A whopping 151
corporations are scheduled to report this week, plus a whole bunch of smaller companies. We’re within the thick of third-quarter earnings season.
A few of the Most worthy U.S. corporations will current to traders, together with Fb on Monday,
Microsoft and Google-parent Alphabet on Tuesday, and
Amazon.com on Thursday.
Different highlights will embody
Superior Micro Gadgets, Common Electrical, Lockheed Martin, Twitter, UPS, and
Visa on Tuesday, then
Boeing on Wednesday.
Western Digital report.
Chevron shut the week on Friday.
Financial information out this week contains the Convention Board’s Client Confidence Index for October on Tuesday, the Census Bureau’s durable-goods report for September on Wednesday, and the Bureau of Financial Evaluation’ preliminary estimate for third-quarter GDP on Thursday.
Economists’ consensus estimate is for a seasonally adjusted annual progress charge of 4%, after the financial system grew 6.7% within the second quarter.
Mega-cap tech corporations headline the week’s quarterly outcomes beginning with Fb, which studies after the shut. Alphabet and Microsoft observe on Tuesday, and Amazon.com and Apple on Thursday.
Kimberly-Clark, and Otis Worldwide launch quarterly outcomes.
3M, Superior Micro Gadgets,
Ameriprise Monetary, Capital One Monetary, Chubb,
Eli Lilly, Common Electrical,
Hasbro, Invesco, Lockheed Martin, MSCI,
Raytheon Applied sciences, S&P World,
Texas Devices, Twitter,
United Parcel Service, and Visa report earnings.
The Census Bureau studies gross sales of latest single-family homes for September. Consensus estimate is for a seasonally adjusted annual charge of 775,000 properties bought, 35,000 greater than the August determine.
The Convention Board releases its Client Confidence Index for October. Expectations are for a 110 studying, much like the September information. The index is 15% decrease than its latest peak in June, with concern in regards to the unfold of the Delta variant and inflation dampening client optimism.
S&P CoreLogic releases its Case-Shiller Nationwide Dwelling Value Index for August. Economists forecast a 20% year-over-year rise, a tick greater than July’s 19.7% improve. If that estimate proves right, it will be the fifth consecutive month-to-month document achieve for the index.
Computerized Knowledge Processing, Boeing,
CME Group, Coca-Cola, eBay, Ford Motor,
Common Dynamics, Common Motors,
Worldwide Paper, Kraft Heinz, McDonald’s,
Previous Dominion Freight Line, ServiceNow,
Spotify Know-how, and
Thermo Fisher Scientific launch quarterly outcomes.
The Census Bureau releases the durable-goods report for September. New orders for manufactured sturdy items are anticipated to say no 0.5% month over month to $262 billion, after a 1.8% achieve in August. Excluding transportation, new orders are seen rising 0.8%, above August’s 0.3% achieve.
Altria Group, American Tower, Caterpillar, Comcast,
Intercontinental Change, Mastercard, Merck, Moody’s, Newmont,
Shopify, Starbucks, and Yum! Manufacturers maintain convention calls to debate earnings.
The Bureau of Financial Evaluation studies its preliminary estimate for third-quarter GDP. Consensus estimate is for a seasonally adjusted annual progress charge of 4%, after the financial system grew 6.7% within the second quarter.
Cboe World Markets, Constitution Communications, Chevron,
L3Harris Applied sciences, and Weyerhaeuser report quarterly outcomes.
Write to Nicholas Jasinski at [email protected]