A whopping 151
S&P 500
companies are scheduled to report this week, plus hundreds of smaller firms. We’re in the thick of third-quarter earnings season.
Some of the most valuable U.S. companies will present to investors, including Facebook on Monday,
Microsoft
and Google-parent Alphabet on Tuesday, and
Apple
and
Amazon
.
com on Thursday.
Other highlights will include
Advanced Micro Devices
,
General Electric, Lockheed Martin, Twitter, UPS, and
Visa
on Tuesday, then
eBay
,
Coca-Cola
,
and
Boeing
on Wednesday.
On Thursday,
Comcast
,
Mastercard
,
Merck,
Starbucks
,
and
Western Digital
report.
AbbVie
,
Charter Communications
,
and
Chevron
close the week on Friday.
Economic data out this week includes the Conference Board’s Consumer Confidence Index for October on Tuesday, the Census Bureau’s durable-goods report for September on Wednesday, and the Bureau of Economic Analysis’ preliminary estimate for third-quarter GDP on Thursday.
Economists’ consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Monday 10/25
Mega-cap tech companies headline the week’s quarterly results starting with Facebook, which reports after the close. Alphabet and Microsoft follow on Tuesday, and Amazon.com and Apple on Thursday.
Kimberly-Clark
,
and Otis Worldwide release quarterly results.
Tuesday 10/26
3M
,
Advanced Micro Devices,
Ameriprise Financial
,
Capital One Financial, Chubb,
Ecolab
,
Eli Lilly
,
General Electric,
Hasbro
,
Invesco, Lockheed Martin, MSCI,
Novartis
,
Raytheon Technologies
,
S&P Global,
Texas Instruments
,
Twitter,
United Parcel Service
,
and Visa report earnings.
The Census Bureau reports sales of new single-family houses for September. Consensus estimate is for a seasonally adjusted annual rate of 775,000 homes sold, 35,000 more than the August figure.
The Conference Board releases its Consumer Confidence Index for October. Expectations are for a 110 reading, similar to the September data. The index is 15% lower than its recent peak in June, with concern about the spread of the Delta variant and inflation dampening consumer optimism.
S&P CoreLogic releases its Case-Shiller National Home Price Index for August. Economists forecast a 20% year-over-year rise, a tick higher than July’s 19.7% increase. If that estimate proves correct, it would be the fifth consecutive monthly record gain for the index.
Wednesday 10/27
Automatic Data Processing
,
Boeing,
CME Group
,
Coca-Cola, eBay, Ford Motor,
General Dynamics
,
General Motors,
International Paper
,
Kraft Heinz, McDonald’s,
Old Dominion Freight Line
,
ServiceNow,
Spotify Technology
,
and
Thermo Fisher Scientific
release quarterly results.
The Census Bureau releases the durable-goods report for September. New orders for manufactured durable goods are expected to decline 0.5% month over month to $262 billion, after a 1.8% gain in August. Excluding transportation, new orders are seen rising 0.8%, above August’s 0.3% gain.
Thursday 10/28
Altria Group
,
American Tower, Caterpillar, Comcast,
Intercontinental Exchange
,
Mastercard, Merck, Moody’s, Newmont,
Sanofi
,
Shopify
,
Starbucks, and Yum! Brands hold conference calls to discuss earnings.
The Bureau of Economic Analysis reports its preliminary estimate for third-quarter GDP. Consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Friday 10/29
AbbVie,
Cboe Global Markets
,
Charter Communications, Chevron,
L3Harris Technologies
,
and Weyerhaeuser report quarterly results.
Write to Nicholas Jasinski at nicholas.jasinski@barrons.com
