This week is expected to be very busy with a mix of financial updates and celebratory events. Investors are bracing for a flurry of major earnings reports that will provide important snapshots of how various sectors are weathering the current economic climate.
Along with the wave of profits comes a sense of celebration. Halloween is approaching and people are ready to enjoy the spooky festivities with creative costumes, themed parties, and various new trends. This year, Halloween coincides with Diwali, a major Hindu festival of lights that is gaining popularity in the United States. Many major retailers are expanding their assortments to include Diwali-themed products, from festive lights to traditional sweets, to make it easier for people to join in the celebrations.
By the end of this week, the focus will turn to the next US presidential election. As the election results could have a significant impact on economic policy and investor sentiment, the market is keeping an eye on political developments as the results are just around the corner.
Let’s take a closer look at what’s to come and see how the market reacts to this combination of financial information and holiday cheer.
A week full of financial reports
This week will be busy with earnings reports from big tech companies and other industry giants. Here’s a breakdown of what’s worth noting:
Monday’s Ford results
Ford Motor Co. (F) starts the week by releasing an earnings report after the closing bell.
Google, Chipotle, AMD and more to announce earnings on Tuesday
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The revenue wave has been intensifying, starting with a pre-market announcement from Google’s parent company Alphabet (GOOGL).
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On the same day, Advanced Micro Devices (AMD) plans to share its financial status with payment giants Visa (V) and PayPal (PYPL) after the transaction closes.
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In healthcare, Novartis AG (NVS) and Pfizer (PFE) will release reports before the opening bell.
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Insurance company Chubb (CB) will report its results after the market closes.
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Other notable companies to report on Tuesday include Reddit (RDDT), Chipotle (CMG), Spotify (SPOT), and JetBlue Airways (JBLU).
Meta, Microsoft and other companies’ earnings will be announced on Wednesday.
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Big technology continues to be in the spotlight, with Microsoft (MSFT) and Metaplatforms (META) scheduled to announce their financial results.
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Companies with ties to the crypto sector are also scheduled to report after the closing bell, including Coinbase (COIN), MicroStrategy (MSTR), and Robinhood (HOOD).
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Additional notable reports include reports from Eli Lilly (LLY), Shake Shack (SHAK), Starbucks (SBUX), and Etsy (ETSY).
Earnings from Apple, Amazon and others to be announced on Thursday
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Tech giants Apple (AAPL), Intel (INTC), and Amazon (AMZN) are expected to release their earnings after the market closes, providing insight into their performance this quarter.
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Earlier in the day, Mastercard (MA), Uber (UBER), Comcast (CMCSA) (CCZ) and Estée Lauder (EL) will release financial results before the market opens.
Berkshire Hathaway’s Friday results
The week concludes with earnings results for Warren Buffett’s Berkshire Hathaway (BRK), as well as energy giants Exxon Mobil (XOM) and Chevron Corporation (CVX).
Macroeconomic reports to watch this week
This week brings a series of important economic reports that may provide insight into the current state of the U.S. economy. Things start on Tuesday with the release of the Consumer Confidence Report, an indicator of consumer sentiment. Next, the job information for September will be released, revealing current labor demand.
All eyes will be on the private sector on Wednesday with the release of the ADP jobs report, which provides an early snapshot of job growth. The third quarter gross domestic product (GDP) report will also be released on this day, and all eyes will be on whether there are any signs of economic expansion or slowdown.
Thursday will feature the Personal Consumption Expenditures (PCE) Price Index, which provides important data on price changes for goods and services purchased by U.S. consumers. There will also be a weekly report on new unemployment insurance claims, which will provide a real-time picture of the health of the labor market.
The week ends on Friday with the release of the long-awaited U.S. jobs report, which includes data on nonfarm payrolls, the national unemployment rate, average hourly wages, and more. These numbers are important indicators of labor market strength and could influence future Federal Reserve policy decisions.
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