales as tight inventory continues to pressure the housing market. I will also be keeping close attention on the release of the flash PMIs to see if signs continue to point to robust manufacturing and services activity.
As for earnings releases. Names like Netflix, IBM, and Intel are sure to capture headlines. However, I will be more focused on the earnings releases of the airlines like United, American, and Southwest. They were hit hard during the height of the pandemic, but economies have reopened and solid earnings and guidance from the airlines will be a good indicator for economic growth moving forward.
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