Week: 24-28 October - Dow Jones 30 & NASDAQ 100

View previous topic View next topic Go down

Week: 24-28 October - Dow Jones 30 & NASDAQ 100

Post by Kiril Zagorski on Mon Oct 24, 2016 3:19 am

The next week will be a quite important one for the US stock indices.
The following analysis will be concentrated on 2 major indices: Dow Jones 30 and NASDAQ 100.

11 out of 30 companies from Dow Jones (Apple, Google and others) are about to release their quarterly reports, where 26 out of 100 Nasdaq 100 are about to release their quarterly reports.

Monday, 24th October
Visa Inc. (Dow Jones 30) will publish Q3 earnings report after the market open. Expected EPS = 0.728.
T-Mobile US Inc (NASDAQ 100) will publish Q3 earnings report before the market open. Expected EPS = 0.219.

FOMC Member Dudley will speak at 9am EST and FOMC Member Bullard will speak at 9am EST. The markets will expect to hear more about a possible US Rate Hike at December's FOMC meeting. The probability for US Rate Hike durint the meeting in December (Wednesday, 14 Dec 2016) is 64%, whereas 8.3% is the chance of US Rate Hike at Wednesday, 2 Nov 2016. The information is based on CME Group 30-Day Fed Fund futures prices.

Flash Manufacturing PMI will be published at 10am EST. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release is the earliest and thus tends to have the most impact

Tuesday, 25th October

Apple Inc. (Dow Jones 30 & Nasdaq 100) will publish Q3 earnings report. The time for the release was not defined. Expected EPS = 1.654
3M Co (Dow Jones 30) will publish Q3 earnings report  before the market open . Expected EPS = 2.139
E.I. du Pont de Nemours  and Company (Dow Jones 30) is expected to report Q3 earnings before market open. Expected EPS = 0.21
Merck & Company, Inc. (Dow Jones 30) is expected to report Q3 earnings before market open. Expected EPS = 0.98
Procter & Gamble Company (Dow Jones 30) is expected to report Q3 earnings before market open. Expected EPS = 0.98
United Technologies Corporation (Dow Jones 30) is expected to report Q3 earnings before market open. Expected EPS = 1.68
Akamai Technologies, Inc. (NASDAQ 100) is expected to report earnings after market close. Expected EPS = 0.48
Express Scripts Holding Company (NASDAQ 100) is expected to report earnings after market close.Expected EPS = 1.74
PACCAR Inc. (NASDAQ 100) is expected to report earnings before market open.Expected EPS = 0.98
Vertex Pharmaceuticals Incorporated (NASDAQ 100) is expected to report earnings after market close.Expected EPS = -0.04

The market will keep an eye on the new monthly release of US CB Consumer Confidence at 10am EST. It is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Wednesday, 26th October

Boeing Company (Dow Jones 30) will publish Q3 earnings report before the market open. Expected EPS = 2.62.
Coca-Cola Co (Dow Jones 30) will publish Q3 earnings report before the market open. Expected EPS = 0.48.
Biogen Inc (NASDAQ 100) will publish Q3 earnings report before the market open. Expected EPS = 2.674.
Comcast Corporation (NASDAQ 100) is expected to report earnings before market open.Expected EPS = 0.92.
Fiserv, Inc. (NASDAQ 100) is expected to report earnings after market close.Expected EPS = 1.13.
Mondelez International, Inc. (NASDAQ 100) is expected to report earnings before market open. Expected EPS = 0.43.
NXP Semiconductors N.V. (NASDAQ 100) is expected to report earnings after market close.Expected EPS = 1.37.
O'Reilly Automotive, Inc. (NASDAQ 100) is expected to report earnings after market close.Expected EPS = 2.92.
Tesla Motors, Inc. (NASDAQ 100) is expected to report earnings after market close.Expected EPS = -0.64
Texas Instruments Incorporated (NASDAQ 100) is expected to report earnings after market close. Expected EPS = 0.86
Western Digital Corporation (NASDAQ 100) is expected to report earnings after market close. Expected EPS = 1.05
DENTSPLY SIRONA Inc. (NASDAQ 100) is estimated to report earnings . Expected EPS = 0.63

U.S. housing data next week will give a look at new home sales on Wednesday at 10am EST.
Crude Oil inventories will be released on Wednesday at 10:30am EST.

Thursday, 27th October

Alexion Pharmaceuticals, Inc. (NASDAQ 100) is expected to report earnings before the market open. Expected EPS = 1.04
Amgen Inc. is (NASDAQ 100) expected to report earnings after the market close. Expected EPS = 2.8
Amazon.com, Inc. (NASDAQ 100) is expected to report earnings after the market close.Expected EPS = 0.86
Baidu, Inc. (NASDAQ 100) is expected to report earnings after the market close.Expected EPS = 0.87
BioMarin Pharmaceutical Inc. (NASDAQ 100) is expected to report earnings after market close. Expected EPS = -0.39
CA Inc. (NASDAQ 100) is expected to report earnings after market close.Expected EPS = 0.57
Celgene Corporation (NASDAQ 100) is expected to report earnings before market open. Expected EPS = 1.31
Expedia, Inc. (NASDAQ 100) is expected* to report earnings after market close. Expected EPS = 2.22
Alphabet Inc. (Google's mother company) (NASDAQ 100) is expected to report earnings after market close.Expected EPS = 8.62
Sirius XM Holdings Inc. (NASDAQ 100) is expected to report earnings  before market open.Expected EPS = 0.04
Stericycle, Inc. (NASDAQ 100) is expected to report earnings after market close.Expected EPS = 1.17

U.S. durable goods figures for September are to be published on Thursday at 8:30 am EST, which are expected to show a 0.2% increase, up from the reported reading of (-0.2%) in August.
Pending home sales will be released on Thursday at 10:00 am EST, which are expected to show a 1.2% increase, up from the reported reading of (-2.4%) in August.

Friday, 28th October

Chevron Corp. (Dow Jones) will publish Q3 earnings report before the market open. Expected EPS = 0.364.
Exxon Mobil Corp. (Dow Jones) will publish Q3 earnings report before the market open. Expected EPS = 0.615.

The U.S. is to release preliminary data on third quarter GDP on Friday, which is expected to show a significant rebound from the second quarter’s 1.4% annual rate to 2.5%. Federal Reserve officials have indicated that interest rates could rise in December if the economy remains on track.

Kiril Zagorski
Administrator
Administrator

Posts : 8
Join date : 2016-09-05

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum