Thursday brings results from four of five Big Tech companies: Alphabet,

Amazon.

com,

Apple,

and

Facebook.

The last,

Microsoft,

reports on Tuesday. Other notable releases on Thursday will come from

Activision Blizzard,


Comcast,

Kraft Heinz, Newmont, and

Twitter.

Finally, Friday’s results include Altria Group,

Chevron,


Exxon Mobil,

and

Honeywell International.

The economic data calendar this week is quiet by comparison. Highlights will include the Conference Board’s Consumer Confidence Index for October on Tuesday and the Bureau of Economic Analysis’ personal income and expenditures data for September on Friday.

The BEA also releases its advance estimate for third-quarter gross domestic product on Thursday. The

Bank of Japan

announces a monetary policy decision that same day. The central bank is expected to hold its target interest rate steady at negative 0.1%.

Monday 10/26


F5 Networks,

Hasbro, HCA Healthcare,

National Oilwell Varco,

Otis Worldwide, SAP, and Twilio release quarterly results.

The Census Bureau reports sales of new single-family homes for September. Consensus estimate is for a seasonally adjusted rate of one million homes sold, roughly even with the August figure. New-home sales are now at their highest level since 2006.

Tuesday 10/27

3M,

Advanced Micro Devices,

BP, Caterpillar, Centene, Cummins,

Eli Lilly,


Franklin Resources,

Invesco,

Laboratory Corp. of America Holdings,

Merck, Microsoft, MSCI,

Novartis,

Pfizer,

Raytheon Technologies,

and S&P Global report earnings.

The Conference Board releases its Consumer Confidence Index for October. Economists forecast a 101.5 reading, just below the September data. Consumer confidence increased sharply in September, but remains below prepandemic levels.

Wednesday 10/28


Ameriprise Financial,


Amgen,

Anthem,

Automatic Data Processing,

Boeing,

Cerner,


CME Group,

eBay, Equinix,

Etsy,

Ford Motor,

General Dynamics,

General Electric, Gilead Sciences, Mastercard,

Norfolk Southern,

Pinterest,

ServiceNow,


Sony,

United Parcel Service, and Visa report quarterly results.

READ  iPhone 11 vs. iPhone XS: Don't ditch your old phone yet - CNET
Thursday 10/29

It’s a big day for tech, as many megacaps release results. Four of the FAANGs—Facebook, Amazon.com, Apple, and Google parent Alphabet—report after the market close.


Activision Blizzard,

Alexion Pharmaceuticals, American Tower,

Anheuser-Busch InBev,

BorgWarner,

CBRE Group,

Comcast,

ConocoPhillips,


DuPont,

Intercontinental Exchange,

International Paper,

Kraft Heinz,

MGM Resorts International,


Molson Coors Beverage,

Moody’s, Newmont,

Royal Dutch Shell,


Sanofi,

and Twitter hold conference calls to discuss earnings.

The Bank of Japan announces its monetary policy. The central bank is widely expected to keep its short-term interest rate unchanged at negative 0.1%.

The Bureau of Economic Analysis reports its advance estimate for third-quarter gross domestic product. Expectations are for a record expansion at an annualized 30% rate after a record contraction of 31.4% in the second quarter.

Friday 10/30


AbbVie,

Altria Group,

Cboe Global Markets,


Charter Communications,

Chevron,

Colgate-Palmolive,

Exxon Mobil, Honeywell International,

Phillips 66,

and

Weyerhaeuser

report quarterly results.

The BEA reports personal income and expenditures for September. Consensus estimates are for a 0.1% month-over-month increase for income and 1% gain in spending. This compares with a 2.7% decline and 1% rise, respectively, in August.

Write to Nicholas Jasinski at nicholas.jasinski@barrons.com



READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here