Apple Unleashed Event, House Supply Chain Hearing, Tesla Best Results Next Week

Profits season will be in full swing this week with a slew of companies expected 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 NAHB Housing Marketing Index, are also on the agenda.

The week will also be filled with special events from Apple, Google, Samsung, which will showcase all the latest releases of their customers’ favorite tech products, and a congressional hearing examining issues causing disruption to the global supply chain, the challenges small entities face in adapting to the disruption; and the actions the federal government can take to strengthen supply chain resilience.

This as stocks are trading higher after a stronger than expected retail sales report and strong bank profits on Friday.

Teleprinter Security Last Switch Switch %
Me: DJI MEDIUM DOW JONES 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 upcoming events that are likely to move Financial markets in the coming days.

Monday 18/10

Albertsons and State Street Corporation will launch results the week before the market opens and Steel Dynamics and Zions Bancorporation after the bell.

Teleprinter Security Last Switch Switch %
ACI ALBERTSON COMPANIES 28.56 +0.21 + 0.74%
STT STREET STATE CORP. 92.73 +1.02 + 1.11%
STLD STEEL DYNAMICS, INC. 61.88 +0.21 + 0.34%
IF WE ZIONS BANCORPORATION, NA 62.14 -0.50 -0.80%

As for economic data, investors will be watching industrial production and the National Association of Homebuilders Housing Market Index.

Also on Monday, Apple is expected to host its Unleashed event, which is expected to unveil the latest versions of its Macbook Pro laptops. Computers are said to be equipped with the “M1X” processor, designed by Apple, after previous versions used Intel chips.

Teleprinter Security Last Switch Switch %
CMCSA COMCAST CORP. 54.02 +0.03 + 0.06%
CS CREDIT SUISSE GROUP SA 10.57 +0.14 +1.34%

In addition, Comcast and Credit Suisse are expected to welcome fully vaccinated employees back to the office.

Tuesday 19/10

On Tuesday, investors will collect profits from a number 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 in the spotlight after the bell.

Teleprinter Security Last Switch Switch %
BK NEW YORK BANK 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. 628.29 -5.51 -0.87%
KSU SOUTH OF KANSAS TOWN 295.59 +3.26 +1.12%

As for economic data, building permits and housing starts will be in the spotlight. The Federal Reserve will also tour Philadelphia Fed Chairman Patrick Harker speaking ahead of the “C3: Cybersecurity Collaboration & Cooperation” conference, San Francisco Fed Chairman Mary Daly speaking to a Regional Banker Forum and Atlanta Fed President Raphael Bostic participating in a virtual interview. dubbed “Back to Work: Helping the Long-Term Unemployed” and speaking ahead of the US Federal Reserve’s “Exploring Careers in Economics” event.

The European Commission will publish a report on the impact of the COVID-19 pandemic on the European economy.

Teleprinter Security Last Switch Switch %
GOOGL ALPHABET, INC. 2 827.36 +4.34 + 0.15%

Also on Tuesday, Google will unveil its Pixel 6 and Pixel 6 Pro phones, which are powered by the tech giant’s first custom mobile chip, Tensor. The Pixel Fall launch event will be broadcast live at 10 a.m. PT / 1 p.m. ET.

Teleprinter Security Last Switch Switch %
XOM EXXON MOBIL CORP. 62.59 +0.59 + 0.95%
SAY THE WALT DISNEY CO. 176.46 +2.05 + 1.18%

Other notable events include the union worker vote on a proposed contract with ExxonMobil and the launch of Disney Genie, a new digital planning service for the company’s theme parks in Florida.

Wednesday 20/10

Profits to watch Wednesday include Abbott Labs, Anthem and Verizon before the market opens and IBM and Tesla after the bell.

