Top Stocks to Watch This Week: Netflix, Goldman Sachs, Citigroup, and More
Markets have been quite the rollercoaster lately, with all the talk about tariffs and exemptions. The week ending April 11 saw some wild swings, but thankfully, the U.S. indexes managed to claw back some lost ground. The S&P 500 ended the week up 8.2%, while the Dow had a more modest gain of 6%. The Nasdaq, boosted by some dip-buying in Big Tech names, finished the week about 12% above its lows on Monday.
First-quarter bank earnings for JPMorgan Chase, BlackRock, and Morgan Stanley all came in strong, but there was a hint of caution in their outlook on the economy. At the same time, consumer sentiment hit its lowest level in a while.
Investors have been seeking safe havens amidst all this uncertainty. Gold even reached a record high of $3,254.90 per ounce, and the 10-year Treasury yield had its biggest jump in decades, reaching 4.57%. Experts think this is due to concerns over policy changes and foreign investors moving away from U.S. debt.
It’s shaping up to be another eventful week with major companies like Goldman Sachs, Netflix, Johnson & Johnson, UnitedHealth, CSX, and Kinder Morgan all set to report their earnings. These reports will give us valuable insights into M&A activity, supply chains, and what consumers are watching online.
Goldman Sachs will kick off the week on Monday, providing updates on deal pipelines and market conditions. Tuesday will bring reports from Bank of America, Citigroup, and United Airlines, giving us a sense of lending conditions, consumer credit health, and travel trends. On Wednesday, we’ll be watching Abbott Labs, U.S. Bancorp, Kinder Morgan, and CSX, for signals on healthcare, banking, and infrastructure.
Thursday brings earnings from UnitedHealth, Netflix, and American Express, shedding light on healthcare costs, streaming demand, and consumer spending. We’ll also get the weekly jobless claims report to keep an eye on labor market stability.
And don’t forget, U.S. financial markets will be closed on Friday for Good Friday. So buckle up and get ready for another exciting week in the markets!