Coca-Cola earnings, JOLTS, Consumer Confidence: What to Watch
Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the biggest stories to come on Tuesday, April 29, including quarterly earnings results from companies like Coca-Cola ( KO ), Pfizer ( PFE ), Spotify ( SPOT ), General Motors ( GM ), and Visa ( V ); weekly Job Openings and Labor Turnover Survey (JOLTS) data; and the latest Consumer Confidence figures.
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Time now for to watch Tuesday, April 29th, sponsored by Tasty trade. We're going to start off on the earnings front. It's another big week of earnings with Coca-Cola, Visa and General Motors headline tomorrow's results. Coca-Cola announcing first quarter earnings before the opening bell, analysts expecting to see slower earnings growth in Q1, but profits could rise slightly. Higher prices are helping boost sales, but that benefit is fading as consumers pull back. Investors will also be listening closely for any commentary on tariffs and guidance on the earnings call.
Also taking a look at the labor force, the monthly job openings and labor turnover survey jolts, as we call it, coming out in the morning. Economists forecast job openings will have dipped slightly in March to 7 and a half million, signaling a slight cooling in a historically strong labor market.
And moving over to some economic data, we're going to be getting April's consumer confidence report in the morning. That number is expected to fall to 87.6, suggesting that consumers are feeling less positive about the state of the economy.