Third-quarter reports will be this week’s focus, with
S&P 500
companies on pace to return to earnings growth. It will be a much quieter week on the economics front after a Federal Reserve meeting, jobs data, and U.S. Treasury funding announcements last week.
Companies reporting on Monday will include
BioNTech
and
Constellation Energy.
On Tuesday,
Devon Energy,
D.R. Horton,
eBay,
Emerson Electric,
KKR,
Occidental Petroleum,
Uber Technologies,
and
UBS
announce results.
Wednesday’s highlights will include
Kellanova,
MGM Resorts
International,
Roblox,
Walt
Disney,
and
Warner Bros. Discovery,
followed by
AstraZeneca
and
Becton Dickinson
on Thursday.
The economics calendar will feature Federal Reserve consumer credit data for September on Tuesday and the University of Michigan’s Consumer Sentiment index for November on Friday.
Monday 11/6
BioNTech,
Celanese,
Constellation Energy,
Coterra Energy,
Diamondback Energy,
NXP Semiconductors,
Realty Income, and
Vertex Pharmaceuticals
release quarterly results.
Tuesday 11/7
Air Products and Chemicals,
DaVita,
Devon Energy, D.R. Horton, eBay, Emerson Electric,
Fidelity National Information Services,
Gilead Sciences,
KKR, Occidental Petroleum, Uber Technologies, UBS, and
Zimmer Biomet Holdings
announce earnings.
The Federal Reserve reports consumer credit data for September. In August total consumer debt fell at a seasonally adjusted annual rate of 3.8% to $4.97 trillion. Revolving credit, mainly credit card debt, jumped 13.8%. Nonrevolving credit, such as mortgages and auto loans, declined 9.8%, reflecting the slowdown in the housing market.
Wednesday 11/8
Biogen,
Corteva,
Kellanova, MGM Resorts International, Roblox,
Take-Two Interactive Software,
Walt Disney, and Warner Bros. Discovery report quarterly results.
Thursday 11/9
AstraZeneca, Becton Dickinson, Brookfield,
Hologic,
Illumina,
Sony Group,
Tapestry, Trade Desk,
TransDigm Group,
and
Wynn Resorts
hold conference calls to discuss earnings.
Friday 11/10
The University of Michigan releases its Consumer Sentiment index for November. Consensus estimate is for a 63.9 reading, roughly even with the October figure and well below historical averages. Consumers’ expectations for the year-ahead inflation was 4.2% in October, a one percentage point jump from September and the highest reading since May.
—Dan Lam contributed to this article
Write to Nicholas Jasinski at nicholas.jasinski@barrons.com
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