This week, investors can expect to receive a range of key earnings updates from various companies, including Tesla, GE Vernova, Coca-Cola, T-Mobile, Verizon, AT&T, and Boeing. These reports will provide valuable insights into the financial health and performance of these major corporations.
In addition to earnings reports, several Federal Reserve officials, such as Federal Reserve Gov. Michelle Bowman, Dallas Fed President Lorie Logan, and Kansas City Fed President Jeffrey Schmid, will be delivering important remarks throughout the week. This will offer investors and market watchers valuable insights into the Fed’s perspective on economic conditions and monetary policy.
Moreover, market watchers will also be keeping a close eye on the housing market updates, Purchasing Managers Index surveys for manufacturing and services, and consumer sentiment data for October. These indicators will provide valuable information on the health of the economy and the sentiment of consumers and businesses.
Throughout the week, there will be various significant events and updates to watch out for:
On Monday, October 21, leading economic indicators for September will be released, and Federal Reserve officials like Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid, and Minneapolis Fed President Neel Kashkari will deliver remarks. Additionally, companies like SAP SE, Nucor, and Logitech will report their earnings.
Tuesday, October 22, will see Philadelphia Fed President Patrick Harker delivering remarks, along with earnings reports from companies like GE Aerospace, Philip Morris, Verizon, and Texas Instruments.
Wednesday, October 23, will bring updates on existing home sales for September, the release of the Federal Reserve Beige Book, and remarks from Federal Reserve Gov. Michelle Bowman. Earnings reports from companies like Tesla, Coca-Cola, T-Mobile, Thermo Fisher Scientific, IBM, ServiceNow, AT&T, Boeing, and GE Vernova will also be released.
Thursday, October 24, will feature reports on initial jobless claims for the week ending October 19, S&P flash U.S. PMI for October, new home sales for September, and remarks from Cleveland Fed President Beth Hammack. Additionally, companies like Union Pacific, Honeywell International, United Parcel Services, and Capital One Financial will report their earnings.
Finally, on Friday, October 25, durable-goods orders for September, final consumer sentiment data for October, and earnings reports from companies like HCA Healthcare and Colgate-Palmolive will be released.
Overall, this week promises to be filled with significant events and updates that will provide valuable insights into the state of the economy, the performance of major companies, and the outlook for various sectors. Investors and market watchers will need to stay informed and attentive to make informed decisions in the ever-changing market environment.