Investors are looking for a swing back in momentum next week after the Dow Jones Industrial Average and S&P 500 recorded their biggest one-week slide since early in 2016, led by weakness in the technology and financial sectors amid trade concerns and Facebook’s (NASDAQ:FB) data privacy scandal. On the political calendar, Congress will be out on a two-week Easter break, giving President Trump plenty of room to talk up his tariff strategy and outline infrastructure plans during a trip to Ohio scheduled for March 29. There’s also a lull with corporate news a few weeks ahead of what could be a huge Q1 earnings season, leaving those feisty animal spirits to fend for themselves.
Notable earnings reports: Red Hat (NYSE:RHT) and Paychex (NASDAQ:PAYX) on March 26; Lululemon (NASDAQ:LULU) on March 27; Blackberry (NYSE:BB), GameStop (NYSE:GME), Walgreens Boots Alliance (NASDAQ:WBA), PVH (NYSE:PVH) and JA Solar (NASDAQ:JASO) on March 28; Constellations Brands (NYSE:STZ) on March 29. See Seeking Alpha’s Earnings Calendar for the complete list.
Apple Special Event: Apple (NASDAQ:AAPL) is scheduled to hold an event at Lane Tech College Prep High School in Chicago on March 27. The company is looking to win back market share in the education market after watching Chromebooks soar in popularity. Hardware updates from the tech company could include an updated iPad Pro with Face ID technology, a new entry-level 9.7-inch iPad and an updated iPhone SE. Could an Apple office in the Midwest be part of the plan?
IPOs expected to price: GreenTree Hospitality (Pending:GHG) on March 26; Bilibili (Pending:BILI), Onesmart International Education (NYSE:ONE) and OB Bancorp (OTCQB:OPBK) on March 27; Ibex (Pending:IBEX), Iqiyi (Pending:IQ), Unum Technologies (Pending:UNUM) and Homology Medicines (Pending:FIXX) on March 28.