Key Earnings Reports and Economic Data to Watch This Week
Alpha InspirationSunday, Oct 27, 2024 10:06 am ET
2min readAs the stock market continues to evolve, investors are always on the lookout for the latest earnings reports and economic data that can drive market movements. This week, there are 14 earnings reports and major economic data releases that are likely to capture the attention of investors. In this article, we will highlight some of the key events to watch and their potential impact on the market.
1. Earnings Reports:
* Apple Inc. (AAPL): As one of the largest companies in the world, Apple's earnings report will be closely watched by investors. The company is expected to report earnings of $1.40 per share on revenue of $85.8 billion for the fiscal third quarter.
* Tesla Inc. (TSLA): Tesla's earnings report is always a major event for the stock market. The company is expected to report earnings of $1.83 per share on revenue of $21.1 billion for the second quarter.
* Microsoft Corporation (MSFT): Microsoft is another large-cap technology company that will be reporting earnings this week. The company is expected to report earnings of $2.33 per share on revenue of $50.8 billion for the fourth quarter.
* Amazon.com Inc. (AMZN): Amazon's earnings report is always a closely watched event, and this week will be no different. The company is expected to report earnings of $0.30 per share on revenue of $125.1 billion for the second quarter.
* Facebook, Inc. (FB): Facebook, now known as Meta Platforms Inc., will be reporting earnings this week as well. The company is expected to report earnings of $2.54 per share on revenue of $31.6 billion for the second quarter.
2. Economic Data Releases:
* Gross Domestic Product (GDP): The U.S. Bureau of Economic Analysis will release its advance estimate of second-quarter GDP on Thursday. Economists expect GDP to grow at an annualized rate of 2.5%.
* Personal Consumption Expenditures (PCE) Price Index: The U.S. Bureau of Economic Analysis will release its personal income and outlays report on Friday. The PCE price index is expected to rise 0.1% in June, with the core PCE price index expected to rise 0.3%.
* Consumer Confidence Index: The Conference Board will release its consumer confidence index on Tuesday. Economists expect the index to rise to 128.0 in July from 127.9 in June.
* Jobless Claims: The U.S. Department of Labor will release its weekly jobless claims report on Thursday. Economists expect initial jobless claims to fall to 250,000 in the week ending July 22 from 254,000 in the prior week.
These earnings reports and economic data releases have the potential to move the stock market in significant ways. Investors should pay close attention to these events and adjust their portfolios accordingly. As always, it is important to do thorough research and consider the overall market conditions before making any investment decisions.
In conclusion, this week's earnings reports and economic data releases are likely to be major drivers of stock market movements. Investors should pay close attention to these events and adjust their portfolios accordingly. By staying informed and making well-researched decisions, investors can position themselves for success in the ever-evolving stock market.
1. Earnings Reports:
* Apple Inc. (AAPL): As one of the largest companies in the world, Apple's earnings report will be closely watched by investors. The company is expected to report earnings of $1.40 per share on revenue of $85.8 billion for the fiscal third quarter.
* Tesla Inc. (TSLA): Tesla's earnings report is always a major event for the stock market. The company is expected to report earnings of $1.83 per share on revenue of $21.1 billion for the second quarter.
* Microsoft Corporation (MSFT): Microsoft is another large-cap technology company that will be reporting earnings this week. The company is expected to report earnings of $2.33 per share on revenue of $50.8 billion for the fourth quarter.
* Amazon.com Inc. (AMZN): Amazon's earnings report is always a closely watched event, and this week will be no different. The company is expected to report earnings of $0.30 per share on revenue of $125.1 billion for the second quarter.
* Facebook, Inc. (FB): Facebook, now known as Meta Platforms Inc., will be reporting earnings this week as well. The company is expected to report earnings of $2.54 per share on revenue of $31.6 billion for the second quarter.
2. Economic Data Releases:
* Gross Domestic Product (GDP): The U.S. Bureau of Economic Analysis will release its advance estimate of second-quarter GDP on Thursday. Economists expect GDP to grow at an annualized rate of 2.5%.
* Personal Consumption Expenditures (PCE) Price Index: The U.S. Bureau of Economic Analysis will release its personal income and outlays report on Friday. The PCE price index is expected to rise 0.1% in June, with the core PCE price index expected to rise 0.3%.
* Consumer Confidence Index: The Conference Board will release its consumer confidence index on Tuesday. Economists expect the index to rise to 128.0 in July from 127.9 in June.
* Jobless Claims: The U.S. Department of Labor will release its weekly jobless claims report on Thursday. Economists expect initial jobless claims to fall to 250,000 in the week ending July 22 from 254,000 in the prior week.
These earnings reports and economic data releases have the potential to move the stock market in significant ways. Investors should pay close attention to these events and adjust their portfolios accordingly. As always, it is important to do thorough research and consider the overall market conditions before making any investment decisions.
In conclusion, this week's earnings reports and economic data releases are likely to be major drivers of stock market movements. Investors should pay close attention to these events and adjust their portfolios accordingly. By staying informed and making well-researched decisions, investors can position themselves for success in the ever-evolving stock market.
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