Big Tech earnings, Pfizer COVID-19 booster shot meeting, inflation data top week ahead


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Other earning companies include Kimberly Clark, UPS, Coca-Cola, Robinhood Markets, GM, McDonald’s, Ford, Boeing and Starbucks.

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Big Tech will continue to dominate earnings for the coming week, while investors will take more key housing and inflation data. A Food and Drug Administration advisory committee will also meet at the back of the week to discuss whether to approve Pfizer and BioNTech’s COVID-19 vaccine booster doses for children ages 5 to 11.

The Dow Jones Industrial Average closed on Friday its first record low since August 16. Meanwhile, the S&P 500 and Nasdaq slipped on weakness in big tech stocks after Snap missed third-quarter revenue expectations. The social media app noted that Apple iPhone privacy changes have disrupted its advertising business.

anchor the protection The last Change Change %
Me: DJI dow jones average 35677.02 +73.94 +0.21%
SP500 S&P 500 4544.9 -4.88 -0.11%
me: comp NASDAQ Composite Index 15090.200353 -125.50 -0.82%

Granthshala Business takes a look at upcoming events that are likely to go ahead financial market In the coming days.

Monday 10/25

Beginning the week for earnings will be Kimberly Clark and Lennox International before the market opens, while Facebook headlines after the bell, after former product manager-turned-whistleblower Frances Haugen testified before Congress accusing the tech giant’s products . Harming children, inciting division and undermining democracy.

anchor the protection The last Change Change %
KMB Kimberly-Clark Corp. 133.04 +1.76 +1.34%
LII Lennox International, Inc. 312.18 +1.58 +0.51%
American Plan Facebook, Inc. 324.61 -17.27 -5.05%
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Meanwhile, Monday will be relatively calm for economic data, with the National Activity Index in focus.

In addition, Amazon Prime members will be hit with a $9.95 surcharge for Whole Foods Market delivery orders. However, a Whole Foods spokesperson previously told Granthshala Business that any pickup order over $35 will still be free for Prime members.

Other notable incidents include the expiration of a judge’s hold on Apple’s new Mac operating system, a Walt Disney World hiring event at the Coronado Springs Resort convention center in Monterey, and United Airlines’ plan to put unpaid employees on unpaid leave. The ban was imposed for persons seeking medical or religious exemptions from the mandate.

Tuesday 10/26

Earnings will increase on Tuesday, with General Electric, Hasbro, JetBlue Airways, Lockheed Martin, Sherwin-Williams, UPS and Xerox among the companies reporting before the market opens.

anchor the protection The last Change Change %
Give General Electric Company 104.05 +0.90 +0.87%
Is Hasbro, Inc. 89.50 -2.96 -3.20%
JBLU JetBlue Airways Corp. 14.64 -0.22 -1.48%
LMT Lockheed Martin Corp. 374.60 +1.46 +0.39%
SHW Sherwin-Williams Company 306.62 -0.16 -0.05%
UPS United Parcel Services, Inc. 203.81 +4.37 +2.19%
xrx Xerox Holdings Corp. 20.74 -0.12 -0.58%

Alphabet, Microsoft and Twitter will start earning Big Tech after the bell rings. Investors will also hear from Capital One Financial, Visa and Robinhood Markets.

anchor the protection The last Change Change %
Google Alphabet, Inc. 2,751.33 -86.39 -3.04%
msft Microsoft Corp. 309.16 -1.60 -0.51%
TWTR Twitter, Inc. 62.24 -3.16 -4.83%
Memory Capital One Financial Corp. 167.84 +2.15 +1.30%
v Visa, Inc. 231.23 +0.99 +0.43%
hood Robinhood Markets, Inc. 39.59 -1.69 -4.09%

Investors will also join a wave of housing data, including new home sales, building permits, the FHFA Monthly Home Price Index and the Case-Shiller Home Price Index, as well as the latest readings on consumer confidence.

anchor the protection The last Change Change %
PFE Pfizer Inc. 43.16 +0.30 +0.70%
bntx Biotech SE 278.34 -8.02 -2.80%

Also on Tuesday, the Food and Drug Administration’s Vaccines and . Biological Products Advisory Committee will hold a meeting to discuss possible approval for booster doses of Pfizer and BioNTech’s COVID-19 vaccine in children ages 5 to 11. JetBlue Airways founder David Nielman’s new airline, Breeze Airways, will also receive its first delivery of Airbus A220 aircraft as the company seeks to operate longer flights.

In addition, Snap, TikTok and YouTube will be placed in the hot seat by the Senate Commerce, Science and Transportation Subcommittee on Consumer Protection, Product Safety and Data Security, which will question company representatives about the effects of their platforms on children.

