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*dates subject to change*
As the month of October continued, markets stayed fairly flat showing moderate gains as investors reflected on geopolitical tensions and September’s inflation data.
Some earnings highlights included Walgreens Boots Alliance, which despite posting a weak bottom line, rose by considerable margins throughout the week after showing progress made in its cost-cutting measures.
After stellar labor market data released the previous week, this week provided inflation figures for September that came in hotter than expected. For both wholesale and retail inflation, readings were slightly higher than forecasted as rising prices in shelter and service costs contributed to the increases.
Overall, U.S. stocks remain sluggish as investors wait to hear from Fed Chair Jerome Powell at the next FOMC meeting. Going forward, investors should monitor retail sales figures next week to gauge consumer movement going into the end of the year.
Here are the companies from this week’s expected earnings:
- Charles Schwab – 10/16 (#charsh)
- Johnson and Johnson – 10/17 (#jnj)
- Bank of America – 10/17 (#bankamer)
- Netflix – 10/18 (#netflx)
- Tesla – 10/18 (#tesla)
- American Airlines – 10/19 (#amerair)
- American Express – 10/16 (#amex)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!