Wall Street Week Ahead | Seeking Alpha

Wall Street has a busy week ahead, with key data on inflation and the start of the first quarter earnings season in focus.

Still, the spotlight will continue to be dominated by the fallout of U.S. President Donald Trump’s imposition of the steepest American tariffs in over a century. The question investors are asking is whether – after a bruising two-day global rout – markets have bottomed or if there is more pain still to come?

In terms of scheduled events, the March consumer price index report will take center stage on Thursday. Next week will also see several Federal Reserve speakers, and traders will be keen to hear their thoughts on Trump’s tariffs.

The first quarter earnings season also gets underway, with a few major names kicking it off. The number one U.S. carrier, Delta Air Lines (DAL), will report quarterly results on Wednesday. JPMorgan (JPM), the biggest U.S. bank by assets, will announce results on Friday, and so will smaller rival Wells Fargo (WFC). BlackRock (BLK), one of the world’s largest asset managers, will also be on the docket.

Earnings

Earnings spotlight: Monday, April 7: Levi Strauss (LEVI) and Dave & Buster’s Entertainment (PLAY). See the full earnings calendar.

Earnings spotlight: Tuesday, April 8: Tilray Brands (TLRY) and RPM International (RPM). See the full earnings calendar.

Earnings spotlight: Wednesday, April 9: Constellation Brands (STZ) and BBB Foods (TBBB). See the full earnings calendar.

Earnings spotlight: Thursday, April 10: CarMax (KMX). See the full earnings calendar.

Earnings spotlight: Friday, April 11: JPMorgan Chase, Wells Fargo, Morgan Stanley (MS), BlackRock, and Unity Bancorp (UNTY). See the full earnings calendar.

Investing Group Spotlight

The Trump administration’s austerity measures and new trade policy will undoubtedly slow our rate of economic growth far more than the deceleration I was expecting at the beginning of this year. Therefore, I am placing more emphasis on value and yield domestically and increasing my international exposure in markets that have more reasonable valuations and better growth prospects.

Intel (INTC) is a deep value proposition in the beaten-up technology sector with new leadership in CEO Lip-Bu Tan, who is focused on spinning off non-core assets and returning to profitability with the tailwind of an industry-wide focus on domestic chip production. I am also optimistic about VICI Properties (VICI), which has meaningfully outperformed this year as one of the higher-quality names in the real estate sector with an attractive 5.3% yield, and a focus on casino properties with inflation-adjusted lease contracts.

Despite the extremely punitive tariffs recently announced, which I view as a negotiating tactic, I continue to view China (FXI) as one of the most attractive foreign markets, holding it in my All-Weather ETF Portfolio. Valuations are half that of the US, and the government is determined to stimulate domestic consumption through fiscal stimulus to achieve its economic growth targets. After a lost decade for this market, it should start to outperform.

Discover more analysis from Lawrence Fuller with his SA Investing Group service – The Portfolio Architect.