Wednesday’s trading session promises significant market movement driven by major earnings reports and economic data. Investors will be closely watching updates from tech giants like Uber and AMD, as well as entertainment leader Walt Disney Co., with their CEOs appearing on CNBC. The industrial sector, particularly companies benefiting from data center growth and automation, remains a key focus, with Rockwell Automation showing strong recent performance.
Additionally, economic indicators such as mortgage applications and the upcoming jobs report will provide further insight into market trends. Meanwhile, the real estate sector is under the microscope as homebuilder stocks have lagged behind the broader market’s rally.
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As the S&P 500 continues to reach new heights, investors are keenly watching key companies and economic indicators that could shape Wednesday's trading session. Uber and Walt Disney Co. are set to release their quarterly earnings, with their respective CEOs appearing on CNBC to discuss the results and future outlook. Uber CEO Dara Khosrowshahi will join 'Squawk Box' after the ride-sharing giant's earnings report. The company's stock has seen a dip in recent months, down 3% over the past three months and 28% from its September peak. Walt Disney Co. also reports earnings in the early morning hours. The entertainment titan has experienced a 4.3% decline in the last three months, and its shares are trading 19% below their June 30 high, closing Tuesday at $100.48.
On the technology front, AMD's CEO Lisa Su will be a guest on 'Squawk on the Street' following the chipmaker's first-quarter performance. AMD has demonstrated robust growth, with shares up 13% year-to-date, driven by strong performance in its data center segment. The company's stock has surged an impressive 300% over the past year, significantly outpacing Nvidia's 72% gain in the same period.
Industrials are also a significant theme, with companies benefiting from the data center boom and warehouse automation. Jim Cramer recently spoke with Blake Moret, CEO of Rockwell Automation, which reported earnings that surpassed analyst expectations. The company's stock climbed nearly 9% on Tuesday, reaching a new high, and has advanced nearly 72% in the past year. CNBC's 'Morning Call' will also dedicate a segment to industrials poised to benefit from the data center surge, following recent spotlights on Caterpillar and Rockwell Automation.
Looking ahead to the afternoon, Arm Holdings is expected to be a significant mover, having already jumped 88% in the last three months, though it is currently 12% off its April high. Apple's strategy for Siri will also be under scrutiny with new reporting from CNBC's MacKenzie Sigalos. Apple's stock has seen an 11% rise in the past month and is only 1.5% below its recent high.
Economic data will also play a role, with mortgage application numbers due at 7 a.m. ET. The real estate sector has not kept pace with the broader market's gains, with several homebuilders like Toll Brothers, Hovnanian, PulteGroup, Taylor Morrison, D.R. Horton, Lennar, and NVR showing mixed to negative performance over the past month and three months, and all trading significantly below their recent highs.
Furthermore, attention will be on the upcoming jobs report on Friday morning, with prediction markets at cnbc.com/prediction-markets/ already tracking user interest. Key predictions include Uber's first-quarter trip volume and the normalization of shipping traffic in the Strait of Hormuz, alongside anticipation for the April jobs report.
