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Pfizer Earnings, Airbnb Rebound, Starbucks Outlook: 3 Things to Watch By
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Introduction© Reuters By Sam BougheddaFxgecko.com – U.S. stocks rallied heading into the close on Mo ...

By Sam Boughedda
Fxgecko.com – U.S. stocks rallied heading into the close on Monday after being down sharply in afternoon trading as investors braced for Wednesday’s Federal Reserve interest rate decision.
The market is trying to shake off a dismal showing in April, when all three major indexes were weighed by concerns about economic growth slowing, rising inflation and Russia’s ongoing war in Ukraine.
A new flood of earnings is expected this week, including reports from drug makers and travel companies after last week’s heavy dose of technology reports. Retail earnings come around the end of the cycle.
The Fed is expected to raise rates by a half-point, something that has pushed the yield on the United States 10-YearTreasury back to 3%, where it hasn’t been since 2018. But along with the rate decision, investors will get to hear from Fed Chair Jerome Powell, who could provide clues on the internal thinking of the policy making board and what lies ahead.
The crucial monthly jobs report – this one for April – is also looming on Friday, providing a reading of the economy’s health. Before that, the ADP private payrolls report will come on Wednesday and the job openings report comes out early Tuesday.
The Fed has been watching employment trends as well as consumer prices as it tries to bring the economy to a soft landing.
Here are three things that could affect markets tomorrow:
1. Pfizer earnings
Pfizer Inc (NYSE:PFE) will report before the open Tuesday, with analysts polled by Fxgecko.com expecting earnings per share of $1.52 on revenue of $24.1 billion.
2. Airbnb rebound
Airbnb Inc (NASDAQ:ABNB) shareholders will be hoping the company has benefitted from the much-anticipated travel bounceback when it reports after the close. Analysts see the company posting a loss per share of 25 cents on revenue of $1.45 billion.
3. Starbucks outlook
Meanwhile, Starbucks Corporation (NASDAQ:SBUX) will also release its earnings for the latest quarter after the close. The coffee chain has had to deal with Covid-related lockdowns in China, which investors will be hoping haven't had a significant impact. Analysts expect Starbucks to report earnings per share of 60 cents on revenue of $7.62 billion.
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