October 27th - The Week Ahead

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The Week Ahead Of Us 🔍

Welcome back!

Markets Note: S&P and Nasdaq futures are up 0.43% and 0.48% respectively going into a big Tech earnings week. Late last week, Tech rallied, led by Tesla’s strong earnings report, but the broader market was dragged a bit by banks underperforming. Outside of tech earnings, we may be in a bit of a “wait and see” mode here in the U.S. until we get a sense of who the next President is.

Here’s a look at earnings this week.

• Tuesday: Alphabet, Visa, Advanced Micro Devices, McDonald’s, Pfizer, Stryker, Chubb, Mondelez International, PayPal, Chipotle, Super Micro Computer

• Wednesday: Microsoft, Meta, Eli Lilly, AbbVie, Caterpillar, Amgen, Booking Holdings, Automatic Data Processing

• Thursday: Apple, Amazon, Mastercard, Merck, Linde, Uber, Comcast, Eaton, ConocoPhillips, Bristol-Myers Squibb, Regeneron, Intel, Altria

• Friday: Exxon Mobil, Chevron

Here’s a look at economic data this week. We have a big week ahead as 3% 3Q24 GDP growth is expected, but an October unemployment rate of 4.1% is expected.

• Tuesday: October Consumer Confidence, September Job Openings, and The S&P Case-Shiller home price index

• Wednesday: ADP Employment, GDP

• Thursday: Personal income growth, personal spending growth, the PCE Index, Core PCE, pending home sales, and initial jobless claims

• Friday: US unemployment, US hourly wages growth, October Manufacturing PMI, ISM manufacturing, October auto sales