Earnings season will be in full swing this week with a slew of companies set to report including Netflix, Procter & Gamble, Johnson & Johnson, American Airlines, AT&T, Southwest Airlines, Verizon, IBM, Tesla, Chipotle Mexican Grill and Intel. Key housing data, including existing home sales, building permits, housing starts and the National Association of Homebuilders’ housing market index, are also on the docket.
The week will also be jam-packed with special events from Apple, Google, Samsung, who will all unveil the latest versions of their customers’ favorite technology products, and a Congressional hearing examining the issues causing global supply chain disruptions, challenges small entities are facing in adjusting to the disruption, and steps the federal government can take to strengthen supply chain resiliency.
This as stocks are trading higher following a stronger than expected retail sales report and solid bank earnings on Friday.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 35294.76 | +382.20 | +1.09% |
SP500 | S&P 500 | 4471.37 | +33.11 | +0.75% |
I:COMP | NASDAQ COMPOSITE INDEX | 14897.33971 | +73.91 | +0.50% |
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Monday 10/18
Kicking off earnings for the week will be Albertsons and State Street Corporation before the market open and Steel Dynamics and Zions Bancorporation after the bell.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
ACI | ALBERTSONS COMPANIES | 28.56 | +0.21 | +0.74% |
STT | STATE STREET CORP. | 92.73 | +1.02 | +1.11% |
STLD | STEEL DYNAMICS, INC. | 61.88 | +0.21 | +0.34% |
ZION | ZIONS BANCORPORATION, NA | 62.14 | -0.50 | -0.80% |
As for economic data, investors will be watching industrial production and the NAHB housing market index.
Also on Monday, Apple is set to hold its Unleashed event, which is expected to unveil the latest versions of its Macbook Pro laptops. The computers are rumored to feature the “M1X” processor, designed by Apple, after previous versions used Intel chips.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
CMCSA | COMCAST CORP. | 54.02 | +0.03 | +0.06% |
CS | CREDIT SUISSE GROUP AG | 10.57 | +0.14 | +1.34% |
In addition, Comcast and Credit Suisse are expected to welcome employees back to the office who are fully vaccinated.
Tuesday 10/19
On Tuesday, investors will take in earnings from a slew of companies including Bank of New York Mellon, Johnson & Johnson, Philip Morris and Procter & Gamble before the opening bell. Meanwhile, Netflix and Kansas City Southern will be among the big names taking the spotlight after the bell.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
BK | THE BANK OF NEW YORK MELLON CORP. | 57.16 | +0.59 | +1.04% |
JNJ | JOHNSON & JOHNSON | 161.30 | +1.19 | +0.74% |
PM | PHILIP MORRIS INTERNATIONAL, INC. | 98.37 | -0.48 | -0.49% |
PG | PROCTER & GAMBLE CO. | 144.42 | +0.37 | +0.26% |
NFLX | NETFLIX, INC. |
Read More: Apple Unleashed event, House supply chain hearing, Tesla earnings top week