Enough changes in direction this week in earnings reports to keep your head spinning. We go from earnings results from the “old economy” to tech behemoths to Big Oil.
This week starts off with a truckload of earnings reports from bellwethers of the “old economy.”
On Tuesday, October 24 3M (MMM), Caterpillar (CAT), and McDonald’s (MCD) report. On Wednesday we hear from Coca-Col (KO) and Visa (V). That should be enough to establish the character of growth for the economy as a whole (and for the big company Dow Industrial Average and the Standard & Poor’s 500.) .
And, then, on Thursday October 26, earnings season shifts gears. On that day we get reports from Amazon (AMZN), Alphabet (GOOG), Intel (INTC), and Microsoft (MSFT.) Those reports will drive the NASDAQ Composite, of course, but they’ll also set the mood for the whole market as we wait for Facebook (FB) and Apple (AAPL) to report next week on November 1 and November 2, respectively.
And then, on Friday, earnings season shifts gears again as Chevron (CVX) and ExxonMobil (XOM) report for Big Oil.