What To Expect in the Markets This Week

This week, investors will receive key earnings updates from Tesla (TSLA), Amazon (AMZN), Coca-Cola (KO), T-Mobile (TMUS), Verizon (VZ), AT&T (T), and Boeing (BA).

Several Federal Reserve speakers will deliver remarks, including Federal Reserve Gov. Michelle Bowman, Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid, Minneapolis Fed President Neel Kashkari and Philadelphia Fed President Patrick Harker.

Market watchers will also get updates on the housing market, Purchasing Managers Index surveys for manufacturing and services, and consumer sentiment for October.

Monday, October 21

• Leading economic indicators (September)
• Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid and Minneapolis Fed President Neel Kashkari deliver remarks
• SAP SE (SAP), Nucor (NUE) and Logitech (LOGI) report earnings

Tuesday, October 22

• Philadelphia Fed President Patrick Harker delivers remarks
• GE Aerospace (GE), Philip Morris (PM), Verizon (VZ) and Texas Instruments (TXN) report earnings

Wednesday, October 23

• Existing home sales (September)
• Federal Reserve Beige Book release 
• Federal Reserve Gov. Michelle Bowman delivers remarks
• Tesla (TSLA), Coca-Cola (KO), T-Mobile (TMUS), Thermo Fisher Scientific (TMO), IBM (IBM), ServiceNow (NOW), AT&T (T), Boeing (BA) and GE Vernova (GEV) report earnings

Thursday, October 24

• Initial jobless claims (Week ending Oct. 19)
• S&P flash U.S. PMI (October)
• New home sales (September)
• Cleveland Fed President Beth Hammack delivers results
• Amazon (AMZN), Union Pacific (UNP), Honeywell International (HON), United Parcel Services (UPS) and Capital One Financial (COF) report earnings

Friday, October 25

• Durable-goods orders (September)
• Consumer sentiment – final (October)
• HCA Healthcare (HCA) and Colgate-Palmolive (CL) report earnings

Reports from Tesla, Amazon, Coca-Cola Are Highlights of Earnings Calendar

Investors will get Tesla’s quarterly financial update on Wednesday, following the company’s recent “Cybercab” event. The electric vehicle (EV) maker’s earnings come after its profits fell 45% in its last quarterly report despite an increase in revenue.

Amazon’s third-quarter report on Thursday comes after its revenue forecast for the quarter was lower than investors expected. The online retailer reported record sales at its recent two-day Prime Big Deals Days event in October. 

Coca-Cola’s Wednesday report will show whether the world’s largest soft drink maker can deliver on the increased outlook it released after reporting a 10% jump in North American sales.

Several telecom providers will report earnings this week. T-Mobile will deliver results on Wednesday after the phone company raised its expected subscriber growth during its most recent quarterly report. AT&T will also report on Wednesday, while Verizon will deliver its quarterly financial update on Tuesday. 

GE Aerospace will report its third-quarter earnings on Tuesday, and analysts expect the aircraft engine maker to grow its quarterly revenue. Boeing’s report on Wednesday follows the aircraft maker’s announcement that it would lay off 17,000 workers as it grapples with a worker strike.

Investors Watching Fed Speak, Beige Book and Housing Data

Investors will hear from the Federal Reserve this week, as several officials will deliver remarks, including Federal Reserve Gov. Michelle Bowman, Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid, Minneapolis Fed President Neel Kashkari and Philadelphia Fed President Patrick Harker. On Wednesday, the Fed will issue its latest version of the Beige Book, which provides an update on economic conditions in each of the 12 Federal Reserve districts.

Housing data will capture attention this week, with updates on existing home sales coming on Wednesday and new home sales data following on Thursday. Also on Thursday, investors will be closely watching jobless claims, especially as Fed officials have highlighted the importance of maintaining strength in the labor market. Purchasing Managers’ Index (PMI) data released that day will provide insight into the health of the manufacturing and services sectors.

On Friday, the Michigan Consumer Sentiment Index will provide insight into people’s perceptions of the economy in October, including whether they expect inflation to continue easing.