What to Expect in the Week Ahead (PPI and Earnings from JPM, TSMC, ASML, and NFLX)
Iran war-driven energy costs are expected to lift headline PPI.
U.S. stocks posted their best week since November, driven by a U.S.-Iran ceasefire deal.
Key Earnings: GS, JPM, BAC, TSMC, ASML, NFLX
📆 Earnings & Economic Calendar
Week overview
Bank earnings take center stage this week, with GS, JPM and BAC all reporting results. TSMC, ASML, and Netflix also report. On the macro side, existing home sales, PPI and initial jobless claims will provide updates on housing, inflation and the labor market as energy costs remain elevated amid the Iran war.
Monday (Apr. 13)
Macro: Existing Home Sales
Existing home sales likely saw modest fluctuations in March after February's jump, as more homeowners listed properties despite rising mortgage rates. With borrowing costs climbing and inventories building, Bloomberg expects home prices to face growing downward pressure in the coming months.
Key earnings: Goldman Sachs (GS.US)
Goldman Sachs' equities trading is expected to hit a record as market volatility surged. The bank has gained the most trading market share among peers since 2019, boosted by FICC strength.
Tuesday (Apr. 14)
Macro: PPI
Energy prices, driven by the Iran war, will push headline PPI higher, though trade-services margins may soften as input costs spike. Airfares likely jumped on higher jet-fuel costs and health-care prices ran slightly above seasonal norms, while portfolio-management fees are set to decline.
Key earnings: JPMorgan (JPM.US), Citigroup (C.US), Wells Fargo & Co (WFC.US), Johnson & Johnson (JNJ.US)
JPMorgan is expected to report record total trading revenue, maintaining its market-share lead by leveraging scale across its full product suite. Focus will be on management's outlook amid geopolitical uncertainty and any updates on private credit.
Focus will be on Johnson & Johnson's market-share gains for Tremfya in ulcerative colitis and Crohn's disease, along with progress on its psoriasis pill rollout, Bloomberg said.
Wednesday (Apr. 15)
Key earnings: ASML Holding (ASML.US), Bank of America (BAC.US)
Bank of America expects ASML's 2030 EPS to exceed prior forecasts, driven by surging AI demand for memory and logic chips. The bank projects 2030 DRAM, NAND and logic chip demand at $634B, $257B and $723B, respectively, underpinning a stronger outlook for Europe's most valuable company and its lithography equipment.
Bank of America's sales and trading revenue is expected to hit a new high, while its wealth and investment management division likely posted double-digit growth for a second straight quarter. Credit quality is seen holding steady despite elevated economic uncertainty.
Thursday (Apr. 16)
Macro: Initial Jobless Claims
Initial jobless claims likely pulled back in the week through April 11. Despite ongoing tech-sector layoffs, claims remain low overall, signaling limited broader labor-market weakness.
Key earnings: Taiwan Semiconductor (TSM.US), PepsiCo (PEP.US), Netflix (NFLX.US)
TSMC is well-positioned to beat Q1 2026 estimates when it reports on April 16. AI-driven demand, surging 3nm sales, and the 2nm ramp-up through 2026 support margin expansion, while possible 5-10% price hikes on advanced nodes could prompt upward full-year guidance revisions.
Netflix may raise full-year revenue and operating margin guidance as recent price hikes take effect, Jefferies said, with BI noting both metrics are tracking above targets. Its decision to walk away from a Warner Bros. Discovery bid refocuses attention on core strengths, including expanding margins and robust free cash flow.
PepsiCo's operating margin is expected to narrow as elevated energy costs and Iran war-related supply-chain disruptions compound earlier price cuts aimed at boosting demand. BI said to watch for management's outlook on cost inflation and growth plans.
🎩Heat List
U.S. equities delivered their best weekly performance since November, as the dominant macro catalyst of the week — a fragile but market-moving U.S.-Iran ceasefire — sparked a powerful risk-on rally. When Trump announced a two-week suspension of hostilities on April 7, Dow Jones Industrial Average (.DJI.US) surged 1,300 points, while oil prices plunged.
Tesla (TSLA.US) shares remained under pressure this week amid continued investor skepticism over its strategic pivot away from mass-market EVs toward AI and robotics, even as Reuters reported the company is quietly developing a new lower-cost SUV — a claim Tesla China promptly denied.
Intel (INTC.US) secured two landmark foundry commitments this week: on April 7, the company was named primary manufacturing partner for Elon Musk's TeraFab initiative, and on April 8, Google signed a multi-year agreement to deploy successive generations of Xeon processors while expanding co-development of custom ASICs with Intel.
SanDisk (SNDK.US) surged over 20% this week. Late Friday, Nasdaq announced that SanDisk will be added to the Nasdaq-100 Index, effective before the market open on April 20, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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