Monday, May 3, 2021We start a new month of trading with a spring in the major indexes’ step: the Dow looks to open +180 points, the Nasdaq +60 and the S&P 500 +20. Though April kind of skidded into its final weeks, it still represented the market’s best performance in about half a year. And with Q1 earnings season continuing to unfold favorably (for the most part), investors look to enjoy a healthy Q2, as well.Estee Lauder EL reported fiscal Q3 earnings well ahead of expectations: $1.62 per share versus $1.29 in the Zacks consensus and 85 cents per share in the year-ago quarter. However, quarterly sales of $3.86 billion missed expectations by 1.54%. Shares have fallen 4.75% in early trading on the news, though they still are outpacing the S&P 500 year to date. For more on EL’s earnings, click here.Major conglomerate Loews Corp. L posted a positive earnings beat for its fiscal Q4: 73 cents per share topped estimates by 1.4%, and a nice bounce-back from -53 cents in the year-ago quarter. Revenues of $3.8 billion represent gains of 18% year over year, based on +15.6% from CNA Financial CNA and +18.4% from Diamond Offshore DO. Loews Hotels posted a $59 million net loss, -6.1%. Shares are +25% year to date, double the S&P. For more on L’s earnings, click here.After the opening bell, we look toward both Markit Manufacturing PMI and ISM Manufacturing prints, both for April. Expectations are for 60.6 and 65.9%, respectively — basically flat month over month. Also Construction Spending for March will hit the tape with a rebound expected to +1.8% from -0.8% the previous month. Finally, sporadic motor vehicle sales will be coming in throughout the day. All this date will articulate further the strength of the economy just in the rearview mirror.This will be the busiest week for earnings reports, even as many of the marquee names in Banks, Tech and elsewhere have already released results. This week, the companies on the front-lines of the war on Covid — Pfizer PFE, Moderna MRNA and CVS CVS — along with General Motors GM and Etsy ETSY, among many others. This is also jobs data week, starting Wednesday with the ADP ADP private sector rolls and Friday’s all-important non-farm employment numbers.Questions or comments about this article and/or its author? Click here>> The Hottest Tech Mega-Trend of All Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Automatic Data Processing, Inc. (ADP): Free Stock Analysis Report Pfizer Inc. (PFE): Free Stock Analysis Report The Estee Lauder Companies Inc. (EL): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Moderna, Inc. (MRNA): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Loews Corporation (L): Free Stock Analysis Report CNA Financial Corporation (CNA): Free Stock Analysis Report Etsy, Inc. (ETSY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report