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.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard