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Week Ahead: April 5th 2021
An article by • Published May 25, 2021

Week Ahead: April 5th 2021

The U.S. Bureau of Labor Statistics released Non-farm Payroll Jobs Report for March 2021 last Friday, April 2nd, and it was very positive. According to the report, the U.S. economy added 916,000 jobs during this March. Stock market was closed on Friday due to Good Friday, so markets participants are expected to positively react to the report this week.

Tesla Q1 2021 EV Data
Tesla Motors (ticker: $TSLA) announced vehicle production and delivery data for first quarter of 2021 on Friday, April 2nd, in an
8-K SEC filing
. The company produced 180,338 vehicles and delivered 184,800 vehicles. The company's management commented on the data - "We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production." Positive data from Tesla is expected to dominate news headlines early this week.

Mergers & Acquisition Watch
Xilinx (ticker: $XLNX) has scheduled an extraordinary shareholders meeting on Wednesday, May 7th, to vote on the proposal of acquisition for about $35 billion by Advanced Micro Devices (ticker: $AMD). Boards of both the companies
have recommended to vote "FOR"
the proposal.

Investor Events To Watch Out For:
April 6 - Applied Materials (ticker: $AMAT) Investor Meeting
April 7 - Costco (ticker: $COST) March 2021 Sales Data Report
April 8 - CrowdStrike Holdings (ticker: $CRWD) Investor Briefing

Key Earnings Announcements:
April 5 - Duck Creek Technologies (ticker: $DCT)
April 6 - Paychex (ticker: $PAYX)
April 7 - Carnival Corporation (ticker: $CCL)
April 8 - Levi Strauss & Co. (ticker: $LEVI), Constellation Brands (ticker: $STZ), ConAgra Foods (ticker: $CAG)

Major Economic Event:
April 7 - U.S. Balance of Trade for February 2021 from U.S. Bureau of Economic Analysis