Apr 22 | Daily Finance News

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U.S. STOCK PICKS

The S&P 500 rose Monday as Wall Street tried to rebound from a pullback last week, with Middle East tensions easing. Traders also looked ahead to the release of major tech earnings.
Companies including Tesla, Meta Platforms, American Airlines, Microsoft, and Alphabet all set to report in the week ahead. Tesla reports after the bell Tuesday, Facebook-parent Meta is on deck Wednesday, while Apple, Intel and Microsoft all report Thursday.
Tesla slides 3% in premarket, Li Auto sinks 8% as EV makers slash prices amid fierce competition.
Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand.
Zions Bancorp. climbed after reporting stronger earnings for the latest quarter than expected. Analysts called it a solid showing, and its stock rose 2.7% to recover some of the sharp slide they took last year on worries surrounding the strength of the larger regional banking industry.
There is some potentially bigger news in the back part of this this week, with GDP due out on Thursday and a key inflation reading on Friday, when the Commerce Department reports personal consumption expenditures price index data for March. The PCE deflator is the Fed’s preferred inflation gauge.

CANADA MARKET

Five things to watch for in the Canadian business world in the coming week:

Railway earnings： The country's two biggest railway companies will report their first-quarter results this week. Canadian National Railway Co. will report its results after the close of financial markets on Tuesday, while Canadian Pacific Kansas City Ltd. will release its results before markets open Wednesday.
Bank of Canada deliberations： The Bank of Canada will release Wednesday its summary of monetary policy deliberations for its interest rate decision earlier this month. The central bank kept its key interest rate target on hold at five per cent, but governor Tiff Macklem said it was "within the realm of possibilities" that he could cut rates in June.
Metro results： Grocer Metro Inc. will report its second-quarter results and hold a conference call with financial analysts on Wednesday morning. The results come as discussions toward a grocery code of conduct continue. The industry has been under scrutiny as food inflation has outpaced the overall increases in the cost of living.
Retail sales： Statistics Canada is set to report retail sales figures for February on Wednesday. The agency said last month that retail sales in January fell 0.3 per cent to $67.0 billion for the first month of the year, but its early estimate for February pointed to an increase of 0.1 per cent.
Resource sector results： Quarterly results from several of the big names in the Canadian resource sector are expected this week. First Quantum Minerals Ltd. will report after the close of trading on Tuesday and hold a conference call Wednesday. Teck Resources Ltd. is expected to report its results before markets open on Thursday, while Agnico Eagle Mines Ltd. is expected to report after markets close on Thursday. Imperial Oil Ltd. will report its results and hold a conference call with financial analysts and investors Friday morning.