Categories Earnings, U.S. Markets News

Earnings reports to watch for the week of Oct. 5

Events Report - Week of October 5, 2020

Though major indexes experienced weakness towards the end of last month, the trend changed for the better when stock markets opened this week. The recovery continued since then, led by the technology sector that had witnessed a pull-back earlier. However, the market is expected to remain volatile until the White House strikes a final deal on the controversial bill on the $2.2 trillion fiscal stimulus.

On Friday, the markets turned jittery following reports of President Donald Trump testing positive for COVID-19. Earlier, concerns about the economic recovery increased after reports of the country’s private sector adding fewer jobs than expected. At 661,000, the number of jobs added in September was below the previous month’s level.

Proving its critics wrong yet again, Tesla this week said it achieved production and delivery goals for the third quarter, exceeding expectations. After a long lull — thanks to the COVID crisis – M&A activity seems to be picking up, with Walmart reaching an agreement with Issa Brothers and TDR Capital to sell its UK unit Asda. Elsewhere, media reports revealed that Goldman Sachs has agreed to acquire the credit card business of General Motors for $2.5 billion.

In the IPO space, Colorado-based software firm Palantir Technologies and task management app Asana went public this week, eliciting a lot of interest from market watchers and the investing community.

With the next earnings season about to start later this month, there are only a few announcements scheduled for the next week. Major announcements include Levi Strauss & Co and Paychex slated for Tuesday. Domino’s Pizza (DPZ) and Acuity Brands (AYI) will unveil their latest quarterly numbers on Thursday.

Key Earnings to Watch

Key Investor Days to Watch

Key Corporate Conferences to Watch

Key US Economic Events

Looking Back

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.

Weibo Corporation (WB)
Micron Technology Inc. (MU)
PepsiCo Inc. (PEP)
Conagra Brands, Inc. (CAG)
Constellation Brands Inc. (STZ)
Bed Bath & Beyond Inc. (BBBY)

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.

Most Popular

Shopify (SHOP): This recession-proof stock looks unstoppable. Here’s why

The virus-related movement restrictions have had a complementary effect on the business of Shopify Inc. (NYSE: SHOP), which was already thriving on the widespread cloud adoption and digital shift. The

IPO: Here are the things to know about Fresh Grapes’ market debut

There has been a spurt in the number of food and beverages companies going public lately, but many of them failed to perform as expected in the stock market. Fresh

Hormel Foods (HRL) fine-tunes biz strategy to beat challenges. Is the stock a buy?

For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top