What To Expect in the Markets Next Week

We’ll get extra earnings studies subsequent week, together with these from Uber Applied sciences (UBER), UBS (UBS), Occidental Petroleum (OXY), Rivian Automotive (RIVN), The Walt Disney Firm (DIS), Honda Motor Firm (HMC), and Warner Bros. Discovery (WBD), amongst others.

The New York Fed will situation its quarterly report on family debt and credit score on Tuesday, gauging the monetary situation of U.S. households within the third quarter. On Friday, we’ll get a well timed client sentiment studying from the College of Michigan, which is able to situation its Shopper Sentiment Index (MCSI) for November.

Week of Nov. 6:

Monday, November 6

• Ryanair Holdings (RYAAY), Vertex Prescription drugs (VRTX), NXP Semiconductors (NXPI), Realty Revenue Corp. (O), Diamondback Vitality (FANG), BioNTech (BNTX), Coterra Vitality (CTRA), Worldwide Flavors & Fragrances (IFF), Celanese Company (CE), and Aspen Expertise (AZPN) report earnings
• New York Fed International Provide Chain Strain Index (Oct)

Tuesday, November 7

• Gilead Sciences (GILD), Uber Applied sciences (UBER), UBS (UBS), Air Merchandise and Chemical compounds Inc. (APD), Occidental Petroleum (OXY), Emerson Electrical (EMR), KKR & Co. (KKR), D.R. Horton (DHI), Coupang (CPNG), and Rivian Automotive (RIVN) report earnings
• U.S. Commerce Stability (Sep)
• IBD/TIPP Financial Optimism Index (Nov)
• New York Fed Family Debt and Credit score Report (Q3 2023)
• Mannheim Consulting Used Automobile Worth Index (Sep)

Wednesday, November 8

• The Walt Disney Firm (DIS), TC Vitality Corp. (TRP), Biogen (BIIB), Corteva (CTVA), Manulife Monetary (MFC), Warner Bros. Discovery (WBD), Franco-Nevada Corp. (FNV), Take-Two Interactive Software program (TTWO), Roblox (RBLX), and Kellanova (Ok) report earnings
• Wholesale Inventories (Sep)
• China Inflation Fee (Oct)

Thursday, November 9

• Honda Motor Firm (HMC), Sony Corp. (SONY), AstraZeneca (AZN), Becton, Dickinson and Firm (BDX), Brookfield Corp. (BN), Transdigm Group (TDG), Li Auto (LI), The Commerce Desk (TTD), Illumnina (ILMN), and Information Company (NWS; NWSA) report earnings

Friday, November 10

• Algonquin Energy & Utilities Corp. (AQN) and StoneCo Ltd. (STNE) report earnings
• College of Michigan Shopper Sentiment Index (Nov)
• U.Ok. Gross Home Product – Preliminary Studying (Q3 2023)

The Subsequent Batch of Earnings

Although the busiest a part of earnings season might be behind us, traders can nonetheless count on earnings from a big selection of firms subsequent week. We’ll get studies from Ryanair Holdings and BioNTech on Monday, adopted by Gilead Sciences, Uber Applied sciences, UBS, and Rivian Automotive on Tuesday. The Walt Disney Firm and Warner Bros. Discovery will report on Wednesday, whereas Thursday’s lineup will characteristic Honda Motor Firm and Li Auto, amongst others.

The New York Fed’s Family Debt and Credit score Report

On Tuesday, the Federal Reserve Financial institution of New York will situation its quarterly report on family debt and credit score, gauging the monetary situation of U.S. households within the third quarter. U.S. family debt rose to a file $17.06 trillion within the second quarter, pushed by larger bank card debt, which surpassed $1 trillion for the primary time in historical past. Customers are relying more and more on bank cards to finance their purchases, amid persistently excessive inflation.

A Well timed Shopper Sentiment Replace

On Friday, the College of Michigan will situation the preliminary November replace to its Shopper Sentiment Index (MCSI), a sentiment gauge that tracks client’s perceptions about their very own funds and the broader financial system, together with expectations for the longer term.

The MCSI fell to a five-month low of 63.8 in October, as customers turned extra involved about their private funds. The MCSI plunged to a file low of fifty in June of final yr amid the very best inflation in 4 many years, and stays properly under a pre-pandemic excessive of 101 in February 2020.