Blue-chip stocks IBM, INTC, TRV, and VZ will report earnings next week
Though investors are in the midst of a busy month featuring election drama, a second stimulus, and a potential coronavirus vaccine, there is still plenty of data to sift through this upcoming week. Housing data will be highlighted, followed by jobless claims and consumer data later in the week. As earnings season gains steam, the latest quarterly reports will trickle in as well, with several blue-chip names such as IBM (IBM), Intel (INTC), Procter & Gamble (PG), Travelers (TRV), and Verizon (VZ) among the notable reports.
Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website
for official reporting dates.
Monday, October 19 starts the week off with the NAHB home builders' index and the Federal Budget for September. On the earnings docket will be Haliburton (HAL), IBM, Steel Dynamics (STLD).
On Tuesday, October 20, investors will be looking at September's housing starts and building permits. Meanwhile, Lockheed Martin (LMT), Netflix (NFLX), Procter & Gamble (PG), Snap (SNAP), Texas Instruments (TXN), Travelers Companies will all report earnings.
By Wednesday, October 21, the Federal Reserve's "Beige book" is on tap, with earnings from Spirit Airlines (SAVE), Tesla (TSLA), Verizon, and Whirlpool (WHR) slated for release.
Thursday, October 22, gets busier with initial and continuous jobless claims, as well as existing home sales. Also, AT&T (T), Coca-Cola (KO), Intel, and Southwest Air (LUV) will step into the earnings confessional.
And finally on Friday, October 23, the Markit Manufacturing Purchasing Managers Index (PMI) and the Markit Services PMI and will be released, with no earnings of note.