Teleprinter Security Last Switch Switch %
ABT ABBOTT LABORATORIES 117.49 -0.08 -0.07%
ANTM HYMNE, INC. 393.05 +2.34 + 0.60%
VZ VERIZON COMMUNICATIONS, INC. 52.27 +0.35 + 0.67%
IBM INTERNATIONAL BUSINESS MACHINES CORP. 144.61 +1.22 + 0.85%
TSLA TESLA, INC. 843.03 +24.71 + 3.02%

Investors will also be watching economic developments outlined in the Beige Book, weekly mortgage applications, the Energy Information Administration’s weekly crude stocks, and remarks from Atlanta Fed Chairman Raphael Bostic, Fed Chairman of Chicago Charles Evans and St. Louis Fed Chairman at the “Racism and the Economy: Focus on the Wealth Divide” virtual conference hosted by Federal Reserve District Banks. San Francisco Fed President Mary Daly will also participate in a virtual fireside discussion ahead of the Asian Banking and Finance Symposium. “

Other important events to watch out for will be Samsung’s Unpacked event, a House Small Business subcommittee on global supply chain surveillance, investigation and regulation, and the international talks in Moscow between representatives of the Russia and the Taliban on the situation in Afghanistan.

Thursday 21/10

On Thursday, Alaska Air, American Airlines, AT&T, AutoNation, BlackStone, Crocs and Southwest Airlines were among the big names who reported before the market opened.

Teleprinter Security Last Switch Switch %
ALK ALASKA AIR GROUP, INC. 57.77 +0.25 + 0.43%
AAL AMERICAN AIRLINES GROUP, INC. 19.98 +0.34 + 1.73%
T AT&T, INC. 25.70 +0.08 + 0.31%
A AUTONATION, INC. 116.71 +0.67 + 0.58%
BX BLACK STONE 123.03 +1.00 + 0.82%
CROX CROCS, INC. 137.19 +0.57 + 0.42%
LCV SOUTH-WEST AIRLINES CO. 50.36 -1.15 -2.23%

Meanwhile, Boston Beer, Chipotle Mexican Grill, Intel, Mattel, Snap, and Whirlpool will deliver results after the bell.

Teleprinter Security Last Switch Switch %
SAT BOSTON BEER CO., INC. 511.36 -13.83 -2.63%
GCM CHIPOTLE MEXICAN GRILL, INC. 1,830.93 -9.76 -0.53%
INTC INTEL CORP. 54.46 +0.56 +1.04%
CARPET MATTEL, INC. 19.66 -0.05 -0.25%
BREAK SNAP, INC. 77.34 +0.70 + 0.91%
RTH CORP. 206.72 +2.03 + 0.99%

Restaurant chain Portillo’s and coconut water company Vita Coco are also slated to debut on the Nasdaq under the symbols PTLO and COCO. Portillo’s sells 20.3 million shares at $ 17 to $ 20 each, according to its IPO prospectus. At $ 20, Portillo’s valuation could reach $ 1.4 billion. Vita Coco, meanwhile, offers 11.5 million shares at $ 18 to $ 21 each, according to its prospectus. Vita Coco is targeting a valuation of $ 1.17 billion at $ 21 per share.

Economic data on the board for Thursday includes initial and continuing jobless claims, existing home sales, the Philadelphia Fed manufacturing index and the index of major economic indicators.

US Attorney General Merrick Garland holds a press conference to announce that the Department of Justice will file a lawsuit challenging an election law in Georgia that places new limits on voting, at the Department of Justice in Washington, DC, US, Ju (Photo Reuters)

In politics, Attorney General Merrick Garland is expected to testify before the House Judiciary Committee.

Friday 10/22

American Express, Honeywell, Schlumberger and VF Corporation will close the week for results. Meanwhile, Markit Manufacturing and Markit Services PMIs will end the week for economic data.

Teleprinter Security Last Switch Switch %
AXP AMERICAN EXPRESS CO. 175.81 +4.30 + 2.51%
HON HONEYWELL INTERNATIONAL, INC. 220.72 +2.13 + 0.97%
SLB SCHLUMBERGER SA 34.00 +0.48 +1.43%
HRV VF CORP. 73.55 0.00 0.00%

San Francisco Fed President Mary Daly will also participate in a conversation titled “Facing an Uncertain World: The Federal Reserve and Climate Change Risk” ahead of an event hosted by the American Enterprise Institute. Russia’s central bank will also update its inflation forecast and rate path for 2021.

Source link

About William W.

Check Also

Huntington Bancshares Incorporated (NASDAQ: HBAN) Expected to Post Earnings of $ 0.37 Per Share

Stock analysts expect Huntington Bancshares Incorporated (NASDAQ: HBAN) to report earnings of $ 0.37 per …