Futures are lower after the Easter long weekend that could make today a quiet lull before one of the busiest weeks of the earnings season. Earnings reports before the bell today include Halliburton and Kimberly-Clark, while Whirlpool and Celanese are among those reporting after the close. Big names printing later in the week include Procter & Gamble, Twitter, Facebook, Microsoft, Tesla, Amazon, Ford, and Chevron. (SA)
First-quarter revenue at Huawei rose 39 per cent from the previous year to Rmb179.7bn ($26.8bn), an increase that suggests US efforts to persuade countries to ban the Chinese group’s telecoms equipment from their 5G networks have not tempered growth. Huawei is privately held and the latest figures, the first quarterly numbers it has published, are unaudited. (FT)
Shares in railroad stocks are trading near all-time highs after a trio of America’s largest train operators steamrollered earnings forecasts late last week, backed by higher shipping rates. Union Pacific, CSX and Kansas City Southern cheered investors with first-quarter results that benefited from price hikes and cost efficiencies, which offset the financial impact of disruptive winter storms and record Midwest flooding that caused billions of dollars in damage in the region. (WSJ)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.