Stock markets shifted to recovery mode as the week came to a close, with the major indices closing higher after staying in the negative territory in the past few weeks. On Friday, stocks regained strength, led by technology. Meanwhile, volatility persisted in the market amid continuing uncertainty over the next round of stimulus and mixed cues on the future of the US economy, ahead of the November election.
With no clear signs of the pandemic subsiding, the markets would likely to remain jittery in the coming days. At 3,298.46, the S&P 500 index closed up 1.6% on Friday, while the Dow Jones Industrial Average added 358.52 points to end at 27,173.96.
The earnings reporting in the fourth quarter 2020 begins with PepsiCo (PEP), Conagra Brands (CAG), Constellation Brands (STZ), and Bed Bath & Beyond (BBBY) conducting their quarterly earnings call on October 1. Micron Technology (MU), which reports its quarterly earnings on Tuesday, will be the last major company to report earnings in Q3.
Key Earnings to Watch
Investor Days to Watch
M&A Conference 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.
Stitch Fix, Inc. (SFIX)
Nike Inc. (NKE)
AutoZone Inc. (AZO)
Aurora Cannabis Inc. (ACB)
General Mills Inc. (GIS)
JinkoSolar Holding Co. (JKS)
Accenture PLC (ACN)
Costco Wholesale (COST)
BlackBerry Limited (BB)
Rite Aid Corp. (RAD)
Jabil Inc. (JBL)
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