“The oil market has frankly had it up to here with all the hullabaloo surrounding Sunday’s talks in Doha over the prospects for an oil production freeze and the ‘waiting game’”, says Saxo Bank’s head of commodities strategy, Ole Hansen. He continued: “The expectations for a deal are fading a bit and I think that’s because developments elsewhere have reduced the need for them to do something”.
Over in the resources and mining sector, several of the large market cap miners are reporting trading updates as we go through the week – Rio Tinto (RIO), BHP Billiton (BLT) and Anglo American (AAL).
Outside of these sectors, we’ve utilities giant Centrica (CNA) sharing a trading update on Monday, with Primark owner Associated British Foods (ABF) and housebuilder McCarthy & Stone (MCS) sharing mid-year results on Tuesday. Wednesday sees chips expert ARM Holdings mid-year data, along with a first quarterly update from market newcomer Metro Bank (MTRO). Thursday sees Sky update on trading, with consumer goods Reckitt Benckiser (RB.) closing off the week.
UK Dividends Calendar
April is one of the bigger months for dividend payments, with banking giant HSBC and media owner Sky paying to shareholders next week. Thursday is the key day for all LSE firms going ex-dividend (where a shareholder no longer has the right to an upcoming payment).
Looking ahead to Thursday 21st April, we’ve picked out a handful of companies in focus. You can click here for the full list, and access free Stock Reports from TD to review performance facts and financial data (source: RNS).
ARM Holdings (ARM): 5.63p
BAE Systems (BA.): 12.5p
Fresnillo (FRES): $0.0335
Greggs (GRG): 21.2p
Smith & Nephew (SN.): $0.19
US Markets – Earnings Season
The week sees a veritable who’s who of familiar corporate names, including two of the FANG stocks – Netflix and Google (now Alphabet Inc).
Mon 18th April – International Business Machines Corporation (IBM), Pepsico Inc (PEP), Netflix (NFLX)
Tues 19th April – Goldman Sachs (GS), Intel (INTC), Yahoo! Inc (YHOO), Philip Morris International (PM), TD Ameritrade Holding Corp (AMTD)
Wed 20th April – Coca Cola Company (KA), American Express Company (AXP), Qualcomm (QCOM)
Thurs 21st April – Alphabet Inc (GOOGL), Microsoft (MSFT), Visa (V), General Motors (GM), Starbucks Corporation (SBUX)
Fri 22nd April – Caterpillar (CAT), General Electric Company (GE), McDonalds (MCD)
Source: Nasdaq.com
You can find out more about the US markets and how to trade in our recent article.
Monday, April 18
Centrica Trading Update
Plus500 Q1 Results
Rio Tinto Operations Review at 2330 BST
Elecosoft Full Year Results
Simigon Full Year Results
Tuesday, April 19
Associated British Foods Half Year Results
BHP Billiton March Operational Review (at 2330 BST)
Defenx Full Year Results
Saga Full Year Results
Ashmore Group Trading Statement
Connect Group Half Year Results
Energy Assets Group Trading Statement
TP Group Full Year Results
Utilitywise Half Year Results
McCarthy & Stone Half Year Results
Regional REIT Full Year Results
Wednesday, April 20
ARM Holdings Q1 Results
RELX Trading Statement
Bunzl Trading Statement
Travis Perkins Trading Statement
GKN Trading Statement
Metro Bank Q1 Results
Amec Foster Wheeler Trading Statement
Evraz Q1 Production Results
Punch Taverns Half Year Results
N Brown Group Trading Statement
MoneySupermarket.com Group Trading Statement
Hvivo Full Year Results
Thursday, April 21
SABMiller Trading Statement
Anglo American Q1 Production Results
Sky Q3 Results
Ladbrokes Trading Statement
Pets at Home Group Trading Statement
Acacia Mining Q1 Results
Computacenter Trading Statement
Meggitt Trading Statement
SEGRO Trading Statement
Go-ahead Group Trading Statement
Greka Driling Full Year Results
Corero Network Security Full Year
The post US companies and oil dominates week ahead 18/04/16 appeared first on News and Views.