Undoubtedly the biggest event of the week was the launch of iPhone 12, the latest in Apple’s smartphone series. Pre-orders for the standard model starts Friday, while the premium version will be available for order next month. Bringing relief to embroiled aircraft maker Boeing, aviation regulators in Europe certified that the controversial 737 MAX aircraft is safe to fly again.
Elsewhere, latest data showed that retail sales grew at a faster-than-expected pace of 1.9% in September, giving fresh hopes of economic recovery.
Earlier this week, JP Morgan (JPM) kicked off third-quarter bank earnings, heralding one of the keenly-awaited earnings seasons. While the leading banks delivered mixed results, the numbers have revealed a general downtrend in consumer banking. The important companies scheduled to report earnings next week include Lockheed Martin, Abbott Laboratories, Southwest Airlines, AT&T, Coca-Cola, Intel and American Express.
After staying in the positive territory for some time, major stock indexes changed course towards the end of the week and pared a part of the recent gains, amid concerns over the uncertainty surrounding the stimulus bill. The S&P index closed the last session at 3,483.34, down 0.15%. At 28,494.20, Dow Jones will be opening slightly lower on Friday.
Key Earnings to Watch
Key Corporate Conferences to Watch
Key Investor Days to Watch
Key US Economic Events
The following are notable companies which have reported their earnings last week. In case if you have missed to catch up on their performance, click the respective links to skim through the transcripts to glean more insights.
JPMorgan Chase & Co (JPM)
Johnson & Johnson (JNJ)
Citigroup Inc. (C)
BlackRock, Inc. (BLK)
Delta Air Lines Inc. (DAL)
Goldman Sachs Group Inc. (GS)
Infosys Limited (INFY)
Wells Fargo & Co (WFC)
Del Taco Restaurants Inc. (TACO)
United Airlines Holdings, Inc. (UAL)
Morgan Stanley (MS)
If you want to listen to how management responds to analyst questions and the tone they use, you can head over to our YouTube channel to listen to conference calls on the go.
JetBlue Airways Corporation (NASDAQ: JBLU) reported third quarter 2020 earnings results today. Total operating revenues declined 76% year-over-year to $492 million. The company reported a net loss of $393 million,
Merck & Co., Inc. (NYSE: MRK) reported stronger than expected earnings and sales for the third quarter of 2020. The company's stock gained early Tuesday immediately after the announcement. Worldwide
Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign