What to Watch in the Day Ahead - Wednesday, October 23
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT
Wall Street expects Tesla to post a 9% rise in quarterly revenue when the electric vehicle maker reports third-quarter results. Investors are looking for guidance on the company's projection for deliveries for the year, details of a more affordable model and how it plans to spur demand in 2025.
U.S. planemaker Boeing is expected to quarterly burn cash after a strike by around 33,000 workers crippled production of its strongest-selling jet. The company is expected to raise roughly $15 billion between credit and equity to shore up its balance sheet but it is not clear if that will be announced during earnings or will come in the days after.
Coca-Cola is expected to post a fall in third-quarter revenue mainly as consumers pare back spending on sodas which got pricier in the last couple of years. Investors will look out for comments about consumer demand in the United States, sales in international markets, new product launches and any impact from port strikes in the U.S. East Coast and Gulf Coast.
Federal Reserve Bank of Richmond President Thomas Barkin will speak on "Recognizing the Impact of Community Colleges" before the 2024 Virginia Education and Workforce Conference in Richmond. (1200/1600) Separately, Fed Board Governor Michelle Bowman is scheduled to give opening remarks on the second day of the Eighth Annual Fintech Conference hosted by the Federal Reserve Bank of Philadelphia. (0900/1300)
The Federal Reserve is scheduled to issue its Beige Book. Additionally, a report from National Association of Realtors is expected to show existing home sales likely rose to a seasonally adjusted rate of 3.86 million units in September, after a similar rise in August.
T-Mobile is expected to report a 4% rise in revenue in the third quarter, helped by cost-conscious customers moving to its cheaper plans and 5G services.
AT&T is expected to report a rise in second-quarter revenue, helped by strong subscriber additions.
IBM to report results for its third fiscal quarter. Investors will focus on growth in the company's "AI book of business" and indicators of demand for enterprise IT spending.
General Dynamics is set to report third-quarter earnings. The defense company is expected to post upbeat results on the back of strong defense demand. However, investors are also eyeing the company's aircraft deliveries as supply chain issues persist.
Bank and industry executives discuss key global themes at the four-day-long IIF conference. A number of top executives including Citigroup chairman John Dugan, UBS CEO Sergio Ermotti, secretary general of the Basel Committee, and Deputy Governor of the Bank of England will be speaking during the day.
Gold miner Newmont is expected to post a higher third-quarter profit compared to last year, helped by a rally in gold prices. Investors would be looking forward to any commentary on its divestiture targets or operations.
Toymaker Mattel is expected to post a decline in third-quarter net sales after markets close, hurt by softer consumer spending and a strong year-ago performance driven by the "Barbie" movie release. Investors will look out for comments on holiday demand, promotions and indications of volume recovery in the near term.
Hotel operator Hilton Worldwide is expected to report its third-quarter earnings results. Analysts will focus on domestic and international travel spending from consumers ahead of elections.
ServiceNow is expected to report a rise in third-quarter revenue, driven by growing demand for the company's AI-powered services.
Thermo Fisher is expected to give its third-quarter results. Investor focus will be on the demand for its products used in clinical trials and other services used by biotech companies.
Rollins is expected to post a rise in third-quarter sales, helped by steady demand for its pest control products, especially in North America. Investors will look out for comments on pricing strategies and the North American market given competitor Rentokil's reported weakness in the region.
Derivatives exchange CME Group is expected to report a higher third-quarter profit, bolstered by robust rates and equities trading. Escalating uncertainties have fueled demand for CME's hedging products, driving strong growth across all of CME's asset classes in Q3.
Align Technology is scheduled to report third-quarter results after markets close. Investors are expected to look out for any changes to its annual revenue forecast and demand for teeth aligners.
Molina Healthcare is expected to report third-quarter results after markets close. Investors are expected to look out for changes to its full-year profit forecast and medical costs in its Medicaid business.
Canada's central bank is due to announce its monetary policy decision. The Bank of Canada is expected to cut its overnight rate by 50 basis points to 3.75%, as economic growth in the country slows. Governor Tiff Macklem will give a press conference post the announcement.
Mexico's national statistics agency will report the country's monthly retail sales figures. Retail sales likely rose 0.2% in August after increasing 0.7% in the prior month. Annually, retail sales are expected to have fallen 0.4% in August, following a 0.6% decline in July.
Compiled by Ankita Yadav; Editing by Vijay Kishore
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
