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Discovery, Merck, Carnival, Broadcom and other stocks for investors to watch this week

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It’s a week full of annual shareholder meetings, investor days and earnings reports.


Broadcom

holds its annual meeting on Monday, followed by events for investors from


Merck
,


Analog devices
,

and


Quantum Services

Tuesday.


Conagra Brands

and


Constellation Brands

release quarterly results on Thursday, when


Accenture

will organize an investor day. Ultimately,


Carnival

and


Discovery

will hold their annual meeting of shareholders on Friday.

Federal Reserve watchers will pay attention on Wednesday, when the Federal Open Market Committee releases the minutes of its mid-March meeting. The committee raised its benchmark interest rate target at this meeting.

Economic data released this week includes the Census Bureau’s new factory orders for February on Monday, the Institute for Supply Management’s Services Purchasing Managers’ Index for March on Tuesday and consumer credit data from the Federal Reserve on Thursday.

monday 4/4

The Census Bureau factory new orders reports for February. Consensus estimates that new orders for durable and non-durable manufactured goods will rise 0.5% month-over-month to $548 billion seasonally adjusted. In January, factory orders increased by 1.4%; new durable goods orders jumped 1.6% to $278 billion; and non-durable goods gained 1.2% to $267 billion.

Broadcom holds its annual shareholders meeting.

tuesday 4/5

The Institute of Supply Management publishes its Services Purchasing Managers Index for the month of March. Economists forecast a reading of 58, 1.5 points higher than the February figure.

analog devices,


FactSet Research Systems
,

and Quanta Services organize their annual investor days.

Merck is hosting an investor event in conjunction with the American College of Cardiology’s 71st Annual Scientific Session and Expo, which runs April 2-4 in Washington, DC. The company will discuss its pipeline and cardiovascular drug pipeline.

The Reserve Bank of Australia announces its monetary policy decision. The central bank is expected to keep its target cash rate unchanged at 0.1%, the same level it has been since November 2020.

The Office of the Economy The analysis reports sales of light vehicles. Automakers are expected to have sold 13.9 million vehicles at a seasonally adjusted annual rate in March. That would be a 21% drop from March 2021, but a significant improvement from the second half of last year as supply chain issues ease.

Wednesday 4/6


Wholesale Costco

reports sales data for March.

The Federal Free Market The Committee publishes the minutes of its monetary policy meeting in mid-March. The FOMC raised the federal funds rate by a quarter point at the meeting to 0.25% to 0.5%, the first interest rate hike since December 2018.

Thursday 4/7

Conagra Brands, Constellation Brands and Lamb Weston Holdings release their quarterly results.

Accenture is hosting its 2022 Investor and Analyst Day virtually.

The Ministry of Labor reports the first jobless claims for the week ending April 2. Unemployment claims averaged 208,500 in March and recently hit a five-decade low as job vacancies continued to outpace job seekers.

The Federal Reserve consumer credit data reports. The consensus estimate is that total consumer debt will grow at a seasonally adjusted annual rate of 2.7% to a record $4.46 trillion.

Friday 4/8

Carnival and Discovery hold their annual general meetings.

Write to Nicholas Jasinski at [email protected]