Wednesday 10/27

Wednesday’s earnings include Boeing, Coca-Cola, General Motors, Harley Davidson, Hayes, Hilton Worldwide, Kraft Heinz, McDonald’s and Spotify.

anchor the protection The last Change Change %
B. A The Boeing Company 212.97 -1.37 -0.64%
KO Coca-Cola Company 54.45 +0.10 +0.18%
GM General Motors Company 57.77 -0.64 -1.10%
hog Harley-Davidson, Inc. 36.90 +0.09 +0.24%
They said, Hayes Corp. 88.64 +1.13 +1.29%
LDS Hilton Worldwide Holdings, Inc. 141.66 +0.16 +0.11%
Different Kraft Heinz Company 36.38 0.00 0.00%
Delhi Municipal Corporation McDonald’s Corp. 238.44 -2.96 -1.23%
Location Spotify Technology SA 252.96 -2.04 -0.80%

Big names to post results after the bell would include eBay, Ethan Allen, Ford Motor Company, O’Reilly Automotive, Pilgrim’s Pride and Sleep Numbers.

anchor the protection The last Change Change %
EBAY eBay, Inc. 80.59 +4.38 +5.75%
ETD Ethan Allen Interiors, Inc. 24.08 -0.14 -0.58%
F Ford Motor Company 16.28 -0.27 -1.63%
Took more O’Reilly Automotive, Inc. 663.57 +0.32 +0.05%
PPC pilgrim pride 29.05 0.00 0.00%
SNBR Sleep Number Corp. 92.29 +0.38 +0.41%

For economic data, investors will be looking at durable goods, core capital goods, advance reports on the goods trade, weekly mortgage applications and the Energy Information Administration’s weekly crude stocks.

Online designer rental firm Rent the Runway will also be a stock to watch on Tuesday as the company prepares to debut through its IPO on Nasdaq, which will offer 15 million shares at $18 to $21, according to it. brochure filing. Rent Rent will trade under the runway ticker symbol RENT. At $21 a share, Rent the Runway could be valued at about $1.3 billion.

In international news, the Iran Foreign Ministry will host talks on the situation in Afghanistan with Russia, China, Pakistan, Tajikistan, Uzbekistan and Turkmenistan.

Iran’s Foreign Ministry spokesman Saeed Khatibzadeh said, “The six countries will focus on how they can help form an inclusive government in Afghanistan with the presence of all ethnic groups and how they can shape the future of peace and security in Afghanistan.” How can you shape it? A press conference last week.

Thursday 10/28

The earnings parade continues Thursday with Caterpillar, Comcast, Hershey’s, Keurig Dr Pepper, Mastercard, Merck, Molson Coors Beverage,, Shopify and Yum! Brands among companies reporting before the market opens.

anchor the protection The last Change Change %
Cat Caterpillar, Inc. 200.65 -0.38 -0.19%
CMCSA Comcast Corp. 54.22 +0.19 +0.35%
HSY Hershey Company 182.10 +1.80 +1.00%
KDP Keurig Dr Pepper, Inc. 34.66 +0.28 +0.81%
M.A MasterCard, Inc. 358.67 +2.46 +0.69%
MRK Merck & Company, Inc. 81.15 -0.02 -0.02%
Tap Molson Coors Beverage Co. 44.44 -0.01 -0.02%
Ostak, Inc. 80.94 -0.02 -0.02%
Shop Shopify, Inc. 1,425.85 -70.86 -4.73%
yama yum! Brands, Inc. 126.57 -0.21 -0.17%

Amazon and Apple will conclude big tech earnings calls after the bell on Thursday. In addition, Gilead Sciences, Skechers USA, Starbucks, Texas Roadhouse and US Steel are also set to report.

anchor the protection The last Change Change %
AMZN AMAZON.COM, INC. 3,335.55 -99.46 -2.90%
AAPL Apple, Inc. 148.69 -0.79 -0.53%
to gild Gilead Science, Inc. 67.24 +0.25 +0.37%
SKX Skechers USA, Inc. 45.78 +0.11 +0.24%
SBUX Starbucks Corp. 114.55 +0.11 +0.10%
TXRH Texas Roadhouse, Inc. 89.61 +1.09 +1.23%
x United States Steel Corp. 22.88 +0.67 +3.02%

Semiconductor chipmaker GlobalFoundries will be a stock to watch on Thursday as the company debuts on the Nasdaq via an offering of 55 million shares for between $42 and $47. Investors will also be watching the latest reports on third quarter GDP, pending home sales and early and continuing jobless claims.

On Capitol Hill, the Senate Aging Committee will examine hearings on building a robust retirement system for all Americans and the House Oversight Committee will hold a hearing titled “Fueling the Climate Crisis: Exposing Big Oil’s Disinformation Campaign to Prevent Climate Action.” In addition, the Senate Homeland Security and Government Affairs Committee will hold hearings investigating the amplification of social media platforms and domestic extremism and other harmful content.

Friday 10/29

Chevron, Colgate-Palmolive, Newell Brands, Phillips 66, Ruths Hospitality Group and WW Grainger will end the week for personal income, consumer spending, core inflation, the employment cost index, Chicago PMI and earnings during the University’s final reading. The week will end for Michigan’s consumer index economic data for October.

anchor the protection The last Change Change %
CVX Chevron Corp. 112.80 +1.06 +0.95%
NS Colgate-Palmolive Company. 75.50 +0.61 +0.81%
NWL Newell Brands, Inc. 22.64 -0.61 -2.62%
psx Philips 66 82.89 +0.16 +0.19%
Mercy Ruth’s Hospitality Group, Inc. 19.22 +0.20 +1.05%
GWW WW Grainger, Inc. 437.04 -0.76 -0.17%

In addition, President Biden will meet with Pope Francis at the Vatican, where the two leaders will discuss “working together on efforts to end the COVID-19 pandemic, address the climate crisis, and respect fundamental human dignity, including caring for human dignity.” ” poor,” according to a White House statement. Biden will also be in Rome on Saturday and Sunday for the G20 Leaders Summit and in Glasglow, Scotland on November 1 and 2 for the World Leaders Summit at the start of the COP26 climate change gathering.

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