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Hobbs Catalyst Watch - Week of May 5th

  • Writer: Mike
    Mike
  • May 3
  • 3 min read

Here’s a list summary of key market events and earnings reports scheduled for the week of May 4, 2025, this reflects projections based on historical patterns, typical economic calendars, and recent data from web sources and X posts, with some details (especially earnings) subject to final confirmation.


Sunday, May 4:

  • Berkshire Hathaway Annual Shareholder Meeting (weekend wrap-up in Omaha, NE): While Q1 earnings were announced May 3 (operating earnings down 14% to $9.64 billion due to insurance underwriting losses), commentary from Warren Buffett on tariffs, cash reserves, and market outlook could influence sentiment.


Monday, May 5:

  • 9:45 AM EST: S&P Global Composite PMI (Final) for April – A comprehensive economic activity gauge that could impact market sentiment.

  • 10:00 AM EST: CB Employment Trends Index for April – Labor market trends that might influence economic growth perceptions.

  • 10:00 AM EST: ISM Services PMI for April – A key service sector indicator that could sway broader market sentiment.

  • 1:00 PM EST: 3-Year Note Auction – Bond market activity that might affect yields and rate-sensitive stocks.

  • Earnings_reports:

    • Before Market Open: None widely confirmed yet.

    • After Market Close: Palantir Technologies (PLTR), Ford Motor (F) – Palantir’s AI-driven results and Ford’s auto tariff exposure could drive tech and auto sector moves.


Tuesday, May 6:

  • 8:30 AM EST: International Trade Balance for March – Trade data, especially amid tariff talks, could impact currency and trade-sensitive stocks.

  • 3:00 PM EST: Consumer Credit for March – Consumer borrowing trends that might affect financial and retail sectors.

  • Earnings Reports:

    • Before Market Open: None widely confirmed yet.

    • After Market Close: Advanced Micro Devices (AMD), Super Micro Computer (SMCI) – Semiconductor and AI server earnings that could significantly influence tech sector momentum.


Wednesday, May 7:

  • 2:00 PM EST: FOMC Interest Rate Decision and Statement – The Fed is expected to hold rates at 4.25%–4.50%, with no cuts likely due to a strong April jobs report (177,000 jobs, 4.2% unemployment). The statement and Powell’s 2:30 PM EST press conference could drive volatility based on tariff and inflation commentary.

  • Earnings Reports:

    • Before Market Open: Johnson Controls (JCI) – Industrial earnings that might reflect tariff-related cost pressures.

    • After Market Close: Walt Disney (DIS), Uber (UBER), AppLovin (APP), Arm Holdings (ARM), DoorDash (DASH), Occidental Petroleum (OXY) – Media, ride-sharing, gaming, chip design, delivery, and energy earnings that could drive diverse sector reactions. Disney’s streaming and theme park performance will be closely watched.


Thursday, May 8:

  • 8:30 AM EST: Initial and Continuing Jobless Claims – Weekly labor market data that could refine economic health views post-jobs report.

  • 10:00 AM EST: Wholesale Inventories (Final) for March – Inventory data that might signal demand and supply chain trends.

  • Earnings Reports:

    • Before Market Open: Tapestry (TPR), ConocoPhillips (COP), Anheuser-Busch InBev (BUD) – Luxury goods, energy, and beverage earnings that could reflect consumer and commodity trends.

    • After Market Close: Shopify (SHOP), Warner Bros. Discovery (WBD), Coinbase Global (COIN), Lyft (LYFT), McKesson (MCK) – E-commerce, media, crypto, ride-sharing, and healthcare distribution results that could drive sector-specific volatility.


Friday, May 9:

  • 10:00 AM EST: University of Michigan Preliminary Consumer Sentiment for May – A consumer confidence gauge that could impact retail and discretionary stocks.

  • Multiple Times (TBD): Nine Federal Reserve Speakers – Comments from Fed officials (e.g., Goolsbee, Waller) could influence rate cut expectations, especially after the FOMC meeting.

  • Earnings Reports:

    • Before Market Open: None widely confirmed yet.

    • After Market Close: Typically light for earnings; monitor for smaller-cap reports.


Additional Notes:

  • FOMC Focus: The May 7 FOMC decision is the week’s centerpiece. With a strong April jobs report and core inflation projected at 3.5%–4%, the Fed is likely to hold rates steady, reducing June cut odds from 55% to 36.6%. Powell’s press conference will be critical for signals on tariff-driven inflation and labor market cooling.

  • Earnings Context: Q1 earnings season continues, with Palantir (PLTR), AMD, Disney (DIS), and Uber (UBER) as highlights. Palantir and AMD could drive AI/tech sentiment, while Disney and Uber reflect consumer discretionary trends amid tariff uncertainties (e.g., auto tariffs effective May 3).

  • Tariff Dynamics: Recent U.S. tariff delays and optimism for U.S.-China trade deals (per X posts and web sources) may temper volatility, but earnings guidance from tariff-exposed firms (e.g., Ford, Disney) will be scrutinized.

  • Market Sentiment: X posts highlight trader focus on Palantir and Disney earnings, with markets rangebound after a relief rally from softened tariff rhetoric. S&P 500 support is noted at 5,300.

 
 
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