Good morning and welcome to a pretty buoyant Week Ahead, as the FTSE appears to be continuing on the same trajectory that saw it hit all time highs last week.
After a torrid few months, recent weeks have seen the domestic markets starting to gain ground on their overseas rivals as investors have turned their interest towards commodity stocks and away from the high-flying tech sector. Expectations that the Bank of England might cut the base rate at their next interest rate decision (due on 9 May) is also helping sentiment, while the global companies on the FTSE 100 (which make a lot of their money in USD) are being buoyed by the relative strength of the dollar.
It’s still pretty quiet on the results front among the British companies (which are only obligated to report their results twice a year), but quarterly results season is in full swing in the US. Which is why we’re focusing our analysis there this week.
| UK companies reporting | International companies reporting | |
|---|---|---|
| Monday 29 April | US company financial results including Domino’s Pizza | |
| Tuesday 30 April | Final results including Avacta, Card Factory, RBG Holdings | US company financial results including Coca-Cola, Amazon, McDonalds, PayPal, Starbucks and Mondelez European company financial results including Mercedes Benz, Volkswagen and Adidas |
| Wednesday 1 May | Final results including HSS Hire and Maintel Trading announcements including GSK, Haleon and Next |
US company results including Kraft Heinz, Mastercard, Estee Lauder and Pfizer |
| Thursday 2 May | Quarterly results including Shell and Standard Chartered | US company results including Apple, Amgen and Moderna European company results including Novo Nordisk |
| Friday 3 May | Final results including Trainline Trading announcements including Intercontinental Hotels |
Coca Cola
Coca-Cola Co (NYQ:KO) will be making an earnings announcement for Q1 on Tuesday, April 30th. The company gave the impression of being recession proof during the volatile year of 2022. Back then, brokers like Credit Suisse praised the company’s ability to sustain revenue growth despite the wider macro environment. The world’s largest producer of fizzy drinks notched prices up, but demand remained high. Coca Cola managed to grow revenue, earnings and dividends through the headwinds of 2020-23. The share price performed particularly well in 2022, when Coca Cola went up by 7% and the…
